Tiller Private Wealth Inc. Sells 240 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Tiller Private Wealth Inc. lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,245 shares of the information services provider’s stock after selling 240 shares during the quarter. Alphabet accounts for 0.2% of Tiller Private Wealth Inc.’s portfolio, making the stock its 25th biggest holding. Tiller Private Wealth Inc.’s holdings in Alphabet were worth $453,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GOOGL. Meritage Group LP boosted its holdings in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares during the period. Macroview Investment Management LLC boosted its holdings in Alphabet by 165.8% during the 3rd quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 199 shares during the period. Armor Investment Advisors LLC lifted its holdings in shares of Alphabet by 31.0% in the 4th quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after buying an additional 80 shares during the period. Valued Wealth Advisors LLC purchased a new stake in shares of Alphabet in the 4th quarter worth $55,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in shares of Alphabet by 301.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 522 shares of the information services provider’s stock worth $73,000 after buying an additional 392 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Up 10.2 %

Shares of GOOGL stock opened at $171.95 on Friday. The stock’s 50-day simple moving average is $147.85 and its 200-day simple moving average is $141.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market capitalization of $2.14 trillion, a PE ratio of 29.65, a P/E/G ratio of 1.47 and a beta of 1.05. Alphabet Inc. has a fifty-two week low of $103.54 and a fifty-two week high of $174.71.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same period in the prior year, the company earned $1.05 earnings per share. Equities analysts expect that Alphabet Inc. will post 6.78 earnings per share for the current year.

Wall Street Analyst Weigh In

GOOGL has been the subject of several research reports. KeyCorp upped their target price on Alphabet from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Citigroup upped their target price on Alphabet from $168.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Rosenblatt Securities upped their target price on Alphabet from $172.00 to $182.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company upped their target price on Alphabet from $141.00 to $168.00 and gave the stock an “equal weight” rating in a report on Friday. Five analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $187.82.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 660 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ruth Porat sold 48,077 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the sale, the chief financial officer now owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,439 shares of company stock valued at $36,746,578. Company insiders own 0.88% of the company’s stock.

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.