Oak Associates Ltd. OH Grows Position in Alphabet Inc (GOOG)

Oak Associates Ltd. OH boosted its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,545 shares of the information services provider’s stock after purchasing an additional 1,079 shares during the quarter. Alphabet comprises about 4.6% of Oak Associates Ltd. OH’s investment portfolio, making the stock its largest position. Oak Associates Ltd. OH’s holdings in Alphabet were worth $60,471,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Burt Wealth Advisors raised its stake in shares of Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the period. Signature Estate & Investment Advisors LLC raised its stake in shares of Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the period. Archford Capital Strategies LLC raised its stake in shares of Alphabet by 400.0% in the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after acquiring an additional 832 shares during the period. Almanack Investment Partners LLC. raised its stake in shares of Alphabet by 4.5% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 7 shares during the period. Finally, St. Johns Investment Management Company LLC raised its stake in shares of Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 157 shares during the period. 34.74% of the stock is currently owned by institutional investors.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $924.36, for a total transaction of $3,697,440.00. Following the transaction, the chief executive officer now directly owns 1,324 shares in the company, valued at approximately $1,223,852.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP James Grier Campbell sold 183 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $175,544.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,900 shares of company stock worth $36,837,100. 13.92% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on the stock. SunTrust Banks assumed coverage on shares of Alphabet in a research note on Wednesday, August 16th. They issued a “buy” rating and a $1,100.00 target price on the stock. BidaskClub downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Robert W. Baird reissued an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Saturday, September 23rd. JMP Securities reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,047.45.

Alphabet Inc (NASDAQ:GOOG) opened at $1,040.61 on Thursday. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 1-year low of $770.41 and a 1-year high of $1,062.38. The stock has a market cap of $725,880.00, a PE ratio of 34.85 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. During the same period in the prior year, the business earned $9.06 EPS. The firm’s quarterly revenue was up 23.7% on a year-over-year basis.

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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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