Chilton Capital Management LLC cut its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 9.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,249 shares of the information services provider’s stock after selling 556 shares during the period. Chilton Capital Management LLC’s holdings in Alphabet were worth $4,880,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of GOOGL. Vanguard Group Inc. increased its holdings in shares of Alphabet by 3.3% in the second quarter. Vanguard Group Inc. now owns 20,570,476 shares of the information services provider’s stock valued at $19,123,960,000 after buying an additional 662,279 shares in the last quarter. BlackRock Inc. raised its stake in Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 18,633,934 shares of the information services provider’s stock valued at $17,323,595,000 after purchasing an additional 567,337 shares during the period. FMR LLC raised its stake in Alphabet by 2.1% during the 2nd quarter. FMR LLC now owns 17,647,327 shares of the information services provider’s stock valued at $16,406,366,000 after purchasing an additional 367,634 shares during the period. State Street Corp raised its stake in Alphabet by 1.2% during the 1st quarter. State Street Corp now owns 11,946,348 shares of the information services provider’s stock valued at $10,128,119,000 after purchasing an additional 142,214 shares during the period. Finally, Northern Trust Corp raised its stake in Alphabet by 1.9% during the 2nd quarter. Northern Trust Corp now owns 3,698,980 shares of the information services provider’s stock valued at $3,438,868,000 after purchasing an additional 69,736 shares during the period. Institutional investors and hedge funds own 33.62% of the company’s stock.
Several analysts have issued reports on GOOGL shares. SunTrust Banks reissued a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Saturday, September 23rd. Cantor Fitzgerald reissued a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,007.29 price target on the stock. in a research note on Friday, October 6th. Finally, Citigroup reaffirmed a “buy” rating and issued a $1,180.00 price target on shares of Alphabet in a research note on Tuesday, October 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $1,089.17.
Shares of Alphabet Inc (NASDAQ GOOGL) opened at $1,049.38 on Monday. The firm has a market cap of $724,800.00, a P/E ratio of 35.13, a PEG ratio of 1.76 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc has a fifty-two week low of $789.62 and a fifty-two week high of $1,080.00.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.14. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $22.27 billion for the quarter, compared to analysts’ expectations of $21.94 billion. During the same period in the prior year, the firm earned $9.06 earnings per share. equities research analysts forecast that Alphabet Inc will post 32.34 EPS for the current year.
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Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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