Aurora Investment Managers LLC. Has $4.39 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Aurora Investment Managers LLC. cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,439 shares of the information services provider’s stock after selling 417 shares during the period. Alphabet comprises approximately 2.7% of Aurora Investment Managers LLC.’s portfolio, making the stock its 9th biggest holding. Aurora Investment Managers LLC.’s holdings in Alphabet were worth $4,385,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. CHB Investment Group LLC bought a new position in shares of Alphabet in the third quarter valued at approximately $263,000. Ellenbecker Investment Group grew its holdings in Alphabet by 8.4% during the third quarter. Ellenbecker Investment Group now owns 2,082 shares of the information services provider’s stock valued at $345,000 after purchasing an additional 161 shares during the period. Professional Advisory Services Inc. grew its holdings in Alphabet by 2.1% during the third quarter. Professional Advisory Services Inc. now owns 12,041 shares of the information services provider’s stock valued at $1,997,000 after purchasing an additional 242 shares during the period. Sax Wealth Advisors LLC grew its holdings in Alphabet by 16.5% during the third quarter. Sax Wealth Advisors LLC now owns 10,119 shares of the information services provider’s stock valued at $1,678,000 after purchasing an additional 1,434 shares during the period. Finally, BCS Wealth Management grew its holdings in Alphabet by 62.9% during the third quarter. BCS Wealth Management now owns 4,837 shares of the information services provider’s stock valued at $802,000 after purchasing an additional 1,868 shares during the period. 40.03% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total value of $230,804.28. Following the transaction, the chief accounting officer now owns 29,183 shares of the company’s stock, valued at $4,927,257.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the transaction, the chief accounting officer now directly owns 29,183 shares of the company’s stock, valued at approximately $4,927,257.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total value of $3,772,350.00. Following the transaction, the chief executive officer now directly owns 2,159,885 shares in the company, valued at $362,126,319.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 220,426 shares of company stock valued at $35,993,340 over the last 90 days. 11.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GOOGL. Wedbush reissued an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Alphabet in a report on Tuesday, October 15th. Scotiabank raised Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Citigroup increased their price objective on Alphabet from $190.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Tigress Financial increased their target price on Alphabet from $210.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 26th. Seven analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $201.76.

Alphabet Stock Up 1.6 %

GOOGL opened at $165.27 on Monday. The stock has a market cap of $2.03 trillion, a PE ratio of 23.71, a P/E/G ratio of 1.27 and a beta of 1.04. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 52 week low of $120.21 and a 52 week high of $191.75. The business’s fifty day simple moving average is $161.95 and its 200 day simple moving average is $168.60.

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.