Tsfg LLC Has $1.84 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Tsfg LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 86.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 843 shares of the information services provider’s stock after acquiring an additional 392 shares during the quarter. Alphabet comprises approximately 0.8% of Tsfg LLC’s investment portfolio, making the stock its 28th biggest holding. Tsfg LLC’s holdings in Alphabet were worth $1,844,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Bridge Advisory LLC boosted its stake in shares of Alphabet by 7.3% in the 2nd quarter. Bridge Advisory LLC now owns 220 shares of the information services provider’s stock valued at $505,000 after purchasing an additional 15 shares during the last quarter. ACG Wealth boosted its stake in shares of Alphabet by 5.8% in the 2nd quarter. ACG Wealth now owns 257 shares of the information services provider’s stock valued at $562,000 after purchasing an additional 14 shares during the last quarter. Blue Zone Wealth Advisors LLC boosted its stake in shares of Alphabet by 2.6% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 281 shares of the information services provider’s stock valued at $615,000 after purchasing an additional 7 shares during the last quarter. Omega Financial Group LLC bought a new position in shares of Alphabet in the 2nd quarter valued at about $326,000. Finally, Allworth Financial LP boosted its stake in shares of Alphabet by 60.1% in the 2nd quarter. Allworth Financial LP now owns 1,417 shares of the information services provider’s stock valued at $3,100,000 after purchasing an additional 532 shares during the last quarter. Institutional investors and hedge funds own 1.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GOOG shares. Barclays set a $150.00 target price on shares of Alphabet in a research note on Thursday, September 8th. Oppenheimer reduced their price objective on shares of Alphabet from $3,290.00 to $165.00 in a research note on Tuesday, July 19th. JPMorgan Chase & Co. set a $140.00 price objective on shares of Alphabet in a research note on Thursday, July 21st. Susquehanna reduced their price objective on shares of Alphabet from $187.00 to $150.00 in a research note on Wednesday, July 27th. Finally, Piper Sandler reduced their price objective on shares of Alphabet from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $158.05.

Insider Activity

In other news, insider John Kent Walker sold 34,799 shares of Alphabet stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $118.25, for a total value of $4,114,981.75. Following the sale, the insider now directly owns 18,484 shares in the company, valued at $2,185,733. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider John Kent Walker sold 34,799 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $118.25, for a total transaction of $4,114,981.75. Following the transaction, the insider now directly owns 18,484 shares in the company, valued at $2,185,733. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Prabhakar Raghavan sold 1,109 shares of the business’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the transaction, the senior vice president now owns 1,608 shares in the company, valued at $3,484,117.92. The disclosure for this sale can be found here. Insiders have sold 44,536 shares of company stock worth $15,729,998 over the last ninety days. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOG opened at $100.57 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12-month low of $99.41 and a 12-month high of $152.10. The company has a market capitalization of $1.31 trillion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.65 and a beta of 1.08. The firm’s 50 day moving average is $112.60 and its 200-day moving average is $118.39.

Alphabet (NASDAQ:GOOGGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. The business had revenue of $57.47 billion during the quarter, compared to analyst estimates of $57.55 billion. During the same quarter last year, the business earned $27.26 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 5.21 earnings per share for the current fiscal year.

About Alphabet

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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

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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