EagleClaw Capital Managment LLC Sells 158 Shares of Alphabet Inc. (NASDAQ:GOOGL)

EagleClaw Capital Managment LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 11.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,199 shares of the information services provider’s stock after selling 158 shares during the period. EagleClaw Capital Managment LLC’s holdings in Alphabet were worth $3,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Midwest Professional Planners LTD. lifted its position in shares of Alphabet by 2.3% during the fourth quarter. Midwest Professional Planners LTD. now owns 180 shares of the information services provider’s stock worth $521,000 after purchasing an additional 4 shares in the last quarter. WNY Asset Management LLC lifted its holdings in Alphabet by 2.1% during the 4th quarter. WNY Asset Management LLC now owns 195 shares of the information services provider’s stock worth $567,000 after buying an additional 4 shares in the last quarter. First Farmers & Merchants Bank Trust boosted its position in Alphabet by 4.4% in the 1st quarter. First Farmers & Merchants Bank Trust now owns 94 shares of the information services provider’s stock valued at $261,000 after buying an additional 4 shares during the period. Harbour Capital Advisors LLC grew its stake in shares of Alphabet by 0.3% in the first quarter. Harbour Capital Advisors LLC now owns 1,298 shares of the information services provider’s stock worth $3,610,000 after acquiring an additional 4 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Alphabet by 0.4% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,000 shares of the information services provider’s stock worth $2,781,000 after acquiring an additional 4 shares during the period. Hedge funds and other institutional investors own 1.88% of the company’s stock.

Alphabet Stock Down 1.0 %

Shares of Alphabet stock opened at $108.38 on Friday. Alphabet Inc. has a one year low of $101.88 and a one year high of $151.55. The company has a market cap of $1.41 trillion, a P/E ratio of 20.16, a PEG ratio of 1.73 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 2.81. The firm has a fifty day moving average of $113.66 and a two-hundred day moving average of $119.79.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). The firm had revenue of $57.47 billion for the quarter, compared to analyst estimates of $57.55 billion. Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same quarter last year, the firm earned $27.26 earnings per share. On average, analysts forecast that Alphabet Inc. will post 5.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GOOGL. William Blair reiterated an “outperform” rating on shares of Alphabet in a report on Wednesday, July 27th. Moffett Nathanson cut their target price on shares of Alphabet to $132.50 in a research note on Thursday, May 26th. UBS Group reduced their target price on shares of Alphabet from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Barclays lowered their price target on shares of Alphabet from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, July 5th. Finally, Guggenheim reduced their price objective on shares of Alphabet to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.41.

Insider Transactions at Alphabet

In other Alphabet news, Director Ann Mather sold 300 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $108.94, for a total value of $32,682.00. Following the completion of the sale, the director now owns 11,360 shares of the company’s stock, valued at $1,237,558.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, SVP Prabhakar Raghavan sold 1,109 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the sale, the senior vice president now owns 1,608 shares of the company’s stock, valued at approximately $3,484,117.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 300 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $108.94, for a total value of $32,682.00. Following the completion of the transaction, the director now directly owns 11,360 shares of the company’s stock, valued at $1,237,558.40. The disclosure for this sale can be found here. In the last three months, insiders sold 43,036 shares of company stock valued at $15,564,998. Corporate insiders own 11.44% of the company’s stock.

Alphabet Company Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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