Aspire Capital Advisors LLC Acquires 305 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Aspire Capital Advisors LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,660 shares of the information services provider’s stock after purchasing an additional 305 shares during the quarter. Aspire Capital Advisors LLC’s holdings in Alphabet were worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Live Oak Investment Partners purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $26,000. Sanctuary Wealth Management L.L.C. purchased a new position in Alphabet during the fourth quarter valued at $34,000. Turim 21 Investimentos Ltda. purchased a new position in Alphabet during the third quarter valued at $38,000. Meritage Group LP raised its stake in Alphabet by 1,061.5% during the third quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after buying an additional 276 shares during the last quarter. Finally, Macroview Investment Management LLC raised its stake in Alphabet by 165.8% during the third quarter. Macroview Investment Management LLC now owns 319 shares of the information services provider’s stock valued at $42,000 after buying an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $154.09 on Friday. The stock has a 50-day simple moving average of $146.26 and a two-hundred day simple moving average of $140.54. Alphabet Inc. has a 52-week low of $102.63 and a 52-week high of $160.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market capitalization of $1.92 trillion, a PE ratio of 26.57, a P/E/G ratio of 1.43 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $70.77 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. Analysts forecast that Alphabet Inc. will post 6.78 EPS for the current year.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $155.00 price objective on shares of Alphabet in a research note on Wednesday, January 31st. Wolfe Research lifted their price objective on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Susquehanna lifted their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. BMO Capital Markets restated an “outperform” rating and issued a $185.00 price target (up previously from $178.00) on shares of Alphabet in a research note on Wednesday, April 10th. Finally, Wedbush restated an “outperform” rating and issued a $175.00 price target on shares of Alphabet in a research note on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.41.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the transaction, the chief accounting officer now directly owns 27,920 shares in the company, valued at $4,009,032.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares in the company, valued at $4,009,032.80. The disclosure for this sale can be found here. Insiders have sold 251,339 shares of company stock worth $36,377,482 over the last ninety days. Corporate insiders own 0.88% 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.