International Value Advisers LLC decreased its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 0.8% during the third quarter, HoldingsChannel.com reports. The fund owned 73,025 shares of the information services provider’s stock after selling 562 shares during the quarter. Alphabet comprises about 2.1% of International Value Advisers LLC’s investment portfolio, making the stock its 17th biggest holding. International Value Advisers LLC’s holdings in Alphabet were worth $70,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of GOOG. Janus Henderson Group PLC raised its holdings in 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 acquiring an additional 2,831,099 shares during the period. Koch Industries Inc. raised its holdings in 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 acquiring an additional 1,161,184 shares during the period. BlackRock Inc. raised its holdings in 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 acquiring an additional 826,480 shares during the period. Capital World Investors raised its holdings in 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 acquiring an additional 776,853 shares during the period. Finally, Vanguard Group Inc. raised its holdings in 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 acquiring an additional 589,654 shares during the period. 34.46% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Inc (NASDAQ GOOG) opened at $1,052.10 on Wednesday. Alphabet Inc has a 1 year low of $803.37 and a 1 year high of $1,186.89. The stock has a market cap of $730,870.00, a price-to-earnings ratio of 32.86 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.88 billion. During the same quarter last year, the firm posted $9.36 earnings per share. The firm’s revenue was up 24.0% on a year-over-year basis.

Alphabet announced that its board has initiated a stock repurchase plan on Thursday, February 1st that allows the company to buyback $8.59 billion in shares. This buyback authorization allows 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 leadership believes its stock is undervalued.

In other Alphabet news, Director Ann Mather sold 38 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $1,015.80, for a total transaction of $38,600.40. Following the completion of the sale, the director now directly owns 1,813 shares in the company, valued at $1,841,645.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $1,002.86, for a total transaction of $4,011,440.00. Following the sale, the chief executive officer now owns 1,178 shares of the company’s stock, valued at $1,181,369.08. The disclosure for this sale can be found here. Insiders sold 27,435 shares of company stock valued at $29,030,612 over the last quarter. 13.92% of the stock is owned by company insiders.

A number of equities research analysts have issued reports on GOOG shares. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a report on Friday, January 26th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Jefferies Group reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, February 2nd. Finally, Societe Generale reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target 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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