Chilton Capital Management LLC Sells 761 Shares of Alphabet Inc Class C (GOOG)

Chilton Capital Management LLC cut its holdings in shares of Alphabet Inc Class C (NASDAQ:GOOG) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,787 shares of the information services provider’s stock after selling 761 shares during the quarter. Alphabet Inc Class C accounts for about 1.6% of Chilton Capital Management LLC’s investment portfolio, making the stock its 15th largest holding. Chilton Capital Management LLC’s holdings in Alphabet Inc Class C were worth $17,566,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Alphabet Inc Class C by 0.4% during the 4th quarter. BlackRock Inc. now owns 18,718,488 shares of the information services provider’s stock valued at $19,587,026,000 after buying an additional 71,862 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Alphabet Inc Class C by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 3,357,642 shares of the information services provider’s stock valued at $3,506,398,000 after buying an additional 105,985 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Alphabet Inc Class C by 0.7% during the 4th quarter. Alliancebernstein L.P. now owns 3,228,459 shares of the information services provider’s stock valued at $3,378,260,000 after buying an additional 23,200 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Alphabet Inc Class C by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 3,213,342 shares of the information services provider’s stock valued at $3,081,757,000 after buying an additional 9,255 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Alphabet Inc Class C by 11.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,012,145 shares of the information services provider’s stock valued at $2,105,510,000 after buying an additional 202,288 shares during the last quarter. Hedge funds and other institutional investors own 34.22% of the company’s stock.

NASDAQ GOOG traded up $17.22 during trading on Thursday, hitting $1,152.01. The company’s stock had a trading volume of 1,350,325 shares, compared to its average volume of 1,802,766. The company has a quick ratio of 4.85, a current ratio of 4.87 and a debt-to-equity ratio of 0.02. The company has a market cap of $785.28 billion, a P/E ratio of 35.94 and a beta of 1.10. Alphabet Inc Class C has a 52 week low of $894.79 and a 52 week high of $1,186.89.

Alphabet Inc Class C (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, April 23rd. The information services provider reported $9.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $9.28 by $0.65. Alphabet Inc Class C had a return on equity of 15.58% and a net margin of 14.19%. The company had revenue of $31.15 billion for the quarter, compared to analyst estimates of $30.28 billion. During the same quarter last year, the firm earned $7.73 EPS. Alphabet Inc Class C’s revenue for the quarter was up 25.8% compared to the same quarter last year.

GOOG has been the subject of several research reports. Vetr upgraded Alphabet Inc Class C from a “hold” rating to a “buy” rating and set a $1,172.75 price target for the company in a report on Monday, March 19th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet Inc Class C in a report on Friday, May 18th. Credit Suisse Group reiterated a “buy” rating on shares of Alphabet Inc Class C in a report on Friday, April 20th. Pivotal Research reduced their price target on Alphabet Inc Class C from $1,110.00 to $1,040.00 and set a “hold” rating for the company in a report on Monday, April 2nd. Finally, BidaskClub downgraded Alphabet Inc Class C from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 21st. Six research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $1,128.30.

In other news, Director Ann Mather sold 37 shares of Alphabet Inc Class C stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $1,028.10, for a total transaction of $38,039.70. Following the sale, the director now owns 1,854 shares of the company’s stock, valued at approximately $1,906,097.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amie Thuener O’toole sold 72 shares of Alphabet Inc Class C stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $1,122.33, for a total value of $80,807.76. Following the sale, the vice president now directly owns 388 shares in the company, valued at approximately $435,464.04. The disclosure for this sale can be found here. Insiders have sold a total of 59,091 shares of company stock worth $64,068,776 in the last three months. 13.11% of the stock is owned by insiders.

About Alphabet Inc Class C

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Institutional Ownership by Quarter for Alphabet Inc Class C (NASDAQ:GOOG)

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