Biltmore Family Office LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 790 shares of the information services provider’s stock, valued at approximately $827,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GOOG. Stuart Chaussee & Associates Inc. increased 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 worth $105,000 after buying an additional 52 shares during the period. Price Wealth Management Inc. acquired a new position in Alphabet in the 4th quarter worth approximately $125,000. Signature Estate & Investment Advisors LLC acquired a new position in Alphabet in the 4th quarter worth approximately $132,000. WealthShield LLC acquired a new position in Alphabet in the 4th quarter worth approximately $144,000. Finally, Earnest Partners LLC acquired a new position in Alphabet in the 4th quarter worth approximately $148,000. Hedge funds and other institutional investors own 34.25% of the company’s stock.

Shares of Alphabet opened at $1,084.99 on Friday, Marketbeat Ratings reports. Alphabet Inc. has a 1 year low of $894.79 and a 1 year high of $1,186.89. The company has a market cap of $736.86 billion, a PE ratio of 33.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.85 and a current ratio of 4.87.

Alphabet (NASDAQ:GOOG) last announced its earnings results 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. Alphabet had a return on equity of 15.58% and a net margin of 14.19%. The firm had revenue of $31.15 billion for the quarter, compared to analyst estimates of $30.28 billion. During the same quarter last year, the firm posted $7.73 EPS. The business’s revenue was up 25.8% on a year-over-year basis.

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

GOOG has been the topic of several research reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a report on Friday, February 2nd. Jefferies Group reiterated a “buy” rating on shares of Alphabet in a report on Friday, February 2nd. Stifel Nicolaus reiterated a “neutral” rating on shares of Alphabet in a report on Friday, February 2nd. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a report on Friday, February 2nd. Finally, Morningstar reaffirmed a “neutral” rating on shares of Alphabet in a research note on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,128.30.

In other Alphabet news, Director L John Doerr sold 11,563 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $1,081.12, for a total value of $12,500,990.56. Following the transaction, the director now owns 3,485 shares in the company, valued at approximately $3,767,703.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $993.80, for a total value of $3,975,200.00. Following the completion of the transaction, the chief executive officer now owns 940 shares in the company, valued at approximately $934,172. The disclosure for this sale can be found here. Insiders have sold a total of 53,174 shares of company stock worth $57,281,284 in the last quarter. Insiders own 13.11% of the company’s stock.

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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