TCG Advisors LP purchased a new position in Alphabet Inc (NASDAQ:GOOG) in the first quarter, HoldingsChannel reports. The firm purchased 218 shares of the information services provider’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moloney Securities Asset Management LLC increased its holdings in Alphabet by 0.8% in the 4th quarter. Moloney Securities Asset Management LLC now owns 939 shares of the information services provider’s stock worth $1,255,000 after acquiring an additional 7 shares in the last quarter. Dakota Wealth Management boosted its stake in Alphabet by 0.5% during the 4th quarter. Dakota Wealth Management now owns 1,378 shares of the information services provider’s stock worth $1,843,000 after purchasing an additional 7 shares during the last quarter. Cim LLC boosted its stake in Alphabet by 0.9% during the 4th quarter. Cim LLC now owns 808 shares of the information services provider’s stock worth $1,080,000 after purchasing an additional 7 shares during the last quarter. Putnam FL Investment Management Co. boosted its stake in Alphabet by 0.3% during the 4th quarter. Putnam FL Investment Management Co. now owns 2,809 shares of the information services provider’s stock worth $3,756,000 after purchasing an additional 8 shares during the last quarter. Finally, Albion Financial Group UT boosted its stake in Alphabet by 1.4% during the 4th quarter. Albion Financial Group UT now owns 582 shares of the information services provider’s stock worth $778,000 after purchasing an additional 8 shares during the last quarter. Institutional investors and hedge funds own 33.00% of the company’s stock.

Shares of NASDAQ GOOG traded up $4.20 during mid-day trading on Monday, hitting $1,433.13. 904,074 shares of the company were exchanged, compared to its average volume of 1,490,917. The stock has a 50 day simple moving average of $1,324.33 and a 200-day simple moving average of $1,336.35. The firm has a market cap of $975.41 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 2.14 and a beta of 1.06. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. Alphabet Inc has a 1-year low of $1,013.54 and a 1-year high of $1,532.11.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, April 28th. The information services provider reported $9.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $11.27 by ($1.40). The business had revenue of $41.16 billion during the quarter, compared to analysts’ expectations of $40.29 billion. Alphabet had a return on equity of 17.43% and a net margin of 20.71%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.50 EPS. Analysts anticipate that Alphabet Inc will post 41.47 earnings per share for the current fiscal year.

Several brokerages have issued reports on GOOG. Credit Suisse Group lowered their target price on shares of Alphabet from $1,700.00 to $1,500.00 and set an “outperform” rating on the stock in a research note on Monday, April 20th. Citigroup lifted their target price on shares of Alphabet from $1,500.00 to $1,700.00 and gave the stock a “positive” rating in a research note on Friday, February 7th. BMO Capital Markets raised shares of Alphabet from a “market perform” rating to an “outperform” rating in a research note on Monday, March 30th. Pivotal Research boosted their price target on shares of Alphabet from $1,425.00 to $1,575.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, BidaskClub raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and an average target price of $1,580.52.

In other news, CAO Amie Thuener O’toole sold 61 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $1,397.68, for a total value of $85,258.48. Following the completion of the transaction, the chief accounting officer now owns 388 shares in the company, valued at $542,299.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ann Mather sold 34 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $1,121.18, for a total value of $38,120.12. Following the sale, the director now directly owns 1,119 shares in the company, valued at approximately $1,254,600.42. The disclosure for this sale can be found here. Insiders sold 294 shares of company stock valued at $367,821 in the last quarter. 12.99% of the stock is currently owned by company insiders.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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