Private Capital Advisors Inc. lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,476 shares of the information services provider’s stock after selling 4,253 shares during the quarter. Alphabet accounts for about 5.9% of Private Capital Advisors Inc.’s portfolio, making the stock its 3rd biggest position. Private Capital Advisors Inc.’s holdings in Alphabet were worth $58,054,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. William Blair Investment Management LLC raised its position in shares of Alphabet by 26.9% during the fourth quarter. William Blair Investment Management LLC now owns 3,154,973 shares of the information services provider’s stock worth $987,506,000 after purchasing an additional 668,971 shares during the period. Prospera Financial Services Inc raised its position in shares of Alphabet by 15.3% during the fourth quarter. Prospera Financial Services Inc now owns 286,930 shares of the information services provider’s stock worth $89,832,000 after purchasing an additional 37,971 shares during the period. Boundless Plain Holdings Ltd acquired a new stake in shares of Alphabet during the fourth quarter worth about $7,668,000. Clune & Associates LTD. raised its position in shares of Alphabet by 1.9% during the fourth quarter. Clune & Associates LTD. now owns 3,460 shares of the information services provider’s stock worth $1,083,000 after purchasing an additional 63 shares during the period. Finally, William Mack & Associates Inc. raised its position in shares of Alphabet by 1.7% during the fourth quarter. William Mack & Associates Inc. now owns 7,154 shares of the information services provider’s stock worth $2,239,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on GOOGL shares. BMO Capital Markets raised their price target on Alphabet from $410.00 to $435.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Phillip Securities raised their price target on Alphabet from $340.00 to $395.00 and gave the stock a “moderate buy” rating in a research report on Wednesday, April 15th. Pivotal Research lifted their target price on Alphabet from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Finally, Tigress Financial set a $415.00 target price on Alphabet and gave the company a “strong-buy” rating in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $412.65.
Insider Activity
In other Alphabet news, CAO Amie Thuener O’toole sold 955 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares of the company’s stock, valued at $2,955,564. The trade was a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 226,481 shares of company stock worth $27,422,061. Corporate insiders own 11.61% of the company’s stock.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s Q1 results were highlighted as one of the strongest among the Mag 7, with Google Cloud showing accelerating sales growth and broader AI momentum helping investor sentiment. Alphabet and NVIDIA: The Biggest Mag 7 Winners This Earnings Season
- Positive Sentiment: Google’s I/O announcements continued to reinforce Alphabet’s AI story, including new AI search experiences, agent tools, and upcoming AI glasses that suggest the company is expanding beyond traditional search. We tried Google’s AI glasses and they’re almost there
- Positive Sentiment: Analysts remain constructive on the stock, with multiple firms reiterating positive views and new AI ad formats seen as potentially boosting conversions and monetization in Search and Commerce. Alphabet’s new AI ad formats seen boosting conversions and spending
- Positive Sentiment: Google unveiled a $15 billion Missouri data center investment, underscoring continued capital spending to support AI infrastructure and cloud demand. Google Unveils $15 Billion Missouri Data Center Investment
- Neutral Sentiment: Several articles discussed Google’s revamped AI-driven search experience and agent ecosystem, which are strategically important but still too early to measure their near-term financial impact. Google is pitching an AI agent ecosystem to consumers who may not buy it
- Negative Sentiment: Waymo temporarily suspended service in multiple cities after robotaxis drove into flooded roads, adding another safety and execution concern for Alphabet’s autonomous vehicle unit. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
- Negative Sentiment: Google’s appeal of the antitrust ruling remains the biggest overhang, since a loss or forced remedies could eventually weigh on the company’s core search and advertising economics. Google appeals US court ruling on search monopoly
Alphabet Price Performance
Shares of Alphabet stock opened at $382.97 on Monday. The business’s 50 day simple moving average is $337.75 and its 200 day simple moving average is $321.52. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $408.61. The firm has a market cap of $4.64 trillion, a PE ratio of 29.21, a P/E/G ratio of 1.64 and a beta of 1.26. 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:GOOGL – Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. 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 analyst estimates of $106.98 billion. On average, analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a dividend of $0.22 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s payout ratio is presently 6.41%.
Alphabet Profile
Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.
Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.
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