Spartan Wealth Advisory Services LLC Makes New $7.11 Million Investment in Alphabet Inc. $GOOG

Spartan Wealth Advisory Services LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,769 shares of the information services provider’s stock, valued at approximately $7,105,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GOOG. Auto Owners Insurance Co boosted its stake in Alphabet by 38,409.2% during the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares during the period. J. Stern & Co. LLP boosted its position in Alphabet by 28,482.8% during the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after acquiring an additional 111,699,704 shares during the period. Norges Bank bought a new position in shares of Alphabet in the fourth quarter worth $18,093,665,000. Cardano Risk Management B.V. grew its stake in shares of Alphabet by 850.3% in the fourth quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider’s stock worth $5,551,938,000 after purchasing an additional 15,830,754 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock worth $132,114,125,000 after purchasing an additional 8,128,234 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, insider John Kent Walker sold 8,998 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This represents a 10.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the sale, the director directly owned 18,833 shares of the company’s stock, valued at $6,615,656.24. This represents a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 159,415 shares of company stock valued at $7,672,279. 12.99% of the stock is owned by company insiders.

Alphabet Trading Down 1.5%

Shares of NASDAQ GOOG opened at $346.19 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.19 trillion, a PE ratio of 26.41, a PEG ratio of 1.45 and a beta of 1.23. The business has a 50-day moving average price of $364.83 and a two-hundred day moving average price of $337.29. Alphabet Inc. has a one year low of $188.49 and a one year high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $106.96 billion. During the same period in the previous year, the firm posted $2.81 earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis. As a group, analysts predict that Alphabet Inc. will post 14.33 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. 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. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GOOG shares. Wolfe Research restated an “outperform” rating on shares of Alphabet in a research note on Monday. Raymond James Financial reiterated a “strong-buy” rating and issued a $425.00 target price on shares of Alphabet in a research report on Thursday, April 30th. Freedom Capital cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on shares of Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Wedbush initiated coverage on Alphabet in a research report on Thursday, July 16th. They issued an “outperform” rating and a $445.00 target price for the company. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of “Buy” and a consensus target price of $383.44.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is reportedly building a custom AI server chip, “Frozen v2,” to run Gemini more efficiently and reduce compute costs, which could improve long-term margins and support cloud growth.
• Positive Sentiment: Alphabet released new Gemini model variants, including cheaper and cybersecurity-focused versions, signaling continued AI product progress ahead of earnings.
• Positive Sentiment: Analysts remain broadly constructive into earnings, with expectations for strong revenue growth and continued strength in Search and Google Cloud.
• Neutral Sentiment: Options traders are pricing in a meaningful post-earnings move, suggesting the stock could react sharply to Wednesday’s results either way.
• Neutral Sentiment: Senator Jerry Moran disclosed a purchase of GOOG shares, a modest signal of insider confidence but not a major market-moving catalyst.
• Negative Sentiment: Investors remain concerned about Alphabet’s large AI and data-center spending, and the delayed Gemini Pro launch is adding to questions about execution and AI payoff.
• Negative Sentiment: Ongoing securities-fraud investigations create additional headline risk and may weigh on sentiment ahead of earnings.

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.