AA Financial Advisors LLC Has $1.51 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

AA Financial Advisors LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,100 shares of the information services provider’s stock after selling 181 shares during the quarter. AA Financial Advisors LLC’s holdings in Alphabet were worth $1,509,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its stake in shares of Alphabet by 75.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after buying an additional 60 shares during the last quarter. Kings Path Partners LLC acquired a new stake in shares of Alphabet during the 2nd quarter worth about $36,000. Tributary Capital Management LLC acquired a new stake in shares of Alphabet during the 1st quarter worth about $30,000. Denver PWM LLC acquired a new stake in shares of Alphabet during the 2nd quarter worth about $41,000. Finally, Quarry LP acquired a new stake in shares of Alphabet during the 2nd quarter worth about $53,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on GOOGL shares. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Alphabet in a research note on Tuesday, October 15th. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, October 11th. Wolfe Research started coverage on shares of Alphabet in a research report on Tuesday, July 16th. They set an “outperform” rating and a $240.00 price target on the stock. UBS Group raised their price target on shares of Alphabet from $200.00 to $204.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $206.00 price target on shares of Alphabet in a research report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.76.

Alphabet Stock Up 1.8 %

NASDAQ:GOOGL opened at $169.68 on Wednesday. The firm’s 50 day simple moving average is $162.00 and its 200 day simple moving average is $168.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet Inc. has a one year low of $122.68 and a one year high of $191.75. The company has a market cap of $2.10 trillion, a PE ratio of 26.02, a P/E/G ratio of 1.27 and a beta of 1.04.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,426 shares of company stock worth $35,993,340. Company insiders own 11.55% of the company’s stock.

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.