Founders Capital Management LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 441,394 shares of the information services provider’s stock after selling 1,742 shares during the quarter. Alphabet comprises approximately 20.8% of Founders Capital Management LLC’s portfolio, making the stock its biggest holding. Founders Capital Management LLC’s holdings in Alphabet were worth $126,618,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Alphabet by 2.0% in the 4th 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 in the last quarter. State Street Corp boosted its holdings in Alphabet by 0.5% during the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock worth $58,712,878,000 after buying an additional 953,790 shares in the last quarter. Auto Owners Insurance Co grew its position in Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock worth $5,643,262,000 after buying an additional 179,369,280 shares during the period. J. Stern & Co. LLP grew its position in Alphabet by 28,482.8% during the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after buying an additional 111,699,704 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in 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 in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.
Insider Transactions at Alphabet
In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction that occurred on 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 SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction 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 sale, the director owned 2,531 shares in the company, valued at $995,341.06. This trade represents a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 160,465 shares of company stock worth $8,020,511 in the last ninety days. Company insiders own 12.99% of the company’s stock.
Alphabet Trading Down 0.5%
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter last year, the business posted $2.81 earnings per share. Alphabet’s revenue was up 21.8% compared to the same quarter last year. Equities analysts forecast that Alphabet Inc. will post 14.32 EPS for the current fiscal year.
Alphabet Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a 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 dividend payout ratio is presently 6.71%.
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s core AI and cloud story remains strong, with new commentary pointing to continued enterprise adoption, including Google Cloud’s expanding role in financial services and other large customers. Reuters: Google disrupts NetNut proxy network used in malware operations
- Positive Sentiment: Several market updates remain bullish on Alphabet’s growth profile, highlighting strong earnings momentum, AI infrastructure investment, and favorable analyst sentiment with multiple buy ratings and elevated price targets.
- Positive Sentiment: Google Cloud is gaining traction in enterprise AI, including a new deal with Jack Henry, which supports the view that Alphabet can keep growing beyond search and advertising. Zacks: GOOGL’s AI Cloud Strategy Gets a Boost From Jack Henry
- Neutral Sentiment: Alphabet exceeded its $1 billion Africa investment target, a strategically positive move for long-term expansion but not likely a near-term earnings driver. Reuters: Google has exceeded $1 billion Africa investment target
- Negative Sentiment: The biggest drag on GOOG today is the EU antitrust setback, which could keep regulators focused on Alphabet’s search, Android, and shopping businesses. Reuters: EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
- Negative Sentiment: Investors are also watching Alphabet’s heavy AI capex and compute constraints, which could pressure margins if spending stays elevated. Yahoo Finance: Alphabet Is Limiting Gemini AI Access As Cloud Capacity Tightens
- Negative Sentiment: Recent insider selling by Alphabet executives, while modest, may add a little caution to sentiment. SEC filing: Alphabet insider transaction
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 price target on shares of Alphabet in a research report on Thursday, May 21st. KeyCorp reaffirmed an “overweight” rating on shares of Alphabet in a research note on Wednesday, May 20th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $425.00 price objective on shares of Alphabet in a report on Thursday, April 30th. Freedom Capital downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, TD Cowen upped their target price on Alphabet from $450.00 to $475.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $376.19.
Get Our Latest Stock Analysis on GOOG
Alphabet Company 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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