American Institute for Advanced Investment Management LLP Has $718,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

American Institute for Advanced Investment Management LLP decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,329 shares of the information services provider’s stock after selling 120 shares during the period. American Institute for Advanced Investment Management LLP’s holdings in Alphabet were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Denali Advisors LLC grew its stake in shares of Alphabet by 6.0% during the first quarter. Denali Advisors LLC now owns 7,100 shares of the information services provider’s stock worth $1,072,000 after buying an additional 400 shares during the last quarter. KFG Wealth Management LLC grew its position in Alphabet by 30.1% during the 1st quarter. KFG Wealth Management LLC now owns 2,491 shares of the information services provider’s stock worth $376,000 after acquiring an additional 577 shares during the last quarter. BluePath Capital Management LLC increased its holdings in Alphabet by 18.9% in the 1st quarter. BluePath Capital Management LLC now owns 3,569 shares of the information services provider’s stock worth $539,000 after purchasing an additional 568 shares in the last quarter. E&G Advisors LP raised its position in Alphabet by 0.4% in the first quarter. E&G Advisors LP now owns 53,945 shares of the information services provider’s stock valued at $8,142,000 after purchasing an additional 194 shares during the last quarter. Finally, OMNI 360 Wealth Inc. boosted its stake in shares of Alphabet by 5.6% during the first quarter. OMNI 360 Wealth Inc. now owns 1,972 shares of the information services provider’s stock valued at $298,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 2,835 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the sale, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at $4,421,948.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,835 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the sale, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 232,052 shares of company stock worth $38,086,723 over the last quarter. 11.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on GOOGL. Guggenheim lifted their target price on shares of Alphabet from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. TD Securities lifted their price objective on Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Pivotal Research increased their price objective on shares of Alphabet from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Roth Mkm upped their price target on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein raised their target price on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.51.

Alphabet Stock Down 1.2 %

Alphabet stock opened at $169.24 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $2.08 trillion, a P/E ratio of 22.45, a P/E/G ratio of 1.23 and a beta of 1.03. The firm has a 50 day moving average price of $162.49 and a 200-day moving average price of $169.20. Alphabet Inc. has a twelve month low of $127.90 and a twelve month high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $72.85 billion. During the same period in the previous year, the company posted $1.55 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 7.91 EPS for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is presently 10.61%.

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.