Alphabet Inc. $GOOGL is iA Global Asset Management Inc.'s 5th Largest Position

Key Points

• iA Global Asset Management trimmed its Alphabet stake by 2.3% in the fourth quarter, but Alphabet still remained its 5th-largest holding at about 2.9% of the portfolio, worth $228.8 million.
• Alphabet posted strong quarterly results, with EPS of $5.11 and revenue of $109.9 billion, both ahead of expectations. Analysts also remain constructive, with a consensus Moderate Buy rating and average target price of $413.04.
• The company raised its quarterly dividend to $0.22 per share from $0.21, while recent headlines point to continued momentum in AI and cloud, including a larger capital plan for AI infrastructure and reports of new Google Cloud business wins.

iA Global Asset Management Inc. cut its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 730,897 shares of the information services provider's stock after selling 16,928 shares during the period. Alphabet accounts for approximately 2.9% of iA Global Asset Management Inc.'s portfolio, making the stock its 5th largest holding. iA Global Asset Management Inc.'s holdings in Alphabet were worth $228,771,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC bought a new stake in Alphabet during the fourth quarter valued at $38,000. Kentucky Trust Co lifted its stake in shares of Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after acquiring an additional 100 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Alphabet in the 3rd quarter valued at about $53,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Alphabet in the 3rd quarter valued at about $53,000. Finally, Nvest Wealth Strategies Inc. purchased a new position in Alphabet during the 4th quarter valued at about $69,000. Institutional investors own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 102 shares of the company's stock in a transaction on Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares in the company, valued at $7,132,701. This represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director owned 2,531 shares of the company's stock, valued at $995,341.06. The trade was a 29.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 193,016 shares of company stock worth $17,282,549 over the last three months. 11.61% of the stock is currently owned by insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $372.19 on Friday. The business's fifty day moving average price is $351.15 and its 200-day moving average price is $327.52. The stock has a market capitalization of $4.51 trillion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.58 and a beta of 1.23. 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 Inc. has a 1-year low of $162.00 and a 1-year high of $408.61.

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, 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 return on equity of 38.99% and a net margin of 37.92%. On average, equities analysts predict that Alphabet Inc. will post 14.28 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 6.71%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. restated a "buy" rating on shares of Alphabet in a report on Monday, May 4th. Loop Capital increased their target price on Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Wall Street Zen upgraded Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Wedbush upped their price target on Alphabet from $360.00 to $370.00 and gave the stock an "outperform" rating in a research note on Thursday, February 5th. Finally, Citigroup restated an "outperform" rating on shares of Alphabet in a research note on Monday, May 4th. 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 company. According to MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average target price of $413.04.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet raised its capital plan to $84.75 billion to fund AI infrastructure and cloud capacity, signaling it expects strong demand for compute and is willing to invest heavily to protect and grow its long-term AI position. Reuters article
• Positive Sentiment: Apple reportedly tapped Google Cloud to help power a revamped Siri, which could add a high-profile customer for Alphabet’s cloud business and reinforce its AI infrastructure monetization story. PYMNTS article
• Positive Sentiment: Lovable expanded its multi-year Google Cloud relationship, another sign that Google Cloud is winning AI-related usage and customer growth. TechCrunch article
• Positive Sentiment: Needham reiterated a buy rating and a $450 price target, reflecting continued analyst confidence in Alphabet’s cloud and AI growth potential. Benzinga article
• Neutral Sentiment: Several prominent investors, including Berkshire Hathaway and ARK, were reported as buying Alphabet shares, which supports sentiment but does not change fundamentals on its own. Barron's article
• Neutral Sentiment: Alphabet also received a softer-than-feared UK antitrust ruling that requires new conduct changes and lets publishers opt out of AI training, which may limit some data use but reduces the risk of a harsher regulatory outcome. Reuters article
• Negative Sentiment: Reports that Google is quietly laying off staff in Cloud, including parts of its cybersecurity team, may weigh on sentiment by raising questions about cost discipline and internal restructuring. Business Insider article

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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