TLW Wealth Management LLC Acquires 91,288 Shares of Alphabet Inc. (NASDAQ:GOOG)

TLW Wealth Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,677.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,729 shares of the information services provider’s stock after acquiring an additional 91,288 shares during the quarter. Alphabet comprises 8.1% of TLW Wealth Management LLC’s portfolio, making the stock its 5th biggest holding. TLW Wealth Management LLC’s holdings in Alphabet were worth $9,300,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sterling Investment Management LLC grew its holdings in Alphabet by 2,325.9% in the 3rd quarter. Sterling Investment Management LLC now owns 44,880 shares of the information services provider’s stock valued at $4,315,000 after buying an additional 43,030 shares in the last quarter. Eagle Global Advisors LLC grew its holdings in Alphabet by 1,882.0% in the 3rd quarter. Eagle Global Advisors LLC now owns 239,643 shares of the information services provider’s stock valued at $23,042,000 after buying an additional 227,552 shares in the last quarter. J.P. Marvel Investment Advisors LLC grew its holdings in Alphabet by 1,900.0% in the 3rd quarter. J.P. Marvel Investment Advisors LLC now owns 6,200 shares of the information services provider’s stock valued at $596,000 after buying an additional 5,890 shares in the last quarter. Clear Harbor Asset Management LLC grew its holdings in Alphabet by 2,381.7% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 90,830 shares of the information services provider’s stock valued at $8,733,000 after buying an additional 87,170 shares in the last quarter. Finally, Trinity Financial Advisors LLC acquired a new position in Alphabet in the 3rd quarter valued at $327,000. 28.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $38.64, for a total value of $4,149,665.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Ann Mather sold 280 shares of the stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the sale, the director now owns 11,200 shares of the company’s stock, valued at $1,156,176. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $38.64, for a total value of $4,149,665.52. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of recent analyst reports. Credit Suisse Group set a $128.00 target price on Alphabet in a research report on Wednesday, October 26th. Raymond James cut their target price on Alphabet from $143.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Sanford C. Bernstein set a $120.00 target price on Alphabet in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 21st. Finally, Societe Generale cut their target price on Alphabet from $147.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, November 30th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.88.

Alphabet Price Performance

Alphabet stock opened at $92.80 on Friday. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.20 trillion, a PE ratio of 18.43, a P/E/G ratio of 1.54 and a beta of 1.08. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $152.10. The stock has a 50-day moving average price of $93.23 and a two-hundred day moving average price of $102.78.

Alphabet (NASDAQ:GOOG – Get Rating) last posted its earnings results on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.19). The firm had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. Alphabet’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 earnings per share. Analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

Alphabet Company Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.