Clear Creek Financial Management LLC Buys 2,139 Shares of Alphabet Inc. (NASDAQ:GOOG)

Clear Creek Financial Management LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 13.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,548 shares of the information services provider's stock after buying an additional 2,139 shares during the period. Clear Creek Financial Management LLC's holdings in Alphabet were worth $2,741,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. LaFleur & Godfrey LLC lifted its stake in shares of Alphabet by 1.2% during the 4th quarter. LaFleur & Godfrey LLC now owns 31,967 shares of the information services provider's stock valued at $6,088,000 after buying an additional 380 shares in the last quarter. Brighton Jones LLC lifted its stake in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after purchasing an additional 6,410 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of Alphabet by 4.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider's stock worth $96,465,000 after acquiring an additional 20,855 shares during the last quarter. Dynasty Wealth Management LLC lifted its stake in Alphabet by 3.2% in the fourth quarter. Dynasty Wealth Management LLC now owns 22,134 shares of the information services provider's stock worth $4,215,000 after purchasing an additional 690 shares during the last quarter. Finally, Mills Wealth Advisors LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at approximately $271,000. 27.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $176.68, for a total value of $5,742,100.00. Following the completion of the sale, the chief executive officer owned 2,555,196 shares in the company, valued at approximately $451,452,029.28. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kavitark Ram Shriram sold 9,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $1,575,000.00. Following the transaction, the director owned 255,400 shares in the company, valued at $44,695,000. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,143 shares of company stock worth $30,529,028 over the last three months. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

Shares of NASDAQ GOOG traded down $0.06 during mid-day trading on Thursday, hitting $179.70. 8,784,356 shares of the company's stock traded hands, compared to its average volume of 21,111,862. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The company's 50-day moving average is $169.27 and its two-hundred day moving average is $175.84. The company has a market capitalization of $2.18 trillion, a P/E ratio of 20.05, a PEG ratio of 1.25 and a beta of 1.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. The business had revenue of $90.23 billion for the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, June 9th. This is a positive change from Alphabet's previous quarterly dividend of $0.20. Alphabet's dividend payout ratio is presently 9.36%.

Analyst Ratings Changes

Several research firms have recently issued reports on GOOG. Westpark Capital reissued a "buy" rating and set a $210.00 target price on shares of Alphabet in a research note on Friday, April 25th. Scotiabank dropped their price target on shares of Alphabet from $232.00 to $200.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 21st. Tigress Financial reaffirmed a "strong-buy" rating on shares of Alphabet in a report on Friday, May 2nd. Cantor Fitzgerald reissued a "neutral" rating and issued a $171.00 target price on shares of Alphabet in a report on Friday, April 25th. Finally, BNP Paribas lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and six have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $206.38.

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.