TB Alternative Assets Ltd. Sells 10,836 Shares of Alphabet Inc. (NASDAQ:GOOG)

TB Alternative Assets Ltd. decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 10.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,387 shares of the information services provider’s stock after selling 10,836 shares during the period. Alphabet comprises 4.7% of TB Alternative Assets Ltd.’s portfolio, making the stock its 6th largest holding. TB Alternative Assets Ltd.’s holdings in Alphabet were worth $18,356,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Abich Financial Wealth Management LLC increased its holdings in Alphabet by 9,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock worth $34,000 after buying an additional 184 shares during the last quarter. AQR Capital Management LLC increased its holdings in Alphabet by 2.4% in the second quarter. AQR Capital Management LLC now owns 2,752,699 shares of the information services provider’s stock worth $504,900,000 after buying an additional 65,058 shares during the last quarter. Employees Retirement System of Texas increased its holdings in Alphabet by 4.4% in the second quarter. Employees Retirement System of Texas now owns 1,404,515 shares of the information services provider’s stock worth $257,616,000 after buying an additional 59,515 shares during the last quarter. Drucker Wealth 3.0 LLC acquired a new position in Alphabet in the second quarter worth approximately $2,628,000. Finally, DSM Capital Partners LLC increased its holdings in Alphabet by 407.8% in the second quarter. DSM Capital Partners LLC now owns 914 shares of the information services provider’s stock worth $168,000 after buying an additional 734 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Down 0.2 %

Shares of GOOG stock opened at $199.58 on Friday. The stock has a market cap of $2.44 trillion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a one year low of $131.55 and a one year high of $203.84. The stock has a fifty day moving average price of $186.95 and a 200 day moving average price of $175.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $86.39 billion. During the same period in the prior year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 8.03 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.40%. Alphabet’s dividend payout ratio is currently 10.61%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GOOG. JPMorgan Chase & Co. increased their price target on Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Citizens Jmp downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Canaccord Genuity Group increased their price target on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $200.56.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 16,820 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $192.62, for a total value of $3,239,868.40. Following the completion of the sale, the insider now directly owns 43,981 shares in the company, valued at approximately $8,471,620.22. This trade represents a 27.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 10,500 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the sale, the director now owns 330,466 shares of the company’s stock, valued at approximately $59,741,643.48. This trade represents a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,387 shares of company stock worth $24,368,654 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

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.