Alphabet Inc. (NASDAQ:GOOGL) Holdings Decreased by Tiff Advisory Services Inc.

Tiff Advisory Services Inc. lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 43.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,581 shares of the information services provider’s stock after selling 48,556 shares during the period. Alphabet accounts for 1.8% of Tiff Advisory Services Inc.’s portfolio, making the stock its 12th biggest holding. Tiff Advisory Services Inc.’s holdings in Alphabet were worth $7,611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Modera Wealth Management LLC grew its stake in shares of Alphabet by 11.4% in the 1st quarter. Modera Wealth Management LLC now owns 43,230 shares of the information services provider’s stock worth $4,484,000 after purchasing an additional 4,420 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Alphabet by 7.4% in the first quarter. Atria Investments Inc now owns 316,800 shares of the information services provider’s stock valued at $32,918,000 after buying an additional 21,907 shares in the last quarter. Cadent Capital Advisors LLC lifted its position in shares of Alphabet by 3.4% during the 2nd quarter. Cadent Capital Advisors LLC now owns 4,158 shares of the information services provider’s stock valued at $498,000 after acquiring an additional 136 shares during the last quarter. Hallmark Capital Management Inc. boosted its stake in shares of Alphabet by 8.9% during the 1st quarter. Hallmark Capital Management Inc. now owns 167,148 shares of the information services provider’s stock worth $17,338,000 after acquiring an additional 13,605 shares in the last quarter. Finally, Soltis Investment Advisors LLC boosted its stake in shares of Alphabet by 17.1% during the 1st quarter. Soltis Investment Advisors LLC now owns 46,675 shares of the information services provider’s stock worth $4,842,000 after acquiring an additional 6,825 shares in the last quarter. Institutional investors and hedge funds own 35.08% of the company’s stock.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $137.30, for a total value of $27,460.00. Following the transaction, the director now owns 7,584 shares in the company, valued at $1,041,283.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Alphabet news, insider John Kent Walker sold 42,900 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $136.51, for a total value of $5,856,279.00. Following the completion of the sale, the insider now owns 10,383 shares of the company’s stock, valued at $1,417,383.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $137.30, for a total transaction of $27,460.00. Following the completion of the transaction, the director now directly owns 7,584 shares of the company’s stock, valued at approximately $1,041,283.20. The disclosure for this sale can be found here. Insiders have sold a total of 176,576 shares of company stock valued at $23,425,367 in the last 90 days. 0.88% of the stock is currently owned by insiders.

Alphabet Stock Up 0.7 %

GOOGL opened at $136.25 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.04. The business has a 50 day moving average price of $133.42 and a 200 day moving average price of $127.88. Alphabet Inc. has a twelve month low of $84.86 and a twelve month high of $141.22. The firm has a market cap of $1.71 trillion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. The business had revenue of $64.05 billion for the quarter, compared to the consensus estimate of $63.13 billion. Alphabet had a return on equity of 25.24% and a net margin of 22.46%. Research analysts forecast that Alphabet Inc. will post 5.74 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on GOOGL. Mizuho upped their target price on Alphabet from $135.00 to $155.00 in a report on Wednesday, July 26th. Monness Crespi & Hardt cut shares of Alphabet from a “buy” rating to a “neutral” rating in a report on Wednesday, October 25th. Susquehanna restated a “positive” rating and set a $150.00 price target on shares of Alphabet in a report on Thursday, August 31st. Barclays reduced their price target on shares of Alphabet from $200.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, October 25th. Finally, Piper Sandler lifted their price objective on shares of Alphabet from $147.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Five investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.00.

About Alphabet

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.