Qsemble Capital Management LP raised its holdings in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 529.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,848 shares of the information services provider’s stock after buying an additional 27,629 shares during the quarter. Alphabet comprises 0.9% of Qsemble Capital Management LP’s investment portfolio, making the stock its 19th largest position. Qsemble Capital Management LP’s holdings in Alphabet were worth $10,281,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. PMV Capital Advisers LLC purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $38,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Alphabet during the third quarter valued at $53,000. Kentucky Trust Co raised its stake in Alphabet by 142.9% during the fourth 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 last quarter. iSAM Funds UK Ltd purchased a new position in Alphabet during the third quarter valued at $53,000. Finally, Sellwood Investment Partners LLC purchased a new position in Alphabet during the third quarter valued at $63,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet raised its capital plan to $84.75 billion to fund AI infrastructure and cloud capacity, signaling it expects strong demand for compute and is willing to invest heavily to protect and grow its long-term AI position. Reuters article
- Positive Sentiment: Apple reportedly tapped Google Cloud to help power a revamped Siri, which could add a high-profile customer for Alphabet’s cloud business and reinforce its AI infrastructure monetization story. PYMNTS article
- Positive Sentiment: Lovable expanded its multi-year Google Cloud relationship, another sign that Google Cloud is winning AI-related usage and customer growth. TechCrunch article
- Positive Sentiment: Needham reiterated a buy rating and a $450 price target, reflecting continued analyst confidence in Alphabet’s cloud and AI growth potential. Benzinga article
- Neutral Sentiment: Several prominent investors, including Berkshire Hathaway and ARK, were reported as buying Alphabet shares, which supports sentiment but does not change fundamentals on its own. Barron’s article
- Neutral Sentiment: Alphabet also received a softer-than-feared UK antitrust ruling that requires new conduct changes and lets publishers opt out of AI training, which may limit some data use but reduces the risk of a harsher regulatory outcome. Reuters article
- Negative Sentiment: Reports that Google is quietly laying off staff in Cloud, including parts of its cybersecurity team, may weigh on sentiment by raising questions about cost discipline and internal restructuring. Business Insider article
Analysts Set New Price Targets
View Our Latest Research Report on Alphabet
Alphabet Trading Up 3.7%
Shares of GOOGL stock opened at $372.19 on Friday. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. 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 stock’s 50 day simple moving average is $351.15 and its two-hundred day simple moving average is $327.52. The company has a market cap of $4.51 trillion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Research analysts predict that Alphabet Inc. will post 14.28 earnings per share for the current year.
Alphabet Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a dividend of $0.22 per share. 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 annualized dividend and a yield of 0.2%. Alphabet’s payout ratio is 6.71%.
Insider Buying and Selling at Alphabet
In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction 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 sale, the director owned 2,531 shares of the company’s stock, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 193,016 shares of company stock worth $17,282,549. 11.61% of the stock is currently owned by company insiders.
Alphabet Profile
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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