Budros Ruhlin & Roe Inc. lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 23.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 998 shares of the information services provider’s stock after selling 300 shares during the period. Budros Ruhlin & Roe Inc.’s holdings in Alphabet were worth $1,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stuart Chaussee & Associates Inc. lifted its holdings in shares of Alphabet by 108.3% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 100 shares of the information services provider’s stock worth $105,000 after acquiring an additional 52 shares during the period. Price Wealth Management Inc. bought a new stake in shares of Alphabet during the 4th quarter worth approximately $125,000. Signature Estate & Investment Advisors LLC bought a new stake in shares of Alphabet during the 4th quarter worth approximately $132,000. WealthTrust Arizona LLC lifted its holdings in shares of Alphabet by 134.9% during the 4th quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider’s stock worth $155,000 after acquiring an additional 85 shares during the period. Finally, Front Row Advisors LLC acquired a new position in Alphabet during the 4th quarter worth approximately $155,000. 34.78% of the stock is owned by hedge funds and other institutional investors.

GOOG has been the subject of a number of research analyst reports. Morningstar reiterated a “neutral” rating on shares of Alphabet in a research report on Friday, January 19th. Vetr upgraded shares of Alphabet from a “strong sell” rating to a “sell” rating and set a $1,040.56 price objective for the company in a research report on Tuesday, January 30th. BidaskClub cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Saturday, April 7th. Jefferies Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, February 2nd. Finally, Pivotal Research lowered their price objective on shares of Alphabet from $1,110.00 to $1,040.00 and set a “hold” rating for the company in a research report on Monday, April 2nd. Five analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,130.86.

In other news, Director L John Doerr sold 11,563 shares of the stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $1,081.12, for a total transaction of $12,500,990.56. Following the completion of the sale, the director now directly owns 3,485 shares in the company, valued at $3,767,703.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ann Mather sold 37 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $1,107.87, for a total transaction of $40,991.19. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,211 shares of company stock valued at $61,748,995. 13.92% of the stock is currently owned by corporate insiders.

GOOG opened at $1,081.77 on Thursday. Alphabet Inc. has a twelve month low of $1,076.38 and a twelve month high of $1,088.16. The company has a quick ratio of 4.85, a current ratio of 4.87 and a debt-to-equity ratio of 0.02. The firm has a market cap of $764.58 billion, a PE ratio of 33.75 and a beta of 1.09.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, April 23rd. The information services provider reported $9.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $9.28 by $0.65. Alphabet had a net margin of 14.19% and a return on equity of 15.58%. The company had revenue of $31.15 billion during the quarter, compared to analysts’ expectations of $30.28 billion. During the same period in the prior year, the company posted $7.73 earnings per share. Alphabet’s revenue for the quarter was up 25.8% compared to the same quarter last year.

Alphabet declared that its Board of Directors has initiated a stock buyback program on Thursday, February 1st that authorizes the company to buyback $8.59 billion in outstanding shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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