Alphabet Inc. $GOOGL is Anchor Investment Management LLC's 8th Largest Position

Key Points

• Anchor Investment Management cut its Alphabet stake by 15.4% in the fourth quarter, but GOOGL still remains its 8th largest holding at about 1.9% of the portfolio, worth $23.06 million.
• Alphabet beat quarterly earnings expectations, reporting $5.11 EPS versus $2.64 expected and $109.9 billion in revenue, while analysts remain broadly positive with a Moderate Buy consensus and an average price target of $413.13.
• The stock has also been supported by a small dividend increase to $0.22 per share, but it faces mixed headlines including AI talent departures, a Waymo robotaxi recall, and ongoing regulatory scrutiny in the UK.

Anchor Investment Management LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,675 shares of the information services provider's stock after selling 13,392 shares during the period. Alphabet comprises approximately 1.9% of Anchor Investment Management LLC's portfolio, making the stock its 8th largest position. Anchor Investment Management LLC's holdings in Alphabet were worth $23,060,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GOOGL. TD Capital Management LLC raised its stake in shares of Alphabet by 28.0% in the fourth quarter. TD Capital Management LLC now owns 1,384 shares of the information services provider's stock valued at $433,000 after acquiring an additional 303 shares in the last quarter. BDFS Capital LLC acquired a new position in Alphabet during the 4th quarter worth $1,206,000. Tempo Wealth LLC acquired a new position in Alphabet during the 4th quarter worth $16,216,000. GFI Investment Counsel Ltd. purchased a new stake in Alphabet during the 4th quarter worth about $1,762,000. Finally, Thryve Wealth Management LLC purchased a new stake in Alphabet during the 4th quarter worth about $920,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
• Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
• Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
• Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
• Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
• Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
• Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
• Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Evercore lifted their price objective on Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Freedom Capital lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Mizuho raised their target price on shares of Alphabet from $420.00 to $460.00 and gave the company an "outperform" rating in a report on Wednesday, May 6th. Susquehanna reiterated a "positive" rating and issued a $460.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Finally, Daiwa Securities Group boosted their price target on shares of Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $413.13.

Alphabet Stock Performance

Shares of GOOGL stock opened at $368.48 on Friday. The firm has a market cap of $4.46 trillion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.57 and a beta of 1.23. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. The stock's 50-day moving average is $367.04 and its two-hundred day moving average is $331.95. 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 (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating 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 company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is currently 6.71%.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 8,993 shares of the firm's stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares in the company, valued at $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the sale, the director directly owned 1,481 shares of the company's stock, valued at $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 160,516 shares of company stock valued at $7,344,604. Corporate 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.

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