Alphabet Inc. $GOOG is Denali Advisors LLC's 4th Largest Position

Key Points

• Denali Advisors LLC increased its Alphabet stake by 19.9% in the fourth quarter, adding 15,298 shares to bring its total to 92,281 shares worth about $28.96 million. Alphabet is now Denali’s 4th largest position and represents roughly 3.2% of its portfolio.
• Several major catalysts could support Alphabet’s stock, including expected AI announcements at Google I/O and broad product updates across Search, Chrome, and Android. Investors are watching for Gemini upgrades, agentic commerce features, and TPU progress as signs of continued AI leadership.
• Alphabet has strong recent fundamentals and favorable analyst sentiment, after reporting Q1 EPS of $5.11 versus $2.68 expected and revenue of $109.9 billion, up 21.8% year over year. Analysts currently rate the stock a consensus “Buy,” with a consensus price target of $363.40.

Denali Advisors LLC raised its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,281 shares of the information services provider's stock after buying an additional 15,298 shares during the quarter. Alphabet makes up approximately 3.2% of Denali Advisors LLC's portfolio, making the stock its 4th biggest position. Denali Advisors LLC's holdings in Alphabet were worth $28,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Imprint Wealth LLC purchased a new stake in Alphabet in the third quarter valued at approximately $31,000. Manning & Napier Advisors LLC purchased a new stake in Alphabet in the third quarter valued at approximately $32,000. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Towne Trust Company N.A lifted its stake in Alphabet by 34.0% in 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, Lynch Asset Management Inc. purchased a new stake in Alphabet in the third quarter valued at approximately $61,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Investors are looking for major AI announcements at Google I/O, including Gemini upgrades, agentic commerce features, and TPU chip progress, which could reinforce Alphabet’s leadership in AI. Google I/O primer: Alphabet's AI showcase is its chance to wow Wall Street
• Positive Sentiment: Bank of America expects broad AI product updates across Search, Chrome, and Android, supporting the view that Alphabet can keep monetizing AI across its core platforms. Google I/O preview: Bank of America expects major AI push across Search, Chrome, and Android
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet position again, a high-profile signal that some large investors still see upside in the stock. Warren Buffett's Successor, Greg Abel, Just Sold 16 Stocks, but Piled Into an AI Titan That's Now a Top-5 Position for Berkshire Hathaway
• Positive Sentiment: Recent coverage highlights Alphabet’s strong fundamentals, including a powerful earnings beat, cloud backlog growth, and AI-driven efficiency gains, which have helped justify the rally. Alphabet: The $462B Backlog Crushed The Bear Case, But At 30x P/E I'm Trimming To Buy
• Neutral Sentiment: Multiple hedge fund and billionaire portfolio updates show mixed views on Alphabet, with some managers adding while others trimmed positions, which may limit the stock’s near-term reaction. Pershing Square trims Alphabet Class C stake by 5.85M shares
• Negative Sentiment: Alphabet disclosed insider-like selling by a major shareholder, which can create slight pressure if investors interpret it as profit-taking after the recent run-up. SEC filing

Insider Activity

In related news, CAO Amie Thuener O'toole sold 955 shares of the company's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares of the company's stock, valued at $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the transaction, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. This represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 257,931 shares of company stock valued at $36,886,538 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GOOG has been the subject of a number of research reports. Oppenheimer boosted their price objective on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research note on Friday. Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a research note on Tuesday, January 20th. Sanford C. Bernstein restated a "market perform" rating and set a $345.00 price target on shares of Alphabet in a research note on Thursday, February 5th. TD Cowen upped their price target on Alphabet from $375.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Scotiabank restated an "outperform" rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Alphabet has a consensus rating of "Buy" and a consensus price target of $363.40.

Alphabet Price Performance

Alphabet stock opened at $393.11 on Tuesday. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The business has a 50 day simple moving average of $329.28 and a 200-day simple moving average of $318.18. The stock has a market capitalization of $4.76 trillion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.96 billion. During the same quarter in the prior year, the business earned $2.81 earnings per share. The company's quarterly revenue was up 21.8% compared to the same quarter last year. Equities analysts predict 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 issued 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 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio is currently 6.41%.

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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