GenTrust LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 54.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,728 shares of the information services provider’s stock after buying an additional 7,327 shares during the period. GenTrust LLC’s holdings in Alphabet were worth $6,488,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. PMV Capital Advisers LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at about $38,000. Kentucky Trust Co grew its stake in shares of Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after buying an additional 100 shares during the period. iSAM Funds UK Ltd acquired a new stake in shares of Alphabet in the 3rd quarter valued at about $53,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Alphabet in the 3rd quarter valued at about $53,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at about $69,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the sale, the insider owned 51,808 shares of the company’s stock, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the sale, the director directly owned 2,531 shares in the company, valued at $995,341.06. This trade represents a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 226,481 shares of company stock worth $27,422,061 in the last three months. Insiders own 11.61% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on GOOGL
Alphabet Price Performance
Alphabet stock opened at $387.66 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 stock has a market cap of $4.70 trillion, a P/E ratio of 29.57, a P/E/G ratio of 1.70 and a beta of 1.26. The company’s 50 day moving average price is $333.00 and its two-hundred day moving average price is $319.32. Alphabet Inc. has a 52 week low of $162.00 and a 52 week high of $408.61.
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, equities analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.
Alphabet Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s payout ratio is presently 6.41%.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI infrastructure joint venture to build TPU-powered cloud capacity, which could deepen demand for Google’s custom chips and expand its AI ecosystem. Google, Blackstone to create new AI cloud company, WSJ reports
- Positive Sentiment: Google I/O showcased a broad AI push across Search, Gemini, Workspace, shopping, and video tools, reinforcing the idea that Alphabet is monetizing AI rather than just defending against rivals. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
- Positive Sentiment: Analyst sentiment remains constructive, with Arete Research lifting its price target to $425 and maintaining a buy rating, signaling continued upside expectations. Arete Research adjusts price target on Alphabet to $425 from $405
- Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, suggesting its AI products are already reaching scale. Google kicks off I/O conference with AI upgrades for coders, consumers
- Neutral Sentiment: Alphabet disclosed insider sales by a major shareholder, but the transactions appear routine and are not, by themselves, a strong fundamental signal. SEC filing
- Negative Sentiment: Some investors are uneasy that Google’s AI-heavy search redesign could disrupt the company’s core ad model, especially as the “ten blue links” era fades. Google Search as you know it is over
- Negative Sentiment: There is also headline risk from broader scrutiny around platform responsibility and YouTube youth-safety issues, which may keep some investors cautious. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run
About Alphabet
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.
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