Alphabet Inc. $GOOGL Position Reduced by Hoertkorn Richard Charles

Key Points

• Hoertkorn Richard Charles reduced its Alphabet stake by 35.9% in the first quarter, selling 23,080 shares and leaving it with 41,265 shares worth about $11.87 million. Alphabet remains the fund’s largest holding, making up 9.7% of its portfolio.
• Wall Street sentiment on Alphabet stays broadly positive, with several firms reiterating buy ratings and raising price targets. MarketBeat data shows an average rating of “Moderate Buy” and an average price target of $414.11.
• Alphabet’s recent earnings beat expectations, posting $5.11 EPS on revenue of $109.9 billion, well above analyst estimates. The company also raised its quarterly dividend to $0.22 per share, up from $0.21.

Hoertkorn Richard Charles trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 35.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,265 shares of the information services provider's stock after selling 23,080 shares during the period. Alphabet comprises 9.7% of Hoertkorn Richard Charles' investment portfolio, making the stock its largest position. Hoertkorn Richard Charles' holdings in Alphabet were worth $11,866,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Alphabet in the fourth quarter valued at about $30,534,239,000. Cardano Risk Management B.V. boosted its position in shares of Alphabet by 855.3% in the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock worth $4,546,413,000 after buying an additional 13,004,828 shares during the period. Vanguard Group Inc. grew its stake in shares of Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after buying an additional 12,531,695 shares in the last quarter. Capital World Investors grew its stake in shares of Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after buying an additional 11,605,785 shares in the last quarter. Finally, Diamant Asset Management Inc. raised its holdings in shares of Alphabet by 28,950.0% during the 1st quarter. Diamant Asset Management Inc. now owns 9,291,926 shares of the information services provider's stock valued at $2,671,986,000 after buying an additional 9,259,940 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on GOOGL. Truist Financial set a $430.00 price target on Alphabet and gave the stock a "buy" rating in a research report on Friday, May 29th. Roth Capital reiterated a "buy" rating on shares of Alphabet in a research note on Thursday, April 30th. Oppenheimer boosted their target price on shares of Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a research report on Friday, May 15th. JPMorgan Chase & Co. reissued a "buy" rating on shares of Alphabet in a research report on Monday, May 4th. Finally, Arete Research upped their target price on shares of Alphabet from $405.00 to $425.00 and gave the company a "buy" rating in a research note on Monday, May 18th. Three 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 company's stock. Based on data from MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $414.11.

Insider Transactions at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the transaction, the chief accounting officer directly owned 27,348 shares in the company, valued at $9,345,358.56. This represents a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,415 shares of company stock valued at $7,672,279 over the last ninety days. 11.61% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

Alphabet Price Performance

GOOGL stock opened at $346.77 on Friday. The stock's 50 day moving average is $368.89 and its two-hundred day moving average is $337.97. Alphabet Inc. has a 52-week low of $183.71 and a 52-week high of $408.61. The company has a market capitalization of $4.20 trillion, a PE ratio of 26.45, a P/E/G ratio of 1.45 and a beta of 1.24. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

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, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion during 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%. Analysts predict that Alphabet Inc. will post 14.33 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 8th. Alphabet's dividend payout ratio is currently 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.

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