1,320 Shares in Alphabet Inc. $GOOG Acquired by Signal Tree Financial Partners LLC

Key Points

• Signal Tree Financial Partners LLC acquired 1,320 shares of Alphabet Inc. (GOOG) valued at approximately $234,000 in the 2nd quarter.
• Alphabet reported a quarterly EPS of $2.31, surpassing the estimate of $2.12, with revenue of $96.43 billion, up 13.8% year-over-year.
• The company declared a quarterly dividend of $0.21 per share, representing an annualized yield of 0.3%, with a dividend payout ratio of 8.95%.

Signal Tree Financial Partners LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,320 shares of the information services provider's stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of GOOG. ACT Advisors LLC. increased its stake in Alphabet by 3.5% in the 2nd quarter. ACT Advisors LLC. now owns 1,625 shares of the information services provider's stock worth $288,000 after acquiring an additional 55 shares during the last quarter. LongView Wealth Management grew its holdings in shares of Alphabet by 1.1% in the second quarter. LongView Wealth Management now owns 5,126 shares of the information services provider's stock valued at $909,000 after purchasing an additional 56 shares in the last quarter. Kooman & Associates increased its position in Alphabet by 1.4% in the second quarter. Kooman & Associates now owns 4,127 shares of the information services provider's stock worth $732,000 after purchasing an additional 56 shares during the last quarter. NCM Capital Management LLC raised its stake in Alphabet by 2.2% during the first quarter. NCM Capital Management LLC now owns 2,802 shares of the information services provider's stock valued at $438,000 after purchasing an additional 60 shares in the last quarter. Finally, Legacy Private Trust Co. lifted its position in Alphabet by 0.6% during the second quarter. Legacy Private Trust Co. now owns 9,956 shares of the information services provider's stock valued at $1,766,000 after purchasing an additional 60 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Trading Down 0.5%

Shares of NASDAQ GOOG opened at $246.57 on Friday. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $256.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $2.98 trillion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.67 and a beta of 1.01. The business's 50 day moving average price is $215.38 and its 200-day moving average price is $183.72.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.67 billion. During the same quarter in the prior year, the company posted $1.89 EPS. Alphabet's quarterly revenue was up 13.8% on a year-over-year basis. On average, sell-side analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 8.95%.

Analysts Set New Price Targets

GOOG has been the subject of a number of recent research reports. The Goldman Sachs Group restated a "buy" rating and issued a $220.00 target price on shares of Alphabet in a report on Monday, June 2nd. Raymond James Financial reiterated an "outperform" rating and issued a $210.00 price target (up previously from $185.00) on shares of Alphabet in a research report on Thursday, July 24th. UBS Group upped their price objective on Alphabet from $186.00 to $192.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Roth Capital reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, Lake Street Capital reiterated a "buy" rating on shares of Alphabet in a report on Wednesday, July 9th. Four analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $230.35.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 23,820 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the transaction, the insider directly owned 42,999 shares in the company, valued at $8,371,905.30. This represents a 35.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 2,778 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 258,088 shares of company stock worth $52,405,304 over the last 90 days. Corporate insiders own 12.99% of the company's stock.

Alphabet Company 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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