CHURCHILL MANAGEMENT Corp Sells 207 Shares of Alphabet Inc. (NASDAQ:GOOG)

CHURCHILL MANAGEMENT Corp lessened its stake in Alphabet Inc. (NASDAQ:GOOG) by 8.5% in the fourth quarter, HoldingsChannel reports. The firm owned 2,238 shares of the information services provider’s stock after selling 207 shares during the period. CHURCHILL MANAGEMENT Corp’s holdings in Alphabet were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GOOG. Silvia Mccoll Wealth Management LLC boosted its stake in shares of Alphabet by 1.4% in the 4th quarter. Silvia Mccoll Wealth Management LLC now owns 8,091 shares of the information services provider’s stock worth $1,541,000 after buying an additional 111 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in Alphabet by 10.1% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 15,090 shares of the information services provider’s stock valued at $2,874,000 after acquiring an additional 1,389 shares during the period. Burney Co. grew its stake in shares of Alphabet by 1.2% during the 4th quarter. Burney Co. now owns 12,040 shares of the information services provider’s stock valued at $2,293,000 after purchasing an additional 142 shares during the period. Smith Anglin Financial LLC increased its position in shares of Alphabet by 11.0% during the 4th quarter. Smith Anglin Financial LLC now owns 5,472 shares of the information services provider’s stock valued at $1,042,000 after purchasing an additional 543 shares during the last quarter. Finally, Wiser Wealth Management Inc bought a new position in shares of Alphabet in the 4th quarter worth approximately $250,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on GOOG. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Jefferies Financial Group raised their target price on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Wells Fargo & Company raised their price objective on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their price objective on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $200.56.

Alphabet Trading Down 1.3 %

Shares of GOOG stock opened at $194.48 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 1.21 and a beta of 0.99. Alphabet Inc. has a 12-month low of $131.55 and a 12-month high of $202.88. The stock’s 50-day moving average price is $185.32 and its 200-day moving average price is $174.70.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data 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 $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS. Equities research analysts predict that Alphabet Inc. will post 8.03 EPS for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the transaction, the director now owns 282,832 shares of the company’s stock, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the completion of the sale, the chief accounting officer now owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,387 shares of company stock worth $24,368,654 in the last three months. Insiders own 12.99% of the company’s stock.

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.