CHURCHILL MANAGEMENT Corp Boosts Holdings in Alphabet Inc (NASDAQ:GOOGL)

CHURCHILL MANAGEMENT Corp grew its holdings in shares of Alphabet Inc (NASDAQ:GOOGL) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,947 shares of the information services provider’s stock after purchasing an additional 377 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Alphabet were worth $12,147,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of Alphabet by 0.4% in the third quarter. Nisa Investment Advisors LLC now owns 117,718 shares of the information services provider’s stock valued at $143,750,000 after acquiring an additional 501 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of Alphabet by 12.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 237,737 shares of the information services provider’s stock valued at $290,310,000 after acquiring an additional 26,276 shares during the period. Meeder Asset Management Inc. boosted its position in shares of Alphabet by 87.8% in the third quarter. Meeder Asset Management Inc. now owns 3,289 shares of the information services provider’s stock valued at $4,016,000 after acquiring an additional 1,538 shares during the period. Tradewinds Capital Management LLC boosted its position in shares of Alphabet by 4.4% in the third quarter. Tradewinds Capital Management LLC now owns 472 shares of the information services provider’s stock valued at $576,000 after acquiring an additional 20 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. bought a new position in shares of Alphabet in the third quarter valued at approximately $215,000. Hedge funds and other institutional investors own 33.52% of the company’s stock.

A number of research firms have recently commented on GOOGL. Needham & Company LLC set a $1,350.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. SunTrust Banks restated a “buy” rating and issued a $1,325.00 price objective on shares of Alphabet in a research report on Monday, July 22nd. Moffett Nathanson cut their price objective on shares of Alphabet from $1,290.00 to $1,250.00 and set a “buy” rating for the company in a research report on Monday, June 24th. Oppenheimer set a $1,370.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Raymond James set a $1,360.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average price target of $1,375.78.

GOOGL stock opened at $1,244.41 on Friday. The company has a market capitalization of $862.87 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. Alphabet Inc has a one year low of $977.66 and a one year high of $1,296.97. The company’s 50 day moving average price is $1,216.08 and its two-hundred day moving average price is $1,175.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the consensus estimate of $11.49 by $2.72. The firm had revenue of $31.71 billion for the quarter, compared to the consensus estimate of $30.90 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. On average, research analysts predict that Alphabet Inc will post 51.22 EPS for the current year.

Alphabet Company Profile

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.

Featured Article: G-20

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOGL).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.