First National Bank of Omaha lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,851 shares of the information services provider’s stock after selling 68 shares during the period. First National Bank of Omaha’s holdings in Alphabet were worth $9,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. Koch Industries Inc. increased its stake in shares of Alphabet by 181,219.4% in the second quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider’s stock worth $1,085,000 after acquiring an additional 1,085,504 shares during the period. Vanguard Group Inc. increased its stake in shares of Alphabet by 3.3% in the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock worth $19,123,960,000 after acquiring an additional 662,279 shares during the period. BlackRock Inc. increased its stake in shares of Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock worth $17,323,595,000 after acquiring an additional 567,337 shares during the period. FMR LLC increased its stake in shares of Alphabet by 2.1% in the second quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock worth $16,406,366,000 after acquiring an additional 367,634 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in shares of Alphabet by 68.2% in the third quarter. State of Wisconsin Investment Board now owns 708,458 shares of the information services provider’s stock worth $689,840,000 after acquiring an additional 287,287 shares during the period. 34.41% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Alphabet in a research note on Thursday, February 1st. KeyCorp reiterated an “overweight” rating and issued a $1,230.00 price objective (down previously from $1,280.00) on shares of Alphabet in a research note on Tuesday. Monness Crespi & Hardt reiterated a “buy” rating and issued a $1,306.00 price objective (up previously from $1,280.00) on shares of Alphabet in a research note on Tuesday. TheStreet upgraded shares of Alphabet from a “c+” rating to an “a-” rating in a research note on Monday, April 23rd. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Alphabet in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-eight have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $1,189.28.

Shares of NASDAQ GOOGL opened at $1,031.45 on Friday. Alphabet Inc. has a 52-week low of $915.31 and a 52-week high of $1,198.00. The stock has a market capitalization of $710,756.06, a PE ratio of 32.18, a P/E/G ratio of 1.46 and a beta of 1.05. 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 (NASDAQ:GOOGL) last announced its earnings results on Monday, April 23rd. The information services provider reported $9.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $9.21 by $0.72. Alphabet had a net margin of 14.19% and a return on equity of 15.58%. The business had revenue of $24.86 billion for the quarter, compared to analyst estimates of $24.20 billion. During the same quarter last year, the business earned $7.73 earnings per share. research analysts predict that Alphabet Inc. will post 40.84 earnings per share for the current fiscal year.

Alphabet announced that its Board of Directors has initiated a stock buyback 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Alphabet

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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