Sheaff Brock Investment Advisors LLC Has $3.13 Million Holdings in Alphabet Inc (GOOG)

Sheaff Brock Investment Advisors LLC lowered its position in Alphabet Inc (NASDAQ:GOOG) by 3.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,267 shares of the information services provider’s stock after selling 102 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Alphabet were worth $3,133,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Burt Wealth Advisors increased its stake in shares of Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after purchasing an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in shares of Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after purchasing an additional 5 shares in the last quarter. Almanack Investment Partners LLC. increased its stake in shares of Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after purchasing an additional 7 shares in the last quarter. Catamount Wealth Management increased its stake in shares of Alphabet by 5.8% during the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after purchasing an additional 10 shares in the last quarter. Finally, CWH Capital Management Inc. increased its stake in shares of Alphabet by 8.5% during the second quarter. CWH Capital Management Inc. now owns 192 shares of the information services provider’s stock worth $174,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 34.46% of the company’s stock.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,094.80 on Friday. Alphabet Inc has a one year low of $803.37 and a one year high of $1,186.89. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03. The firm has a market cap of $756,980.00, a P/E ratio of 34.04 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the consensus estimate of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.88 billion. During the same period last year, the company earned $9.36 EPS. The business’s quarterly revenue was up 24.0% on a year-over-year basis.

Alphabet declared that its Board of Directors has approved a stock repurchase program 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

In other news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $1,002.86, for a total value of $4,011,440.00. Following the completion of the sale, the chief executive officer now owns 1,178 shares of the company’s stock, valued at approximately $1,181,369.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 38 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $1,015.80, for a total transaction of $38,600.40. Following the completion of the sale, the director now directly owns 1,813 shares of the company’s stock, valued at approximately $1,841,645.40. The disclosure for this sale can be found here. In the last three months, insiders sold 39,010 shares of company stock valued at $41,531,496. Corporate insiders own 13.92% of the company’s stock.

A number of analysts have recently commented on the stock. Deutsche Bank reissued a “buy” rating on shares of Alphabet in a research note on Monday, January 29th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research note on Friday, January 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Jefferies Group reissued a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Finally, Atlantic Securities reissued a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,064.49.

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Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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