Munro Partners raised its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 24.4% during the fourth quarter, HoldingsChannel reports. The fund owned 573,907 shares of the information services provider’s stock after buying an additional 112,620 shares during the period. Alphabet comprises approximately 4.7% of Munro Partners’ holdings, making the stock its 5th largest position. Munro Partners’ holdings in Alphabet were worth $179,633,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of GOOGL. Vanguard Group Inc. raised its holdings in Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after acquiring an additional 12,531,695 shares during the last quarter. State Street Corp raised its holdings in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after acquiring an additional 4,008,374 shares during the last quarter. Geode Capital Management LLC raised its holdings in Alphabet by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock worth $45,625,595,000 after acquiring an additional 2,666,676 shares during the last quarter. Norges Bank purchased a new position in Alphabet in the 4th quarter worth approximately $30,534,239,000. Finally, Capital World Investors raised its holdings in Alphabet by 1.5% in the 4th quarter. Capital World Investors now owns 53,881,908 shares of the information services provider’s stock worth $16,865,158,000 after acquiring an additional 774,336 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: HSBC announced a multi-year partnership with Google Cloud to expand its AI capabilities, reinforcing Alphabet’s cloud momentum and potential enterprise revenue growth. HSBC partners with Google Cloud to expand AI usage
- Positive Sentiment: Google released Android 17 and Wear OS 7, while also adding new Gemini AI features and Pixel device upgrades, highlighting continued product innovation and deeper AI integration across its ecosystem. Android 17 launches with new multitasking tools as Google expands Gemini features
- Positive Sentiment: Google Cloud also landed a strategic partnership with Ineffable Intelligence, another sign that enterprises and AI startups are choosing Alphabet’s infrastructure for frontier AI development. Ineffable Intelligence Selects Google Cloud To Power Its Superintelligence Mission
- Neutral Sentiment: Several recent commentary pieces continued to frame Alphabet as a favorite large-cap AI name and a possible long-term winner, which may be supporting investor sentiment but does not reflect a new fundamental announcement. Alphabet: Still A Big Tech Pick To ‘Buy’ Now
- Neutral Sentiment: Google’s disclosure about Chinese-linked hackers targeting research facilities underscores its cybersecurity and threat-detection role, but the story is more about security awareness than a direct business driver. Chinese-linked hackers targeted U.S.,Canadian research facilities for a year, Google says
- Negative Sentiment: A separate report noted a small student walkout and boos during CEO Sundar Pichai’s Stanford commencement appearance, which is unlikely to affect fundamentals but adds a minor reputational headwind. Sundar Pichai faces boos, walkout at Stanford graduation ceremony over Google’s Israel, ICE ties
Insider Buying and Selling at Alphabet
Analysts Set New Price Targets
A number of brokerages recently weighed in on GOOGL. BMO Capital Markets boosted their price objective on shares of Alphabet from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Truist Financial set a $430.00 price target on shares of Alphabet and gave the company a “buy” rating in a report on Friday, May 29th. Freedom Capital downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada set a $425.00 price target on shares of Alphabet and gave the company an “outperform” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $413.13.
Read Our Latest Stock Analysis on Alphabet
Alphabet Stock Up 1.1%
Alphabet stock opened at $373.25 on Wednesday. The stock has a market cap of $4.52 trillion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a one year low of $162.00 and a one year high of $408.61. The stock has a fifty day moving average of $363.48 and a 200 day moving average of $331.04.
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $109.90 billion during 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%. As a group, sell-side analysts predict that Alphabet Inc. will post 14.3 EPS for the current year.
Alphabet Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. 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. Alphabet’s dividend payout ratio is 6.71%.
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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