EagleClaw Capital Managment LLC Sells 1,516 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Key Points

• EagleClaw Capital Management LLC reduced its stake in Alphabet Inc. by 8.6%, selling 1,516 shares to hold 16,189 shares valued at approximately $2.5 million.
• Insiders, including director Kavitark Ram Shriram, sold a total of 273,219 shares valued at nearly $49.5 million in the last quarter, leading to insiders holding 11.64% of the company stock.
• Alphabet announced a quarterly dividend of $0.21 per share, with payment set for September 15th, representing an annualized yield of 0.4%.

EagleClaw Capital Managment LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,189 shares of the information services provider's stock after selling 1,516 shares during the period. EagleClaw Capital Managment LLC's holdings in Alphabet were worth $2,503,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GOOGL. Guardian Wealth Management Inc. raised its holdings in Alphabet by 242.9% in the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock worth $26,000 after acquiring an additional 119 shares during the period. von Borstel & Associates Inc. bought a new position in shares of Alphabet in the first quarter worth about $28,000. IMA Advisory Services Inc. acquired a new position in shares of Alphabet during the 1st quarter worth about $28,000. Financial Gravity Asset Management Inc. bought a new stake in Alphabet during the 1st quarter valued at approximately $39,000. Finally, Elite Financial Inc. acquired a new stake in Alphabet in the 1st quarter valued at approximately $42,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other news, Director Kavitark Ram Shriram sold 15,000 shares of the business's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $2,786,400.00. Following the sale, the director owned 240,400 shares of the company's stock, valued at $44,656,704. The trade was a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 400 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $181.98, for a total transaction of $72,792.00. Following the transaction, the director owned 6,013 shares of the company's stock, valued at $1,094,245.74. The trade was a 6.24% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 273,219 shares of company stock worth $49,474,273. 11.64% of the stock is currently owned by insiders.

Alphabet Stock Up 2.5%

Shares of GOOGL stock opened at $201.42 on Friday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $207.05. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average of $180.89 and a 200-day moving average of $173.15. The company has a market capitalization of $2.44 trillion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 1.33 and a beta of 1.01.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.16. The firm had revenue of $96,428,000 billion during the quarter, compared to analysts' expectations of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. As a group, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be paid a $0.21 dividend. The ex-dividend date is Monday, September 8th. This represents a $0.84 annualized dividend and a yield of 0.4%. Alphabet's payout ratio is presently 8.95%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Alphabet from $203.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Bank of America boosted their price objective on shares of Alphabet from $210.00 to $217.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Oppenheimer upped their price objective on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Truist Financial reissued a "buy" rating and set a $200.00 target price on shares of Alphabet in a research report on Wednesday, July 2nd. Finally, Wedbush boosted their price target on Alphabet from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Ten investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $211.53.

Alphabet 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.

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