Alphabet Inc. $GOOGL Shares Acquired by BKM Wealth Management LLC

Key Points

• BKM Wealth Management LLC increased its Alphabet stake by 28.6% in the first quarter, buying 4,406 additional shares and bringing its holdings to 19,813 shares worth about $5.7 million.
• Alphabet continues to draw bullish analyst and institutional interest, with multiple firms maintaining Buy/Overweight ratings and consensus targets suggesting further upside from recent levels.
• The stock faces ongoing regulatory pressure, highlighted by the EU court upholding Alphabet’s €4.1 billion Android antitrust fine and a separate Swedish ruling ordering nearly $2 billion in damages.

BKM Wealth Management LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 28.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,813 shares of the information services provider's stock after purchasing an additional 4,406 shares during the quarter. Alphabet makes up 2.1% of BKM Wealth Management LLC's portfolio, making the stock its 9th largest holding. BKM Wealth Management LLC's holdings in Alphabet were worth $5,697,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CIBC Bancorp USA Inc. acquired a new position in shares of Alphabet in the third quarter valued at approximately $416,217,000. NewEdge Wealth LLC increased its position in shares of Alphabet by 11.8% during the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock worth $277,696,000 after acquiring an additional 93,293 shares in the last quarter. World Investment Advisors raised its holdings in shares of Alphabet by 9.2% during the fourth quarter. World Investment Advisors now owns 274,761 shares of the information services provider's stock worth $86,000,000 after acquiring an additional 23,107 shares during the period. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new stake in shares of Alphabet during the fourth quarter worth $28,902,000. Finally, Private Advisory Group LLC lifted its position in Alphabet by 12.2% in the 4th quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider's stock valued at $7,736,000 after acquiring an additional 2,678 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several recent stories highlight Alphabet’s AI and cloud momentum, including Google Cloud traction with enterprise customers like Jack Henry and growing use of Google’s cloud tech by Italy’s Intesa Sanpaolo, which supports the bull case for future growth. Article Title
• Positive Sentiment: Jim Cramer argued that Alphabet still looks cheap, reinforcing a valuation-supportive narrative for GOOGL after its pullback. Article Title
• Positive Sentiment: Wall Street sentiment remains constructive, with Wells Fargo keeping an overweight rating and multiple analysts maintaining buy recommendations, which may help support the stock. Article Title
• Neutral Sentiment: Alphabet’s insider selling by John Kent Walker appears routine and is not, by itself, a major fundamental concern for investors. Article Title
• Neutral Sentiment: Coverage around Alphabet’s growing role in AI-powered shopping, robotaxis, and other ecosystem developments adds to the long-term story, but these are more thesis-supportive than immediate catalysts. Article Title
• Negative Sentiment: The biggest drag is the EU Supreme Court decision upholding Alphabet’s €4.1 billion Android antitrust fine, which reinforces legal and regulatory overhangs for the stock. Article Title
• Negative Sentiment: A separate Swedish court ruling ordered Alphabet to pay nearly $2 billion in a price-comparison dispute, adding to the sense that antitrust and competition risks remain active. Article Title

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 112 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the sale, the director owned 18,833 shares in the company, valued at approximately $6,615,656.24. This represents a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 160,465 shares of company stock worth $8,020,511. Corporate insiders own 11.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GOOGL shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $450.00 target price on shares of Alphabet in a research note on Wednesday, June 3rd. Rosenblatt Securities reissued a "neutral" rating and issued a $393.00 price target on shares of Alphabet in a research note on Thursday, May 21st. BNP Paribas Exane boosted their price target on Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. reiterated a "buy" rating on shares of Alphabet in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $413.54.

Alphabet Stock Performance

Alphabet stock opened at $359.91 on Friday. The firm has a 50-day moving average of $371.05 and a 200-day moving average of $334.41. Alphabet Inc. has a one year low of $172.77 and a one 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 cap of $4.36 trillion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 1.54 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. On average, equities analysts expect that Alphabet Inc. will post 14.32 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. Shareholders of record on Monday, June 8th were paid a $0.22 dividend. This is a positive change 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 was Monday, June 8th. Alphabet's dividend payout ratio is 6.71%.

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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