Alexander Randolph Advisory Inc. Has $4.46 Million Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Alexander Randolph Advisory Inc. cut its Alphabet stake by 32.6% in the fourth quarter, selling 6,879 shares and leaving it with 14,245 shares valued at about $4.46 million.
• Alphabet recently posted a strong quarter, reporting $5.11 EPS versus expectations of $2.64 and revenue of $109.9 billion, while also raising its quarterly dividend to $0.22 per share.
• Despite some insider selling and a modest 1% decline in the stock, analysts remain constructive on Alphabet, with a consensus rating of Moderate Buy and an average price target of $413.33.

Alexander Randolph Advisory Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 32.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,245 shares of the information services provider's stock after selling 6,879 shares during the period. Alphabet accounts for 3.7% of Alexander Randolph Advisory Inc.'s holdings, making the stock its 6th biggest position. Alexander Randolph Advisory Inc.'s holdings in Alphabet were worth $4,459,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. PMV Capital Advisers LLC acquired a new stake in Alphabet during the 4th quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Alphabet in the 3rd quarter worth approximately $53,000. Kentucky Trust Co raised its position in 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 buying an additional 100 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in Alphabet during the 3rd quarter worth approximately $53,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Alphabet during the 3rd quarter valued at approximately $63,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wedbush upped their price objective on shares of Alphabet from $360.00 to $370.00 and gave the company an "outperform" rating in a report on Thursday, February 5th. Evercore boosted their target price on shares of Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. Rothschild & Co Redburn upped their price target on shares of Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Mizuho increased their price target on Alphabet from $420.00 to $460.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 6th. Finally, Roth Mkm reiterated a "buy" rating 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 issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus price target of $413.33.

Alphabet Trading Down 1.0%

GOOGL stock opened at $376.37 on Tuesday. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61. The business's 50-day moving average is $347.16 and its 200 day moving average is $325.75. 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 $4.56 trillion, a price-to-earnings ratio of 28.71, a PEG ratio of 1.63 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations 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 anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors 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 represents a $0.88 annualized dividend and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is currently 6.71%.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the sale, the director owned 2,531 shares of the company's stock, valued at $995,341.06. This represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 225,516 shares of company stock worth $27,142,399 in the last ninety days. Company 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: Berkshire Hathaway’s $10 billion commitment gives Alphabet a high-profile endorsement and suggests long-term confidence in the company’s AI and cloud strategy. Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
• Positive Sentiment: Alphabet’s ownership stakes in major private AI companies like SpaceX and Anthropic could provide hidden upside if those firms eventually go public. Alphabet Stock Offers Exposure To SpaceX, Anthropic Before IPOs: What That Means For Investors
• Neutral Sentiment: Coverage of Alphabet’s expanding AI coding, hardware, and consumer-device strategy underscores the company’s push to compete more aggressively, but it does not appear to be the immediate stock-moving catalyst today. Microsoft and Google are late to AI coding, but 'absolutely critical' they compete for growth
• Negative Sentiment: Alphabet’s proposed $80 billion capital raise is raising dilution concerns and signaling much heavier near-term AI capex, which is pressuring the shares. Exclusive: EU cloud rules to curb Amazon, Google access to strategic tenders, draft document shows
• Negative Sentiment: Reports that EU cloud rules could restrict Google’s access to strategic government tenders add another regulatory overhang for the company’s cloud business. Alphabet to raise $80 billion in equity capital for AI spending

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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