Clarius Group LLC Has $11.06 Million Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Clarius Group LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,523 shares of the information services provider's stock after acquiring an additional 5,434 shares during the quarter. Alphabet comprises about 0.7% of Clarius Group LLC's investment portfolio, making the stock its 23rd biggest holding. Clarius Group LLC's holdings in Alphabet were worth $11,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Planning Associates Inc bought a new position in shares of Alphabet during the 4th quarter valued at about $30,000. PayPay Securities Corp raised its holdings in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $49,000. Navigoe LLC bought a new stake in Alphabet during the fourth quarter worth approximately $51,000. Finally, Prudent Man Investment Management Inc. acquired a new position in Alphabet in the fourth quarter worth approximately $53,000. Institutional investors own 40.03% of the company's stock.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $168.71, for a total value of $5,483,075.00. Following the sale, the chief executive officer now owns 2,587,696 shares of the company's stock, valued at $436,570,192.16. The trade was a 1.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 11,764 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the sale, the insider now owns 49,037 shares in the company, valued at $8,181,333.08. This trade represents a 19.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 195,570 shares of company stock valued at $32,003,532. Company insiders own 11.64% of the company's stock.

Alphabet Stock Performance

Alphabet stock traded down $6.68 during trading hours on Friday, hitting $166.64. The stock had a trading volume of 75,073,701 shares, compared to its average volume of 30,656,043. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $207.05. The company has a market cap of $2.02 trillion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The company has a 50-day moving average of $164.58 and a two-hundred day moving average of $174.75. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The business had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. During the same period in the prior year, the company posted $1.89 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were paid a $0.21 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.50%. Alphabet's dividend payout ratio is currently 9.36%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $178.00 price objective on shares of Alphabet in a research report on Friday, April 25th. Citigroup boosted their target price on Alphabet from $195.00 to $200.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Wedbush set a $190.00 price target on Alphabet and gave the company an "outperform" rating in a research report on Tuesday, April 15th. Rosenblatt Securities restated a "neutral" rating and set a $189.00 price objective on shares of Alphabet in a report on Wednesday, May 21st. Finally, Morgan Stanley reduced their price objective on shares of Alphabet from $210.00 to $185.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $199.75.

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.