Chatham Capital Group Inc. Acquires 526 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Chatham Capital Group Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,184 shares of the information services provider’s stock after purchasing an additional 526 shares during the period. Chatham Capital Group Inc.’s holdings in Alphabet were worth $933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Alphabet in the fourth quarter valued at $30,000. DiNuzzo Private Wealth Inc. bought a new stake in Alphabet in the 4th quarter valued at about $38,000. Richardson Capital Management LLC raised its stake in Alphabet by 87.5% in the 1st quarter. Richardson Capital Management LLC now owns 300 shares of the information services provider’s stock valued at $45,000 after acquiring an additional 140 shares during the period. Armor Investment Advisors LLC boosted its position in Alphabet by 31.0% during the fourth quarter. Armor Investment Advisors LLC now owns 338 shares of the information services provider’s stock worth $47,000 after purchasing an additional 80 shares during the period. Finally, IAG Wealth Partners LLC increased its stake in shares of Alphabet by 55.9% in the fourth quarter. IAG Wealth Partners LLC now owns 343 shares of the information services provider’s stock worth $48,000 after purchasing an additional 123 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Up 0.3 %

NASDAQ GOOGL opened at $185.82 on Thursday. The firm has a market cap of $2.30 trillion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.37 and a beta of 1.05. Alphabet Inc. has a 1-year low of $115.35 and a 1-year high of $186.09. The stock has a 50-day moving average of $173.92 and a 200-day moving average of $155.17. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion during the quarter, compared to the consensus estimate of $66.04 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio (DPR) is presently 12.27%.

Insider Buying and Selling at Alphabet

In related news, SVP Prabhakar Raghavan sold 3,262 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $183.99, for a total value of $600,175.38. Following the sale, the senior vice president now directly owns 9 shares of the company’s stock, valued at $1,655.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $157.41, for a total value of $3,541,725.00. Following the completion of the transaction, the chief executive officer now directly owns 2,303,011 shares in the company, valued at approximately $362,516,961.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 3,262 shares of Alphabet stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $183.99, for a total transaction of $600,175.38. Following the sale, the senior vice president now directly owns 9 shares in the company, valued at approximately $1,655.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,788 shares of company stock worth $21,143,403. 11.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent research reports. Tigress Financial lifted their price objective on shares of Alphabet from $176.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Friday, May 24th. JPMorgan Chase & Co. increased their price objective on Alphabet from $165.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Piper Sandler reaffirmed an “overweight” rating and set a $200.00 target price (up previously from $160.00) on shares of Alphabet in a report on Friday, April 26th. Raymond James increased their price target on shares of Alphabet from $160.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Loop Capital reaffirmed a “hold” rating and set a $170.00 price objective on shares of Alphabet in a research note on Wednesday. Six research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $193.66.

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.