Alphabet Inc Class A (GOOGL) Shares Sold by Kistler Tiffany Companies LLC

Kistler Tiffany Companies LLC lowered its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 5.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,511 shares of the information services provider’s stock after selling 79 shares during the quarter. Alphabet Inc Class A comprises 0.8% of Kistler Tiffany Companies LLC’s portfolio, making the stock its 23rd largest position. Kistler Tiffany Companies LLC’s holdings in Alphabet Inc Class A were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HC Financial Advisors Inc. purchased a new stake in shares of Alphabet Inc Class A during the 4th quarter worth about $616,000. Valeo Financial Advisors LLC grew its holdings in shares of Alphabet Inc Class A by 36.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 4,155 shares of the information services provider’s stock worth $4,377,000 after purchasing an additional 1,113 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Alphabet Inc Class A during the 4th quarter worth about $231,000. Trustcore Financial Services LLC purchased a new stake in shares of Alphabet Inc Class A during the 4th quarter worth about $245,000. Finally, Wedbush Securities Inc. grew its holdings in shares of Alphabet Inc Class A by 7.5% during the 4th quarter. Wedbush Securities Inc. now owns 5,964 shares of the information services provider’s stock worth $6,282,000 after purchasing an additional 414 shares during the period. Institutional investors own 33.62% of the company’s stock.

A number of analysts have recently issued reports on the company. Monness Crespi & Hardt boosted their target price on Alphabet Inc Class A from $1,306.00 to $1,415.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. Zacks Investment Research cut Alphabet Inc Class A from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Canaccord Genuity reiterated a “hold” rating and set a $1,170.00 target price (up previously from $1,050.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. ValuEngine upgraded Alphabet Inc Class A from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Finally, Morgan Stanley reissued an “overweight” rating and set a $1,250.00 price target (up from $1,200.00) on shares of Alphabet Inc Class A in a research report on Thursday, June 28th. Five analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,313.72.

Shares of GOOGL opened at $1,177.98 on Friday. The firm has a market cap of $815.37 billion, a P/E ratio of 28.61, a P/E/G ratio of 1.49 and a beta of 1.10. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. Alphabet Inc Class A has a 12 month low of $924.51 and a 12 month high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last issued its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the Zacks’ consensus estimate of $9.51 by $2.24. The firm had revenue of $26.24 billion during the quarter, compared to the consensus estimate of $25.64 billion. Alphabet Inc Class A had a return on equity of 18.24% and a net margin of 13.16%. During the same period in the prior year, the business earned $5.01 EPS. equities analysts forecast that Alphabet Inc Class A will post 42.46 earnings per share for the current fiscal year.

Alphabet Inc Class A Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Further Reading: Book Value Per Share in Stock Trading

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Institutional Ownership by Quarter for Alphabet Inc Class A (NASDAQ:GOOGL)

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