Violich Capital Management Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 340,776 shares of the information services provider’s stock after buying an additional 3,378 shares during the quarter. Alphabet makes up 11.9% of Violich Capital Management Inc.’s holdings, making the stock its largest holding. Violich Capital Management Inc.’s holdings in Alphabet were worth $106,936,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Coston McIsaac & Partners raised its position in Alphabet by 20.9% in the 4th quarter. Coston McIsaac & Partners now owns 1,468 shares of the information services provider’s stock worth $460,000 after buying an additional 254 shares during the last quarter. Diversify Wealth Management LLC raised its position in Alphabet by 22.8% in the 4th quarter. Diversify Wealth Management LLC now owns 66,716 shares of the information services provider’s stock worth $22,445,000 after buying an additional 12,369 shares during the last quarter. Generali Asset Management SPA SGR raised its position in Alphabet by 5.6% in the 4th quarter. Generali Asset Management SPA SGR now owns 435,030 shares of the information services provider’s stock worth $136,512,000 after buying an additional 23,116 shares during the last quarter. Climber Capital SA purchased a new position in Alphabet in the 4th quarter worth about $311,000. Finally, Jordan Park Trust Co LLC purchased a new position in Alphabet in the 4th quarter worth about $205,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Bank of America and other analysts are expecting major Gemini AI announcements at Google I/O, which could reinforce Alphabet’s leadership in AI and support the stock. BofA Sends Blunt Message for Alphabet Investors Ahead of Google I/O
- Positive Sentiment: Oppenheimer raised its price target on Alphabet, and Erste Group also lifted earnings estimates, signaling stronger profit expectations ahead of Google I/O. Alphabet had its price target raised by Oppenheimer Holdings, Inc.
- Positive Sentiment: Several investors and funds, including Goldman Sachs and Egerton Capital, disclosed larger Alphabet stakes, suggesting continued institutional confidence. Fund Update: GOLDMAN SACHS GROUP INC Just Disclosed New Holdings
- Positive Sentiment: Reports that Google’s Gemini Flash model is quietly gaining AI customers and that Alphabet is expanding AI infrastructure point to improving enterprise demand for its AI products. Google has been quietly gaining AI customers, even before big releases next week
- Positive Sentiment: Alphabet completed a record 576.5 billion yen bond offering to fund AI capex, showing it still has strong access to capital for its infrastructure buildout. Alphabet completes record-breaking yen bond issuance
- Neutral Sentiment: News that Google is in talks with SpaceX to launch data centers into space is intriguing, but it is still early-stage and speculative. Google in Talks with SpaceX to Launch Data Centers into Space
- Neutral Sentiment: Isomorphic Labs raised $2.1 billion to use AI for drug discovery, which highlights Alphabet’s broader AI ecosystem, but the direct stock impact is limited for now. Isomorphic Labs Raises $2.1 Billion to End Disease With AI
- Negative Sentiment: Bill Ackman’s Pershing Square sharply cut its GOOG and GOOGL positions, adding to concern that some large investors may be taking profits after the run-up. Fund Update: Bill Ackman’s Pershing Square Capital Management, L.P. Just Disclosed New Holdings
- Negative Sentiment: Some commentary says Alphabet’s heavy AI and cloud spending is pressuring free cash flow, raising questions about near-term margins and valuation. 6.7% AA2 Bond Yield From Alphabet, But There Is a Catch
Wall Street Analyst Weigh In
View Our Latest Analysis on GOOG
Alphabet Stock Performance
Alphabet stock opened at $393.32 on Monday. The business has a 50-day simple moving average of $327.44 and a two-hundred day simple moving average of $317.31. The company has a market cap of $4.77 trillion, a P/E ratio of 30.00, a P/E/G ratio of 1.68 and a beta of 1.25. Alphabet Inc. has a 52-week low of $163.33 and a 52-week high of $399.93. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.81 EPS. Analysts predict that Alphabet Inc. will post 14.29 EPS for the current year.
Alphabet Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. 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. Alphabet’s dividend payout ratio is presently 6.41%.
Insider Activity at Alphabet
In related news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the transaction, the director directly owned 3,581 shares in the company, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the transaction, the director owned 18,418 shares of the company’s stock, valued at approximately $5,580,469.82. This trade represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 157,953 shares of company stock worth $47,767,818 in the last quarter. 12.99% of the stock is currently owned by insiders.
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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