SurgoCap Partners LP increased its stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 42.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,250,425 shares of the information services provider’s stock after purchasing an additional 370,014 shares during the period. Alphabet accounts for 10.9% of SurgoCap Partners LP’s portfolio, making the stock its largest position. SurgoCap Partners LP’s holdings in Alphabet were worth $392,383,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after purchasing an additional 6,410 shares during the period. Worldquant Millennium Advisors LLC increased its position in shares of Alphabet by 76.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock valued at $330,886,000 after purchasing an additional 806,681 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of Alphabet during the 2nd quarter valued at $658,000. Financial Advisors Network Inc. increased its position in shares of Alphabet by 7.7% during the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider’s stock valued at $1,409,000 after purchasing an additional 565 shares during the period. Finally, Ausdal Financial Partners Inc. increased its position in shares of Alphabet by 10.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock valued at $6,618,000 after purchasing an additional 3,616 shares during the period. Institutional investors own 27.26% of the company’s stock.
Analyst Upgrades and Downgrades
GOOG has been the topic of several research analyst reports. KeyCorp reiterated an “overweight” rating on shares of Alphabet in a research report on Wednesday, May 20th. Phillip Securities cut Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. Truist Financial set a $430.00 price target on Alphabet in a research report on Monday, June 1st. Raymond James Financial reiterated a “strong-buy” rating and set a $425.00 price target on shares of Alphabet in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $376.78.
Alphabet Stock Performance
Shares of NASDAQ GOOG opened at $371.10 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 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. The stock’s fifty day simple moving average is $360.69 and its 200 day simple moving average is $330.18. Alphabet Inc. has a 52-week low of $163.33 and a 52-week high of $404.47.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the previous year, the company posted $2.81 earnings per share. Alphabet’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a dividend of $0.22 per share. 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. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s payout ratio is 6.71%.
Insider Activity
In related news, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the transaction, the director directly owned 18,721 shares of the company’s stock, valued at approximately $7,132,701. This trade represents a 0.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 159,466 shares of company stock valued at $6,957,543. 12.99% of the stock is currently owned by company insiders.
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, reinforcing Google Cloud’s enterprise momentum and showing continued demand for Alphabet’s AI tools. HSBC partners with Google Cloud to expand AI usage
- Positive Sentiment: Google released Android 17 and expanded Gemini features across Pixel and Wear OS devices, which could support ecosystem engagement and strengthen its consumer AI positioning. Android 17 launches with new multitasking tools as Google expands Gemini features
- Positive Sentiment: Alphabet announced a $1.5 billion expansion of its Alabama data center, signaling continued investment to meet rising cloud and AI infrastructure demand. Alphabet (GOOGL) to Spend $1.5 Billion Expanding Alabama Data Center
- Positive Sentiment: Google broadened Fitbit Ace eligibility for HSA/FSA purchases, which may modestly support its wearable and digital health efforts. Google Broadens Fitbit Air Appeal With HSA, FSA Eligibility
- Neutral Sentiment: Google’s attendance at the G7 alongside other frontier AI leaders keeps Alphabet at the center of global AI policy discussions, but it is more of a strategic visibility story than a direct earnings catalyst. ‘A signal of where power sits’: Trump and world leaders joined by OpenAI, Anthropic, Google at G7
- Neutral Sentiment: Britain’s competition watchdog outlined conduct requirements for Google Search services, which adds regulatory oversight but does not appear to be an immediate financial setback. UK regulator sets out conduct requirements for Google’s search services
- Negative Sentiment: Google said a Chinese-linked hacking group stole data from U.S. and Canadian research institutions for more than a year, highlighting ongoing cybersecurity and geopolitical risks that could weigh on sentiment. Chinese-linked hackers targeted U.S.,Canadian research facilities for a year, Google says
Alphabet Profile
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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