Chicago Capital LLC Has $123.85 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Chicago Capital LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 746,762 shares of the information services provider’s stock after acquiring an additional 15,851 shares during the quarter. Alphabet accounts for about 3.4% of Chicago Capital LLC’s holdings, making the stock its 4th largest position. Chicago Capital LLC’s holdings in Alphabet were worth $123,850,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. KFA Private Wealth Group LLC lifted its position in shares of Alphabet by 2.9% in the 3rd quarter. KFA Private Wealth Group LLC now owns 4,374 shares of the information services provider’s stock worth $725,000 after acquiring an additional 123 shares during the period. Etesian Wealth Advisors Inc. lifted its position in shares of Alphabet by 3.9% in the 3rd quarter. Etesian Wealth Advisors Inc. now owns 8,384 shares of the information services provider’s stock worth $1,391,000 after acquiring an additional 312 shares during the period. Integris Wealth Management LLC lifted its position in shares of Alphabet by 18.1% in the 3rd quarter. Integris Wealth Management LLC now owns 2,171 shares of the information services provider’s stock worth $360,000 after acquiring an additional 333 shares during the period. Key Client Fiduciary Advisors LLC lifted its position in shares of Alphabet by 3.5% in the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 9,714 shares of the information services provider’s stock worth $1,611,000 after acquiring an additional 329 shares during the period. Finally, Meridiem Investment Management Ltd. raised its holdings in shares of Alphabet by 2.2% in the 3rd quarter. Meridiem Investment Management Ltd. now owns 678,543 shares of the information services provider’s stock worth $112,562,000 after buying an additional 14,789 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. DA Davidson assumed coverage on Alphabet in a report on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of Alphabet in a report on Tuesday, October 15th. Rosenblatt Securities reissued a “neutral” rating and issued a $181.00 target price on shares of Alphabet in a report on Wednesday, July 24th. Citigroup increased their target price on Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Scotiabank raised Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Seven research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $201.76.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the transaction, the chief accounting officer now directly owns 29,183 shares in the company, valued at approximately $4,927,257.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the transaction, the chief accounting officer now directly owns 29,183 shares in the company, valued at approximately $4,927,257.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total value of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 220,426 shares of company stock worth $35,993,340. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Up 1.8 %

NASDAQ:GOOGL opened at $169.68 on Wednesday. The stock’s fifty day simple moving average is $162.00 and its 200-day simple moving average is $168.74. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.10 trillion, a P/E ratio of 26.02, a P/E/G ratio of 1.27 and a beta of 1.04. Alphabet Inc. has a 12-month low of $122.68 and a 12-month high of $191.75.

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.