TB Alternative Assets Ltd. Invests $732,000 in Alphabet Inc (GOOG)

TB Alternative Assets Ltd. bought a new stake in Alphabet Inc (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 700 shares of the information services provider’s stock, valued at approximately $732,000. Alphabet makes up 0.3% of TB Alternative Assets Ltd.’s holdings, making the stock its 16th largest position.

Several other institutional investors also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC boosted its stake in Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after purchasing an additional 5 shares during the period. WealthTrust Arizona LLC boosted its stake in Alphabet by 134.9% during the 4th quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider’s stock worth $155,000 after purchasing an additional 85 shares during the period. Almanack Investment Partners LLC. boosted its stake in Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after purchasing an additional 7 shares during the period. CWH Capital Management Inc. boosted its stake in Alphabet by 8.5% during the 2nd quarter. CWH Capital Management Inc. now owns 192 shares of the information services provider’s stock worth $174,000 after purchasing an additional 15 shares during the period. Finally, Acrospire Investment Management LLC acquired a new stake in Alphabet during the 2nd quarter worth $182,000. Institutional investors and hedge funds own 34.84% of the company’s stock.

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GOOG stock opened at $1,021.57 on Friday. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03. Alphabet Inc has a twelve month low of $803.37 and a twelve month high of $1,186.89. The stock has a market cap of $728,882.94, a PE ratio of 56.88 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The business had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.88 billion. During the same quarter last year, the business posted $9.36 earnings per share. The business’s revenue was up 24.0% compared to the same quarter last year.

Alphabet declared that its board has authorized a stock buyback plan on Thursday, February 1st that allows the company to buyback $8.59 billion in shares. This buyback authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In other Alphabet news, SVP David C. Drummond sold 5,690 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $1,164.43, for a total transaction of $6,625,606.70. Following the completion of the transaction, the senior vice president now directly owns 2,897 shares in the company, valued at approximately $3,373,353.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $1,065.21, for a total transaction of $4,260,840.00. Following the transaction, the chief executive officer now owns 1,031 shares of the company’s stock, valued at $1,098,231.51. The disclosure for this sale can be found here. Insiders have sold a total of 48,709 shares of company stock valued at $53,035,301 over the last 90 days. 13.92% of the stock is currently owned by insiders.

Several analysts have recently commented on the stock. Vetr cut shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 target price for the company. in a research note on Wednesday, January 10th. Morningstar restated a “neutral” rating on shares of Alphabet in a research note on Friday, January 19th. SunTrust Banks raised their target price on shares of Alphabet to $1,250.00 and gave the stock a “buy” rating in a research note on Friday, January 12th. Atlantic Securities restated a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Finally, UBS restated a “buy” rating on shares of Alphabet in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,075.75.

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Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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