Southland Equity Partners LLC Acquires 107 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Southland Equity Partners LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,276 shares of the information services provider’s stock after purchasing an additional 107 shares during the quarter. Southland Equity Partners LLC’s holdings in Alphabet were worth $344,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Range Financial Group LLC purchased a new stake in shares of Alphabet in the first quarter worth about $453,000. Peak Financial Advisors LLC lifted its holdings in shares of Alphabet by 15.6% in the first quarter. Peak Financial Advisors LLC now owns 20,462 shares of the information services provider’s stock worth $3,088,000 after buying an additional 2,762 shares in the last quarter. Lloyd Advisory Services LLC. lifted its holdings in shares of Alphabet by 569.6% in the first quarter. Lloyd Advisory Services LLC. now owns 27,963 shares of the information services provider’s stock worth $4,223,000 after buying an additional 23,787 shares in the last quarter. Global Trust Asset Management LLC lifted its holdings in shares of Alphabet by 49.7% in the first quarter. Global Trust Asset Management LLC now owns 4,551 shares of the information services provider’s stock worth $687,000 after buying an additional 1,510 shares in the last quarter. Finally, First PREMIER Bank lifted its holdings in shares of Alphabet by 8.9% in the first quarter. First PREMIER Bank now owns 1,474 shares of the information services provider’s stock worth $223,000 after buying an additional 120 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $179.22 on Tuesday. The stock has a market cap of $2.21 trillion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 1.35 and a beta of 1.01. The firm’s fifty day simple moving average is $170.54 and its 200 day simple moving average is $153.02. Alphabet Inc. has a twelve month low of $115.35 and a twelve month high of $180.89. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.40. The business had revenue of $80.54 billion for the quarter, compared to analysts’ expectations of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same quarter in the previous year, the business posted $1.17 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 7.6 EPS for the current year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, June 10th. Alphabet’s dividend payout ratio is currently 12.27%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GOOGL. Wedbush raised their target price on shares of Alphabet from $175.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. KeyCorp raised their target price on shares of Alphabet from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Raymond James raised their target price on shares of Alphabet from $160.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Wells Fargo & Company raised their target price on shares of Alphabet from $141.00 to $168.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Finally, Evercore ISI raised their target price on shares of Alphabet from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, June 11th. Five analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.26.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider John Kent Walker sold 12,084 shares of Alphabet stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $151.19, for a total value of $1,826,979.96. Following the completion of the transaction, the insider now owns 48,717 shares of the company’s stock, valued at approximately $7,365,523.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the transaction, the chief accounting officer now directly owns 29,284 shares of the company’s stock, valued at approximately $4,532,870.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 158,458 shares of company stock valued at $26,375,053. 11.55% of the stock is currently owned by company insiders.

About Alphabet

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.