Public Employees Retirement System of Ohio boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 237,765 shares of the information services provider’s stock after acquiring an additional 1,121 shares during the period. Alphabet makes up about 1.2% of Public Employees Retirement System of Ohio’s portfolio, making the stock its 10th largest position. Public Employees Retirement System of Ohio’s holdings in Alphabet were worth $248,797,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Stuart Chaussee & Associates Inc. raised its holdings in Alphabet by 108.3% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 100 shares of the information services provider’s stock valued at $105,000 after acquiring an additional 52 shares during the period. Signature Estate & Investment Advisors LLC raised its holdings in Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the period. Price Wealth Management Inc. bought a new position in Alphabet in the 4th quarter valued at about $125,000. Almanack Investment Partners LLC. raised its holdings in Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 7 shares during the period. Finally, WealthTrust Arizona LLC raised its holdings in Alphabet by 134.9% in the 4th quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider’s stock valued at $155,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 34.81% of the company’s stock.

In other Alphabet news, VP James Grier Campbell sold 238 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $1,162.61, for a total value of $276,701.18. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP David C. Drummond sold 5,690 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $1,052.50, for a total transaction of $5,988,725.00. Following the completion of the sale, the senior vice president now owns 2,897 shares in the company, valued at approximately $3,049,092.50. The disclosure for this sale can be found here. Insiders sold 54,410 shares of company stock worth $58,408,136 in the last 90 days. Company insiders own 13.92% of the company’s stock.

Shares of NASDAQ:GOOG opened at $1,030.05 on Friday. The company has a market capitalization of $709,498.50, a P/E ratio of 32.14 and a beta of 1.08. The company has a current ratio of 4.87, a quick ratio of 5.11 and a debt-to-equity ratio of 0.02. Alphabet Inc. has a 1 year low of $894.79 and a 1 year high of $1,186.89.

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

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

Several research firms have weighed in on GOOG. 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 “buy” rating to a “hold” rating in a report on Friday. Oppenheimer increased their price target on shares of Alphabet from $1,340.00 to $1,350.00 and gave the company an “outperform” rating in a report on Tuesday. Deutsche Bank reissued a “buy” rating and issued a $1,225.00 price target on shares of Alphabet in a report on Tuesday. Finally, Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a report on Friday, April 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-three have given a buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and an average price target of $1,112.47.

Alphabet 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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