Daiwa Securities Group Inc. cut its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.7% in the fourth quarter, HoldingsChannel reports. The firm owned 3,573,641 shares of the information services provider’s stock after selling 98,861 shares during the quarter. Alphabet makes up about 3.6% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 5th biggest position. Daiwa Securities Group Inc.’s holdings in Alphabet were worth $1,118,553,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. PMV Capital Advisers LLC purchased a new stake in Alphabet during the 4th quarter worth about $38,000. Kentucky Trust Co lifted its holdings in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after buying an additional 100 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in Alphabet during the 3rd quarter worth about $53,000. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet during the 4th quarter worth about $69,000. Finally, WHI TRUST Co LLC acquired a new stake in shares of Alphabet during the fourth quarter worth about $72,000. 40.03% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
GOOGL has been the topic of a number of research analyst reports. KeyCorp reiterated an “overweight” rating and set a $425.00 target price on shares of Alphabet in a research report on Wednesday, May 20th. Truist Financial set a $430.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Friday, May 29th. BNP Paribas Exane lifted their target price on Alphabet from $390.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Wells Fargo & Company reiterated an “overweight” rating and set a $435.00 target price (up from $427.00) on shares of Alphabet in a research report on Wednesday, May 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $413.13.
Alphabet Price Performance
Shares of GOOGL opened at $356.38 on Thursday. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The stock’s 50 day moving average is $357.80 and its two-hundred day moving average is $329.64. The firm has a market capitalization of $4.32 trillion, a PE ratio of 27.18, a P/E/G ratio of 1.56 and a beta of 1.23. 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 (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share 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 company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Research analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current year.
Alphabet Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued 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 a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is presently 6.71%.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Analysts turned more optimistic on Alphabet’s 2027 outlook, citing strong AI and Google Cloud growth potential. Veteran Analyst Firm Resets Alphabet Forecast for 2027
- Positive Sentiment: Google introduced new Gemini features for small businesses, which could help drive AI adoption and future subscription revenue. Google Debuts Gemini Features Geared to Small Businesses
- Positive Sentiment: Coverage highlighted Alphabet as a strong long-term growth story, supported by Search, Cloud, and AI. Why Alphabet (GOOGL) is a Top Growth Stock for the Long-Term
- Neutral Sentiment: Google Cloud disruption in India from a third-party facility fire appears temporary, but it underscores operational and infrastructure risk. Fire at third-party facility disrupts Google Cloud network traffic in India
- Negative Sentiment: A California judge denied Alphabet’s bid for a new trial in the youth social media addiction case, keeping litigation risk alive for YouTube. Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge
- Negative Sentiment: Reports of Gemini/Google Workspace AI errors and downtime may weigh on sentiment around product reliability. Gemini Is Down? Live Updates on Google Workspace’s AI Errors
Insider Buying and Selling 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 stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 2,531 shares in the company, valued at approximately $995,341.06. This represents a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 193,016 shares of company stock worth $17,282,549. Corporate insiders own 11.61% of the company’s stock.
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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