TCG Advisory Services LLC Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

TCG Advisory Services LLC increased its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 81.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,317 shares of the information services provider's stock after purchasing an additional 15,004 shares during the period. TCG Advisory Services LLC's holdings in Alphabet were worth $4,695,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Alphabet by 3.8% during the third quarter. FMR LLC now owns 120,234,117 shares of the information services provider's stock valued at $15,852,868,000 after acquiring an additional 4,348,188 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Alphabet by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider's stock valued at $12,649,838,000 after purchasing an additional 9,703,425 shares in the last quarter. Northern Trust Corp raised its holdings in Alphabet by 2.3% in the third quarter. Northern Trust Corp now owns 57,269,184 shares of the information services provider's stock worth $7,550,942,000 after buying an additional 1,275,060 shares during the last quarter. Sanders Capital LLC lifted its stake in shares of Alphabet by 0.3% in the third quarter. Sanders Capital LLC now owns 27,744,572 shares of the information services provider's stock worth $3,658,122,000 after buying an additional 92,741 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Alphabet by 2.0% during the third quarter. Jennison Associates LLC now owns 19,822,203 shares of the information services provider's stock valued at $2,613,557,000 after buying an additional 390,118 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares in the company, valued at $309,548,095.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the transaction, the chief executive officer now owns 2,332,691 shares of the company's stock, valued at $309,548,095.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 2,100 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the transaction, the director now owns 5,891 shares in the company, valued at $1,035,402.16. The disclosure for this sale can be found here. Insiders have sold 275,129 shares of company stock valued at $40,382,765 in the last ninety days. 12.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GOOG shares. Morgan Stanley restated an "overweight" rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Susquehanna raised their price objective on Alphabet from $150.00 to $170.00 and gave the company a "positive" rating in a research note on Wednesday, January 31st. Stifel Nicolaus raised their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Oppenheimer upped their price objective on Alphabet from $172.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday, April 8th. Finally, Raymond James upped their price target on shares of Alphabet from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 24th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $165.67.

Alphabet Trading Up 0.3 %

Shares of GOOG stock traded up $0.53 on Friday, hitting $168.99. 22,767,056 shares of the stock traded hands, compared to its average volume of 22,353,938. The firm's 50-day moving average price is $151.46 and its two-hundred day moving average price is $143.74. The stock has a market capitalization of $2.10 trillion, a PE ratio of 25.92, a PEG ratio of 1.26 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.15. Alphabet Inc. has a twelve month low of $104.70 and a twelve month high of $176.42.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.51 by $0.38. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion for the quarter, compared to analyst estimates of $78.75 billion. During the same period in the prior year, the business posted $1.17 EPS. The business's revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, analysts anticipate that Alphabet Inc. will post 7.66 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a -- dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th.

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.