Montag A & Associates Inc. reduced its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 85,167 shares of the information services provider’s stock after selling 2,502 shares during the quarter. Alphabet makes up about 1.1% of Montag A & Associates Inc.’s investment portfolio, making the stock its 17th largest holding. Montag A & Associates Inc.’s holdings in Alphabet were worth $24,491,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp lifted its holdings in shares of Alphabet by 17.1% during the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 2,584 shares of the information services provider’s stock valued at $743,000 after buying an additional 378 shares during the last quarter. Jackson Thornton Wealth Management LLC increased its holdings in Alphabet by 6.3% in the first quarter. Jackson Thornton Wealth Management LLC now owns 6,939 shares of the information services provider’s stock worth $2,201,000 after buying an additional 412 shares during the last quarter. Addison Capital Co increased its holdings in Alphabet by 2.2% in the first quarter. Addison Capital Co now owns 59,880 shares of the information services provider’s stock worth $17,219,000 after buying an additional 1,278 shares during the last quarter. Clearwave Capital LLC raised its position in Alphabet by 4.0% during the first quarter. Clearwave Capital LLC now owns 19,698 shares of the information services provider’s stock valued at $5,664,000 after acquiring an additional 758 shares in the last quarter. Finally, Red Crane Wealth Management LLC raised its position in Alphabet by 6.0% during the first quarter. Red Crane Wealth Management LLC now owns 1,796 shares of the information services provider’s stock valued at $517,000 after acquiring an additional 101 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Alphabet
In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the sale, the director directly owned 1,481 shares in the company, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 159,415 shares of company stock valued at $7,672,279. 11.61% of the stock is currently owned by company insiders.
Key Headlines Impacting Alphabet
- Positive Sentiment: Bank of America said Alphabet could beat second-quarter expectations, citing strength in Google Cloud and a potential boost from its Anthropic stake; the firm raised estimates and kept a bullish view. Alphabet could crush estimates on Cloud strength, Anthropic windfall: BofA
- Positive Sentiment: Multiple analysts reiterated constructive views on Alphabet ahead of earnings, with reports highlighting earnings growth, price strength, and a favorable setup for the upcoming results. Alphabet Set for Solid Quarterly Results on Cloud Strength, BofA Says
- Positive Sentiment: Warren Buffett’s comments that he initiated Berkshire Hathaway’s Alphabet investment added a sentiment boost, reinforcing confidence in the stock’s long-term appeal. Warren Buffett tells CNBC he initiated Berkshire Hathaway’s investment in Alphabet
- Positive Sentiment: Google also unveiled product updates in AI Mode and Google Vids, which support the view that Alphabet is still expanding its AI ecosystem and monetization opportunities. Google’s AI Mode now lets you link and interact with select apps
- Neutral Sentiment: Alphabet remains a major earnings watch name ahead of next week’s report, with investors focused on Cloud growth, Search resilience, and capital spending trends.
- Negative Sentiment: Bloomberg reported that Google’s Gemini 3.5 Pro AI model is months behind schedule and has fallen short of internal coding goals, raising questions about execution in a key AI product area. Google Gemini launch delayed as tech falls short of internal goals, Bloomberg News reports
- Negative Sentiment: The European Union issued new rules requiring Google to share more search data and open Android to rival AI companies, adding to Alphabet’s regulatory overhang in Europe. Google required to open up to AI, search engine rivals under EU-mandated changes
- Negative Sentiment: Law firms also announced a securities fraud investigation tied to the AI delay report, which can increase investor caution and volatility around the stock. Securities Fraud Investigation Into Alphabet Inc. (GOOG) Announced
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. Piper Sandler restated an “overweight” rating and set a $445.00 price objective (up from $425.00) on shares of Alphabet in a report on Monday, June 1st. HSBC reaffirmed a “buy” rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a research report on Tuesday, June 2nd. New Street Research lifted their target price on Alphabet from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, UBS Group restated a “neutral” rating and set a $400.00 price target (down from $410.00) on shares of Alphabet in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.73.
Get Our Latest Stock Report on GOOGL
Alphabet Stock Performance
NASDAQ:GOOGL opened at $354.46 on Friday. The stock has a market capitalization of $4.29 trillion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. 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 Inc. has a 1 year low of $180.48 and a 1 year high of $408.61. The firm has a 50 day moving average of $369.97 and a 200-day moving average of $337.91.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping 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. As a group, sell-side analysts anticipate that Alphabet Inc. will post 14.32 EPS for the current fiscal year.
Alphabet Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.
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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