Alphabet Inc. (NASDAQ:GOOG) Holdings Trimmed by Aurora Investment Managers LLC.

Aurora Investment Managers LLC. trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,257 shares of the information services provider’s stock after selling 1,571 shares during the period. Alphabet makes up about 2.6% of Aurora Investment Managers LLC.’s holdings, making the stock its 10th biggest position. Aurora Investment Managers LLC.’s holdings in Alphabet were worth $4,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Royal Capital Wealth Management LLC lifted its holdings in Alphabet by 2.7% in the second quarter. Royal Capital Wealth Management LLC now owns 13,985 shares of the information services provider’s stock valued at $2,565,000 after acquiring an additional 370 shares during the period. Wescott Financial Advisory Group LLC lifted its holdings in Alphabet by 22.4% in the second quarter. Wescott Financial Advisory Group LLC now owns 1,754 shares of the information services provider’s stock valued at $322,000 after acquiring an additional 321 shares during the period. Troluce Capital Advisors LLC acquired a new stake in Alphabet in the second quarter valued at $9,171,000. Kingfisher Capital LLC lifted its holdings in Alphabet by 4.6% in the second quarter. Kingfisher Capital LLC now owns 11,154 shares of the information services provider’s stock valued at $2,046,000 after acquiring an additional 494 shares during the period. Finally, NBW Capital LLC acquired a new stake in Alphabet in the second quarter valued at $210,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Up 0.2 %

GOOG opened at $200.03 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a market capitalization of $2.45 trillion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.25 and a beta of 0.99. The business has a 50-day moving average of $186.56 and a two-hundred day moving average of $174.89. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $203.84.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 EPS. On average, research analysts expect that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 10.61%.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. The trade was a 1.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the sale, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock worth $24,368,654 in the last 90 days. 12.99% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on GOOG. Wells Fargo & Company raised their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Canaccord Genuity Group lifted their price target on Alphabet from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Scotiabank began coverage on Alphabet in a research note on Friday, October 11th. They set a “sector outperform” rating and a $212.00 price target for the company. Phillip Securities raised Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Finally, UBS Group lifted their price target on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $200.56.

About Alphabet

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.