Chilton Capital Management LLC Buys 71,869 Shares of Alphabet Inc. $GOOG

Chilton Capital Management LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 18.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 467,839 shares of the information services provider’s stock after buying an additional 71,869 shares during the period. Alphabet comprises approximately 3.0% of Chilton Capital Management LLC’s holdings, making the stock its 6th largest position. Chilton Capital Management LLC’s holdings in Alphabet were worth $82,990,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GOOG. Brighton Jones LLC increased its stake in Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after buying an additional 6,410 shares during the period. Revisor Wealth Management LLC increased its stake in Alphabet by 107.9% during the 1st quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock valued at $572,000 after buying an additional 1,899 shares during the period. Golden State Wealth Management LLC increased its stake in Alphabet by 6.2% during the 1st quarter. Golden State Wealth Management LLC now owns 10,160 shares of the information services provider’s stock valued at $1,587,000 after buying an additional 594 shares during the period. Waterfront Wealth Inc. grew its stake in shares of Alphabet by 1.9% in the 1st quarter. Waterfront Wealth Inc. now owns 4,695 shares of the information services provider’s stock worth $734,000 after purchasing an additional 89 shares during the last quarter. Finally, Crown Wealth Group LLC grew its stake in shares of Alphabet by 1.5% in the 1st quarter. Crown Wealth Group LLC now owns 5,595 shares of the information services provider’s stock worth $874,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

GOOG stock opened at $268.43 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market cap of $3.25 trillion, a P/E ratio of 28.59, a P/E/G ratio of 1.82 and a beta of 1.00. The firm has a 50 day simple moving average of $239.97 and a 200 day simple moving average of $198.46. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $271.38.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GOOG shares. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Raymond James Financial set a $275.00 price objective on shares of Alphabet and gave the stock an “outperform” rating in a research note on Friday. Hsbc Global Res raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Alphabet in a research note on Wednesday, July 9th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $280.45.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 103 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total transaction of $25,042.39. Following the completion of the sale, the director directly owned 17,284 shares in the company, valued at approximately $4,202,258.92. This trade represents a 0.59% decrease in their ownership of the stock. 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 2,778 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total transaction of $694,638.90. Following the sale, the chief accounting officer owned 14,516 shares of the company’s stock, valued at approximately $3,629,725.80. This represents a 16.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 246,150 shares of company stock valued at $55,805,379 in the last 90 days. Corporate 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.