Militia Capital Partners LP Purchases New Position in Alphabet Inc. $GOOG

Key Points

• Militia Capital Partners LP opened a new position in Alphabet, buying 24,500 shares valued at about $7.69 million, making GOOG its 7th-largest holding and about 2.9% of its portfolio.
• Alphabet has continued to attract strong analyst support, with the stock carrying an average “Buy” rating and a consensus target price of $376.78. Several firms recently reaffirmed bullish ratings, including Wells Fargo, Needham, and Pivotal Research.
• The company reported strong quarterly results, including $5.11 EPS versus estimates of $2.68 and revenue of $109.9 billion, while also raising its quarterly dividend to $0.22 per share.

Militia Capital Partners LP acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,500 shares of the information services provider's stock, valued at approximately $7,688,000. Alphabet makes up about 2.9% of Militia Capital Partners LP's portfolio, making the stock its 7th largest position.

Several other hedge funds have also bought and sold shares of GOOG. Imprint Wealth LLC bought a new stake in Alphabet during the third quarter worth about $31,000. Nvest Wealth Strategies Inc. bought a new stake in Alphabet during the fourth quarter worth about $38,000. Bard Associates Inc. bought a new stake in Alphabet during the fourth quarter worth about $41,000. Towne Trust Company N.A boosted its stake in Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after acquiring an additional 34 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new stake in Alphabet during the fourth quarter worth about $45,000. Institutional investors own 27.26% of the company's stock.

Insider Activity

In other news, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares of the company's stock, valued at $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director directly owned 2,531 shares of the company's stock, valued at $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 159,466 shares of company stock valued at $6,957,543 over the last three months. Corporate insiders own 12.99% of the company's stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several research reports. KeyCorp reissued an "overweight" rating on shares of Alphabet in a research note on Wednesday, May 20th. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Wells Fargo & Company reiterated an "overweight" rating and issued a $435.00 target price on shares of Alphabet in a research note on Tuesday, June 2nd. Needham & Company LLC set a $400.00 target price on shares of Alphabet and gave the stock a "buy" rating in a research note on Friday, March 13th. Finally, Pivotal Research reiterated a "buy" rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $376.78.

Alphabet Stock Up 1.1%

GOOG opened at $371.10 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $360.69 and a 200-day moving average price of $330.18. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. The stock has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.57 and a beta of 1.23.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.96 billion. During the same period in the previous year, the company earned $2.81 earnings per share. The firm's quarterly revenue was up 21.8% on a year-over-year basis. Equities research analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's dividend payout ratio is presently 6.71%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: HSBC announced a multi-year partnership with Alphabet’s Google Cloud to expand its AI capabilities, a fresh validation of Google Cloud’s enterprise momentum and a potentially meaningful revenue tailwind. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Alphabet rolled out Android 17 and expanded Gemini features across Pixel devices and Wear OS, highlighting continued product innovation and deeper integration of AI into its consumer ecosystem. Android 17 launches with new multitasking tools as Google expands Gemini features
• Positive Sentiment: Alphabet confirmed a $1.5 billion Alabama data center expansion, including community investment and infrastructure spending, signaling continued AI and cloud capacity buildout to support future demand. Google's Samsung Talks Highlight TSMC Capacity Crunch
• Positive Sentiment: Google broadened Fitbit Air’s appeal by making it HSA and FSA eligible, which could improve adoption in digital health and wearables. Google Broadens Fitbit Air Appeal With HSA, FSA Eligibility
• Neutral Sentiment: Google also received positive media commentary around its AI strategy and enterprise adoption, but these were largely opinion pieces rather than new fundamental developments. Why GOOGL Stock May Have More Room to Run Even After a 100% Rally
• Neutral Sentiment: Alphabet’s AI and quantum research efforts continued to draw attention, but the impact on near-term earnings is unclear. Google’s 20x Quantum Leap Threatens Ethereum’s Code as ETH Price Drops
• Negative Sentiment: Some coverage warned that the AI boom may be getting too speculative, with Howard Marks cautioning that investors may be overestimating what they own in AI stocks. Howard Marks: Investing in AI Stocks Is ‘Closer to Speculating' Than Analysis

Alphabet Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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