Signaturefd LLC Purchases 3,471 Shares of Alphabet Inc. $GOOGL

Key Points

• Signaturefd LLC increased its stake in Alphabet Inc. by 1.6%, purchasing an additional 3,471 shares, bringing its total holdings to 218,548 shares valued at approximately $38.5 million.
• Alphabet recently reported earnings of $2.31 per share for the quarter, surpassing estimates, and had a revenue of $96.43 billion against expectations of $93.60 billion.
• The company declared a quarterly dividend of $0.21 per share, representing an annual yield of 0.3%, with a payout ratio of 8.95% as of the latest quarter.

Signaturefd LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 218,548 shares of the information services provider's stock after buying an additional 3,471 shares during the period. Alphabet comprises approximately 0.7% of Signaturefd LLC's holdings, making the stock its 22nd largest position. Signaturefd LLC's holdings in Alphabet were worth $38,515,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Missouri Trust & Investment Co lifted its stake in Alphabet by 0.3% in the 2nd quarter. Missouri Trust & Investment Co now owns 16,916 shares of the information services provider's stock worth $2,981,000 after purchasing an additional 55 shares in the last quarter. AM Investment Strategies LLC lifted its stake in Alphabet by 0.9% in the 2nd quarter. AM Investment Strategies LLC now owns 6,477 shares of the information services provider's stock worth $1,141,000 after purchasing an additional 57 shares in the last quarter. Bfsg LLC lifted its stake in Alphabet by 0.6% in the 2nd quarter. Bfsg LLC now owns 10,428 shares of the information services provider's stock worth $1,838,000 after purchasing an additional 59 shares in the last quarter. Enzi Wealth lifted its stake in Alphabet by 2.5% in the 1st quarter. Enzi Wealth now owns 2,561 shares of the information services provider's stock worth $408,000 after purchasing an additional 62 shares in the last quarter. Finally, Park Capital Management LLC WI lifted its stake in Alphabet by 1.1% in the 2nd quarter. Park Capital Management LLC WI now owns 6,005 shares of the information services provider's stock worth $1,058,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $244.90 on Thursday. The company has a market capitalization of $2.96 trillion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.64 and a beta of 1.00. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $256.00. The firm's 50-day moving average is $219.14 and its 200 day moving average is $184.66. 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 issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, beating the consensus estimate of $2.15 by $0.16. The company had revenue of $96.43 billion for the quarter, compared to the consensus estimate of $93.60 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. Research analysts predict that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The company also recently declared 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. This represents a $0.84 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, September 8th. Alphabet's dividend payout ratio is presently 8.95%.

Analyst Ratings Changes

Several analysts have commented on GOOGL shares. Guggenheim boosted their price target on shares of Alphabet from $190.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Citizens Jmp boosted their price target on shares of Alphabet from $250.00 to $290.00 and gave the stock an "outperform" rating in a research note on Friday, September 19th. Phillip Securities cut shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, September 8th. Piper Sandler boosted their price target on shares of Alphabet from $220.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, September 18th. Finally, Needham & Company LLC boosted their price target on shares of Alphabet from $220.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Four analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $237.10.

Insider Activity

In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $184.38, for a total transaction of $5,992,350.00. Following the transaction, the chief executive officer directly owned 2,527,392 shares in the company, valued at approximately $466,000,536.96. This represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 2,778 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the transaction, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. This represents a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 243,285 shares of company stock valued at $50,994,787. 11.64% of the stock is currently owned by company 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.

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