Stockman Wealth Management Inc. increased its position in shares of Alphabet Inc (NASDAQ:GOOG) by 5.2% during the 4th quarter, Holdings Channel reports. The firm owned 323 shares of the information services provider’s stock after purchasing an additional 16 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Alphabet were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its stake in Alphabet by 102,010.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after acquiring an additional 56,169,241 shares during the last quarter. Vanguard Group Inc. boosted its stake in Alphabet by 97.8% in the third quarter. Vanguard Group Inc. now owns 43,027,936 shares of the information services provider’s stock valued at $51,643,016,000 after acquiring an additional 21,273,995 shares during the last quarter. Trust Asset Management LLC boosted its stake in Alphabet by 86,154.5% in the third quarter. Trust Asset Management LLC now owns 20,789,054 shares of the information services provider’s stock valued at $20,790,000 after acquiring an additional 20,764,952 shares during the last quarter. Capital International Investors boosted its stake in Alphabet by 587.2% in the third quarter. Capital International Investors now owns 3,885,216 shares of the information services provider’s stock valued at $4,636,889,000 after acquiring an additional 3,319,821 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in Alphabet by 120,025.4% in the third quarter. Rehmann Capital Advisory Group now owns 3,013,947 shares of the information services provider’s stock valued at $1,134,577,000 after acquiring an additional 3,011,438 shares during the last quarter. Institutional investors and hedge funds own 33.97% of the company’s stock.

Alphabet stock opened at $1,036.23 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96. The company has a market cap of $766.19 billion, a P/E ratio of 21.81, a PEG ratio of 1.30 and a beta of 1.03. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,289.27.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $10.51 by $1.39. The business had revenue of $36.34 billion for the quarter, compared to analyst estimates of $37.36 billion. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. Alphabet’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.93 EPS. Research analysts expect that Alphabet Inc will post 48.44 EPS for the current year.

In other Alphabet news, VP Amie Thuener O’toole sold 73 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $1,167.74, for a total value of $85,245.02. Following the completion of the transaction, the vice president now owns 388 shares of the company’s stock, valued at approximately $453,083.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ann Mather sold 39 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $1,182.00, for a total transaction of $46,098.00. Following the completion of the transaction, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $2,124,054. The disclosure for this sale can be found here. Insiders have sold a total of 690 shares of company stock worth $830,078 in the last ninety days. 13.11% of the stock is currently owned by insiders.

A number of research analysts have weighed in on GOOG shares. Credit Suisse Group reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. Deutsche Bank reiterated a “buy” rating and issued a $1,380.00 target price (up from $1,300.00) on shares of Alphabet in a research note on Tuesday, February 5th. UBS Group reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $1,361.50.

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About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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