Aaron Wealth Advisors LLC buys 1,813 shares of Alphabet Inc. (NASDAQ:GOOGL)

Aaron Wealth Advisors LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 7.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 26,551 shares of the information services provider’s stock after acquiring an additional 1,813 shares during the period. Alphabet comprises about 0.7% of Aaron Wealth Advisors LLC’s portfolio, making the stock its 22nd largest position. Aaron Wealth Advisors LLC’s holdings in Alphabet were worth $4,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOGL. Vanguard Group Inc. boosted its stake in shares of Alphabet by 0.8% in the first quarter. Vanguard Group Inc. now owns 497,874,324 shares of the information services provider’s stock worth $75,144,172,000 after buying an additional 4,064,073 shares in the last quarter. Norges Bank acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $15,441,917,000. Capital Research Global Investors raised its stake in shares of Alphabet by 14.4% in the first quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider’s stock worth $8,724,251,000 after buying an additional 7,275,757 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Alphabet by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 45,220,857 shares of the information services provider’s stock worth $6,316,902,000 after purchasing an additional 1,472,043 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of Alphabet by 1.7% in the first quarter. Capital World Investors now owns 35,412,299 shares of the information services provider’s stock worth $5,344,778,000 after purchasing an additional 597,756 shares in the last quarter. 40.03% of shares are owned by institutional investors.

Alphabet stock fell 0.9%

GOOGL opened at $164.68 on Wednesday. The stock has a market cap of $2.04 trillion, a PE ratio of 25.26, a P/E/G ratio of 1.28 and a beta of 1.05. 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. it has a 52-week low of $120.21 and a 52-week high of $191.75. The company’s fifty-day simple moving average is $174.51, and its 200-day simple moving average is $163.44.

Alphabet (NASDAQ:GOOGL – Get Your Free Report ) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The business had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $70.60 billion. In the same quarter last year, the company earned $1.44 per share. As a group, research analysts expect Alphabet Inc. to post 7.62 earnings per share for the current fiscal year.

Alphabetical announcement of dividends

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, September 9. This represents an annualized dividend of $0.80 and a yield of 0.49%. Alphabet’s payout ratio is 12.27%.

Analysts on Wall Street are forecasting an increase

A number of brokerages recently weighed in on GOOGL. Roth Mkm upped their target price on Alphabet from $202.00 to $206.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on Alphabet from $200.00 to $208.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Morgan Stanley boosted their price objective on Alphabet from $195.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $196.00 price objective on shares of Alphabet in a research note on Wednesday, May 15th. Finally, Tigress Financial upped their price objective on Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Friday, May 24th. Six research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and an average price target of $203.74, based on data from MarketBeat.

Get the latest stock report on Alphabet

Insider buying and selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $176.58, for a total transaction of $3,973,050.00. Following the completion of the sale, the chief executive officer now directly owns 2,235,511 shares in the company, valued at $394,746,532.38. The transaction was disclosed in a filing with the SEC, which is accessible via this link. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $176.58, for a total transaction of $3,973,050.00. Following the completion of the sale, the chief executive officer now directly owns 2,235,511 shares in the company, valued at $394,746,532.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $173.86, for a total transaction of $118,572.52. Following the sale, the chief accounting officer now owns 29,966 shares of the company’s stock, valued at $5,209,888.76. The disclosure for this sale can be found here. Insiders have sold a total of 156,565 shares of company stock worth $26,823,893 over the last three months. Company insiders own 11.55% of the company’s shares.

About Alphabet

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Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It works through Google services, Google Cloud and other betting segments. The Google Services segment offers products and services, including advertising, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.

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