Alphabet Inc. $GOOGL is Banque Cantonale Vaudoise's 6th Largest Position

Key Points

• Banque Cantonale Vaudoise trimmed its Alphabet stake by 1.4% in the first quarter, but the position remains significant at 255,591 shares worth about $73.5 million. Alphabet is still the firm’s 6th largest holding.
• Alphabet’s latest earnings beat expectations, with $5.11 EPS versus the $2.64 estimate and revenue of $109.9 billion topping forecasts. The company also reported strong profitability, including a 37.92% net margin and 38.99% return on equity.
• Sentiment around the stock remains broadly positive: Alphabet recently joined the Dow Jones Industrial Average, analysts maintain a Moderate Buy consensus, and several firms have raised price targets, with the Street’s average target at $413.13.

Banque Cantonale Vaudoise reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 255,591 shares of the information services provider's stock after selling 3,563 shares during the period. Alphabet makes up about 2.8% of Banque Cantonale Vaudoise's holdings, making the stock its 6th largest position. Banque Cantonale Vaudoise's holdings in Alphabet were worth $73,498,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. EMC Capital Management acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $33,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the 4th quarter worth approximately $32,000. PMV Capital Advisers LLC purchased a new position in Alphabet in the 4th quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. purchased a new position in Alphabet in the 4th quarter valued at approximately $38,000. Finally, Bard Associates Inc. acquired a new position in Alphabet during the fourth quarter worth $52,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director directly owned 1,481 shares in the company, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 151,972 shares of company stock valued at $5,016,958. 11.61% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $353.55 on Tuesday. The company has a 50-day simple moving average of $369.30 and a 200-day simple moving average of $333.27. 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 company has a market cap of $4.28 trillion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. Alphabet Inc. has a 12 month low of $172.77 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, equities analysts anticipate that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. Alphabet's payout ratio is 6.71%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet officially joined the Dow Jones Industrial Average, replacing Verizon, which has sparked broad investor buying and index-fund demand. Reuters: Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
• Positive Sentiment: Several reports note Alphabet’s stock rose on the Dow debut, reflecting renewed investor enthusiasm and momentum around the company’s large-cap tech and AI position. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions
• Positive Sentiment: Jefferies reiterated a Buy rating on Alphabet with a $445 price target, suggesting Wall Street still sees meaningful upside despite the recent pullback. Yahoo Finance: Jefferies Maintain a Buy Rating on Alphabet (GOOGL)
• Neutral Sentiment: Alphabet also gained attention from fresh coverage highlighting its cloud and AI partnerships, including Google Cloud’s collaboration with the Philippine government on AI agents for public services. Yahoo Finance: Alphabet’s Google Cloud Partners with Philippine Government to Deploy AI Agents in Public Services
• Neutral Sentiment: Investors are also weighing concerns that strong AI demand is being constrained by limited compute capacity, which may cap near-term growth even as demand remains high. Reuters: Google limits Meta's use of its Gemini AI models, FT reports
• Negative Sentiment: Some articles point out that Alphabet has been under pressure recently due to AI-spending concerns and broader weakness in big tech, so the Dow inclusion may be helping offset a weak monthly trend. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Phillip Securities increased their price objective on shares of Alphabet from $340.00 to $395.00 and gave the company a "moderate buy" rating in a research note on Wednesday, April 15th. Piper Sandler restated an "overweight" rating and set a $445.00 target price (up from $425.00) on shares of Alphabet in a research report on Monday, June 1st. Mizuho upped their price target on shares of Alphabet from $420.00 to $460.00 and gave the company an "outperform" rating in a report on Wednesday, May 6th. Needham & Company LLC reissued a "buy" rating and set a $450.00 price objective on shares of Alphabet in a research note on Wednesday, June 3rd. Finally, Roth Mkm restated a "buy" rating 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 assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $413.13.

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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