Weil Company Inc. acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 977 shares of the information services provider’s stock, valued at approximately $1,022,000. Alphabet comprises approximately 0.9% of Weil Company Inc.’s portfolio, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stuart Chaussee & Associates Inc. grew its holdings in shares of Alphabet by 108.3% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 100 shares of the information services provider’s stock worth $105,000 after purchasing an additional 52 shares during the period. Price Wealth Management Inc. purchased a new stake in shares of Alphabet during the 4th quarter worth about $125,000. Signature Estate & Investment Advisors LLC purchased a new stake in shares of Alphabet during the 4th quarter worth about $132,000. WealthShield LLC purchased a new stake in shares of Alphabet during the 4th quarter worth about $144,000. Finally, WealthTrust Arizona LLC grew its holdings in shares of Alphabet by 134.9% during the 4th quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider’s stock worth $155,000 after purchasing an additional 85 shares during the period. 34.25% of the stock is owned by institutional investors.

Shares of Alphabet opened at $1,075.66 on Friday, according to MarketBeat. Alphabet Inc. has a 52-week low of $894.79 and a 52-week high of $1,186.89. The company has a market capitalization of $747.52 billion, a price-to-earnings ratio of 31.44 and a beta of 1.09. The company has a current ratio of 4.87, a quick ratio of 4.85 and a debt-to-equity ratio of 0.02.

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 the Zacks’ consensus estimate of $9.28 by $0.65. Alphabet had a return on equity of 15.58% and a net margin of 14.19%. The company had revenue of $31.15 billion for the quarter, compared to analyst estimates of $30.28 billion. During the same period in the prior year, the company posted $7.73 EPS. Alphabet’s quarterly revenue was up 25.8% on a year-over-year basis.

Alphabet announced that its board has initiated a stock buyback plan on Thursday, February 1st that permits the company to buyback $8.59 billion in outstanding shares. This buyback authorization permits the information services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

A number of analysts have recently issued reports on GOOG shares. Vetr upgraded Alphabet from a “strong sell” rating to a “sell” rating and set a $1,040.56 target price for the company in a report on Tuesday, January 30th. BidaskClub cut Alphabet from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Jefferies Group reiterated a “buy” rating on shares of Alphabet in a report on Friday, February 2nd. Deutsche Bank reiterated a “buy” rating and set a $1,225.00 target price on shares of Alphabet in a report on Tuesday, April 24th. Finally, Pivotal Research decreased their target price on Alphabet from $1,110.00 to $1,040.00 and set a “hold” rating for the company in a report on Monday, April 2nd. Six analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $1,130.86.

In related news, Director L John Doerr sold 11,563 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $1,081.12, for a total transaction of $12,500,990.56. Following the sale, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,767,703.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 940 shares in the company, valued at $934,172. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,211 shares of company stock worth $57,322,275. 13.11% of the stock is currently owned by corporate insiders.

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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