TSA Wealth Managment LLC Makes New Investment in Alphabet Inc. $GOOG

TSA Wealth Managment LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,188 shares of the information services provider’s stock, valued at approximately $211,000.

A number of other hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Alphabet by 580,897.4% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock worth $23,963,208,000 after buying an additional 135,064,454 shares during the last quarter. Nuveen LLC purchased a new position in shares of Alphabet in the 1st quarter worth about $2,622,943,000. Vanguard Group Inc. boosted its holdings in shares of Alphabet by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider’s stock worth $64,299,725,000 after buying an additional 9,687,855 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Alphabet by 9.9% in the 1st quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider’s stock worth $15,971,861,000 after buying an additional 9,243,959 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Alphabet in the 1st quarter worth about $369,713,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Up 3.6%

Shares of GOOG opened at $269.93 on Tuesday. The business’s 50-day moving average price is $238.65 and its 200-day moving average price is $197.67. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $270.80. The stock has a market cap of $3.26 trillion, a PE ratio of 28.75, a P/E/G ratio of 1.76 and a beta of 1.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GOOG shares. Lake Street Capital reissued a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Hsbc Global Res raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. DA Davidson set a $825.00 price objective on shares of Alphabet in a report on Monday. Barclays reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday. Six analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $280.45.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $245.00, for a total value of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 23,820 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the transaction, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. This trade represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 246,150 shares of company stock worth $55,805,379. Insiders own 12.99% of the company’s stock.

About Alphabet

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.