Spearhead Capital Advisors LLC acquired a new position in shares of Alphabet Inc (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,518 shares of the information services provider’s stock, valued at approximately $2,635,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Burt Wealth Advisors increased its stake in Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 5 shares in the last quarter. Archford Capital Strategies LLC increased its stake in Alphabet by 400.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after purchasing an additional 832 shares in the last quarter. Almanack Investment Partners LLC. increased its stake in Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 7 shares in the last quarter. Finally, WealthTrust Arizona LLC increased its stake in Alphabet by 134.9% during the 4th quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider’s stock valued at $155,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 34.84% of the company’s stock.

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In related news, Director L John Doerr sold 11,575 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $1,079.99, for a total transaction of $12,500,884.25. Following the completion of the sale, the director now directly owns 3,485 shares in the company, valued at $3,763,765.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $1,048.34, for a total transaction of $39,836.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,709 shares of company stock valued at $53,035,301. 13.92% of the stock is owned by company insiders.

A number of research analysts have issued reports on the stock. Deutsche Bank restated a “buy” rating on shares of Alphabet in a research note on Monday, January 29th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research note on Friday, January 26th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Jefferies Group reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Finally, Atlantic Securities reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-six have issued a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and an average target price of $1,073.56.

Alphabet stock opened at $1,090.88 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11. The firm has a market cap of $762,670.25, a PE ratio of 60.74 and a beta of 1.04. Alphabet Inc has a 52 week low of $803.37 and a 52 week high of $1,186.89.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $10.07 by ($0.37). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The business had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.88 billion. During the same period in the prior year, the business posted $9.36 earnings per share. The business’s quarterly revenue was up 24.0% on a year-over-year basis.

Alphabet announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 1st that authorizes the company to buyback $8.59 billion in shares. This buyback authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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