Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Aprio Wealth Management LLC

Aprio Wealth Management LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 41.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,656 shares of the information services provider’s stock after buying an additional 4,024 shares during the quarter. Aprio Wealth Management LLC’s holdings in Alphabet were worth $2,585,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GOOGL. LMR Partners LLP purchased a new position in shares of Alphabet in the 3rd quarter worth $32,000. Denver PWM LLC purchased a new position in shares of Alphabet in the 2nd quarter worth $41,000. Quarry LP purchased a new position in shares of Alphabet in the 2nd quarter worth $53,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Alphabet in the 3rd quarter worth $66,000. Finally, Mendota Financial Group LLC raised its position in Alphabet by 19.0% in the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $197.55, for a total transaction of $559,856.70. Following the completion of the sale, the chief accounting officer now directly owns 20,681 shares in the company, valued at $4,085,531.55. This represents a 12.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated 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 owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This trade represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 154,387 shares of company stock valued at $27,748,931 over the last three months. 11.55% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $192.04 on Monday. The company’s fifty day moving average is $182.62 and its two-hundred day moving average is $172.95. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $201.42. The company has a market cap of $2.35 trillion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 1.35 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. During the same period in the prior year, the business posted $1.55 earnings per share. Equities analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.42%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is 10.61%.

Analysts Set New Price Targets

GOOGL has been the topic of several research reports. Phillip Securities raised Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Piper Sandler restated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Roth Mkm raised their target price on Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Tigress Financial raised their target price on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $190.00 target price on shares of Alphabet in a research note on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $207.08.

Alphabet Company Profile

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.