Alphabet Inc. $GOOG is Core Alternative Capital's 3rd Largest Position

Key Points

• Core Alternative Capital trimmed its Alphabet stake by 5.7% in the fourth quarter, but GOOG still represents about 5.2% of the firm’s portfolio and remains its third-largest position.
• Alphabet posted strong quarterly results, with EPS of $5.11 beating estimates by a wide margin and revenue rising 21.8% year over year to $109.9 billion.
• The company raised its quarterly dividend to $0.22 per share from $0.21, while analysts overall still rate the stock a consensus “Buy” with a $362.73 price target.

Core Alternative Capital decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,699 shares of the information services provider's stock after selling 3,631 shares during the period. Alphabet makes up approximately 5.2% of Core Alternative Capital's investment portfolio, making the stock its 3rd biggest position. Core Alternative Capital's holdings in Alphabet were worth $18,733,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GOOG. Nvest Wealth Strategies Inc. bought a new position in Alphabet during the fourth quarter valued at approximately $38,000. Imprint Wealth LLC bought a new position in Alphabet during the third quarter valued at approximately $31,000. Manning & Napier Advisors LLC bought a new position in Alphabet during the third quarter valued at approximately $32,000. Towne Trust Company N.A boosted its stake in Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after buying an additional 34 shares during the last quarter. Finally, Creative Capital Management Investments LLC boosted its stake in Alphabet by 1,438.5% during the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider's stock valued at $63,000 after buying an additional 187 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

GOOG has been the subject of a number of research reports. Cantor Fitzgerald reissued a "neutral" rating on shares of Alphabet in a research note on Tuesday, January 20th. TD Cowen increased their price target on Alphabet from $375.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. BMO Capital Markets reiterated an "outperform" rating and issued a $400.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $345.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Finally, Freedom Capital lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $362.73.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares of the company's stock, valued at approximately $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 158,553 shares of company stock valued at $47,951,856. Insiders own 12.99% of the company's stock.

Alphabet Stock Performance

Alphabet stock opened at $399.06 on Thursday. The company has a 50 day moving average price of $323.77 and a 200-day moving average price of $315.48. 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 Inc. has a fifty-two week low of $160.93 and a fifty-two week high of $399.93. The company has a market capitalization of $4.84 trillion, a PE ratio of 30.44, a P/E/G ratio of 1.64 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the previous year, the firm posted $2.81 earnings per share. The company's revenue was up 21.8% on a year-over-year basis. As a group, equities analysts forecast that Alphabet Inc. will post 14.28 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This is a boost from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's payout ratio is presently 6.41%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google unveiled a broader AI push at its Android event, including Gemini-powered features, new “Googlebooks” laptops, and agentic AI tools, reinforcing the company’s leadership in AI and mobile ecosystems.
• Positive Sentiment: Reports that Google is discussing orbital data centers with SpaceX have sparked investor excitement about a potential long-term infrastructure advantage in AI and cloud computing. Report: Google and SpaceX in talks to put data centers into orbit
• Positive Sentiment: Alphabet continues to attract bullish analyst and investor attention after strong Q1 results and ongoing cloud/AI growth, supporting the case for additional upside. Alphabet: The A-Z AI Play Set To Profit From The Whole Industry
• Positive Sentiment: Several large investors disclosed higher stakes in Alphabet, including Capital World Investors and other institutions, which can reinforce confidence in the stock’s long-term fundamentals.
• Neutral Sentiment: One fund update showed a large reduction in GOOG holdings by Capital International Investors, but this appears to be portfolio rebalancing rather than a direct company-specific warning.
• Negative Sentiment: Alphabet still faces regulatory pressure in Europe, including efforts to avoid an EU antitrust fine tied to spam-policy changes and broader DMA compliance concerns.

About Alphabet

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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