Bluedoor Private Wealth LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG – Free Report) during the 4th quarter, Holdings Channel reports. The firm purchased 13,436 shares of the information services provider’s stock, valued at approximately $4,216,000. Alphabet accounts for about 1.9% of Bluedoor Private Wealth LLC’s holdings, making the stock its 16th largest holding.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. 71 West Capital Partners acquired a new stake in Alphabet in the 4th quarter worth $11,469,000. SurgoCap Partners LP grew its position in Alphabet by 42.0% in the 4th quarter. SurgoCap Partners LP now owns 1,250,425 shares of the information services provider’s stock worth $392,383,000 after purchasing an additional 370,014 shares during the last quarter. Alberta Investment Management Corp grew its position in Alphabet by 30.0% in the 4th quarter. Alberta Investment Management Corp now owns 98,544 shares of the information services provider’s stock worth $30,923,000 after purchasing an additional 22,744 shares during the last quarter. University of Texas Texas AM Investment Management Co. grew its position in Alphabet by 50.4% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 841 shares of the information services provider’s stock worth $264,000 after purchasing an additional 282 shares during the last quarter. Finally, Stark Wealth Management LLC acquired a new stake in Alphabet in the 4th quarter worth $935,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director directly owned 2,531 shares of the company’s stock, valued at $995,341.06. This represents a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 159,466 shares of company stock worth $6,957,543 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on GOOG
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: HSBC announced a multi-year partnership with Alphabet’s Google Cloud to expand its AI capabilities, a fresh validation of Google Cloud’s enterprise momentum and a potentially meaningful revenue tailwind. HSBC partners with Google Cloud to expand AI usage
- Positive Sentiment: Alphabet rolled out Android 17 and expanded Gemini features across Pixel devices and Wear OS, highlighting continued product innovation and deeper integration of AI into its consumer ecosystem. Android 17 launches with new multitasking tools as Google expands Gemini features
- Positive Sentiment: Alphabet confirmed a $1.5 billion Alabama data center expansion, including community investment and infrastructure spending, signaling continued AI and cloud capacity buildout to support future demand. Google’s Samsung Talks Highlight TSMC Capacity Crunch
- Positive Sentiment: Google broadened Fitbit Air’s appeal by making it HSA and FSA eligible, which could improve adoption in digital health and wearables. Google Broadens Fitbit Air Appeal With HSA, FSA Eligibility
- Neutral Sentiment: Google also received positive media commentary around its AI strategy and enterprise adoption, but these were largely opinion pieces rather than new fundamental developments. Why GOOGL Stock May Have More Room to Run Even After a 100% Rally
- Neutral Sentiment: Alphabet’s AI and quantum research efforts continued to draw attention, but the impact on near-term earnings is unclear. Google’s 20x Quantum Leap Threatens Ethereum’s Code as ETH Price Drops
- Negative Sentiment: Some coverage warned that the AI boom may be getting too speculative, with Howard Marks cautioning that investors may be overestimating what they own in AI stocks. Howard Marks: Investing in AI Stocks Is ‘Closer to Speculating’ Than Analysis
Alphabet Price Performance
NASDAQ:GOOG opened at $371.10 on Wednesday. The company has a 50-day moving average of $360.69 and a 200-day moving average of $330.18. The company has a market capitalization of $4.50 trillion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.57 and a beta of 1.23. Alphabet Inc. has a 52 week low of $163.33 and a 52 week high of $404.47. 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 (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the firm earned $2.81 EPS. As a group, equities research analysts anticipate that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. 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 payout ratio is 6.71%.
About Alphabet
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.
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