7,470 Shares in Alphabet Inc. $GOOGL Purchased by Investment Advisory Services Group LLC

Key Points

• Investment Advisory Services Group LLC opened a new position in Alphabet, buying 7,470 shares valued at about $2.34 million. The stake makes Alphabet its 13th-largest holding and represents 2.1% of its portfolio.
• Institutional ownership in Alphabet remains substantial, with hedge funds and other investors holding about 40.03% of the company. Major holders like Vanguard and State Street also added to their positions in recent quarters.
• Alphabet continues to draw strong analyst support and recently reported solid results, including quarterly EPS of $5.11 versus $2.64 expected and revenue of $109.9 billion. The company also raised its quarterly dividend to $0.22 per share and ended with a consensus rating of Moderate Buy.

Investment Advisory Services Group LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,470 shares of the information services provider's stock, valued at approximately $2,338,000. Alphabet makes up 2.1% of Investment Advisory Services Group LLC's investment portfolio, making the stock its 13th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock worth $165,567,398,000 after purchasing an additional 12,531,695 shares in the last quarter. State Street Corp grew its stake in Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after buying an additional 4,008,374 shares during the last quarter. Capital World Investors grew its stake in Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after buying an additional 11,605,785 shares during the last quarter. Capital Research Global Investors grew its stake in Alphabet by 15.7% during the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock worth $12,333,076,000 after buying an additional 6,874,381 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Alphabet by 2.3% during the third quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock worth $10,984,744,000 after buying an additional 1,034,292 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director directly owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 226,481 shares of company stock valued at $27,422,061. 11.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GOOGL. Rothschild & Co Redburn upped their price objective on shares of Alphabet from $390.00 to $430.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Moffett Nathanson upped their price objective on shares of Alphabet from $305.00 to $350.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Susquehanna reaffirmed a "positive" rating and set a $460.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $393.00 price objective on shares of Alphabet in a research note on Thursday, May 21st. Finally, Guggenheim reaffirmed a "buy" rating and set a $450.00 price objective (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $412.94.

Alphabet Price Performance

GOOGL opened at $380.34 on Friday. Alphabet Inc. has a one year low of $162.00 and a one year high of $408.61. 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 company's 50 day simple moving average is $345.77 and its 200-day simple moving average is $324.91. The stock has a market capitalization of $4.61 trillion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26.

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, beating the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. Sell-side analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current fiscal 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 paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This is a boost 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 6.41%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud reported standout Q1’26 results, with revenue up 63% to $20 billion, a 32.9% margin, and a backlog that reached $462 billion, suggesting strong demand and improving profitability. GOOGL Rides on Surging Google Cloud Demand: More Upside Ahead?
• Positive Sentiment: Alphabet and Blackstone announced a partnership to build 500MW of U.S. data center capacity by 2027, underscoring Alphabet’s push to monetize TPU-powered AI compute as a service. Google and Blackstone partner on TPU-powered data centre capacity
• Positive Sentiment: Alphabet’s buy rating was reaffirmed by Barclays, adding to the bullish analyst tone around the stock. Alphabet Class A (GOOGL) Gets a Buy from Cantor Fitzgerald
• Positive Sentiment: Reuters reported that EQT partnered with Google Cloud to accelerate AI adoption across more than 300 portfolio companies, reinforcing Alphabet’s enterprise AI momentum. Private equity firm EQT partners with Google Cloud for AI rollout
• Neutral Sentiment: Waymo continued expanding its robotaxi fleet with lower-cost vehicles and new rider access, which supports Alphabet’s optionality in autonomous driving but is not an immediate earnings driver. Waymo opens Ojai robotaxis to select riders as company aims to lower cost of fleet expansion
• Negative Sentiment: Alphabet is facing fresh reputational and legal pressure after U.S. prosecutors charged a Google engineer in a Polymarket insider-trading case, and an Indian court ruling raised trademark-related ad risk. Indian court ruling on Google keyword ads could reshape online advertising
• Negative Sentiment: Some commentary also suggested Alphabet could face pressure as AI rivals like OpenAI and Anthropic raise larger funding war chests, keeping competition concerns in focus. Anthropic Leapfrogs OpenAI In Valuation. But Here's One Thing To Know.

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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