Chilton Capital Management LLC Has $61.86 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Chilton Capital Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 395,970 shares of the information services provider's stock after acquiring an additional 6,008 shares during the period. Alphabet comprises 2.7% of Chilton Capital Management LLC's portfolio, making the stock its 6th biggest position. Chilton Capital Management LLC's holdings in Alphabet were worth $61,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOG. Principia Wealth Advisory LLC increased its stake in shares of Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after buying an additional 85 shares during the period. MorganRosel Wealth Management LLC purchased a new position in Alphabet in the first quarter valued at about $26,000. LSV Asset Management purchased a new position in Alphabet in the fourth quarter valued at about $27,000. Goodman Advisory Group LLC acquired a new position in shares of Alphabet during the first quarter valued at about $32,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $38,000. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on GOOG shares. KeyCorp cut their price target on shares of Alphabet from $202.00 to $185.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Westpark Capital restated a "buy" rating and issued a $210.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Susquehanna restated a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Cantor Fitzgerald reiterated a "neutral" rating and set a $171.00 price target on shares of Alphabet in a research report on Friday, April 25th. Finally, Needham & Company LLC cut Alphabet from a "buy" rating to a "cautious" rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and six have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.38.

Insider Activity at Alphabet

In other news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total value of $1,837,500.00. Following the completion of the sale, the director directly owned 261,966 shares of the company's stock, valued at approximately $45,844,050. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $105,000.00. Following the completion of the sale, the director directly owned 6,813 shares of the company's stock, valued at $1,192,275. The trade was a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 215,643 shares of company stock valued at $36,330,928 over the last three months. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Up 0.3%

GOOG stock opened at $180.22 on Monday. The company's 50 day moving average price is $169.97 and its 200 day moving average price is $175.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.27 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The firm had revenue of $90.23 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.89 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.47%. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. Alphabet's dividend payout ratio is 9.36%.

About Alphabet

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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