Claar Advisors LLC Grows Position in Alphabet Inc (GOOG)

Claar Advisors LLC increased its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 15.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,102 shares of the information services provider’s stock after acquiring an additional 149 shares during the quarter. Claar Advisors LLC’s holdings in Alphabet were worth $1,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Beach Investment Management LLC. acquired a new stake in shares of Alphabet in the second quarter valued at approximately $268,000. Barrett Asset Management LLC increased its stake in shares of Alphabet by 1.4% in the second quarter. Barrett Asset Management LLC now owns 37,304 shares of the information services provider’s stock valued at $33,899,000 after purchasing an additional 517 shares during the period. HL Financial Services LLC increased its stake in shares of Alphabet by 2.0% in the second quarter. HL Financial Services LLC now owns 120,090 shares of the information services provider’s stock valued at $109,129,000 after purchasing an additional 2,336 shares during the period. Global X Management Co. LLC increased its stake in shares of Alphabet by 11.3% in the second quarter. Global X Management Co. LLC now owns 1,502 shares of the information services provider’s stock valued at $1,365,000 after purchasing an additional 152 shares during the period. Finally, Legacy Capital Partners Inc. increased its stake in shares of Alphabet by 104.0% in the second quarter. Legacy Capital Partners Inc. now owns 1,467 shares of the information services provider’s stock valued at $1,333,000 after purchasing an additional 748 shares during the period. Hedge funds and other institutional investors own 34.34% of the company’s stock.

In related news, VP James Grier Campbell sold 184 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $1,012.66, for a total value of $186,329.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $1,015.80, for a total transaction of $38,600.40. Following the completion of the sale, the director now owns 1,813 shares of the company’s stock, valued at approximately $1,841,645.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,010 shares of company stock valued at $45,958,216. 13.92% of the stock is owned by insiders.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,126.79 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11. The company has a market cap of $797,770.00, a P/E ratio of 35.10 and a beta of 1.01. Alphabet Inc has a 12-month low of $803.37 and a 12-month high of $1,186.89.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $10.07 by ($0.37). The firm had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.88 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the company posted $9.36 EPS.

Alphabet announced that its board has initiated a share repurchase program on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in shares. This repurchase authorization authorizes the information services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Several equities research analysts have commented on GOOG shares. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, January 26th. UBS Group restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Wells Fargo & Co restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Jefferies Group reiterated a “buy” rating on shares of Alphabet in a report on Friday, February 2nd. Finally, Societe Generale reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-six have issued a buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,064.49.

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Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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