CHICAGO TRUST Co NA Sells 321 Shares of Alphabet Inc. (NASDAQ:GOOGL)

CHICAGO TRUST Co NA lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,065 shares of the information services provider’s stock after selling 321 shares during the quarter. Alphabet makes up about 1.0% of CHICAGO TRUST Co NA’s investment portfolio, making the stock its 17th largest position. CHICAGO TRUST Co NA’s holdings in Alphabet were worth $5,881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lantz Financial LLC increased its holdings in Alphabet by 10.8% in the second quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock valued at $842,000 after purchasing an additional 452 shares during the last quarter. Spectrum Wealth Advisory Group LLC acquired a new position in Alphabet in the second quarter valued at about $218,000. Vance Wealth Inc. grew its stake in Alphabet by 4.0% in the second quarter. Vance Wealth Inc. now owns 3,089 shares of the information services provider’s stock valued at $563,000 after acquiring an additional 119 shares during the period. Tobam grew its stake in Alphabet by 64.3% in the second quarter. Tobam now owns 24,833 shares of the information services provider’s stock valued at $4,523,000 after acquiring an additional 9,718 shares during the period. Finally, D.A. Davidson & CO. grew its stake in Alphabet by 4.8% in the second quarter. D.A. Davidson & CO. now owns 427,320 shares of the information services provider’s stock valued at $77,836,000 after acquiring an additional 19,423 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 441 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at $2,820,779.40. This trade represents a 2.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 37,134 shares of Alphabet stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total value of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 154,387 shares of company stock valued at $27,748,931 in the last 90 days. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL traded down $2.72 during trading hours on Monday, reaching $189.32. 9,122,937 shares of the stock were exchanged, compared to its average volume of 22,157,102. The firm has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 1.35 and a beta of 0.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $201.42. The stock’s fifty day simple moving average is $182.62 and its 200 day simple moving average is $172.95.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter in the prior year, the business posted $1.55 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 8.01 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GOOGL. Wells Fargo & Company boosted their target price on Alphabet from $187.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday. Wedbush boosted their target price on Alphabet from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, January 6th. China Renaissance raised Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Sanford C. Bernstein upped their price objective on Alphabet from $180.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley upped their price objective on Alphabet from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $208.15.

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.