20,070 Shares in Alphabet Inc. $GOOGL Acquired by Northbridge Financial Group LLC

Key Points

• Northbridge Financial Group LLC disclosed a new position in Alphabet, buying 20,070 shares worth about $6.28 million. Alphabet now ranks as the firm’s 5th-largest holding and represents about 2.8% of its portfolio.
• Wall Street sentiment remains broadly positive, with Alphabet holding a Moderate Buy consensus rating and an average price target of $407.86. Recent analyst moves included an upgrade from Wall Street Zen and higher targets from Morgan Stanley and Barclays.
• Alphabet posted strong quarterly results, reporting EPS of $5.11 versus expectations of $2.64 and revenue of $109.9 billion, while also raising its quarterly dividend to $0.22 per share. The company’s latest stock moves and headlines continue to center on its AI growth, though Waymo’s robotaxi recall and a data settlement add some risk overhang.

Northbridge Financial Group LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,070 shares of the information services provider's stock, valued at approximately $6,282,000. Alphabet comprises approximately 2.8% of Northbridge Financial Group LLC's portfolio, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC grew its stake in Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after acquiring an additional 506 shares in the last quarter. Matrix Asset Advisors Inc. NY lifted its holdings in Alphabet by 17.6% in the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock valued at $685,000 after acquiring an additional 581 shares during the period. Sequoia Financial Advisors LLC boosted its position in Alphabet by 11.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock worth $85,557,000 after purchasing an additional 48,805 shares in the last quarter. Finally, United Bank grew its stake in shares of Alphabet by 6.9% during the 2nd quarter. United Bank now owns 48,204 shares of the information services provider's stock worth $8,495,000 after purchasing an additional 3,120 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen upgraded Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Morgan Stanley increased their target price on Alphabet from $330.00 to $375.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Freedom Capital cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Barclays reissued an "overweight" rating and issued a $405.00 price target (up from $360.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Alphabet from $397.00 to $361.00 and set an "overweight" rating on the stock in a report on Thursday, April 2nd. Two investment 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 company's stock. According to data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and an average target price of $407.86.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares of the company's stock, valued at approximately $505,573,853.40. The trade was a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 617 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 158,553 shares of company stock worth $47,951,856. Insiders own 11.61% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is benefiting from renewed enthusiasm around its AI business, with multiple reports saying the company has nearly caught Nvidia in market value and that investors are betting on Google’s strength across the full AI stack, from cloud infrastructure to models and applications. Alphabet's 160% rally in a year reflects value of owning 'most of the stack' in AI
• Positive Sentiment: Alphabet also highlighted AI momentum by expanding Google Finance in Europe and launching new AI-focused features, reinforcing the view that the company is turning product innovation into monetization opportunities. Google Finance Continues AI-Focused Expansion With EU Launch
• Positive Sentiment: Investor sentiment improved after reports that Alphabet is funding AI infrastructure with debt sales, including its first yen bond offering, which suggests management remains confident enough to keep spending aggressively on growth. Alphabet considers first yen bond sale to fund AI goals
• Neutral Sentiment: Google’s cybersecurity team said it thwarted an AI-enabled hacking attempt, which underscores the company’s security capabilities but also highlights rising threats across the sector. Hackers pushing innovation in AI-enabled hacking operations, Google says
• Negative Sentiment: Waymo, Alphabet’s self-driving unit, is recalling nearly 3,800 robotaxis over a software issue that could send vehicles onto flooded roads, adding regulatory and execution risk around autonomous driving. Waymo to recall nearly 3,800 robotaxis over self-driving software issue
• Negative Sentiment: Alphabet also faces a $135 million Android data settlement headline, which revives privacy and legal overhangs even if the financial impact is manageable relative to the company’s size. Android Owners: You Could Get Part of Google's $135 Million Data Settlement

Alphabet Stock Down 3.0%

Shares of GOOGL opened at $388.64 on Tuesday. The stock has a fifty day simple moving average of $322.04 and a two-hundred day simple moving average of $313.71. 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 company has a market capitalization of $4.71 trillion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 1.64 and a beta of 1.26. Alphabet Inc. has a 52-week low of $156.16 and a 52-week high of $402.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. As a group, equities analysts forecast that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's dividend payout ratio is currently 6.41%.

Alphabet Company 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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