TLW Wealth Management LLC strengthens its position in Alphabet Inc. (NASDAQ:GOOG)


TLW Wealth Management LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet a rating) by 0.1% during the first quarter, HoldingsChannel reports. The fund held 5,623 shares of the information services provider after acquiring 7 additional shares during the quarter. Alphabet represents approximately 9.2% of TLW Wealth Management LLC’s holdings, making it its 3rd largest position. TLW Wealth Management LLC’s holdings in Alphabet were worth $15,705,000 at the end of the last quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Hoese & Co LLP increased its position in Alphabet shares by 400.0% in the 4th quarter. Hoese & Co LLP now owns 10 shares of the information services provider worth $29,000 after buying 8 additional shares in the last quarter. Maryland Capital Advisors Inc. bought a new position in Alphabet shares in the 4th quarter for a value of approximately $29,000. Rather & Kittrell Inc. bought a new position in Alphabet stock in Q4 worth about $34,000. Paragon Capital Management Ltd bought a new position in Alphabet shares in Q4 for a value of around $35,000. Finally, Comprehensive Financial Consultants Institutional Inc. bought a new position in Alphabet stock in Q4 for a value of approximately $37,000. Hedge funds and other institutional investors own 31.20% of the company’s shares.

Shares of GOOG opened at $2,187.45 on Friday. Alphabet Inc. has a one-year low of $2,044.16 and a one-year high of $3,042.00. The company has a 50-day moving average of $2,274.34 and a two-hundred-day moving average of $2,576.27. The stock has a market capitalization of $1.44 trillion, a price/earnings ratio of 19.79, a PEG ratio of 1.16 and a beta of 1.13. The company has a debt ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85.

Alphabet shares will be split on the morning of Monday, July 18. The 20-1 split was announced on Tuesday, February 1. The newly issued shares will be issued to shareholders after the closing bell on Friday, July 15.

Alphabet (NASDAQ:GOOGGet a rating) last announced its results on Tuesday, April 26. The information services provider reported EPS of $24.62 for the quarter, missing the consensus estimate of $25.70 per ($1.08). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. The company posted revenue of $56.02 billion in the quarter, versus analyst estimates of $56.17 billion. In the same quarter a year earlier, the company had earned earnings per share of $26.29. Analysts expect Alphabet Inc. to post earnings per share of 110.83 for the current year.

Several analysts have recently weighed in on the stock. Wedbush reiterated an “outperform” rating on Alphabet shares in a Wednesday, April 20 research report. Oppenheimer reiterated an “outperform” rating and posted a $3,290.00 price target on Alphabet shares in a research report on Thursday, April 28. Canaccord Genuity Group cut its price target on Alphabet shares from $3,500.00 to $3,300.00 and set a “buy” rating on the stock in a Wednesday 27 research report april. Tigress Financial raised its price target on Alphabet shares from $3,540.00 to $3,670.00 in a Friday, March 18 research report. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Alphabet shares from $3,150.00 to $2,900.00 in a research report on Wednesday, April 27. Twenty-nine equity research analysts gave the stock a buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $3,315.38.

Separately, 2016 major shareholder Gp LLC Gv sold 544,249 shares of the company in a transaction that took place on Monday, April 11. The shares were sold at an average price of $11.16, for a total transaction of $6,073,818.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Also, please Prabhakar Raghavan sold 1,276 shares of the company in a transaction that took place on Monday, April 4. The stock was sold at an average price of $2,816.49, for a total transaction of $3,593,841.24. Following the sale, the senior vice president now owns 14,034 shares of the company, valued at $39,526,620.66. Disclosure of this sale can be found here. During the last quarter, insiders sold 551,653 shares of the company valued at $25,497,486. Company insiders hold 12.99% of the company’s stock.

Alphabet Company Profile (Get a rating)

Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, 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.

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Institutional ownership by quarter for Alphabet (NASDAQ:GOOG)



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