Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by 360 Financial Inc.

Key Points

• 360 Financial Inc. has increased its stake in Alphabet Inc. by 74.2%, owning a total of 3,571 shares valued at approximately $558,000 as of the latest SEC filing.
• Alphabet reported earnings of $2.31 per share for the latest quarter, surpassing analysts' expectations of $2.12, with revenue climbing 13.8% year-over-year to $96.43 billion.
• The company has announced a quarterly dividend of $0.21 per share, with an ex-dividend date of September 8th, representing a 0.43% dividend yield.

360 Financial Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 74.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,571 shares of the information services provider's stock after purchasing an additional 1,521 shares during the quarter. 360 Financial Inc.'s holdings in Alphabet were worth $558,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Principia Wealth Advisory LLC increased its stake in Alphabet by 111.8% in the 1st quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock worth $26,000 after buying an additional 85 shares during the period. MorganRosel Wealth Management LLC bought a new stake in Alphabet during the 1st quarter valued at about $26,000. LSV Asset Management bought a new stake in Alphabet during the 4th quarter valued at about $27,000. Goodman Advisory Group LLC bought a new stake in Alphabet during the 1st quarter valued at about $32,000. Finally, Graybill Wealth Management LTD. bought a new stake in Alphabet during the 1st quarter valued at about $44,000. Institutional investors own 27.26% of the company's stock.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 400 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $181.98, for a total value of $72,792.00. Following the completion of the sale, the director owned 6,013 shares of the company's stock, valued at approximately $1,094,245.74. This represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kavitark Ram Shriram sold 18,566 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the completion of the transaction, the director directly owned 243,400 shares in the company, valued at $45,213,984. The trade was a 7.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 249,298 shares of company stock valued at $43,505,967 over the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

NASDAQ:GOOG traded up $1.01 during trading hours on Wednesday, reaching $197.44. 21,048,793 shares of the company were exchanged, compared to its average volume of 24,257,904. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock's 50-day moving average is $178.54 and its 200-day moving average is $174.69. The firm has a market cap of $2.40 trillion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 1.30 and a beta of 1.01. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 8th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet's payout ratio is 8.95%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GOOG shares. Piper Sandler reiterated a "neutral" rating on shares of Alphabet in a report on Wednesday, July 9th. Rosenblatt Securities raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 25th. Susquehanna reissued a "positive" rating on shares of Alphabet in a research report on Friday, May 2nd. Citizens Jmp raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Thursday, June 26th. Finally, Westpark Capital reissued a "buy" rating and set a $210.00 target price on shares of Alphabet in a research report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have assigned a buy rating and five have given a strong buy rating to the company's stock. According to MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $215.19.

Alphabet 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.