Constant Guidance Financial LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 90.7% in the 4th quarter, Holdings Channel reports. The firm owned 18,107 shares of the information services provider’s stock after acquiring an additional 8,611 shares during the quarter. Alphabet accounts for about 3.9% of Constant Guidance Financial LLC’s portfolio, making the stock its 3rd largest position. Constant Guidance Financial LLC’s holdings in Alphabet were worth $5,667,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc purchased a new stake in Alphabet in the 3rd quarter valued at $4,338,397,000. Vanguard Group Inc. grew its holdings in Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after buying an additional 12,531,695 shares in the last quarter. Capital World Investors grew its holdings in Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock valued at $12,910,542,000 after buying an additional 11,605,785 shares in the last quarter. Capital Research Global Investors grew its holdings in Alphabet by 15.7% in the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider’s stock valued at $12,333,076,000 after buying an additional 6,874,381 shares in the last quarter. Finally, Mizuho Markets Cayman LP grew its holdings in Alphabet by 23,402.1% in the 3rd quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider’s stock valued at $1,487,419,000 after buying an additional 6,092,513 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.
Alphabet Price Performance
GOOGL opened at $364.26 on Wednesday. The stock’s 50-day moving average price is $356.15 and its 200 day moving average price is $329.17. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.41 trillion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.56 and a beta of 1.23.
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 $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is 6.71%.
Insider Buying and Selling
In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 8,993 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the sale, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. This trade represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 193,016 shares of company stock worth $17,282,549 over the last ninety days. Company insiders own 11.61% of the company’s stock.
Analyst Upgrades and Downgrades
GOOGL has been the subject of several analyst reports. CICC Research upped their target price on Alphabet from $388.00 to $407.91 and gave the company an “outperform” rating in a report on Friday, May 1st. Truist Financial set a $430.00 target price on Alphabet and gave the company a “buy” rating in a report on Friday, May 29th. President Capital upped their target price on Alphabet from $375.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. DZ Bank restated a “buy” rating on shares of Alphabet in a report on Monday, February 16th. Finally, HSBC restated a “buy” rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. Two research 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, the stock has an average rating of “Moderate Buy” and an average price target of $413.13.
Check Out Our Latest Stock Analysis on Alphabet
More Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s Gemini app reportedly doubled its monthly users to 900 million, reinforcing the company’s momentum in consumer AI and supporting the case that its AI investments are translating into real usage.
- Positive Sentiment: Wall Street commentary remains constructive, with one report citing TD Cowen’s view that Alphabet could rise further by 2027, reflecting ongoing confidence in its earnings power and AI/cloud growth.
- Positive Sentiment: Alphabet was highlighted as a long-term value-and-growth story, with its search cash engine funding a growing cloud and AI franchise at what some analysts view as an attractive valuation.
- Positive Sentiment: Alphabet’s recent convertible preferred offering and related financing coverage suggest it still has strong access to capital as it expands AI infrastructure, which can help fund growth initiatives.
- Neutral Sentiment: Alphabet’s large AI spending plans remain a key debate, with some analysts warning that rising capex could weigh on near-term profitability even if it supports future growth.
- Neutral Sentiment: Short-interest data showed no meaningful short position change, so it does not appear to be a major driver of the stock move.
- Neutral Sentiment: Reports linking Alphabet to major AI compute deals and supplier arrangements, including Google Cloud usage by other tech firms, reinforce its strategic importance in AI but are not directly tied to near-term earnings.
- Negative Sentiment: Several articles focus on pressure from Alphabet’s aggressive AI infrastructure spending, including concerns that capex could compress margins and make investors more cautious about the stock’s high expectations.
- Negative Sentiment: One report specifically warned that Alphabet’s net profit margin deserves closer scrutiny after the stock’s strong run, suggesting investors may be increasingly sensitive to any slowdown in profitability.
About Alphabet
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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