Nisa Investment Advisors LLC Increases Holdings in Alphabet Inc (GOOG)

Nisa Investment Advisors LLC raised its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,861 shares of the information services provider’s stock after purchasing an additional 229 shares during the quarter. Alphabet makes up 1.1% of Nisa Investment Advisors LLC’s holdings, making the stock its 11th biggest position. Nisa Investment Advisors LLC’s holdings in Alphabet were worth $102,395,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Capital Advantage Inc. increased its position in Alphabet by 0.4% during the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after buying an additional 1 shares during the period. First National Trust Co. increased its position in Alphabet by 0.4% during the 2nd quarter. First National Trust Co. now owns 713 shares of the information services provider’s stock worth $647,000 after buying an additional 3 shares during the period. Marathon Capital Management increased its position in Alphabet by 1.2% during the 2nd quarter. Marathon Capital Management now owns 436 shares of the information services provider’s stock worth $396,000 after buying an additional 5 shares during the period. Blue Edge Capital LLC increased its position in Alphabet by 0.6% during the 2nd quarter. Blue Edge Capital LLC now owns 908 shares of the information services provider’s stock worth $825,000 after buying an additional 5 shares during the period. Finally, Signature Estate & Investment Advisors LLC increased its position in Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after buying an additional 5 shares during the period. 34.51% of the stock is owned by institutional investors and hedge funds.

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Shares of Alphabet Inc (NASDAQ GOOG) opened at $1,160.04 on Friday. Alphabet Inc has a 12 month low of $803.37 and a 12 month high of $1,186.89. The company has a market capitalization of $782,325.69, a PE ratio of 64.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $31.88 billion. During the same period in the previous year, the business posted $9.36 earnings per share. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year.

Alphabet declared that its board has approved a share buyback 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 purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

GOOG has been the topic of several recent research reports. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research report on Friday, January 26th. Jefferies Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, February 2nd. Vetr cut Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 price objective on the stock. in a research report on Thursday, December 7th. BidaskClub cut Alphabet from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 5th. Finally, TheStreet cut Alphabet from an “a” rating to a “c+” rating in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,066.61.

In other news, Director Ann Mather sold 38 shares of Alphabet stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $1,048.34, for a total transaction of $39,836.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $1,089.48, for a total value of $4,357,920.00. Following the sale, the chief executive officer now directly owns 953 shares in the company, valued at $1,038,274.44. The disclosure for this sale can be found here. Insiders have sold 43,019 shares of company stock worth $46,329,334 over the last three months. Insiders own 13.92% of the company’s stock.

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About Alphabet

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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