Pekin Hardy Strauss Inc. Purchases 2,041 Shares of Alphabet Inc. $GOOGL

Posted by Brian Himes on May 18th, 2026

Pekin Hardy Strauss Inc. lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 4.6% during the fourth quarter, HoldingsChannel reports. The fund owned 46,534 shares of the information services provider’s stock after acquiring an additional 2,041 shares during the quarter. Alphabet comprises 1.3% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 9th biggest position. Pekin Hardy Strauss Inc.’s holdings in Alphabet were worth $14,565,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PMV Capital Advisers LLC acquired a new position in shares of Alphabet during the fourth quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Alphabet during the third quarter worth about $53,000. Kentucky Trust Co increased its stake in shares of Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after acquiring an additional 100 shares during the period. iSAM Funds UK Ltd acquired a new position in shares of Alphabet during the third quarter worth about $53,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Alphabet during the third quarter worth about $63,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $396.78 on Monday. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $403.70. The company has a market capitalization of $4.81 trillion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm’s 50-day moving average is $329.30 and its two-hundred day moving average is $317.61.

Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Equities analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s payout ratio is currently 6.41%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GOOGL shares. Loop Capital boosted their price target on shares of Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday. Piper Sandler restated an “overweight” rating and set a $425.00 target price (up from $395.00) on shares of Alphabet in a research report on Thursday, April 30th. Mizuho upped their target price on shares of Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Wolfe Research lowered their target price on shares of Alphabet from $390.00 to $360.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold 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 price target of $410.84.

Read Our Latest Report on GOOGL

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Loop Capital raised its price target on Alphabet to $490 and kept a buy rating, while Oppenheimer lifted its target to $445 with an outperform rating, reinforcing confidence in the company’s growth outlook. Loop Capital price target update Oppenheimer price target update
Positive Sentiment: Several reports pointed to Alphabet’s AI momentum ahead of Google I/O, including growing customer adoption of Gemini Flash and expectations that the event will showcase more AI innovation. Business Insider on Gemini Flash adoption BofA note on Google I/O
Positive Sentiment: Analysts also raised forward earnings estimates for Alphabet, suggesting continued confidence in monetization and profit growth. Alphabet earnings estimate update
Positive Sentiment: Alphabet completed a record-breaking yen bond sale, giving it fresh funding capacity to expand AI infrastructure while diversifying its financing sources. Yen bond issuance article
Neutral Sentiment: Commentary around Alphabet’s YouTube revenue, the company’s role in AI infrastructure, and Bill Ackman’s continued interest in mega-cap tech adds to the positive narrative, but these items are more supportive context than direct catalysts. YouTube revenue article Bill Ackman Mag 7 article
Neutral Sentiment: Some coverage highlighted Alphabet’s valuation and the broader crowding in AI/mega-cap tech, which could make the stock more vulnerable if sentiment cools. Valuation rerating article UBS crowding warning
Negative Sentiment: A report that Google may cap new Gmail accounts at 5GB of free storage could be seen as a consumer-unfriendly move and a possible engagement risk if implemented broadly. Gmail storage cap article
Negative Sentiment: There was also some concern around competition and execution in AI and adjacent hardware, including comparison pieces on Alphabet versus Nvidia and broader AI rivalry. AI competition article

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 102 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00. Following the completion of the sale, the director directly owned 18,621 shares in the company, valued at $6,908,391. This trade represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 157,953 shares of company stock valued at $47,767,818. 11.61% of the stock is owned by company insiders.

Alphabet Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.