Aspire Growth Partners LLC Purchases 482 Shares of Alphabet Inc. $GOOG

Aspire Growth Partners LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,196 shares of the information services provider’s stock after buying an additional 482 shares during the quarter. Alphabet accounts for approximately 1.0% of Aspire Growth Partners LLC’s holdings, making the stock its 24th largest position. Aspire Growth Partners LLC’s holdings in Alphabet were worth $1,081,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JDM Financial Group LLC grew its position in shares of Alphabet by 10.6% during the fourth quarter. JDM Financial Group LLC now owns 593 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 57 shares in the last quarter. Objectivity Squared LLC grew its position in Alphabet by 0.4% in the first quarter. Objectivity Squared LLC now owns 16,342 shares of the information services provider’s stock worth $2,605,000 after acquiring an additional 62 shares in the last quarter. Tranquility Partners LLC grew its position in Alphabet by 0.4% in the first quarter. Tranquility Partners LLC now owns 14,488 shares of the information services provider’s stock worth $2,263,000 after acquiring an additional 63 shares in the last quarter. Stonebridge Financial Group LLC grew its position in Alphabet by 0.6% in the first quarter. Stonebridge Financial Group LLC now owns 10,648 shares of the information services provider’s stock worth $1,664,000 after acquiring an additional 64 shares in the last quarter. Finally, True Wealth Design LLC grew its position in Alphabet by 28.5% in the fourth quarter. True Wealth Design LLC now owns 293 shares of the information services provider’s stock worth $56,000 after acquiring an additional 65 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Down 0.9%

Shares of NASDAQ:GOOG opened at $202.49 on Wednesday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $208.70. The business has a 50 day simple moving average of $186.19 and a two-hundred day simple moving average of $174.71. The firm has a market capitalization of $2.45 trillion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 1.38 and a beta of 1.02. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.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 previous year, the business 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, equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 8th. Alphabet’s payout ratio is 8.95%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Westpark Capital reiterated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research report on Friday, April 25th. Susquehanna reiterated a “positive” rating on shares of Alphabet in a research report on Friday, May 2nd. Barclays reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, July 9th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $171.00 price target on shares of Alphabet in a research report on Friday, April 25th. Finally, Roth Capital reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, July 9th. Five analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $215.19.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the completion of the transaction, the chief executive officer owned 2,559,892 shares in the company, valued at $456,991,919.84. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kavitark Ram Shriram sold 18,566 shares of the business’s stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $185.76, for a total value of $3,448,820.16. Following the completion of the sale, the director owned 243,400 shares of the company’s stock, 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 242,319 shares of company stock worth $44,243,272 over the last 90 days. Company insiders own 12.99% of the company’s stock.

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.