Alphabet Inc. $GOOGL Shares Acquired by Ring Mountain Capital LLC

Key Points

• Ring Mountain Capital increased its stake in Alphabet by 4.6% to 31,570 shares (worth $10.42M), making GOOGL 5.4% of the firm's portfolio and its sixth-largest holding.
• Alphabet beat Q1 expectations with EPS of $5.11 (vs. $2.64 est.) and $109.9B revenue, driven by ~63% Google Cloud growth, prompting multiple analyst price-target raises and a MarketBeat consensus of "Moderate Buy" with a $397.48 target.
• Alphabet raised its quarterly dividend to $0.22 (annualized $0.88, ~0.2% yield), while insiders sold about 191,053 shares (~$58.8M) last quarter; corporate insiders now own 11.61% of the stock.

Ring Mountain Capital LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,570 shares of the information services provider's stock after purchasing an additional 1,381 shares during the period. Alphabet accounts for 5.4% of Ring Mountain Capital LLC's portfolio, making the stock its 6th largest position. Ring Mountain Capital LLC's holdings in Alphabet were worth $10,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of GOOGL. Brighton Jones LLC increased its holdings in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after purchasing an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after purchasing an additional 506 shares in the last quarter. Matrix Asset Advisors Inc. NY grew its holdings in Alphabet by 17.6% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock worth $685,000 after acquiring an additional 581 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Alphabet by 11.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock worth $85,557,000 after acquiring an additional 48,805 shares during the period. Finally, United Bank grew its holdings in Alphabet by 6.9% during the 2nd quarter. United Bank now owns 48,204 shares of the information services provider's stock worth $8,495,000 after acquiring an additional 3,120 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Dbs Bank lifted their target price on shares of Alphabet from $360.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, April 17th. Royal Bank Of Canada set a $425.00 target price on shares of Alphabet and gave the stock an "outperform" rating in a report on Thursday. KeyCorp set a $425.00 target price on shares of Alphabet and gave the stock an "overweight" rating in a report on Thursday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a report on Monday, April 20th. Finally, Guggenheim reaffirmed a "buy" rating and set a $450.00 target price (up from $375.00) on shares of Alphabet in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $397.48.

Alphabet Price Performance

Shares of GOOGL stock opened at $385.69 on Monday. Alphabet Inc. has a 12-month low of $147.84 and a 12-month high of $386.76. The firm has a market capitalization of $4.67 trillion, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $313.72 and a 200-day moving average of $308.70.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results 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. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. On average, equities research analysts forecast that Alphabet Inc. will post 12.94 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend 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 presently 6.41%.

Insider Activity

In other news, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the transaction, the insider owned 13,227 shares of the company's stock, valued at $3,987,279.15. The trade was a 78.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,818,524 shares of the company's stock, valued at approximately $856,605,814.08. The trade was a 1.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 191,053 shares of company stock worth $58,845,206 over the last quarter. Corporate insiders own 11.61% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

About Alphabet

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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