Kistler Tiffany Companies LLC Has $1.71 Million Stake in Alphabet Inc Class A (GOOGL)

Kistler Tiffany Companies LLC lessened its stake in shares of Alphabet Inc Class A (NASDAQ:GOOGL) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,511 shares of the information services provider’s stock after selling 79 shares during the quarter. Alphabet Inc Class A comprises approximately 0.8% of Kistler Tiffany Companies LLC’s holdings, 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 SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Well Done LLC acquired a new position in Alphabet Inc Class A in the 1st quarter valued at approximately $107,000. Westchester Capital Management Inc. raised its holdings in Alphabet Inc Class A by 1,262.5% in the 1st quarter. Westchester Capital Management Inc. now owns 109 shares of the information services provider’s stock valued at $113,000 after acquiring an additional 101 shares in the last quarter. Financial Gravity Companies Inc. acquired a new position in Alphabet Inc Class A in the 4th quarter valued at approximately $138,000. KHP Capital LLC acquired a new position in Alphabet Inc Class A in the 1st quarter valued at approximately $124,000. Finally, Private Ocean LLC raised its holdings in Alphabet Inc Class A by 355.6% in the 1st quarter. Private Ocean LLC now owns 123 shares of the information services provider’s stock valued at $127,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 33.53% of the company’s stock.

A number of brokerages have recently issued reports on GOOGL. BMO Capital Markets increased their target price on Alphabet Inc Class A from $1,100.00 to $1,150.00 and gave the stock a “neutral” rating in a report on Tuesday, July 24th. B. Riley reissued a “buy” rating on shares of Alphabet Inc Class A in a report on Monday, July 16th. Monness Crespi & Hardt increased 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. KeyCorp reissued an “overweight” rating and issued a $1,430.00 target price (up from $1,230.00) on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. Finally, Mizuho reissued a “positive” rating and issued a $1,460.00 target price on shares of Alphabet Inc Class A in a report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,317.07.

Shares of GOOGL opened at $1,155.92 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15. The firm has a market capitalization of $840.06 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 1.53 and a beta of 1.11. Alphabet Inc Class A has a 52 week low of $977.08 and a 52 week high of $1,291.44.

Alphabet Inc Class A (NASDAQ:GOOGL) last posted its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $9.51 by $2.24. The company had revenue of $26.24 billion for 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 quarter in the prior year, the business posted $5.01 EPS. Analysts forecast that Alphabet Inc Class A will post 42.53 EPS for the current year.

About Alphabet Inc Class A

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.

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

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