Aristotle Atlantic Partners LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 17.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,518 shares of the information services provider’s stock after selling 4,836 shares during the quarter. Aristotle Atlantic Partners LLC’s holdings in Alphabet were worth $7,380,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nvest Wealth Strategies Inc. acquired a new stake in Alphabet in the fourth quarter valued at about $38,000. Imprint Wealth LLC acquired a new stake in Alphabet in the third quarter valued at about $31,000. Bard Associates Inc. acquired a new stake in Alphabet in the fourth quarter valued at about $41,000. Towne Trust Company N.A lifted its position in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 34 shares during the period. Finally, Commonwealth Retirement Investments LLC acquired a new stake in Alphabet in the fourth quarter valued at about $45,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Negative Sentiment: Britain’s competition watchdog set new requirements for Google Search, demanding greater transparency in ranking results and fairer treatment for businesses, adding to global regulatory scrutiny that could pressure Alphabet’s core search business. UK regulator sets out conduct requirements for Google’s search services
- Negative Sentiment: Analyst commentary remains cautious, with concerns about Alphabet’s high AI spending, heavy capital expenditures, competition, and valuation limiting enthusiasm despite strong growth prospects. AI Spending Is Strengthening the Alphabet (GOOGL) Bull Case
- Neutral Sentiment: Alphabet showcased more AI momentum at the G7, where Google DeepMind’s Demis Hassabis backed a U.S.-led AI coalition, reinforcing the company’s influence in frontier AI policy and investment discussions. CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
- Neutral Sentiment: Google also launched Android 17 and a new Gemini-focused smart speaker, highlighting ongoing product innovation that could support long-term ecosystem growth but is not an immediate earnings catalyst. Google bets on Gemini to reinvent the smart home speaker
- Positive Sentiment: HSBC expanded its partnership with Google Cloud to grow AI usage, a sign that Alphabet’s cloud and enterprise AI business continues to gain traction with major customers. HSBC partners with Google Cloud to expand AI usage
- Positive Sentiment: Alphabet is also expanding its physical and digital footprint, including a $1.5 billion Alabama data center investment and new Google-supported initiatives, which support the company’s AI infrastructure buildout. Alphabet (GOOGL) to Spend $1.5 Billion Expanding Alabama Data Center
Insider Transactions at Alphabet
Alphabet Stock Down 2.4%
GOOG opened at $362.10 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $4.39 trillion, a price-to-earnings ratio of 27.62, a price-to-earnings-growth ratio of 1.59 and a beta of 1.22. The business has a 50-day moving average of $361.98 and a two-hundred day moving average of $330.47. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. During the same quarter last year, the firm earned $2.81 earnings per share. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, research analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current year.
Alphabet Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s payout ratio is 6.71%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on GOOG shares. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a report on Monday, June 1st. Wells Fargo & Company reissued an “overweight” rating and issued a $435.00 target price on shares of Alphabet in a report on Tuesday, June 2nd. Scotiabank reissued an “outperform” rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Pivotal Research reaffirmed a “buy” rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. Finally, Stifel Nicolaus set a $420.00 target price on Alphabet in a research note on Wednesday, May 20th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $376.78.
Read Our Latest Research Report on Alphabet
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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