Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,805 shares of the information services provider’s stock after acquiring an additional 1,090 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Alphabet were worth $2,953,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GOOGL. Bellwether Advisors LLC raised its stake in Alphabet by 336.9% during the third quarter. Bellwether Advisors LLC now owns 11,439 shares of the information services provider’s stock valued at $1,897,000 after buying an additional 8,821 shares in the last quarter. Grandfield & Dodd LLC raised its stake in Alphabet by 37.8% during the third quarter. Grandfield & Dodd LLC now owns 81,792 shares of the information services provider’s stock valued at $13,565,000 after buying an additional 22,454 shares in the last quarter. Portfolio Design Labs LLC raised its stake in Alphabet by 8.2% during the third quarter. Portfolio Design Labs LLC now owns 1,696 shares of the information services provider’s stock valued at $281,000 after buying an additional 129 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Alphabet by 0.3% during the third quarter. First Horizon Advisors Inc. now owns 136,401 shares of the information services provider’s stock valued at $22,622,000 after buying an additional 449 shares in the last quarter. Finally, Howe & Rusling Inc. raised its stake in Alphabet by 1.4% during the third quarter. Howe & Rusling Inc. now owns 5,260 shares of the information services provider’s stock valued at $872,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,835 shares of Alphabet stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the transaction, the chief accounting officer now directly owns 29,182 shares in the company, valued at approximately $4,421,948.46. The trade was a 8.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total value of $1,898,190.00. Following the completion of the transaction, the director now owns 330,466 shares in the company, valued at $59,741,643.48. The trade was a 3.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,624 shares of company stock worth $27,803,730 over the last three months. Corporate insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GOOGL. Bank of America upped their price objective on Alphabet from $206.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Pivotal Research upped their target price on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Tigress Financial upped their target price on Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a report on Thursday, September 26th. DA Davidson started coverage on Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 target price for the company. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $190.00 target price on shares of Alphabet in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.90.

Alphabet Price Performance

GOOGL opened at $174.37 on Thursday. The stock has a market cap of $2.13 trillion, a price-to-earnings ratio of 23.13, a PEG ratio of 1.22 and a beta of 1.01. Alphabet Inc. has a 1 year low of $128.25 and a 1 year high of $191.75. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $169.10 and a 200 day moving average price of $170.29.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $72.85 billion. During the same quarter last year, the firm earned $1.55 earnings per share. Analysts forecast that Alphabet Inc. will post 8.01 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is currently 10.61%.

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.