Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Lifted by Tsfg LLC

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Tsfg LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 86.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 843 shares of the information services provider’s stock after acquiring an additional 392 shares during the period. Alphabet comprises approximately 0.8% of Tsfg LLC’s holdings, making the stock its 28th largest position. Tsfg LLC’s holdings in Alphabet were worth $1,844,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Rodgers Brothers Inc. grew its position in Alphabet by 9.4% during the fourth quarter. Rodgers Brothers Inc. now owns 337 shares of the information services provider’s stock valued at $975,000 after purchasing an additional 29 shares in the last quarter. Navellier & Associates Inc. grew its position in Alphabet by 38.9% during the fourth quarter. Navellier & Associates Inc. now owns 2,892 shares of the information services provider’s stock valued at $8,368,000 after purchasing an additional 810 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Alphabet during the fourth quarter valued at approximately $5,470,000. Taconic Capital Advisors LP grew its position in Alphabet by 20.0% during the fourth quarter. Taconic Capital Advisors LP now owns 600 shares of the information services provider’s stock valued at $1,736,000 after purchasing an additional 100 shares in the last quarter. Finally, IHT Wealth Management LLC grew its position in Alphabet by 2.3% during the fourth quarter. IHT Wealth Management LLC now owns 3,464 shares of the information services provider’s stock valued at $10,023,000 after purchasing an additional 79 shares in the last quarter. 1.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GOOG shares. Oppenheimer lowered their price objective on shares of Alphabet from $3,290.00 to $165.00 in a research report on Tuesday, July 19th. Cowen decreased their target price on shares of Alphabet from $300.00 to $150.00 in a research report on Monday, July 25th. Citigroup decreased their target price on shares of Alphabet from $158.75 to $145.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. MKM Partners decreased their target price on shares of Alphabet from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, July 18th. Finally, Barclays set a $150.00 target price on shares of Alphabet in a research report on Thursday, September 8th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.05.

Insider Activity at Alphabet

In other news, Director Ann Mather sold 20 shares of the stock in a transaction on Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following the completion of the transaction, the director now owns 565 shares in the company, valued at approximately $1,346,575.80. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Ann Mather sold 20 shares of the firm’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the completion of the transaction, the director now directly owns 565 shares of the company’s stock, valued at approximately $1,346,575.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $110.00, for a total transaction of $165,000.00. Following the transaction, the director now directly owns 33,260 shares of the company’s stock, valued at $3,658,600. The disclosure for this sale can be found here. Insiders sold a total of 44,536 shares of company stock worth $15,729,998 in the last ninety days. 12.99% of the stock is currently owned by insiders.

Alphabet Price Performance

NASDAQ:GOOG opened at $100.57 on Friday. The stock has a market cap of $1.31 trillion, a P/E ratio of 18.71, a PEG ratio of 1.65 and a beta of 1.08. Alphabet Inc. has a one year low of $99.41 and a one year high of $152.10. The company has a fifty day moving average price of $112.60 and a 200 day moving average price of $118.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78.

Alphabet (NASDAQ:GOOGGet Rating) last released its earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.06). The company had revenue of $57.47 billion for the quarter, compared to analyst estimates of $57.55 billion. Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter in the previous year, the company earned $27.26 earnings per share. Analysts anticipate that Alphabet Inc. will post 5.21 earnings per share for the current year.

Alphabet Profile

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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

See Also

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