Alphabet Inc. $GOOGL is Pekin Hardy Strauss Inc.'s 9th Largest Position

Key Points

• Pekin Hardy Strauss Inc. increased its Alphabet holdings by 4.6% in the fourth quarter, adding 2,041 shares to bring its total to 46,534 shares worth about $14.6 million. Alphabet is now the firm’s 9th largest position and makes up about 1.3% of its portfolio.
• Alphabet posted strong quarterly results, with earnings of $5.11 per share versus estimates of $2.64 and revenue of $109.9 billion, topping expectations. Analysts now forecast full-year EPS of 14.29.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while Wall Street sentiment remains upbeat with a consensus rating of Moderate Buy and an average price target of $410.84.

Pekin Hardy Strauss Inc. raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,534 shares of the information services provider's stock after buying an additional 2,041 shares during the period. Alphabet makes up approximately 1.3% of Pekin Hardy Strauss Inc.'s portfolio, making the stock its 9th largest position. Pekin Hardy Strauss Inc.'s holdings in Alphabet were worth $14,565,000 as of its most recent SEC filing.

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

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $396.78 on Monday. The company's fifty day moving average price is $329.30 and its 200 day moving average price is $317.61. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $403.70. 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 firm has a market capitalization of $4.81 trillion, a P/E ratio of 30.27, a P/E/G ratio of 1.70 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly 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. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Roth Mkm reaffirmed a "buy" rating on shares of Alphabet in a research report on Thursday, April 30th. Evercore lifted their price objective on shares of Alphabet from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. BMO Capital Markets lifted their price objective on shares of Alphabet from $410.00 to $435.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Robert W. Baird lifted their price objective on shares of Alphabet from $380.00 to $400.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Finally, Wall Street Zen raised shares of Alphabet from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Two equities research 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 presently has a consensus rating of "Moderate Buy" and an average price target of $410.84.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total value of $9,877,400.00. Following the transaction, the chief executive officer directly owned 2,818,524 shares in the company, valued at approximately $856,605,814.08. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the completion of the transaction, the director owned 18,418 shares in the company, valued at approximately $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 157,953 shares of company stock valued at $47,767,818 in the last quarter. Corporate insiders own 11.61% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Loop Capital raised its price target on Alphabet to $490 and kept a buy rating, while Oppenheimer lifted its target to $445 with an outperform rating, reinforcing confidence in the company’s growth outlook. Loop Capital price target update Oppenheimer price target update
• Positive Sentiment: Several reports pointed to Alphabet’s AI momentum ahead of Google I/O, including growing customer adoption of Gemini Flash and expectations that the event will showcase more AI innovation. Business Insider on Gemini Flash adoption BofA note on Google I/O
• Positive Sentiment: Analysts also raised forward earnings estimates for Alphabet, suggesting continued confidence in monetization and profit growth. Alphabet earnings estimate update
• Positive Sentiment: Alphabet completed a record-breaking yen bond sale, giving it fresh funding capacity to expand AI infrastructure while diversifying its financing sources. Yen bond issuance article
• Neutral Sentiment: Commentary around Alphabet’s YouTube revenue, the company’s role in AI infrastructure, and Bill Ackman’s continued interest in mega-cap tech adds to the positive narrative, but these items are more supportive context than direct catalysts. YouTube revenue article Bill Ackman Mag 7 article
• Neutral Sentiment: Some coverage highlighted Alphabet’s valuation and the broader crowding in AI/mega-cap tech, which could make the stock more vulnerable if sentiment cools. Valuation rerating article UBS crowding warning
• Negative Sentiment: A report that Google may cap new Gmail accounts at 5GB of free storage could be seen as a consumer-unfriendly move and a possible engagement risk if implemented broadly. Gmail storage cap article
• Negative Sentiment: There was also some concern around competition and execution in AI and adjacent hardware, including comparison pieces on Alphabet versus Nvidia and broader AI rivalry. AI competition article

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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