Alphabet Inc. $GOOGL is ARS Investment Partners LLC's 5th Largest Position

Key Points

• ARS Investment Partners LLC increased its Alphabet stake by 13.7% in the first quarter, bringing its holdings to 274,461 shares valued at about $78.9 million. Alphabet is now the firm’s 5th largest position and makes up 4.1% of its portfolio.
• Alphabet reported strong quarterly results, posting $5.11 EPS versus the $2.64 consensus estimate and revenue of $109.9 billion, also ahead of expectations. Analysts still expect Alphabet to earn 14.3 per share for the current fiscal year.
• The company raised its quarterly dividend to $0.22 per share from $0.21, while Wall Street sentiment remains constructive with a consensus rating of Moderate Buy and an average price target of $413.13.

ARS Investment Partners LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 274,461 shares of the information services provider's stock after acquiring an additional 33,055 shares during the period. Alphabet makes up 4.1% of ARS Investment Partners LLC's investment portfolio, making the stock its 5th largest holding. ARS Investment Partners LLC's holdings in Alphabet were worth $78,924,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Brighton Jones LLC grew its holdings in Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after acquiring an additional 4,110 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after purchasing an additional 506 shares in the last quarter. Matrix Asset Advisors Inc. NY boosted its position in shares of Alphabet by 17.6% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock worth $685,000 after purchasing an additional 581 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Alphabet by 11.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock worth $85,557,000 after purchasing an additional 48,805 shares during the period. Finally, United Bank grew its stake in shares of Alphabet by 6.9% during the 2nd quarter. United Bank now owns 48,204 shares of the information services provider's stock worth $8,495,000 after purchasing an additional 3,120 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

GOOGL stock opened at $346.66 on Wednesday. Alphabet Inc. has a 1 year low of $166.13 and a 1 year high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock's 50 day moving average price is $368.25 and its 200 day moving average price is $332.50. The firm has a market cap of $4.20 trillion, a P/E ratio of 26.44, a PEG ratio of 1.50 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly 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 company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, sell-side analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors 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 is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio is 6.71%.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent analyst reports. KeyCorp reiterated an "overweight" rating and issued a $425.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. Truist Financial set a $430.00 target price on shares of Alphabet and gave the stock a "buy" rating in a research report on Friday, May 29th. Loop Capital increased their target price on shares of Alphabet from $355.00 to $490.00 and gave the company a "buy" rating in a report on Friday, May 15th. Cantor Fitzgerald lifted their price target on shares of Alphabet from $395.00 to $465.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Finally, Wall Street Zen raised Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Two 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $413.13.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet will replace Verizon in the Dow Jones Industrial Average effective June 29, a notable prestige boost that could support passive fund buying and improve investor sentiment. Alphabet Set to Join and Honeywell International to Remain in Dow Jones Industrial Average
• Positive Sentiment: Jefferies reaffirmed its Buy rating on Alphabet, reinforcing confidence in the company’s long-term outlook. Alphabet had its "buy" rating reaffirmed by Jefferies Financial Group Inc.
• Positive Sentiment: Alphabet remains a major AI infrastructure beneficiary, with reports noting accelerating demand at Google Cloud, quarterly cloud revenue above $20 billion, and strong enterprise AI adoption. Alphabet Rides on Accelerating AI Infrastructure Demand: What's Ahead?
• Neutral Sentiment: Google DeepMind announced a $75 million AI research partnership with A24, signaling continued investment in AI applications outside core search and cloud. Google DeepMind signs AI research deal with film studio A24
• Neutral Sentiment: Alphabet is still dominant in search, but new reports suggest competition from AI-powered alternatives is putting pressure on its long-term search leadership. Google's online dominance Is showing signs of cracking in AI era
• Negative Sentiment: Investor sentiment was hurt by the departure of key AI figures, including Noam Shazeer and John Jumper, raising concerns that Alphabet is losing talent to OpenAI and Anthropic. Alphabet paces for worst day in a year on AI concerns after high-profile exits
• Negative Sentiment: Several reports say Google’s search dominance may be starting to crack as users test non-AI or AI-free search options, adding pressure on the company’s core revenue engine. Google Losing Ground as Consumers Seek Out Non-AI Search
• Negative Sentiment: Broader market concern over heavy AI capital spending and higher rates also weighed on megacap tech shares, contributing to Alphabet’s weakness. Alphabet, SpaceX, Intel, and More Stocks That Explain Today's Market

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 102 shares of the company's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the transaction, the director directly owned 18,721 shares in the company, valued at approximately $7,132,701. This represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 617 shares of the firm's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 160,516 shares of company stock valued at $7,344,604. 11.61% of the stock is owned by company insiders.

Alphabet 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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