Ehrenkranz Partners L.P. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 303.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,433 shares of the information services provider’s stock after purchasing an additional 3,333 shares during the period. Alphabet accounts for about 1.6% of Ehrenkranz Partners L.P.’s investment portfolio, making the stock its 14th biggest holding. Ehrenkranz Partners L.P.’s holdings in Alphabet were worth $1,391,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Alphabet by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after purchasing an additional 8,128,234 shares during the last quarter. State Street Corp lifted its position in shares of Alphabet by 0.5% in the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock valued at $58,712,878,000 after buying an additional 953,790 shares during the last quarter. J. Stern & Co. LLP lifted its position in shares of Alphabet by 28,482.8% in the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock valued at $35,174,429,000 after buying an additional 111,699,704 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Alphabet by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock valued at $31,569,189,000 after buying an additional 1,073,151 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Alphabet by 1.6% in the fourth quarter. Morgan Stanley now owns 71,841,419 shares of the information services provider’s stock valued at $22,543,838,000 after buying an additional 1,132,013 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Negative Sentiment: Britain’s competition watchdog set new requirements for Google Search, demanding greater transparency in ranking results and fairer treatment for businesses, adding to global regulatory scrutiny that could pressure Alphabet’s core search business. UK regulator sets out conduct requirements for Google’s search services
- Negative Sentiment: Analyst commentary remains cautious, with concerns about Alphabet’s high AI spending, heavy capital expenditures, competition, and valuation limiting enthusiasm despite strong growth prospects. AI Spending Is Strengthening the Alphabet (GOOGL) Bull Case
- Neutral Sentiment: Alphabet showcased more AI momentum at the G7, where Google DeepMind’s Demis Hassabis backed a U.S.-led AI coalition, reinforcing the company’s influence in frontier AI policy and investment discussions. CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
- Neutral Sentiment: Google also launched Android 17 and a new Gemini-focused smart speaker, highlighting ongoing product innovation that could support long-term ecosystem growth but is not an immediate earnings catalyst. Google bets on Gemini to reinvent the smart home speaker
- Positive Sentiment: HSBC expanded its partnership with Google Cloud to grow AI usage, a sign that Alphabet’s cloud and enterprise AI business continues to gain traction with major customers. HSBC partners with Google Cloud to expand AI usage
- Positive Sentiment: Alphabet is also expanding its physical and digital footprint, including a $1.5 billion Alabama data center investment and new Google-supported initiatives, which support the company’s AI infrastructure buildout. Alphabet (GOOGL) to Spend $1.5 Billion Expanding Alabama Data Center
Insider Activity at Alphabet
Alphabet Price Performance
Shares of NASDAQ GOOG opened at $362.10 on Thursday. The firm has a market cap of $4.39 trillion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1-year low of $163.33 and a 1-year high of $404.47. The business’s 50 day moving average is $361.98 and its 200-day moving average is $330.47.
Alphabet (NASDAQ:GOOG – Get Free Report) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.81 earnings per share. Equities research analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current year.
Alphabet Increases Dividend
The company also recently announced 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio is 6.71%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Pivotal Research reaffirmed a “buy” rating and issued a $470.00 price objective (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. KeyCorp reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, May 20th. Needham & Company LLC set a $400.00 price objective on Alphabet and gave the company a “buy” rating in a research report on Friday, March 13th. Freedom Capital cut Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $435.00 price objective on shares of Alphabet in a research report on Tuesday, June 2nd. Five equities 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 stock. According to MarketBeat, Alphabet has an average rating of “Buy” and a consensus price target of $376.78.
Check Out Our Latest Analysis on GOOG
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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