Claar Advisors LLC Sells 17,732 Shares of Alphabet Inc. $GOOG

Claar Advisors LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 12.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 120,888 shares of the information services provider’s stock after selling 17,732 shares during the period. Alphabet makes up 11.1% of Claar Advisors LLC’s portfolio, making the stock its 2nd largest holding. Claar Advisors LLC’s holdings in Alphabet were worth $37,935,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kathmere Capital Management LLC boosted its position in shares of Alphabet by 8.5% during the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider’s stock worth $9,381,000 after acquiring an additional 2,341 shares in the last quarter. Baltimore Washington Financial Advisors Inc. boosted its position in shares of Alphabet by 0.9% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider’s stock worth $53,920,000 after acquiring an additional 2,009 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its position in shares of Alphabet by 1.0% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider’s stock worth $86,596,000 after acquiring an additional 2,850 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in shares of Alphabet by 7.5% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider’s stock worth $19,060,000 after acquiring an additional 4,239 shares in the last quarter. Finally, Steginsky Capital LLC boosted its position in shares of Alphabet by 1.0% during the 3rd quarter. Steginsky Capital LLC now owns 680,588 shares of the information services provider’s stock worth $165,757,000 after acquiring an additional 6,523 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Negative Sentiment: Britain’s competition watchdog set new requirements for Google Search, demanding greater transparency in ranking results and fairer treatment for businesses, adding to global regulatory scrutiny that could pressure Alphabet’s core search business. UK regulator sets out conduct requirements for Google’s search services
• Negative Sentiment: Analyst commentary remains cautious, with concerns about Alphabet’s high AI spending, heavy capital expenditures, competition, and valuation limiting enthusiasm despite strong growth prospects. AI Spending Is Strengthening the Alphabet (GOOGL) Bull Case
• Neutral Sentiment: Alphabet showcased more AI momentum at the G7, where Google DeepMind’s Demis Hassabis backed a U.S.-led AI coalition, reinforcing the company’s influence in frontier AI policy and investment discussions. CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
• Neutral Sentiment: Google also launched Android 17 and a new Gemini-focused smart speaker, highlighting ongoing product innovation that could support long-term ecosystem growth but is not an immediate earnings catalyst. Google bets on Gemini to reinvent the smart home speaker
• Positive Sentiment: HSBC expanded its partnership with Google Cloud to grow AI usage, a sign that Alphabet’s cloud and enterprise AI business continues to gain traction with major customers. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Alphabet is also expanding its physical and digital footprint, including a $1.5 billion Alabama data center investment and new Google-supported initiatives, which support the company’s AI infrastructure buildout. Alphabet (GOOGL) to Spend $1.5 Billion Expanding Alabama Data Center

Analyst Upgrades and Downgrades

GOOG has been the topic of several analyst reports. KeyCorp reiterated an “overweight” rating on shares of Alphabet in a research report on Wednesday, May 20th. Scotiabank reiterated an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a research report on Monday, June 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 price target on shares of Alphabet in a research report on Thursday, May 21st. Finally, Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, March 13th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $376.78.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director directly owned 2,531 shares of the company’s stock, valued at $995,341.06. The trade was a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 159,466 shares of company stock valued at $6,957,543. 12.99% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $362.10 on Thursday. The company has a market cap of $4.39 trillion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.59 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a 50 day simple moving average of $361.98 and a 200 day simple moving average of $330.47. Alphabet Inc. has a one year low of $163.33 and a one year high of $404.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.81 earnings per share. Research analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s payout ratio is 6.71%.

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.