Alphabet Inc. $GOOGL Shares Bought by Aire Advisors LLC

Aire Advisors LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,710 shares of the information services provider’s stock after buying an additional 406 shares during the period. Aire Advisors LLC’s holdings in Alphabet were worth $2,592,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of GOOGL. Brighton Jones LLC lifted its stake in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after buying an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares in the last quarter. BridgePort Financial Solutions LLC lifted its stake in shares of Alphabet by 2.0% in the first quarter. BridgePort Financial Solutions LLC now owns 7,996 shares of the information services provider’s stock worth $1,237,000 after buying an additional 159 shares in the last quarter. Petros Family Wealth LLC raised its stake in Alphabet by 10.0% during the first quarter. Petros Family Wealth LLC now owns 4,744 shares of the information services provider’s stock worth $734,000 after purchasing an additional 432 shares during the period. Finally, LaFleur & Godfrey LLC raised its stake in Alphabet by 7.4% during the first quarter. LaFleur & Godfrey LLC now owns 18,746 shares of the information services provider’s stock worth $2,899,000 after purchasing an additional 1,298 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Alphabet stock opened at $259.92 on Monday. The company’s 50 day simple moving average is $236.72 and its 200-day simple moving average is $195.85. The company has a market capitalization of $3.14 trillion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $261.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of analyst reports. New Street Research lifted their target price on shares of Alphabet from $275.00 to $295.00 in a research note on Friday. Moffett Nathanson lifted their target price on shares of Alphabet from $230.00 to $295.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Oppenheimer lifted their target price on shares of Alphabet from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Melius Research lifted their target price on shares of Alphabet from $220.00 to $255.00 in a research note on Thursday, September 25th. Finally, Citigroup boosted their price objective on shares of Alphabet from $225.00 to $280.00 and gave the company a “buy” rating in a report on Monday, September 15th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $263.55.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $242.92, for a total value of $145,752.00. Following the sale, the director directly owned 5,116 shares of the company’s stock, valued at approximately $1,242,778.72. The trade was a 10.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total transaction of $694,638.90. Following the completion of the transaction, the chief accounting officer owned 14,516 shares of the company’s stock, valued at $3,629,725.80. This trade represents a 16.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 246,150 shares of company stock worth $55,805,379. Insiders own 11.55% of the company’s stock.

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.