TB Alternative Assets Ltd. continued to hold its stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 850 shares of the information services provider’s stock at the end of the second quarter. Alphabet makes up 0.4% of TB Alternative Assets Ltd.’s portfolio, making the stock its 16th largest position. TB Alternative Assets Ltd.’s holdings in Alphabet were worth $772,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cambridge Advisors Inc. boosted its stake in shares of Alphabet by 0.4% in the first quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock valued at $226,000 after buying an additional 1 shares in the last quarter. Howland Capital Management LLC boosted its stake in shares of Alphabet by 0.3% in the first quarter. Howland Capital Management LLC now owns 637 shares of the information services provider’s stock valued at $528,000 after buying an additional 2 shares in the last quarter. Gradient Investments LLC boosted its stake in shares of Alphabet by 0.6% in the second quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock valued at $460,000 after buying an additional 3 shares in the last quarter. Lederer & Associates Investment Counsel CA boosted its stake in shares of Alphabet by 0.4% in the first quarter. Lederer & Associates Investment Counsel CA now owns 1,091 shares of the information services provider’s stock valued at $905,000 after buying an additional 4 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in shares of Alphabet by 1.4% in the first quarter. Hodges Capital Management Inc. now owns 298 shares of the information services provider’s stock valued at $247,000 after buying an additional 4 shares in the last quarter. Institutional investors and hedge funds own 34.57% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.17% during trading on Wednesday, hitting $926.27. The stock had a trading volume of 626,340 shares. The stock has a 50-day moving average price of $933.46 and a 200 day moving average price of $894.69. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $988.25. The company has a market cap of $641.79 billion, a P/E ratio of 33.57 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $26.01 billion during the quarter, compared to the consensus estimate of $25.61 billion. During the same period in the prior year, the firm earned $8.42 EPS. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. Equities analysts expect that Alphabet Inc. will post $30.60 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on the company. UBS AG reiterated a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a research report on Tuesday, July 25th. Needham & Company LLC restated a “buy” rating and issued a $1,100.00 price objective (up from $1,050.00) on shares of Alphabet in a research report on Tuesday, July 25th. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Finally, JMP Securities restated an “outperform” rating and issued a $1,077.00 price objective on shares of Alphabet in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,030.47.

In other Alphabet news, Director Ann Mather sold 629 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $932.28, for a total value of $586,404.12. Following the completion of the transaction, the director now directly owns 1,781 shares of the company’s stock, valued at approximately $1,660,390.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $968.95, for a total transaction of $177,317.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,169 shares of company stock valued at $44,206,482. 13.92% of the stock is owned by insiders.

About Alphabet

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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