Landscape Capital Management L.L.C. Purchases 1,399 Shares of Alphabet Inc. $GOOGL

Key Points

• Landscape Capital Management L.L.C. increased its holdings in Alphabet Inc. by 5.0%, acquiring 1,399 additional shares, which brought its total to 29,208 shares valued at $4,517,000.
• Alphabet recently reported a strong earnings quarter with $2.31 earnings per share, surpassing analysts' expectations, and a total revenue of $96.43 billion.
• The company declared a quarterly dividend of $0.21 per share, reflecting an annualized dividend yield of 0.4%, set to be paid on September 15th.

Landscape Capital Management L.L.C. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,208 shares of the information services provider's stock after purchasing an additional 1,399 shares during the period. Landscape Capital Management L.L.C.'s holdings in Alphabet were worth $4,517,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GOOGL. Guardian Wealth Management Inc. raised its position in Alphabet by 242.9% in the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock valued at $26,000 after buying an additional 119 shares during the last quarter. von Borstel & Associates Inc. acquired a new stake in Alphabet in the 1st quarter valued at approximately $28,000. IMA Advisory Services Inc. acquired a new stake in Alphabet in the 1st quarter valued at approximately $28,000. NBZ Investment Advisors LLC raised its position in Alphabet by 85.7% in the 1st quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock valued at $30,000 after buying an additional 90 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Alphabet in the 1st quarter valued at approximately $39,000. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Up 0.6%

Shares of NASDAQ:GOOGL traded up $1.27 during trading on Friday, hitting $212.91. 39,702,089 shares of the company were exchanged, compared to its average volume of 29,138,272. The stock has a market cap of $2.57 trillion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.43 and a beta of 1.01. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $214.65. The firm has a fifty day moving average price of $190.44 and a two-hundred day moving average price of $173.96. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.16. The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. As a group, research analysts anticipate that Alphabet Inc. will post 8.9 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. Investors of record on Monday, September 8th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.4%. Alphabet's payout ratio is presently 8.95%.

Analysts Set New Price Targets

GOOGL has been the topic of a number of recent research reports. Susquehanna lifted their target price on Alphabet from $220.00 to $225.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. Citizens Jmp raised Alphabet from a "market perform" rating to an "outperform" rating and set a $220.00 target price on the stock in a research report on Friday, June 27th. Truist Financial reissued a "buy" rating and issued a $200.00 target price on shares of Alphabet in a research report on Wednesday, July 2nd. Needham & Company LLC reissued a "buy" rating and issued a $220.00 target price on shares of Alphabet in a research report on Thursday, August 21st. Finally, Barclays lifted their target price on Alphabet from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and a consensus price target of $211.53.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider directly owned 42,999 shares of the company's stock, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $200.00, for a total value of $200,000.00. Following the transaction, the director directly owned 6,916 shares in the company, valued at $1,383,200. The trade was a 12.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 254,710 shares of company stock valued at $47,225,230 over the last 90 days. 11.55% of the stock is owned by insiders.

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.