Signaturefd LLC Has $1.12 Million Stake in Alphabet Inc. (GOOG)

Signaturefd LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,069 shares of the information services provider’s stock after acquiring an additional 98 shares during the period. Signaturefd LLC’s holdings in Alphabet were worth $1,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. BlackRock Inc. lifted its stake in Alphabet by 0.4% in the 4th quarter. BlackRock Inc. now owns 18,718,488 shares of the information services provider’s stock valued at $19,587,026,000 after purchasing an additional 71,862 shares during the last quarter. Geode Capital Management LLC lifted its stake in Alphabet by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 3,357,642 shares of the information services provider’s stock valued at $3,506,398,000 after purchasing an additional 105,985 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Alphabet by 0.7% in the 4th quarter. Alliancebernstein L.P. now owns 3,228,459 shares of the information services provider’s stock valued at $3,378,260,000 after purchasing an additional 23,200 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Alphabet by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 3,213,342 shares of the information services provider’s stock valued at $3,081,757,000 after purchasing an additional 9,255 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Alphabet by 11.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,012,145 shares of the information services provider’s stock valued at $2,105,510,000 after purchasing an additional 202,288 shares during the last quarter. Institutional investors own 34.25% of the company’s stock.

In other news, CEO Sundar Pichai sold 4,000 shares of the firm’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 transaction of $3,975,200.00. Following the transaction, the chief executive officer now directly owns 940 shares of the company’s stock, valued at $934,172. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 37 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $1,107.87, for a total transaction of $40,991.19. The disclosure for this sale can be found here. Insiders have sold 57,211 shares of company stock worth $61,748,995 over the last ninety days. Insiders own 13.11% of the company’s stock.

Several equities research analysts recently issued reports on GOOG shares. TheStreet upgraded shares of Alphabet from a “c+” rating to an “a-” rating in a research note on Monday, April 23rd. Deutsche Bank reiterated a “buy” rating on shares of Alphabet in a research note on Monday, January 29th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research note on Friday, January 26th. Goldman Sachs reiterated a “buy” rating on shares of Alphabet in a research note on Thursday, January 25th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $1,130.86.

Shares of Alphabet opened at $1,079.58 on Tuesday, according to MarketBeat Ratings. Alphabet Inc. has a 12 month low of $894.79 and a 12 month high of $1,186.89. The company has a market cap of $741.06 billion, a PE ratio of 33.68 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $9.28 by $0.65. Alphabet had a net margin of 14.19% and a return on equity of 15.58%. The company had revenue of $31.15 billion for the quarter, compared to analysts’ expectations of $30.28 billion. During the same period last year, the firm earned $7.73 earnings per share. The business’s revenue for the quarter was up 25.8% on a year-over-year basis.

Alphabet declared that its Board of Directors has approved a stock buyback program on Thursday, February 1st that allows the company to buyback $8.59 billion in outstanding shares. This buyback authorization allows the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

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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