Advisor OS LLC Increases Holdings in Alphabet Inc. $GOOGL

Key Points

• Advisor OS LLC increased its Alphabet stake by 8.8% in the fourth quarter, buying 2,919 more shares and bringing its total to 36,090 shares valued at about $11.3 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 versus expectations of $2.64 and revenue of $109.9 billion, while analysts currently have a consensus Moderate Buy rating and a $412.65 average price target.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, though the yield remains modest at about 0.2%.

Advisor OS LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,090 shares of the information services provider's stock after acquiring an additional 2,919 shares during the quarter. Alphabet accounts for about 0.9% of Advisor OS LLC's holdings, making the stock its 18th biggest position. Advisor OS LLC's holdings in Alphabet were worth $11,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PMV Capital Advisers LLC purchased a new position in shares of Alphabet during the 4th quarter worth $38,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Alphabet during the 3rd quarter worth $53,000. Kentucky Trust Co lifted its stake in shares of Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after purchasing an additional 100 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of Alphabet during the 3rd quarter worth $53,000. Finally, Sellwood Investment Partners LLC purchased a new position in shares of Alphabet during the 3rd quarter worth $63,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction dated 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated 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 approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 226,481 shares of company stock valued at $27,422,061. Company insiders own 11.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GOOGL shares. Piper Sandler reissued an "overweight" rating and set a $425.00 price target (up from $395.00) on shares of Alphabet in a research note on Thursday, April 30th. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a report on Monday, April 20th. Wedbush increased their price objective on shares of Alphabet from $360.00 to $370.00 and gave the stock an "outperform" rating in a report on Thursday, February 5th. Barclays reiterated an "overweight" rating and set a $405.00 price objective (up from $360.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Daiwa Securities Group increased their price objective on shares of Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Two 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 company. According to MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $412.65.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud announced a partnership with Swedish private equity firm EQT to help more than 300 portfolio companies accelerate AI adoption, reinforcing Google Cloud’s enterprise AI momentum. Reuters: Private equity firm EQT partners with Google Cloud for AI rollout
• Positive Sentiment: Waymo, Alphabet’s self-driving unit, began opening its new Ojai robotaxi to select riders; the vehicle is designed to be cheaper to manufacture and lower fleet-expansion costs, which could improve the long-term economics of the business. CNBC: Waymo opens Ojai robotaxis to select riders
• Positive Sentiment: Cantor Fitzgerald reportedly reiterated a bullish view on Alphabet Class A shares, adding to the case that investors still see upside in the company’s core businesses and AI initiatives.
• Neutral Sentiment: Alphabet is testing Gemini-powered Search ad formats, including conversational discovery and highlighted answers, which could eventually boost monetization but is still in the early rollout phase. Yahoo Finance: GOOGL's Innovative Ad Format to Boost Search Growth
• Neutral Sentiment: Several pieces focused on Alphabet’s stock valuation and technical setup, including commentary suggesting support near current levels and possible upside toward $400, but these are market opinions rather than new fundamentals. Finbold: Google stock is guaranteed to hit $400...
• Negative Sentiment: The U.S. Justice Department charged a Google software engineer with insider trading tied to Polymarket bets, which adds reputational noise and could keep scrutiny on Alphabet’s internal controls and compliance culture. Reuters: US charges Google engineer with insider trading on Polymarket
• Negative Sentiment: Competitor commentary, including DuckDuckGo’s criticism of Google’s AI search overhaul and claims that some users are switching away, highlights ongoing competitive and antitrust pressure on Alphabet’s Search franchise. Yahoo Finance: 'It's Time To Fire Google,' Urges Alphabet's Search Engine Rival

Alphabet Trading Up 0.3%

NASDAQ GOOGL opened at $390.13 on Friday. Alphabet Inc. has a one year low of $162.00 and a one year high of $408.61. The company's 50 day moving average price is $344.32 and its 200 day moving average price is $324.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $4.73 trillion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.66 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, sell-side analysts predict that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio is presently 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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