EagleClaw Capital Managment LLC Has $9.29 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

EagleClaw Capital Managment LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,577 shares of the information services provider’s stock after acquiring an additional 2,325 shares during the quarter. Alphabet comprises approximately 1.6% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its 20th biggest holding. EagleClaw Capital Managment LLC’s holdings in Alphabet were worth $9,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bellwether Advisors LLC increased its position in Alphabet by 8.9% in the 3rd quarter. Bellwether Advisors LLC now owns 1,290 shares of the information services provider’s stock valued at $216,000 after acquiring an additional 105 shares in the last quarter. Grandfield & Dodd LLC increased its position in Alphabet by 0.6% in the 3rd quarter. Grandfield & Dodd LLC now owns 21,760 shares of the information services provider’s stock valued at $3,638,000 after acquiring an additional 130 shares in the last quarter. Portfolio Design Labs LLC increased its position in Alphabet by 4.2% in the 3rd quarter. Portfolio Design Labs LLC now owns 65,451 shares of the information services provider’s stock valued at $10,943,000 after acquiring an additional 2,632 shares in the last quarter. Value Aligned Research Advisors LLC increased its position in Alphabet by 143.4% in the 3rd quarter. Value Aligned Research Advisors LLC now owns 4,308 shares of the information services provider’s stock valued at $720,000 after acquiring an additional 2,538 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in Alphabet by 1.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 164,232 shares of the information services provider’s stock valued at $27,458,000 after acquiring an additional 2,304 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Down 1.0 %

Shares of Alphabet stock traded down $1.87 on Wednesday, hitting $177.71. The company had a trading volume of 1,009,674 shares, compared to its average volume of 19,474,795. The firm has a market capitalization of $2.18 trillion, a P/E ratio of 23.82, a P/E/G ratio of 1.22 and a beta of 1.04. Alphabet Inc. has a twelve month low of $129.40 and a twelve month high of $193.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The stock has a 50-day moving average of $168.15 and a 200-day moving average of $171.87.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 earnings per share. Research analysts predict that Alphabet Inc. will post 7.99 earnings per share for the current year.

Alphabet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio is presently 10.61%.

Insider Transactions at Alphabet

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total transaction of $1,862,805.00. Following the sale, the director now directly owns 319,966 shares of the company’s stock, valued at approximately $56,765,168.06. This represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 441 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the sale, the director now directly owns 16,490 shares in the company, valued at $2,820,779.40. This trade represents a 2.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 184,295 shares of company stock valued at $30,698,791 over the last 90 days. 12.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Oppenheimer raised their target price on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Jefferies Financial Group raised their target price on shares of Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Alphabet from $208.00 to $212.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $200.56.

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.