CHICAGO TRUST Co NA Cuts Holdings in Alphabet Inc. (NASDAQ:GOOG)

CHICAGO TRUST Co NA reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,406 shares of the information services provider’s stock after selling 2,625 shares during the quarter. Alphabet comprises about 1.2% of CHICAGO TRUST Co NA’s investment portfolio, making the stock its 12th biggest position. CHICAGO TRUST Co NA’s holdings in Alphabet were worth $6,933,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GOOG. Weiss Asset Management LP acquired a new stake in shares of Alphabet during the third quarter valued at about $25,000. Abich Financial Wealth Management LLC grew its stake in shares of Alphabet by 9,200.0% during the second quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider’s stock valued at $34,000 after acquiring an additional 184 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Alphabet during the third quarter valued at about $33,000. HWG Holdings LP acquired a new stake in shares of Alphabet during the second quarter valued at about $40,000. Finally, Sanctuary Wealth Management L.L.C. grew its stake in shares of Alphabet by 87.3% during the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 117 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,834 shares of Alphabet stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $167.23, for a total value of $473,929.82. Following the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,406,343.27. The trade was a 9.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. This trade represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 154,387 shares of company stock valued at $27,748,931 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG traded down $2.65 during mid-day trading on Monday, reaching $190.52. 5,904,797 shares of the company’s stock traded hands, compared to its average volume of 15,350,936. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $202.88. The stock has a market capitalization of $2.33 trillion, a P/E ratio of 25.27, a price-to-earnings-growth ratio of 1.34 and a beta of 0.99. The business’s 50-day moving average price is $184.12 and its 200-day moving average price is $174.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $86.39 billion. During the same quarter in the previous year, the company earned $1.55 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. Equities analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.42%. Alphabet’s payout ratio is 10.61%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GOOG. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Seaport Res Ptn upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Wells Fargo & Company lifted their price target on Alphabet from $182.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. UBS Group lifted their price target on Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer lifted their price target on Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $200.56.

Alphabet Company 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.