Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 9.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 235,775 shares of the information services provider’s stock after selling 24,746 shares during the period. Alphabet comprises approximately 0.5% of CHURCHILL MANAGEMENT Corp’s holdings, making the stock its 20th largest position. CHURCHILL MANAGEMENT Corp’s holdings in Alphabet were worth $20,802,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Spreng Capital Management Inc. grew its position in shares of Alphabet by 4.0% in the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after purchasing an additional 5 shares during the last quarter. West Family Investments Inc. boosted its position in Alphabet by 0.3% during the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock worth $4,878,000 after acquiring an additional 6 shares during the last quarter. Maple Capital Management Inc. boosted its position in Alphabet by 2.1% during the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock worth $823,000 after acquiring an additional 6 shares during the last quarter. Private Advisory Group LLC boosted its position in Alphabet by 1.8% during the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock worth $1,115,000 after acquiring an additional 7 shares during the last quarter. Finally, Weik Capital Management boosted its holdings in shares of Alphabet by 0.5% in the 1st quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after purchasing an additional 8 shares during the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 price target on shares of Alphabet in a report on Monday, April 3rd. UBS Group boosted their target price on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Oppenheimer boosted their price objective on shares of Alphabet from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. StockNews.com began coverage on shares of Alphabet in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Citigroup upped their price target on shares of Alphabet from $120.00 to $130.00 in a research note on Wednesday, April 26th. Four research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.56.

Insider Buying and Selling at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $14.13, for a total value of $1,423,908.36. Following the completion of the sale, the insider now directly owns 11,421,476 shares of the company’s stock, valued at approximately $161,385,455.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Prabhakar Raghavan sold 32,379 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $103.46, for a total transaction of $3,349,931.34. Following the completion of the transaction, the senior vice president now directly owns 76,580 shares of the company’s stock, valued at approximately $7,922,966.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 100,772 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $14.13, for a total transaction of $1,423,908.36. Following the transaction, the insider now directly owns 11,421,476 shares of the company’s stock, valued at $161,385,455.88. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 732,217 shares of company stock valued at $21,135,371 and sold 753,384 shares valued at $30,574,577. Insiders own 0.88% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $123.48 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.32 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $108.64 and a 200 day simple moving average of $99.13. The company has a market cap of $1.57 trillion, a P/E ratio of 27.50, a P/E/G ratio of 1.54 and a beta of 1.10. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $126.43.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.11. The business had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $57.19 billion. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. During the same period in the prior year, the firm earned $1.23 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 5.41 EPS for the current year.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.