Budros Ruhlin & Roe Inc. boosted its stake in Alphabet Inc (NASDAQ:GOOG) by 160.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,298 shares of the information services provider’s stock after purchasing an additional 800 shares during the quarter. Budros Ruhlin & Roe Inc.’s holdings in Alphabet were worth $1,244,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GOOG. Janus Henderson Group PLC boosted its holdings in shares of Alphabet by 759.0% during the 2nd quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock valued at $2,911,734,000 after buying an additional 2,831,099 shares in the last quarter. Koch Industries Inc. boosted its holdings in shares of Alphabet by 214,636.6% during the 2nd quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock valued at $1,160,000 after buying an additional 1,161,184 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Alphabet by 4.8% during the 2nd quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock valued at $16,409,850,000 after buying an additional 826,480 shares in the last quarter. Capital World Investors boosted its holdings in shares of Alphabet by 13.9% during the 2nd quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock valued at $5,789,842,000 after buying an additional 776,853 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Alphabet by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock valued at $18,574,476,000 after buying an additional 589,654 shares in the last quarter. Institutional investors and hedge funds own 34.64% of the company’s stock.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $1,018.01, for a total value of $4,072,040.00. Following the completion of the transaction, the chief executive officer now directly owns 967 shares in the company, valued at approximately $984,415.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the transaction, the director now owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The disclosure for this sale can be found here. Insiders sold a total of 37,981 shares of company stock valued at $39,624,577 over the last three months. 13.92% of the stock is currently owned by insiders.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,037.78 on Monday. The stock has a market cap of $724,120.00, a P/E ratio of 57.78 and a beta of 1.01. Alphabet Inc has a fifty-two week low of $803.37 and a fifty-two week high of $1,186.89. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03.

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

Alphabet declared that its board has authorized a stock buyback program on Thursday, February 1st that allows the company to repurchase $8.59 billion in shares. This repurchase authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

A number of analysts have recently commented on the stock. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,054.53 target price on the stock in a report on Monday. TheStreet cut shares of Alphabet from an “a” rating to a “c+” rating in a report on Thursday, February 1st. BidaskClub cut shares of Alphabet from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 target price on the stock. in a report on Friday, February 2nd. Finally, Piper Jaffray Companies restated an “overweight” rating on shares of Alphabet in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $1,061.93.

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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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