Pecaut & CO. boosted its position in Alphabet Inc (NASDAQ:GOOG) by 2.3% during the 1st quarter, HoldingsChannel reports. The fund owned 7,823 shares of the information services provider’s stock after buying an additional 175 shares during the period. Alphabet makes up 6.0% of Pecaut & CO.’s portfolio, making the stock its 3rd largest holding. Pecaut & CO.’s holdings in Alphabet were worth $9,179,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund lifted its holdings in shares of Alphabet by 102,010.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after purchasing an additional 56,169,241 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Alphabet by 97.8% during the third quarter. Vanguard Group Inc. now owns 43,027,936 shares of the information services provider’s stock worth $51,643,016,000 after acquiring an additional 21,273,995 shares during the period. Trust Asset Management LLC lifted its holdings in Alphabet by 86,154.5% during the third quarter. Trust Asset Management LLC now owns 20,789,054 shares of the information services provider’s stock worth $20,790,000 after acquiring an additional 20,764,952 shares during the period. BlackRock Inc. lifted its holdings in Alphabet by 0.6% during the fourth quarter. BlackRock Inc. now owns 19,618,313 shares of the information services provider’s stock worth $20,316,919,000 after acquiring an additional 125,866 shares during the period. Finally, Lunia Capital LP lifted its holdings in Alphabet by 135,522.5% during the fourth quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock worth $16,870,000 after acquiring an additional 16,857,647 shares during the period. Institutional investors and hedge funds own 33.99% of the company’s stock.

NASDAQ:GOOG traded down $3.42 during trading hours on Friday, reaching $1,085.35. The stock had a trading volume of 1,108,843 shares, compared to its average volume of 1,548,524. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93. Alphabet Inc has a 12-month low of $970.11 and a 12-month high of $1,289.27. The company has a market capitalization of $753.50 billion, a P/E ratio of 22.84, a P/E/G ratio of 1.28 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $10.51 by $1.39. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The business had revenue of $36.34 billion during the quarter, compared to the consensus estimate of $37.36 billion. During the same period last year, the business posted $9.93 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, analysts anticipate that Alphabet Inc will post 48.44 earnings per share for the current year.

In other Alphabet news, CAO Amie Thuener O’toole sold 69 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $1,042.90, for a total value of $71,960.10. Following the completion of the sale, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at $404,645.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 39 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $1,100.00, for a total value of $42,900.00. Following the completion of the sale, the director now directly owns 1,797 shares of the company’s stock, valued at $1,976,700. The disclosure for this sale can be found here. Insiders sold 423 shares of company stock valued at $494,939 over the last three months. Company insiders own 13.11% of the company’s stock.

GOOG has been the topic of a number of recent analyst reports. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Monday, April 29th. Barclays reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,399.00 price target on the stock in a report on Wednesday, April 24th. Oppenheimer dropped their price target on Alphabet from $1,342.00 to $1,435.00 and set an “outperform” rating on the stock in a report on Tuesday, April 30th. Finally, Wedbush reiterated an “outperform” rating on shares of Alphabet in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $1,361.50.

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Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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