EagleClaw Capital Managment LLC lowered its position in Alphabet Inc (NASDAQ:GOOGL) by 1.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,525 shares of the information services provider’s stock after selling 25 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Alphabet were worth $1,770,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of GOOGL. Stephenson National Bank & Trust acquired a new stake in Alphabet during the fourth quarter worth approximately $27,000. Cox Capital Mgt LLC acquired a new stake in Alphabet during the first quarter worth approximately $27,000. TFO TDC LLC acquired a new stake in Alphabet during the fourth quarter worth approximately $32,000. BigSur Wealth Management LLC acquired a new stake in Alphabet during the fourth quarter worth approximately $33,000. Finally, HighMark Wealth Management LLC acquired a new stake in Alphabet during the fourth quarter worth approximately $34,000. Institutional investors own 34.29% of the company’s stock.
Shares of NASDAQ GOOGL opened at $1,413.24 on Friday. The firm has a market capitalization of $960.27 billion, a P/E ratio of 28.52, a PEG ratio of 2.11 and a beta of 1.06. Alphabet Inc has a one year low of $1,008.87 and a one year high of $1,530.74. The company’s fifty day moving average is $1,281.39 and its two-hundred day moving average is $1,330.33. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.64 and a current ratio of 3.66.
Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, April 28th. The information services provider reported $9.87 EPS for the quarter, missing the consensus estimate of $11.16 by ($1.29). Alphabet had a return on equity of 17.43% and a net margin of 20.71%. The business had revenue of $33.71 billion during the quarter, compared to analysts’ expectations of $32.59 billion. During the same quarter in the prior year, the firm earned $9.50 earnings per share. On average, sell-side analysts forecast that Alphabet Inc will post 41.47 earnings per share for the current fiscal year.
GOOGL has been the topic of a number of research analyst reports. UBS Group cut their price objective on shares of Alphabet from $1,675.00 to $1,530.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Nomura Securities lifted their target price on shares of Alphabet from $1,560.00 to $1,680.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $1,500.00 target price on shares of Alphabet in a report on Monday, April 27th. Aegis lifted their target price on shares of Alphabet from $1,425.00 to $1,800.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Pivotal Research cut their target price on shares of Alphabet from $1,700.00 to $1,425.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Four investment analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average price target of $1,505.34.
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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