Cheviot Value Management LLC Has $29.61 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Cheviot Value Management LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,207 shares of the information services provider’s stock after selling 10,868 shares during the period. Alphabet comprises 6.4% of Cheviot Value Management LLC’s portfolio, making the stock its 2nd largest position. Cheviot Value Management LLC’s holdings in Alphabet were worth $29,610,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. RWQ Financial Management Services Inc. raised its stake in Alphabet by 8.2% in the fourth quarter. RWQ Financial Management Services Inc. now owns 61,499 shares of the information services provider’s stock worth $8,591,000 after buying an additional 4,664 shares in the last quarter. Picton Mahoney Asset Management grew its holdings in Alphabet by 55.4% in the fourth quarter. Picton Mahoney Asset Management now owns 214,443 shares of the information services provider’s stock worth $29,956,000 after purchasing an additional 76,410 shares during the period. Robbins Farley grew its holdings in Alphabet by 0.8% in the fourth quarter. Robbins Farley now owns 15,006 shares of the information services provider’s stock worth $2,096,000 after purchasing an additional 118 shares during the period. Quantum Financial Advisors LLC grew its holdings in Alphabet by 8.0% in the third quarter. Quantum Financial Advisors LLC now owns 7,623 shares of the information services provider’s stock worth $998,000 after purchasing an additional 564 shares during the period. Finally, Colton Groome Financial Advisors LLC grew its holdings in Alphabet by 3.8% in the fourth quarter. Colton Groome Financial Advisors LLC now owns 2,700 shares of the information services provider’s stock worth $377,000 after purchasing an additional 100 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $175.01 on Tuesday. Alphabet Inc. has a 52 week low of $115.35 and a 52 week high of $178.77. The stock has a market capitalization of $2.16 trillion, a P/E ratio of 26.84, a PEG ratio of 1.31 and a beta of 1.01. The firm has a fifty day simple moving average of $166.20 and a two-hundred day simple moving average of $149.98. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $66.04 billion. During the same period in the previous year, the company earned $1.17 EPS. On average, analysts expect that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on GOOGL shares. Wedbush upped their price objective on shares of Alphabet from $175.00 to $205.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Robert W. Baird increased their price target on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Stifel Nicolaus reiterated a “buy” rating and set a $196.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Evercore ISI increased their price target on shares of Alphabet from $160.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $195.00 price target on shares of Alphabet in a report on Wednesday, May 15th. Five equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $191.57.

Check Out Our Latest Report on GOOGL

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 500 shares of Alphabet stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $149.50, for a total transaction of $74,750.00. Following the completion of the sale, the director now owns 8,791 shares in the company, valued at approximately $1,314,254.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director John L. Hennessy sold 500 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $149.50, for a total value of $74,750.00. Following the completion of the sale, the director now owns 8,791 shares in the company, valued at approximately $1,314,254.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the sale, the senior vice president now owns 144,685 shares of the company’s stock, valued at approximately $22,566,519.45. The disclosure for this sale can be found here. Insiders sold 157,458 shares of company stock worth $25,538,973 in the last 90 days. 11.55% of the stock is owned by corporate insiders.

About Alphabet

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLFree Report).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.