Advisory Research Inc. Has $495,000 Holdings in Alphabet Inc. (GOOGL)

Advisory Research Inc. cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 12.1% in the 4th quarter, Holdings Channel reports. The fund owned 470 shares of the information services provider’s stock after selling 65 shares during the period. Advisory Research Inc.’s holdings in Alphabet were worth $495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Alphabet by 4.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 44,918 shares of the information services provider’s stock worth $43,738,000 after buying an additional 1,814 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in shares of Alphabet by 61.4% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 207,021 shares of the information services provider’s stock worth $201,580,000 after buying an additional 78,745 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Alphabet by 1.0% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 49,051 shares of the information services provider’s stock worth $47,762,000 after buying an additional 498 shares during the last quarter. Legacy Advisors LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth $225,000. Finally, State of Wisconsin Investment Board increased its holdings in shares of Alphabet by 68.2% during the 3rd quarter. State of Wisconsin Investment Board now owns 708,458 shares of the information services provider’s stock worth $689,840,000 after buying an additional 287,287 shares during the last quarter. Institutional investors own 34.46% of the company’s stock.

Shares of Alphabet opened at $1,103.38 on Friday, Marketbeat.com reports. 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 Inc. has a one year low of $1,097.53 and a one year high of $1,109.01. The stock has a market cap of $756.76 billion, a PE ratio of 34.43, a P/E/G ratio of 1.55 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, April 23rd. The information services provider reported $9.93 EPS for the quarter, topping the consensus estimate of $9.21 by $0.72. Alphabet had a net margin of 14.19% and a return on equity of 15.58%. The business had revenue of $24.86 billion for the quarter, compared to analysts’ expectations of $24.20 billion. During the same quarter last year, the company posted $7.73 earnings per share. analysts anticipate that Alphabet Inc. will post 40.75 EPS for the current year.

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

GOOGL has been the subject of a number of research reports. William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research report on Thursday, February 1st. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,243.88 price target for the company in a research report on Monday, February 5th. Canaccord Genuity reaffirmed a “hold” rating on shares of Alphabet in a research report on Tuesday, April 24th. Finally, Stifel Nicolaus cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 price target for the company. in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,201.19.

Alphabet Company 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:GOOGL)

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