Aaron Wealth Advisors LLC Buys 5,440 Shares of Alphabet Inc. (NASDAQ:GOOG)

Aaron Wealth Advisors LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 23.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,274 shares of the information services provider's stock after purchasing an additional 5,440 shares during the period. Alphabet accounts for 0.6% of Aaron Wealth Advisors LLC's portfolio, making the stock its 27th largest holding. Aaron Wealth Advisors LLC's holdings in Alphabet were worth $4,727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Inscription Capital LLC boosted its holdings in shares of Alphabet by 26.7% during the 1st quarter. Inscription Capital LLC now owns 62,735 shares of the information services provider's stock worth $9,921,000 after buying an additional 13,234 shares during the period. Aprio Wealth Management LLC boosted its holdings in shares of Alphabet by 52.4% during the first quarter. Aprio Wealth Management LLC now owns 6,603 shares of the information services provider's stock worth $1,005,000 after acquiring an additional 2,271 shares during the period. Atwood & Palmer Inc. grew its position in shares of Alphabet by 0.3% in the first quarter. Atwood & Palmer Inc. now owns 243,092 shares of the information services provider's stock valued at $37,013,000 after purchasing an additional 689 shares during the last quarter. Buckingham Capital Management Inc. increased its stake in shares of Alphabet by 1.2% during the first quarter. Buckingham Capital Management Inc. now owns 130,722 shares of the information services provider's stock worth $19,904,000 after purchasing an additional 1,586 shares during the period. Finally, CVA Family Office LLC lifted its holdings in Alphabet by 23.9% during the 1st quarter. CVA Family Office LLC now owns 3,320 shares of the information services provider's stock worth $506,000 after purchasing an additional 640 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOG traded up $0.54 during midday trading on Friday, hitting $165.05. The company's stock had a trading volume of 13,091,267 shares, compared to its average volume of 19,615,248. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a one year low of $121.46 and a one year high of $193.31. The stock has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The company's fifty day simple moving average is $163.18 and its two-hundred day simple moving average is $169.67.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analysts' expectations of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares of the company's stock, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the sale, the chief executive officer now directly owns 2,106,806 shares in the company, valued at $350,361,837.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Prabhakar Raghavan sold 34,257 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now owns 312,210 shares of the company's stock, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 220,426 shares of company stock worth $35,993,340 in the last three months. 12.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GOOG has been the topic of several recent research reports. Cantor Fitzgerald upgraded Alphabet to a "hold" rating in a research report on Thursday, September 5th. Rosenblatt Securities lowered shares of Alphabet from a "buy" rating to a "neutral" rating and set a $181.00 price target on the stock. in a research report on Friday, June 28th. Wolfe Research upgraded shares of Alphabet to a "strong-buy" rating in a research note on Tuesday, July 16th. UBS Group decreased their target price on shares of Alphabet from $204.00 to $187.00 and set a "neutral" rating on the stock in a research report on Monday, October 7th. Finally, Oppenheimer dropped their price target on shares of Alphabet from $210.00 to $185.00 and set an "outperform" rating for the company in a research report on Wednesday, September 25th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $186.90.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.