CHURCHILL MANAGEMENT Corp Sells 4,979 Shares of Alphabet Inc. (NASDAQ:GOOGL)

CHURCHILL MANAGEMENT Corp reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 226,387 shares of the information services provider’s stock after selling 4,979 shares during the quarter. Alphabet accounts for about 0.5% of CHURCHILL MANAGEMENT Corp’s holdings, making the stock its 23rd biggest holding. CHURCHILL MANAGEMENT Corp’s holdings in Alphabet were worth $42,855,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Lantz Financial LLC increased its position in Alphabet by 10.8% during the 2nd quarter. Lantz Financial LLC now owns 4,622 shares of the information services provider’s stock worth $842,000 after purchasing an additional 452 shares in the last quarter. Spectrum Wealth Advisory Group LLC acquired a new position in shares of Alphabet during the second quarter worth $218,000. ANTIPODES PARTNERS Ltd lifted its stake in shares of Alphabet by 610.4% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 411,936 shares of the information services provider’s stock valued at $75,034,000 after acquiring an additional 353,949 shares during the last quarter. Defined Wealth Management LLC boosted its holdings in shares of Alphabet by 5.6% during the 2nd quarter. Defined Wealth Management LLC now owns 2,712 shares of the information services provider’s stock valued at $494,000 after acquiring an additional 145 shares in the last quarter. Finally, Denver PWM LLC bought a new stake in Alphabet during the 2nd quarter worth $41,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $194.22, for a total value of $291,330.00. Following the transaction, the director now directly owns 23,324 shares in the company, valued at $4,529,987.28. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $171.42, for a total transaction of $234,331.14. Following the transaction, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at $4,516,745.58. This represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,387 shares of company stock worth $24,368,654. 11.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent research reports. Scotiabank raised Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $190.00 target price on shares of Alphabet in a research report on Wednesday, October 30th. Citizens Jmp cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $212.00 to $232.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Wolfe Research boosted their price objective on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.15.

Alphabet Trading Up 1.6 %

Shares of Alphabet stock opened at $196.00 on Friday. The company has a market capitalization of $2.40 trillion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The stock has a fifty day simple moving average of $184.08 and a 200 day simple moving average of $173.33. Alphabet Inc. has a 12-month low of $130.66 and a 12-month high of $201.42. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter in the prior year, the business posted $1.55 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.03 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, December 9th. Alphabet’s payout ratio is 10.61%.

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.