Alphabet Inc. $GOOGL is Groupama Asset Managment's 4th Largest Position

Key Points

• Groupama Asset Management increased its Alphabet stake by 8.7% in the fourth quarter, bringing its holdings to 968,888 shares worth about $303.3 million. Alphabet is now the firm’s 4th largest position and makes up 4.4% of its portfolio.
• Alphabet reported strong quarterly results, with EPS of $5.11 beating estimates by $2.47 and revenue of $109.9 billion topping forecasts. Analysts still expect continued growth, and the stock has an average Moderate Buy rating with a consensus price target of $413.13.
• The company is facing a mix of positive AI/Cloud momentum and ongoing risks: investors are upbeat about Alphabet’s AI spending and Google Cloud growth, but the article also notes talent departures to rivals, a Waymo robotaxi recall, and regulatory scrutiny in the UK.

Groupama Asset Managment boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 968,888 shares of the information services provider's stock after purchasing an additional 77,706 shares during the period. Alphabet comprises 4.4% of Groupama Asset Managment's portfolio, making the stock its 4th largest holding. Groupama Asset Managment's holdings in Alphabet were worth $303,262,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GOOGL. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at about $38,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Alphabet in the fourth quarter worth approximately $38,000. Bard Associates Inc. purchased a new position in shares of Alphabet in the fourth quarter worth approximately $52,000. Kentucky Trust Co grew its position in Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after buying an additional 100 shares during the period. Finally, Uniplan Investment Counsel Inc. bought a new stake in Alphabet during the fourth quarter valued at approximately $65,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

More Alphabet News

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

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the sale, the director directly owned 18,721 shares in the company, valued at approximately $7,132,701. The trade was a 0.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the sale, the director owned 2,531 shares in the company, valued at approximately $995,341.06. The trade was a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 160,516 shares of company stock valued at $7,344,604 in the last ninety days. Corporate insiders own 11.61% of the company's stock.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several analyst reports. Wall Street Zen upgraded shares of Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. KeyCorp restated an "overweight" rating and issued a $425.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. Susquehanna reaffirmed a "positive" rating and issued a $460.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Arete Research lifted their target price on Alphabet from $405.00 to $425.00 and gave the company a "buy" rating in a research report on Monday, May 18th. Finally, BMO Capital Markets boosted their price target on Alphabet from $410.00 to $435.00 and gave the company an "outperform" rating in a 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $413.13.

Alphabet Trading Up 0.1%

GOOGL stock opened at $368.48 on Friday. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61. 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 capitalization of $4.46 trillion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.57 and a beta of 1.23. The business has a 50 day simple moving average of $367.04 and a two-hundred day simple moving average of $331.95.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion for 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%. Research analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced 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 a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio is 6.71%.

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

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.