Alphabet Inc. $GOOGL is Arbor Capital Management Inc. ADV's 5th Largest Position

Key Points

• Arbor Capital Management trimmed its Alphabet stake by 17.2% in the fourth quarter, but Alphabet remains its 5th-largest holding at about 2.5% of the portfolio, worth roughly $3.0 million.
• Wall Street sentiment stays upbeat: several analysts raised price targets after Alphabet’s earnings beat, and the stock now carries a consensus “Moderate Buy” with an average target of $407.86.
• Alphabet’s fundamentals and shareholder returns remain strong, with Q1 results topping estimates and the company increasing its quarterly dividend to $0.22 per share. At the same time, investors are watching ongoing legal and antitrust risks in the EU and UK.

Arbor Capital Management Inc. ADV lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,434 shares of the information services provider's stock after selling 1,959 shares during the period. Alphabet makes up about 2.5% of Arbor Capital Management Inc. ADV's portfolio, making the stock its 5th biggest holding. Arbor Capital Management Inc. ADV's holdings in Alphabet were worth $3,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. PMV Capital Advisers LLC purchased a new position in Alphabet in the 4th quarter worth $38,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Alphabet in the 3rd quarter worth $53,000. Kentucky Trust Co raised its stake in Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after acquiring an additional 100 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in Alphabet in the 3rd quarter worth $53,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Alphabet during the third quarter worth about $63,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several analyst reports. Stifel Nicolaus set a $420.00 target price on Alphabet and gave the stock a "buy" rating in a report on Thursday, April 30th. Daiwa Securities Group raised their target price on Alphabet from $380.00 to $445.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. HSBC raised their target price on Alphabet from $385.00 to $435.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Barclays restated an "overweight" rating and set a $405.00 target price (up from $360.00) on shares of Alphabet in a research report on Thursday, April 30th. Finally, UBS Group set a $410.00 target price on Alphabet and gave the company a "neutral" rating in a research report on Thursday, April 30th. Two investment 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 company's stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $407.86.

Alphabet Trading Down 0.0%

Shares of Alphabet stock opened at $400.69 on Monday. The stock has a market cap of $4.85 trillion, a P/E ratio of 30.56, a P/E/G ratio of 1.64 and a beta of 1.26. The stock's 50 day simple moving average is $318.66 and its 200-day simple moving average is $311.72. Alphabet Inc. has a 1-year low of $152.20 and a 1-year high of $402.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

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 for the quarter, topping the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Analysts predict that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. 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. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is presently 6.41%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled upcoming AI-powered bidding and budget-pacing tools for Google Ads, which could make Search and Shopping advertising more efficient and attractive for advertisers. Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Multiple analysts raised price targets on Alphabet, including DBS Bank to $460 and other firms lifting estimates after the company’s earnings beat, reinforcing the view that results remain stronger than expected. DBS Bank Adjusts Price Target on Alphabet to 460
• Positive Sentiment: Google Cloud’s partnership with OTB Group on a generative-AI virtual try-on experience adds to the narrative that Alphabet can monetize AI across enterprise and retail use cases. Google Cloud Partners With OTB Group
• Positive Sentiment: Reports highlighted strong investor appetite for AI leaders such as Google, and recent coverage continues to frame Alphabet as one of the main beneficiaries of the AI spending cycle. Google, Broadcom Drive Delirious Demand
• Positive Sentiment: Recent reports on Google’s AI “agent” efforts and AI search features suggest Alphabet is expanding its product lead in next-generation search and automation tools. Meta, Google enter AI agent race
• Neutral Sentiment: Alphabet is also getting more time to address EU regulators’ concerns in an ongoing antitrust investigation, which removes some immediate pressure but does not eliminate the legal overhang. Google Gets More Time in EU Investigation
• Negative Sentiment: Google faces a new UK lawsuit over online display ads, adding another antitrust/legal risk that could weigh on sentiment if regulatory scrutiny intensifies. Google Faces New UK Lawsuit Over Online Display Ads

Insider Activity

In other news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the sale, the director owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief executive officer directly owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. The trade was a 1.94% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 158,553 shares of company stock worth $47,951,856. 11.61% of the stock is owned by company insiders.

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.