Avior Wealth Management LLC Boosts Holdings in Alphabet Inc. (NASDAQ:GOOG)

Avior Wealth Management LLC grew its position in Alphabet Inc. (NASDAQ:GOOG) by 30.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,886 shares of the information services provider’s stock after purchasing an additional 6,211 shares during the quarter. Avior Wealth Management LLC’s holdings in Alphabet were worth $4,094,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GOOG. Bruce G. Allen Investments LLC purchased a new position in shares of Alphabet in the fourth quarter worth $26,000. Partnership Wealth Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $26,000. Equitec Proprietary Markets LLC purchased a new position in Alphabet in the 4th quarter worth $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in Alphabet during the 4th quarter worth about $32,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in Alphabet during the 4th quarter valued at about $34,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 800 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the sale, the director now directly owns 7,991 shares in the company, valued at $1,275,043.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total transaction of $4,201,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,227,385 shares in the company, valued at approximately $415,941,874.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the transaction, the director now directly owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 146,288 shares of company stock worth $25,345,053. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of NASDAQ:GOOG traded up $4.57 during trading on Friday, hitting $191.96. 14,303,361 shares of the stock traded hands, compared to its average volume of 15,944,221. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $176.95 and a two-hundred day moving average price of $157.38. Alphabet Inc. has a 52-week low of $115.83 and a 52-week high of $192.26. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.41 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The company had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same quarter in the previous year, the company earned $1.17 earnings per share. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, equities analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Announces Dividend

The firm also recently declared a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were issued a $0.20 dividend. The ex-dividend date was Monday, June 10th. Alphabet’s payout ratio is 12.27%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Oppenheimer raised their price objective on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Stifel Nicolaus upped their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective on the stock. in a research note on Friday, June 28th. Finally, Morgan Stanley restated an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.86.

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.