Avior Wealth Management LLC Has $11.95 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Avior Wealth Management LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,108 shares of the information services provider’s stock after selling 2,537 shares during the quarter. Avior Wealth Management LLC’s holdings in Alphabet were worth $11,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Citizens Financial Group Inc. RI increased its holdings in shares of Alphabet by 98.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 475,925 shares of the information services provider’s stock worth $86,690,000 after acquiring an additional 236,214 shares during the last quarter. City of London Investment Management Co. Ltd. increased its position in shares of Alphabet by 7.8% in the second quarter. City of London Investment Management Co. Ltd. now owns 199,835 shares of the information services provider’s stock worth $36,384,000 after purchasing an additional 14,420 shares during the period. Wulff Hansen & CO. increased its stake in Alphabet by 18,810.2% in the second quarter. Wulff Hansen & CO. now owns 4,434,260 shares of the information services provider’s stock valued at $807,700,000 after acquiring an additional 4,410,811 shares during the last quarter. Luts & Greenleigh Group Inc. bought a new position in Alphabet in the second quarter valued at about $1,391,000. Finally, Lmcg Investments LLC boosted its position in Alphabet by 1.3% in the second quarter. Lmcg Investments LLC now owns 272,392 shares of the information services provider’s stock valued at $49,616,000 after buying an additional 3,366 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $171.42, for a total value of $234,331.14. Following the completion of the sale, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. This trade represents a 4.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This trade represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 122,887 shares of company stock valued at $22,470,464 over the last 90 days. 11.55% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several recent research reports. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Sanford C. Bernstein raised their target price on Alphabet from $180.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Cantor Fitzgerald decreased their price objective on Alphabet from $215.00 to $210.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada lifted their price target on shares of Alphabet from $204.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $209.82.

Alphabet Price Performance

GOOGL opened at $195.30 on Wednesday. Alphabet Inc. has a 52-week low of $130.66 and a 52-week high of $202.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company’s 50-day simple moving average is $186.79 and its two-hundred day simple moving average is $173.61. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 25.90, a P/E/G ratio of 1.27 and a beta of 0.98.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the previous year, the firm posted $1.55 EPS. As a group, analysts predict that Alphabet Inc. will post 8.02 EPS for the current year.

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.