Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Clayton Partners LLC

Clayton Partners LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 15.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,482 shares of the information services provider’s stock after selling 4,639 shares during the period. Alphabet comprises approximately 3.8% of Clayton Partners LLC’s investment portfolio, making the stock its 8th largest position. Clayton Partners LLC’s holdings in Alphabet were worth $4,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have recently made changes to their positions in the stock. Richardson Financial Services Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at about $34,000. 1620 Investment Advisors Inc. purchased a new stake in Alphabet in the second quarter valued at $37,000. Slocum Gordon & Co LLP bought a new position in Alphabet in the second quarter valued at $44,000. Hoese & Co LLP boosted its stake in Alphabet by 62.5% in the second quarter. Hoese & Co LLP now owns 260 shares of the information services provider’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Finally, Iron Horse Wealth Management LLC purchased a new position in Alphabet in the second quarter valued at $48,000. 27.26% of shares are held by institutional investors.

Analysts on Wall Street are forecasting an increase

A number of research firms recently issued reports on GOOG. DA Davidson raised Alphabet to a “hold” rating in a report on Tuesday, September 10th. Rosenblatt Securities cut shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price objective for the company. in a research report on Friday, June 28th. Oppenheimer upped their target price on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Finally, Cantor Fitzgerald upgraded shares of Alphabet to a “hold” rating in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Moderate Buy” and an average target price of $182.86, based on data from MarketBeat.com.

See the latest stock report on GOOG

Alphabet stock 0.9%

Shares of NASDAQ:GOOG opened at $164.64 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08, and a quick ratio of 2.08. The stock has a market cap of $2.03 trillion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.13 and a beta of 1.04. The company has a 50-day moving average of $166.26 and a 200-day moving average of $166.79. Alphabet Inc. it has a one year low of $121.46 and a one year high of $193.31.

Alphabet (NASDAQ:GOOG – Get Your Free Report ) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion during the quarter, compared to analyst estimates of $84.22 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. In the same quarter in the previous year, the business earned $1.44 EPS. On average, sell-side analysts forecast that Alphabet Inc. will post 7.63 earnings per share for the current year.

Alphabetical announcement of dividends

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 9. This represents a dividend of $0.80 on an annualized basis and a yield of 0.49%. Alphabet’s dividend payout ratio is currently 12.27%.

Insider buying and selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $186.74, for a total transaction of $4,201,650.00. Following the completion of the transaction, the chief executive officer now directly owns 2,227,385 shares in the company, valued at approximately $415,941,874.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $183.47, for a total transaction of $125,126.54. Following the sale, the chief accounting officer now owns 30,650 shares of the company’s stock, valued at approximately $5,623,355.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $186.74, for a total value of $4,201,650.00. Following the transaction, the chief executive officer now owns 2,227,385 shares in the company, valued at $415,941,874.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 202,667 shares of company stock worth $33,964,256. 12.99% of shares are currently owned by company insiders.

About Alphabet

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It works through Google services, Google Cloud and other betting segments. The Google Services segment offers products and services, including advertising, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.

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