Tsfg LLC Buys 153 Shares of Alphabet Inc. (NASDAQ:GOOG)

Tsfg LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,036 shares of the information services provider’s stock after buying an additional 153 shares during the quarter. Tsfg LLC’s holdings in Alphabet were worth $3,054,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in shares of Alphabet by 0.3% in the 2nd quarter. Parallel Advisors LLC now owns 295,320 shares of the information services provider’s stock worth $54,168,000 after purchasing an additional 927 shares during the last quarter. TMD Wealth Management LLC grew its stake in Alphabet by 0.8% during the second quarter. TMD Wealth Management LLC now owns 11,328 shares of the information services provider’s stock worth $2,078,000 after buying an additional 87 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in Alphabet by 22.9% during the second quarter. Thoroughbred Financial Services LLC now owns 101,423 shares of the information services provider’s stock worth $18,603,000 after buying an additional 18,893 shares during the last quarter. Wealthspire Advisors LLC increased its holdings in shares of Alphabet by 7.3% during the second quarter. Wealthspire Advisors LLC now owns 140,844 shares of the information services provider’s stock worth $25,834,000 after buying an additional 9,613 shares in the last quarter. Finally, Stolper Co raised its stake in shares of Alphabet by 1.8% in the second quarter. Stolper Co now owns 49,756 shares of the information services provider’s stock valued at $9,126,000 after acquiring an additional 902 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at approximately $4,007,191.15. This represents a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the transaction, the chief executive officer now directly owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. The trade was a 1.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 153,053 shares of company stock valued at $27,559,701. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Down 0.5 %

NASDAQ:GOOG opened at $192.29 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $202.88. The stock’s fifty day simple moving average is $184.55 and its 200-day simple moving average is $174.49. The firm has a market capitalization of $2.35 trillion, a P/E ratio of 25.50, a P/E/G ratio of 1.34 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion for the quarter, compared to analyst estimates of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Equities research analysts expect that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is currently 10.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group raised their price target on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their target price on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Oppenheimer raised their price objective on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barclays upped their target price on shares of Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $200.56.

Alphabet Profile

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.