Keel Point LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 7.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,155 shares of the information services provider’s stock after selling 5,145 shares during the period. Alphabet comprises approximately 1.2% of Keel Point LLC’s holdings, making the stock its 16th biggest holding. Keel Point LLC’s holdings in Alphabet were worth $20,707,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in GOOGL. PMV Capital Advisers LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at $38,000. Kentucky Trust Co boosted its stake in shares of Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 100 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Alphabet in the 3rd quarter valued at $53,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at $69,000. Finally, WHI TRUST Co LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at $72,000. Institutional investors and hedge funds own 40.03% of the company’s stock.
Analyst Ratings Changes
GOOGL has been the topic of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $445.00 target price (up from $425.00) on shares of Alphabet in a research note on Monday, June 1st. Canaccord Genuity Group boosted their target price on shares of Alphabet from $415.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Oppenheimer upped their price target on shares of Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Royal Bank Of Canada set a $425.00 price target on shares of Alphabet and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Loop Capital upped their price target on shares of Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Two 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 company’s stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $413.13.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s Google is reportedly in talks with Samsung to manufacture part of its next-generation TPU chip, a sign it is deepening control over AI hardware supply and potentially improving long-term margins. Google in talks with Samsung to make next-generation chips, The Information reports
- Positive Sentiment: Waymo launched a $29.99 monthly premium subscription tier with perks like 10% cash back and free cancellations, showing Alphabet is working to turn autonomous driving into a recurring revenue business. Waymo launches a loyalty program with 10% cash back and free cancellations
- Positive Sentiment: Analysts at Erste Group Bank raised FY2026 and FY2027 earnings estimates for Alphabet, reinforcing confidence in the company’s profit outlook. Alphabet earnings estimate increases
- Positive Sentiment: Several articles highlighted Alphabet as a long-term growth and AI beneficiary, with bullish commentary around cloud, Gemini, and the broader “agentic AI” opportunity. Alphabet: Now Is The Time To Raise Equity, Agentic AI Is Here (Rating Upgrade)
- Neutral Sentiment: Google said it identified an active Oracle PeopleSoft hacking campaign tied to ShinyHunters, which underscores cybersecurity concerns in the enterprise software ecosystem but is not a direct hit to Alphabet’s core business. Google says ShinyHunters hackers targeting education sector via Oracle exploit
- Neutral Sentiment: Waymo also announced a national ad push and a broader effort to market its service, which may help growth but is too early to quantify. Waymo Readies First National Ads as Rivals and Critics Proliferate
- Negative Sentiment: A Google director resigned publicly over the company’s Pentagon-related AI work, adding reputational noise around governance and ethics. A Google director resigned over the company’s military deals
- Negative Sentiment: Alphabet also faced legal and product-related overhangs this week, including a denied retrial in the youth social media addiction case and reports of Gemini/Workspace service issues, which could weigh on sentiment. Update: Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge
Alphabet Stock Up 0.4%
Shares of NASDAQ GOOGL opened at $357.77 on Friday. The company has a market cap of $4.33 trillion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $359.21 and its 200 day simple moving average is $330.05.
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, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, research analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The company 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 dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.
Insider Activity
In other Alphabet news, Director Frances Arnold sold 102 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares of the company’s stock, valued at approximately $7,132,701. The trade was a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 8,993 shares of the business’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 of the company’s stock, valued at $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 193,016 shares of company stock worth $17,282,549. Corporate insiders own 11.61% of the company’s stock.
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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