Tilt Investment Management Holdings PBC Makes New Investment in Alphabet Inc. (NASDAQ:GOOGL)

Tilt Investment Management Holdings PBC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,202 shares of the information services provider’s stock, valued at approximately $3,241,000. Alphabet makes up 3.5% of Tilt Investment Management Holdings PBC’s investment portfolio, making the stock its 4th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Aire Advisors LLC lifted its holdings in Alphabet by 0.6% during the fourth quarter. Aire Advisors LLC now owns 11,772 shares of the information services provider’s stock valued at $1,645,000 after purchasing an additional 68 shares in the last quarter. Defined Wealth Management LLC raised its position in shares of Alphabet by 2.9% during the 4th quarter. Defined Wealth Management LLC now owns 2,531 shares of the information services provider’s stock worth $354,000 after purchasing an additional 71 shares during the last quarter. WealthCare Investment Partners LLC boosted its holdings in Alphabet by 2.1% in the 4th quarter. WealthCare Investment Partners LLC now owns 3,473 shares of the information services provider’s stock worth $482,000 after buying an additional 71 shares during the last quarter. Peoples Financial Services CORP. increased its stake in Alphabet by 0.4% during the 4th quarter. Peoples Financial Services CORP. now owns 16,690 shares of the information services provider’s stock worth $2,331,000 after buying an additional 72 shares in the last quarter. Finally, RAM Investment Partners LLC raised its holdings in shares of Alphabet by 1.0% during the fourth quarter. RAM Investment Partners LLC now owns 7,550 shares of the information services provider’s stock valued at $1,055,000 after acquiring an additional 73 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the transaction, 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 is available at the SEC website. In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on 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 directly owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the transaction, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,439 shares of company stock valued at $36,746,578. 0.88% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial boosted their price target on Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird upped their target price on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday. Rosenblatt Securities raised their price target on shares of Alphabet from $172.00 to $182.00 and gave the stock a “buy” rating in a research note on Friday. Raymond James boosted their price target on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $200.00 price objective (up previously from $160.00) on shares of Alphabet in a report on Friday. Five equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.82.

Alphabet Stock Up 10.2 %

NASDAQ:GOOGL opened at $171.95 on Friday. Alphabet Inc. has a 52 week low of $103.54 and a 52 week high of $174.71. The stock’s fifty day moving average is $147.85 and its two-hundred day moving average is $141.39. The stock has a market capitalization of $2.14 trillion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm 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 quarter in the prior year, the company earned $1.05 EPS. Research analysts anticipate that Alphabet Inc. will post 6.78 EPS for the current year.

Alphabet Company 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.