TBH Global Asset Management LLC Has $18.41 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

TBH Global Asset Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 160.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 118,296 shares of the information services provider's stock after purchasing an additional 72,890 shares during the period. Alphabet comprises 1.8% of TBH Global Asset Management LLC's investment portfolio, making the stock its 6th biggest position. TBH Global Asset Management LLC's holdings in Alphabet were worth $18,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Principia Wealth Advisory LLC boosted its holdings in shares of Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after buying an additional 85 shares during the last quarter. LSV Asset Management bought a new stake in Alphabet in the fourth quarter worth about $27,000. WealthTrak Capital Management LLC bought a new stake in Alphabet in the fourth quarter worth about $38,000. Mountain Hill Investment Partners Corp. purchased a new position in Alphabet in the fourth quarter valued at about $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet during the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the sale, the chief accounting officer directly owned 15,303 shares of the company's stock, valued at $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $176.68, for a total transaction of $5,742,100.00. Following the transaction, the chief executive officer directly owned 2,555,196 shares of the company's stock, valued at $451,452,029.28. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 216,195 shares of company stock valued at $35,764,898. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

NASDAQ:GOOG traded down $0.88 during midday trading on Monday, hitting $177.39. The company had a trading volume of 43,931,863 shares, compared to its average volume of 21,075,966. The company has a market capitalization of $2.15 trillion, a PE ratio of 19.78, a P/E/G ratio of 1.26 and a beta of 1.01. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The stock's fifty day moving average price is $167.82 and its 200-day moving average price is $175.90.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. The firm had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.89 EPS. As a group, research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a dividend of $0.21 per share. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio (DPR) is presently 9.36%.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research analyst reports. KeyCorp decreased their price target on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Rosenblatt Securities raised Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on Alphabet from $180.00 to $195.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Scotiabank lowered their price objective on Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $171.00 price objective on shares of Alphabet in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and six have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $206.38.

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.