Allworth Financial LP Has $102.45 Million Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Allworth Financial LP increased its Alphabet stake by 21.5% in the fourth quarter, buying 57,932 additional shares and bringing its total holding to 327,311 shares valued at about $102.45 million.
• Institutional ownership remains significant, with hedge funds and other institutions owning about 40.03% of Alphabet’s stock, and several firms recently initiating or adding to positions.
• Alphabet continues to attract mixed attention from insiders and analysts: insiders have been net sellers in recent months, while Wall Street mostly remains bullish with a consensus “Moderate Buy” rating and an average price target of $413.33.

Allworth Financial LP grew its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 21.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,311 shares of the information services provider's stock after purchasing an additional 57,932 shares during the quarter. Allworth Financial LP's holdings in Alphabet were worth $102,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. PMV Capital Advisers LLC bought a new position in Alphabet in the fourth quarter worth approximately $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in Alphabet in the third quarter worth approximately $53,000. Kentucky Trust Co boosted its holdings in Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after acquiring an additional 100 shares in the last quarter. iSAM Funds UK Ltd bought a new position in Alphabet in the third quarter worth approximately $53,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Alphabet in the third quarter worth approximately $63,000. 40.03% of the stock is owned by institutional investors and hedge funds.

More Alphabet News

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

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 617 shares of Alphabet stock in a transaction on Wednesday, April 1st. The stock was 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 approximately $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the sale, the director directly owned 18,721 shares of the company's stock, valued at $7,132,701. This represents a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 225,516 shares of company stock valued at $27,142,399 in the last ninety days. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $376.37 on Tuesday. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61. The stock has a fifty day simple moving average of $347.16 and a two-hundred day simple moving average of $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 firm has a market cap of $4.56 trillion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping 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 analyst estimates of $106.98 billion. Analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The firm 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 dividend of $0.22 per share. 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 of this dividend is Monday, June 8th. Alphabet's dividend payout ratio is 6.71%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. CICC Research increased their price objective on Alphabet from $388.00 to $407.91 and gave the stock an "outperform" rating in a research note on Friday, May 1st. Loop Capital increased their price objective on Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. New Street Research increased their price objective on Alphabet from $380.00 to $450.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Bank of America increased their price objective on Alphabet from $370.00 to $430.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, DA Davidson increased their price objective on Alphabet from $300.00 to $310.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Two investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $413.33.

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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