TT Capital Management LLC Invests $1.39 Million in Alphabet Inc. (NASDAQ:GOOG)

TT Capital Management LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,169 shares of the information services provider’s stock, valued at approximately $1,393,000. Alphabet comprises about 1.1% of TT Capital Management LLC’s investment portfolio, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. BTG Pactual Asset Management US LLC raised its position in shares of Alphabet by 34.8% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 216,715 shares of the information services provider’s stock valued at $41,271,000 after buying an additional 55,977 shares during the period. Advisors Capital Management LLC increased its stake in Alphabet by 0.7% during the fourth quarter. Advisors Capital Management LLC now owns 503,464 shares of the information services provider’s stock worth $95,880,000 after acquiring an additional 3,488 shares during the last quarter. Seeds Investor LLC raised its position in Alphabet by 39.4% in the fourth quarter. Seeds Investor LLC now owns 4,168 shares of the information services provider’s stock valued at $794,000 after purchasing an additional 1,178 shares during the period. Alapocas Investment Partners Inc. lifted its stake in shares of Alphabet by 0.3% in the 4th quarter. Alapocas Investment Partners Inc. now owns 85,996 shares of the information services provider’s stock valued at $16,377,000 after purchasing an additional 236 shares during the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new position in shares of Alphabet during the 4th quarter worth $7,027,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,500 shares of Alphabet stock in a transaction on Monday, January 13th. The shares were sold at an average price of $189.80, for a total value of $284,700.00. Following the transaction, the director now directly owns 21,824 shares of the company’s stock, valued at $4,142,195.20. The trade was a 6.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 17,690 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the sale, the insider now owns 43,111 shares of the company’s stock, valued at approximately $7,997,521.61. This represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 119,797 shares of company stock worth $21,089,470 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Alphabet in a report on Wednesday, March 19th. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. Westpark Capital assumed coverage on shares of Alphabet in a research report on Tuesday, April 1st. They set a “buy” rating and a $210.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $220.00 target price on shares of Alphabet in a research report on Thursday, January 30th. Finally, Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $208.71.

Alphabet Trading Up 2.6 %

GOOG opened at $159.40 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The company has a market cap of $1.94 trillion, a P/E ratio of 19.80, a PEG ratio of 1.34 and a beta of 1.04. The business’s 50-day simple moving average is $170.50 and its 200-day simple moving average is $177.89.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.03. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.50%. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

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.