92,339 Shares in Alphabet Inc. $GOOGL Acquired by Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust

Key Points

• Retail Employees Superannuation Trust initiated a new position in Alphabet during the fourth quarter, buying 92,339 shares worth about $28.9 million. The stake makes Alphabet its third-largest holding, accounting for roughly 7.7% of the portfolio.
• Alphabet posted strong quarterly results, with EPS of $5.11 topping estimates of $2.64 and revenue of $109.9 billion beating forecasts. The company also raised its quarterly dividend to $0.22 per share from $0.21.
• Wall Street sentiment remains constructive, with multiple analysts maintaining or raising price targets and the consensus rating sitting at Moderate Buy. The average price target is $413.13, above the stock’s recent price of $364.26.

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 92,339 shares of the information services provider's stock, valued at approximately $28,902,000. Alphabet accounts for about 7.7% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's portfolio, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Bancorp USA Inc. purchased a new position in Alphabet in the 3rd quarter worth approximately $416,217,000. NewEdge Wealth LLC grew its stake in Alphabet by 11.8% in the 4th quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock worth $277,696,000 after buying an additional 93,293 shares in the last quarter. Belpointe Asset Management LLC grew its stake in Alphabet by 5.4% in the 3rd quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider's stock worth $17,652,000 after buying an additional 3,740 shares in the last quarter. Private Advisory Group LLC grew its stake in Alphabet by 12.2% in the 4th quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider's stock worth $7,736,000 after buying an additional 2,678 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in Alphabet by 8.5% in the 3rd quarter. AE Wealth Management LLC now owns 924,927 shares of the information services provider's stock worth $224,850,000 after buying an additional 72,235 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Gemini app reportedly doubled its monthly users to 900 million, reinforcing the company’s momentum in consumer AI and supporting the case that its AI investments are translating into real usage.
• Positive Sentiment: Wall Street commentary remains constructive, with one report citing TD Cowen’s view that Alphabet could rise further by 2027, reflecting ongoing confidence in its earnings power and AI/cloud growth.
• Positive Sentiment: Alphabet was highlighted as a long-term value-and-growth story, with its search cash engine funding a growing cloud and AI franchise at what some analysts view as an attractive valuation.
• Positive Sentiment: Alphabet’s recent convertible preferred offering and related financing coverage suggest it still has strong access to capital as it expands AI infrastructure, which can help fund growth initiatives.
• Neutral Sentiment: Alphabet’s large AI spending plans remain a key debate, with some analysts warning that rising capex could weigh on near-term profitability even if it supports future growth.
• Neutral Sentiment: Short-interest data showed no meaningful short position change, so it does not appear to be a major driver of the stock move.
• Neutral Sentiment: Reports linking Alphabet to major AI compute deals and supplier arrangements, including Google Cloud usage by other tech firms, reinforce its strategic importance in AI but are not directly tied to near-term earnings.
• Negative Sentiment: Several articles focus on pressure from Alphabet’s aggressive AI infrastructure spending, including concerns that capex could compress margins and make investors more cautious about the stock’s high expectations.
• Negative Sentiment: One report specifically warned that Alphabet’s net profit margin deserves closer scrutiny after the stock’s strong run, suggesting investors may be increasingly sensitive to any slowdown in profitability.

Insider Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 102 shares of the company's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director owned 18,721 shares of the company's stock, valued at $7,132,701. This represents a 0.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 193,016 shares of company stock worth $17,282,549 over the last ninety days. Insiders own 11.61% of the company's stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $364.26 on Wednesday. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $408.61. The stock has a market capitalization of $4.41 trillion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. The company has a fifty day moving average of $356.15 and a 200-day moving average of $329.17. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

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 company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Equities research analysts expect 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. Investors of record on Monday, June 8th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis 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 currently 6.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GOOGL shares. KeyCorp reissued an "overweight" rating and issued a $425.00 price target on shares of Alphabet in a research note on Wednesday, May 20th. Loop Capital boosted their price target on shares of Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $393.00 price objective on shares of Alphabet in a research note on Thursday, May 21st. Barclays reaffirmed a "buy" rating on shares of Alphabet in a research note on Friday, May 29th. Finally, New Street Research upped their price objective on shares of Alphabet from $450.00 to $455.00 and gave the company a "buy" rating in a research note on Friday, June 5th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $413.13.

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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