Militia Capital Partners LP Has $6.56 Million Position in Alphabet Inc. $GOOG

Key Points

• Militia Capital Partners LP significantly increased its stake in Alphabet Inc. by 300%, acquiring an additional 31,500 shares, bringing its total ownership to 42,000 shares worth approximately $6.56 million.
• Analyst ratings for Alphabet show a consensus of "Moderate Buy" with a target price of $227.56, while Goldman Sachs and JPMorgan Chase both issued positive ratings on the stock.
• Alphabet announced a quarterly dividend of $0.21 per share, with the ex-dividend date set for September 8th, reflecting an annualized yield of 0.3%.

Militia Capital Partners LP lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 300.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,000 shares of the information services provider's stock after purchasing an additional 31,500 shares during the quarter. Alphabet comprises 5.2% of Militia Capital Partners LP's investment portfolio, making the stock its 4th biggest holding. Militia Capital Partners LP's holdings in Alphabet were worth $6,562,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GOOG. Principia Wealth Advisory LLC boosted its position in shares of Alphabet by 111.8% during the first quarter. Principia Wealth Advisory LLC now owns 161 shares of the information services provider's stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of Alphabet during the first quarter valued at approximately $26,000. Goodman Advisory Group LLC bought a new stake in shares of Alphabet during the first quarter valued at approximately $32,000. Greykasell Wealth Strategies Inc. purchased a new position in Alphabet during the first quarter valued at $32,000. Finally, Elevate Wealth Advisory Inc. purchased a new position in Alphabet during the first quarter valued at $34,000. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $229.73, for a total transaction of $7,466,225.00. Following the completion of the sale, the chief executive officer owned 2,429,892 shares of the company's stock, valued at approximately $558,219,089.16. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the sale, the insider directly owned 42,999 shares of the company's stock, valued at $8,371,905.30. This represents a 35.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 254,710 shares of company stock worth $49,208,380. Company insiders own 12.99% of the company's stock.

Alphabet Stock Performance

Shares of GOOG traded up $0.60 during trading hours on Friday, hitting $241.38. The stock had a trading volume of 14,519,054 shares, compared to its average volume of 22,624,780. 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 Inc. has a 12 month low of $142.66 and a 12 month high of $242.57. The firm has a market capitalization of $2.92 trillion, a PE ratio of 25.71, a PEG ratio of 1.62 and a beta of 1.01. The stock has a fifty day moving average price of $202.67 and a 200 day moving average price of $178.86.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping 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 company 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 company posted $1.89 earnings per share. Alphabet's revenue was up 13.8% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 8th will be 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 of this dividend is Monday, September 8th. Alphabet's payout ratio is currently 8.95%.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of recent research reports. Wells Fargo & Company reiterated an "equal weight" rating on shares of Alphabet in a research note on Wednesday, July 9th. Barclays reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. Cowen restated a "buy" rating on shares of Alphabet in a research note on Wednesday, July 9th. UBS Group boosted their price target on Alphabet from $186.00 to $192.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, Piper Sandler restated a "neutral" rating on shares of Alphabet in a research note on Wednesday, July 9th. Four analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $227.56.

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.