Skylands Capital LLC Has $23.30 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Skylands Capital LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 18.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 166,825 shares of the information services provider’s stock after acquiring an additional 26,025 shares during the period. Alphabet comprises 3.4% of Skylands Capital LLC’s holdings, making the stock its 6th largest position. Skylands Capital LLC’s holdings in Alphabet were worth $23,304,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GOOGL. Hardman Johnston Global Advisors LLC grew its holdings in Alphabet by 2.8% in the third quarter. Hardman Johnston Global Advisors LLC now owns 465,963 shares of the information services provider’s stock worth $60,976,000 after purchasing an additional 12,775 shares during the period. Moisand Fitzgerald Tamayo LLC grew its holdings in Alphabet by 47.4% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 1,291 shares of the information services provider’s stock worth $169,000 after purchasing an additional 415 shares during the period. Quattro Financial Advisors LLC grew its holdings in Alphabet by 39.9% in the third quarter. Quattro Financial Advisors LLC now owns 52,621 shares of the information services provider’s stock worth $6,886,000 after purchasing an additional 15,000 shares during the period. Outfitter Financial LLC grew its holdings in Alphabet by 0.6% in the third quarter. Outfitter Financial LLC now owns 20,165 shares of the information services provider’s stock worth $2,639,000 after purchasing an additional 130 shares during the period. Finally, Lantz Financial LLC grew its holdings in Alphabet by 18.8% in the third quarter. Lantz Financial LLC now owns 3,457 shares of the information services provider’s stock worth $452,000 after purchasing an additional 547 shares during the period. 40.03% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $175.76, for a total transaction of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Monday, March 4th. The stock was sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the transaction, the chief accounting officer now directly owns 28,602 shares of the company’s stock, valued at $3,903,886.98. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 275,129 shares of company stock valued at $40,382,765. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GOOGL shares. Truist Financial upped their price objective on shares of Alphabet from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 26th. JPMorgan Chase & Co. increased their price target on shares of Alphabet from $165.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Evercore ISI increased their price target on shares of Alphabet from $160.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, April 26th. BMO Capital Markets increased their price target on shares of Alphabet from $185.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Wolfe Research increased their price target on shares of Alphabet from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Five investment 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.60.

Alphabet Stock Up 0.5 %

Shares of GOOGL stock opened at $168.10 on Tuesday. The company has a market capitalization of $2.08 trillion, a price-to-earnings ratio of 25.78, a PEG ratio of 1.28 and a beta of 1.02. Alphabet Inc. has a one year low of $105.16 and a one year high of $174.71. The company’s fifty day moving average price is $150.75 and its 200-day moving average price is $142.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.15.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.49 by $0.40. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $66.04 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. During the same period last year, the firm earned $1.17 EPS. Sell-side analysts expect that Alphabet Inc. will post 7.57 EPS for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 10th. This represents a $0.80 annualized dividend and a yield of 0.48%.

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.