Alphabet Inc. $GOOGL is Alley Investment Management Company LLC's 2nd Largest Position

Key Points

• Alley Investment Management cut its stake in Alphabet by 1.5% in Q4 to 115,288 shares (worth $36.09M), which still represents about 4.2% of Alley’s holdings and makes Alphabet its 2nd largest position.
• Alphabet reported a blockbuster Q1 (EPS $5.11 vs. $2.64 est.; revenue $109.9B vs. $107.0B), has a consensus "Moderate Buy" rating with an average target of $406.71, and benefits from major commercial tailwinds like a reported ~$200 billion Anthropic commitment, strong bond demand, and a raised quarterly dividend to $0.22.

Alley Investment Management Company LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 115,288 shares of the information services provider's stock after selling 1,761 shares during the period. Alphabet accounts for approximately 4.2% of Alley Investment Management Company LLC's holdings, making the stock its 2nd biggest holding. Alley Investment Management Company LLC's holdings in Alphabet were worth $36,085,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GOOGL. PMV Capital Advisers LLC purchased a new stake in Alphabet during the 4th quarter worth $38,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Alphabet during the 3rd quarter worth $53,000. Kentucky Trust Co boosted 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 purchasing an additional 100 shares during the period. iSAM Funds UK Ltd purchased a new stake in Alphabet during the 3rd quarter worth $53,000. Finally, Sellwood Investment Partners LLC purchased a new stake in Alphabet during the 3rd quarter worth $63,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GOOGL. Daiwa Securities Group upped their price target on shares of Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research report on Tuesday. Loop Capital upped their price objective on shares of Alphabet from $320.00 to $355.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Freedom Capital cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Monday. Phillip Securities upped their price objective on shares of Alphabet from $340.00 to $395.00 and gave the company a "moderate buy" rating in a research report on Wednesday, April 15th. Finally, Sanford C. Bernstein reissued a "market perform" rating and issued a $390.00 price objective (up from $345.00) on shares of Alphabet in a research report on Thursday, April 30th. Two equities research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $406.71.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s blockbuster Q1 and broader Mag‑7 earnings strength underpin the rally — the company beat EPS and revenue expectations and markets are rewarding AI/cloud leaders. Here's Why Alphabet (GOOGL) is a Strong Growth Stock
• Positive Sentiment: Large commercial commitments: Anthropic reportedly committed to spend ~$200 billion on Google Cloud and chips over five years — a potential multi‑year revenue stream for Cloud and AI infrastructure. Anthropic commits to spending $200 billion on Google's cloud and chips
• Positive Sentiment: Investor confidence in Alphabet’s AI spending shows in debt markets — its largest-ever euro bond sale attracted strong demand, supporting funding for capex and AI investments. Alphabet's euro bond offering sees strong demand
• Positive Sentiment: Product/tech optionality: DeepMind’s new minority stake to train AI on the complex MMORPG EVE Online and internal work on a 24/7 agent (“Remy”) highlight unique data/training opportunities and product roadmaps that could extend monetization. Google DeepMind Will Train AI Models on the MMORPG Eve Online Google is building an AI agent that could be its answer to OpenClaw
• Neutral Sentiment: Macro/sector backdrop is supportive: analysts and outlets note a record aggregate Q1 for corporate earnings and continued AI spending that benefits hyperscalers like Alphabet. Record Earnings Expected in 2026 Q1
• Neutral Sentiment: Strategic moves in AI compute: Alphabet moving to sell TPUs directly could broaden revenue but also reshapes competitive dynamics with Nvidia — mixed for margins and partner relationships. Google Moves to Sell TPUs Directly
• Negative Sentiment: Regulatory risk in Europe resurfaced — Google offered search-results changes to avert additions to €9.5B in EU competition fines, keeping legal uncertainty and potential remediation costs on the table. Google moves to avert EU fines with offer in news search case
• Negative Sentiment: Privacy/data concerns and worker unrest: a top Google scientist warned EU data‑sharing measures risk user privacy, and DeepMind employee union activity highlights reputational and execution risks. Top Google scientist says EU data measures pose privacy risk UK Google DeepMind employees vote to unionize

Alphabet Stock Performance

Shares of Alphabet stock opened at $398.30 on Thursday. The firm has a market cap of $4.82 trillion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The firm's 50-day simple moving average is $316.92 and its 200-day simple moving average is $310.70. 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 1 year low of $147.84 and a 1 year high of $399.85.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Equities analysts forecast that Alphabet Inc. will post 13.86 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the company's 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 in the company, valued at approximately $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 quarter, insiders have sold 158,553 shares of company stock worth $47,951,856. Company insiders own 11.61% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.