Alphabet Inc. $GOOGL Shares Bought by Arista Wealth Management LLC

Arista Wealth Management LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 540.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,195 shares of the information services provider’s stock after buying an additional 22,950 shares during the period. Alphabet makes up approximately 0.7% of Arista Wealth Management LLC’s portfolio, making the stock its 24th largest position. Arista Wealth Management LLC’s holdings in Alphabet were worth $4,793,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GOOGL. Brighton Jones LLC grew its holdings in shares of Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after purchasing an additional 4,110 shares during the period. Revolve Wealth Partners LLC lifted its position in Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after buying an additional 506 shares during the last quarter. Global Assets Advisory LLC lifted its position in Alphabet by 244.2% in the first quarter. Global Assets Advisory LLC now owns 51,268 shares of the information services provider’s stock valued at $7,866,000 after buying an additional 36,374 shares during the last quarter. RAM Investment Partners LLC boosted its stake in Alphabet by 7.6% during the first quarter. RAM Investment Partners LLC now owns 9,157 shares of the information services provider’s stock worth $1,416,000 after buying an additional 643 shares during the period. Finally, Balance Wealth LLC acquired a new stake in shares of Alphabet during the first quarter valued at about $272,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.15, for a total value of $8,129,875.00. Following the sale, the chief executive officer directly owned 2,369,619 shares in the company, valued at $592,760,192.85. The trade was a 1.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares of the company’s stock, valued at $10,635,348.70. This trade represents a 29.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 246,150 shares of company stock worth $55,805,379. Corporate insiders own 11.64% of the company’s stock.

Alphabet Trading Up 3.6%

NASDAQ GOOGL opened at $269.27 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $3.26 trillion, a P/E ratio of 28.68, a P/E/G ratio of 1.75 and a beta of 1.00. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $270.14. The firm has a 50-day moving average price of $238.03 and a 200 day moving average price of $196.63.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial raised their price target on Alphabet from $225.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Cantor Fitzgerald raised their target price on Alphabet from $201.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Morgan Stanley set a $270.00 target price on Alphabet and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Jefferies Financial Group boosted their price target on shares of Alphabet from $230.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Robert W. Baird raised their price objective on shares of Alphabet from $215.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, September 22nd. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.34.

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.