9823 Capital L.P. Makes New $478,000 Investment in Alphabet Inc. $GOOGL

Key Points

• 9823 Capital L.P. disclosed a new position in Alphabet, buying 1,527 shares valued at about $478,000 in the fourth quarter. Alphabet now makes up roughly 0.3% of the firm’s holdings.
• Alphabet is benefiting from continued AI and cloud momentum, including a multi-year HSBC partnership on Google Cloud and new Gemini-related product updates for Google Home and Android devices. These developments highlight Google’s push to expand both enterprise and consumer AI adoption.
• The stock faces mixed signals: analysts remain broadly bullish with multiple buy ratings and an average target price of $413.13, but Alphabet also faces new U.K. regulatory pressure on Google Search. Insider selling has also been notable in recent months.

9823 Capital L.P. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,527 shares of the information services provider's stock, valued at approximately $478,000. Alphabet accounts for approximately 0.3% of 9823 Capital L.P.'s holdings, making the stock its 19th biggest position.

Other institutional investors have also bought and sold shares of the company. PMV Capital Advisers LLC acquired a new stake in Alphabet in the 4th quarter valued at $38,000. IFC & Insurance Marketing Inc. acquired a new stake in Alphabet in the 4th quarter valued at $38,000. Bard Associates Inc. acquired a new stake in Alphabet in the 4th quarter valued at $52,000. Kentucky Trust Co boosted its stake in Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after buying an additional 100 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in Alphabet in the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud is gaining momentum, with HSBC announcing a multi-year partnership to expand its AI usage on Google Cloud, and another AI startup, Ineffable Intelligence, choosing Google Cloud as its preferred infrastructure partner. These deals reinforce Alphabet’s position in enterprise AI and cloud growth. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google also unveiled a new Gemini-powered Google Home Speaker and broader Android 17/Gemini updates, highlighting continued product rollout across consumer devices and AI features that could support ecosystem engagement over time. Google bets on Gemini to reinvent the smart home speaker
• Positive Sentiment: At the G7, Google DeepMind’s Demis Hassabis joined other AI leaders in calling for a U.S.-led AI coalition, underscoring Alphabet’s influence in shaping the AI industry and keeping Google front and center in policy discussions. CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
• Neutral Sentiment: Analysts and commentary pieces remain mixed, with some still bullish on Alphabet’s AI and cloud growth while others warn that heavy capital spending, competition, and a stretched valuation could limit upside near term. Alphabet Drops 6% in a Month: Buy, Sell, or Hold the GOOGL Stock?
• Negative Sentiment: Alphabet faces fresh regulatory pressure in the U.K., where the competition watchdog set conduct requirements for Google Search to increase fairness and transparency in ranking results. That adds to worries about search monetization and long-term control over its core business. UK regulator sets out conduct requirements for Google's search services

Analysts Set New Price Targets

Several analysts recently commented on GOOGL shares. Bank of America boosted their price target on Alphabet from $370.00 to $430.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Truist Financial set a $430.00 price objective on Alphabet and gave the company a "buy" rating in a research report on Friday, May 29th. Guggenheim reiterated a "buy" rating and issued a $450.00 price objective (up from $375.00) on shares of Alphabet in a research report on Thursday, April 30th. Stifel Nicolaus set a $420.00 price objective on Alphabet and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, Rothschild & Co Redburn lifted their price objective on Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $413.13.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the sale, the director directly owned 2,531 shares in the company, valued at $995,341.06. This represents a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 159,466 shares of company stock valued at $6,957,543. Company insiders own 11.61% of the company's stock.

Alphabet Stock Down 2.5%

NASDAQ:GOOGL opened at $363.79 on Thursday. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.41 trillion, a price-to-earnings ratio of 27.75, a PEG ratio of 1.60 and a beta of 1.23. The stock has a 50-day moving average price of $364.75 and a two-hundred day moving average price of $331.35.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results 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 return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. As a group, equities analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a $0.22 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 8th. Alphabet's dividend payout ratio is currently 6.71%.

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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