Aurora Private Wealth Inc. Purchases 39,956 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Aurora Private Wealth Inc. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 864.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 44,578 shares of the information services provider's stock after purchasing an additional 39,956 shares during the quarter. Aurora Private Wealth Inc.'s holdings in Alphabet were worth $6,894,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GOOGL. Compass Planning Associates Inc purchased a new position in Alphabet during the 4th quarter valued at $30,000. Anderson Financial Strategies LLC purchased a new position in Alphabet during the 4th quarter valued at $49,000. EQ Wealth Advisors LLC purchased a new position in Alphabet during the 1st quarter valued at $49,000. Navigoe LLC purchased a new position in Alphabet during the 4th quarter valued at $51,000. Finally, Prudent Man Investment Management Inc. purchased a new position in Alphabet during the 4th quarter valued at $53,000. Institutional investors own 40.03% of the company's stock.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research reports. BNP Paribas Exane reiterated a "neutral" rating and issued a $172.00 target price on shares of Alphabet in a report on Friday. Rosenblatt Securities reiterated a "neutral" rating and issued a $189.00 target price on shares of Alphabet in a report on Wednesday, May 21st. Susquehanna lowered their target price on Alphabet from $225.00 to $220.00 and set a "positive" rating for the company in a report on Friday, April 25th. Mizuho lowered their target price on Alphabet from $230.00 to $205.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Bank of America upped their price objective on Alphabet from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $199.95.

Insider Activity

In related news, CAO Amie Thuener O'toole sold 673 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total transaction of $104,537.09. Following the sale, the chief accounting officer now directly owns 15,303 shares of the company's stock, valued at $2,377,014.99. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This trade represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 216,195 shares of company stock valued at $35,764,898. Company insiders own 11.55% of the company's stock.

Alphabet Stock Up 2.9%

Shares of GOOGL stock opened at $178.53 on Monday. The stock's 50-day simple moving average is $166.45 and its 200-day simple moving average is $174.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $2.17 trillion, a PE ratio of 19.90, a P/E/G ratio of 1.26 and a beta of 1.01. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $76.49 billion for the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same period in the prior year, the company earned $1.89 earnings per share. Equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a $0.21 dividend. The ex-dividend date was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet's dividend payout ratio is currently 9.36%.

Alphabet 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.

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