Chatham Capital Group Inc. Has $7.86 Million Position in Alphabet Inc. (NASDAQ:GOOG)

Chatham Capital Group Inc. reduced its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 0.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,650 shares of the information services provider’s stock after selling 79 shares during the period. Alphabet makes up about 1.4% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 14th biggest position. Chatham Capital Group Inc.’s holdings in Alphabet were worth $7,864,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Partnership Wealth Management LLC acquired a new stake in Alphabet in the fourth quarter worth $26,000. Bruce G. Allen Investments LLC acquired a new stake in Alphabet in the fourth quarter worth $26,000. Equitec Proprietary Markets LLC acquired a new stake in Alphabet in the fourth quarter worth $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in Alphabet in the fourth quarter worth $32,000. Finally, Richardson Financial Services Inc. acquired a new stake in Alphabet in the fourth quarter worth $34,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Stifel Nicolaus increased their target price on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Oppenheimer increased their target price on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 8th. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price on the stock. in a report on Friday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $167.86.

View Our Latest Analysis on GOOG

Alphabet Stock Down 1.8 %

Shares of GOOG stock opened at $183.42 on Monday. The firm has a fifty day moving average of $174.40 and a 200-day moving average of $155.84. 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 Inc. has a 12-month low of $115.83 and a 12-month high of $187.50. The company has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 28.13, a P/E/G ratio of 1.38 and a beta of 1.05.

Alphabet (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 earnings per share. As a group, equities research analysts predict that Alphabet Inc. will post 7.6 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a — dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is currently 12.27%.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total value of $266,880.00. Following the completion of the transaction, the director now owns 3,727 shares of the company’s stock, valued at $663,107.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $177.92, for a total value of $266,880.00. Following the completion of the transaction, the director now owns 3,727 shares of the company’s stock, valued at $663,107.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 800 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total transaction of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares of the company’s stock, valued at approximately $1,275,043.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,026 shares of company stock valued at $24,026,243. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company Profile

(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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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