Aspire Growth Partners LLC Purchases Shares of 6,714 Alphabet Inc. (NASDAQ:GOOG)

Aspire Growth Partners LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,714 shares of the information services provider's stock, valued at approximately $1,275,000. Alphabet accounts for about 1.2% of Aspire Growth Partners LLC's portfolio, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Fiduciary Advisors Inc. acquired a new stake in Alphabet during the fourth quarter worth approximately $27,000. LSV Asset Management acquired a new stake in shares of Alphabet during the 4th quarter worth $27,000. WealthTrak Capital Management LLC acquired a new position in Alphabet in the fourth quarter valued at about $38,000. Mountain Hill Investment Partners Corp. bought a new stake in Alphabet during the fourth quarter worth about $39,000. Finally, Noble Wealth Management PBC acquired a new stake in Alphabet during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research analyst reports. The Goldman Sachs Group restated a "buy" rating on shares of Alphabet in a research report on Wednesday, February 5th. Susquehanna reissued a "positive" rating on shares of Alphabet in a report on Friday. Wedbush reaffirmed an "outperform" rating and issued a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Morgan Stanley reissued an "overweight" rating on shares of Alphabet in a research note on Wednesday, February 5th. Finally, Oppenheimer raised their price target on shares of Alphabet from $185.00 to $200.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have issued a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $203.94.

Alphabet Trading Up 0.1 %

GOOG stock traded up $0.24 during trading on Monday, hitting $166.05. The company had a trading volume of 15,291,571 shares, compared to its average volume of 19,159,189. The stock has a market cap of $2.02 trillion, a PE ratio of 20.63, a PEG ratio of 1.34 and a beta of 1.01. The business has a 50-day moving average of $162.25 and a 200-day moving average of $177.25. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $90.23 billion during the quarter, compared to analysts' expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. Alphabet's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.89 earnings per share. Research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a dividend of $0.21 per share. This is a positive change from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.51%. Alphabet's dividend payout ratio is presently 9.36%.

Insider Buying and Selling

In other news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total transaction of $5,075,200.00. Following the completion of the sale, the chief executive officer now owns 2,685,196 shares of the company's stock, valued at $419,320,207.36. This trade represents a 1.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O'toole sold 673 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the transaction, the chief accounting officer now owns 15,303 shares in the company, valued at $2,377,014.99. The trade was a 4.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,824 shares of company stock valued at $25,086,603 over the last 90 days. Company insiders own 12.99% of the company's stock.

Alphabet Company 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.