Aurora Private Wealth Inc. Raises Holdings in Alphabet Inc. (NASDAQ:GOOG)

Aurora Private Wealth Inc. increased its position in Alphabet Inc. (NASDAQ:GOOG) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,189 shares of the information services provider’s stock after buying an additional 339 shares during the period. Alphabet accounts for about 1.3% of Aurora Private Wealth Inc.’s investment portfolio, making the stock its 17th biggest position. Aurora Private Wealth Inc.’s holdings in Alphabet were worth $1,750,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SPC Financial Inc. purchased a new stake in shares of Alphabet during the 2nd quarter valued at about $287,000. New Century Financial Group LLC purchased a new stake in Alphabet during the second quarter valued at approximately $385,000. RiverFront Investment Group LLC lifted its stake in shares of Alphabet by 14.0% in the 2nd quarter. RiverFront Investment Group LLC now owns 214,555 shares of the information services provider’s stock valued at $39,354,000 after purchasing an additional 26,430 shares during the last quarter. Farmers National Bank boosted its holdings in shares of Alphabet by 91.9% in the 2nd quarter. Farmers National Bank now owns 8,927 shares of the information services provider’s stock worth $1,637,000 after purchasing an additional 4,274 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Alphabet during the 2nd quarter valued at approximately $607,000. 27.26% of the stock is owned by institutional investors.

Alphabet Price Performance

NASDAQ GOOG opened at $197.18 on Thursday. The company has a market cap of $2.41 trillion, a PE ratio of 26.15, a P/E/G ratio of 1.27 and a beta of 0.99. The firm’s 50 day moving average price is $188.64 and its 200-day moving average price is $175.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $203.84.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The business’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business posted $1.55 EPS. Sell-side analysts forecast that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares in the company, valued at $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 441 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total value of $75,437.46. Following the transaction, the director now directly owns 16,490 shares in the company, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 122,887 shares of company stock valued at $22,470,464 over the last quarter. 12.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GOOG shares. Wells Fargo & Company lifted their price objective on shares of Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a report on Friday, November 1st. UBS Group raised their price objective on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Pivotal Research raised their price target on Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.13.

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.