Alphabet Inc. (GOOGL) Shares Bought by CHURCHILL MANAGEMENT Corp

Alphabet Inc. (GOOGL) Shares Bought by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 429.8% during the third quarter, Holdings Channel reports. The firm owned 41,842 shares of the company’s stock after buying an additional 33,945 shares during the period. Alphabet comprises about 1.4% of CHURCHILL MANAGEMENT Corp’s holdings, making the stock its 12th largest position. CHURCHILL MANAGEMENT Corp’s holdings in Alphabet were worth $33,643,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Foothills Asset Management Ltd. boosted its stake in shares of Alphabet by 0.4% in the second quarter. Foothills Asset Management Ltd. now owns 2,363 shares of the company’s stock valued at $1,662,000 after buying an additional 9 shares during the last quarter. Tompkins Financial Corp boosted its stake in shares of Alphabet by 3.7% in the second quarter. Tompkins Financial Corp now owns 2,285 shares of the company’s stock worth $1,608,000 after buying an additional 82 shares during the last quarter. Appropriate Balance Financial Services Inc. boosted its stake in shares of Alphabet by 4.8% in the second quarter. Appropriate Balance Financial Services Inc. now owns 1,579 shares of the company’s stock worth $1,110,000 after buying an additional 72 shares during the last quarter. Abner Herrman & Brock LLC boosted its stake in shares of Alphabet by 11.4% in the second quarter. Abner Herrman & Brock LLC now owns 401 shares of the company’s stock worth $292,000 after buying an additional 41 shares during the last quarter. Finally, Grassi Investment Management boosted its stake in shares of Alphabet by 45.8% in the second quarter. Grassi Investment Management now owns 557 shares of the company’s stock worth $392,000 after buying an additional 175 shares during the last quarter. Institutional investors and hedge funds own 34.54% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOGL) traded down 0.49% during midday trading on Wednesday, hitting $805.99. The stock had a trading volume of 243,635 shares. Alphabet Inc. has a 1-year low of $672.66 and a 1-year high of $839.00. The company’s 50 day moving average price is $792.16 and its 200-day moving average price is $782.33. The firm has a market capitalization of $555.52 billion, a PE ratio of 29.50 and a beta of 0.88.

A number of brokerages have recently weighed in on GOOGL. Jefferies Group reiterated a “buy” rating and set a $1,000.00 price target on shares of Alphabet in a research report on Friday, December 23rd. Robert W. Baird reiterated an “outperform” rating on shares of Alphabet in a research report on Wednesday, December 21st. Aegis began coverage on Alphabet in a research report on Wednesday, December 21st. They set a “buy” rating and a $980.00 price target on the stock. Canaccord Genuity reiterated a “buy” rating and set a $925.00 price target on shares of Alphabet in a research report on Wednesday, December 21st. Finally, Cleveland Research began coverage on Alphabet in a research report on Friday, December 16th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $943.88.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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