Alphabet Inc. $GOOGL Shares Bought by MSH Capital Advisors LLC

Key Points

• MSH Capital Advisors increased its Alphabet stake by 35.5% in the fourth quarter, buying 3,708 additional shares and bringing its total holding to 14,157 shares worth about $4.43 million.
• Alphabet’s latest quarterly results were strong, with earnings of $5.11 per share and revenue of $109.9 billion, both ahead of analyst expectations. The company also posted a net margin of 37.92% and return on equity of 38.99%.
• The company is still getting support from analysts and capital returns, with several firms raising price targets and Alphabet announcing a higher quarterly dividend of $0.22 per share. The stock was down 1.4% on the day despite the upbeat fundamentals and long-term AI optimism.

MSH Capital Advisors LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 35.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,157 shares of the information services provider's stock after acquiring an additional 3,708 shares during the quarter. Alphabet comprises about 0.9% of MSH Capital Advisors LLC's investment portfolio, making the stock its 22nd biggest holding. MSH Capital Advisors LLC's holdings in Alphabet were worth $4,431,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GOOGL. CIBC Bancorp USA Inc. acquired a new position in Alphabet in the 3rd quarter worth approximately $416,217,000. NewEdge Wealth LLC boosted its stake in Alphabet by 11.8% in the 4th quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock worth $277,696,000 after purchasing an additional 93,293 shares during the period. Sovran Advisors LLC boosted its stake in Alphabet by 23.6% in the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock worth $5,401,000 after purchasing an additional 4,241 shares during the period. Belpointe Asset Management LLC boosted its stake in Alphabet by 5.4% in the 3rd quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider's stock worth $17,652,000 after purchasing an additional 3,740 shares during the period. Finally, Private Advisory Group LLC boosted its stake 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 worth $7,736,000 after purchasing an additional 2,678 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s long-term AI opportunity remains a major bullish theme, with analysts arguing the company’s heavy investment could support future revenue growth and strengthen its competitive position in search, cloud, and AI. Alphabet: CapEx Pressure Is Real, But The Long-Term AI Opportunity Is Bigger
• Positive Sentiment: Alphabet continues to benefit from broader AI enthusiasm, including reports that Apple is turning to Google for help with its AI overhaul and that Google’s cloud and AI capabilities are being tied to major customer wins and partnerships. Apple tries again on AI, turns to Google for help
• Positive Sentiment: Waymo remains a strategic asset for Alphabet, with new robotaxi-related developments highlighting the unit’s leadership in autonomous driving and potential to unlock long-term value. Uber, Wayve and Waymo are headed towards a robotaxi showdown in London
• Neutral Sentiment: Alphabet is drawing investor attention after its latest earnings results showed strong quarterly performance, including earnings and revenue that beat expectations, which helps support the stock’s long-term valuation. Alphabet Inc. (GOOGL) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Alphabet’s dividend and other capital-return details are also getting attention, but these are unlikely to be the main driver of the stock’s move today. Google to pay dividends next week; Here's how much 100 GOOGL shares will earn
• Negative Sentiment: Shares are sliding because investors appear worried that Alphabet’s expanding AI spending could pressure margins and require more capital than expected before those investments pay off. What's Going On With Alphabet Stock?
• Negative Sentiment: Recent market-wide volatility has also weighed on megacap tech stocks, adding to the weakness in Alphabet despite the company’s long-term AI story. Alphabet (GOOGL) Stock Slides as Market Rises: Facts to Know Before You Trade

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the transaction, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director owned 2,531 shares in the company, valued at approximately $995,341.06. The trade was a 29.32% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 193,016 shares of company stock worth $17,282,549. Insiders own 11.61% of the company's stock.

Alphabet Stock Down 1.4%

Alphabet stock opened at $363.31 on Tuesday. The firm has a market cap of $4.40 trillion, a price-to-earnings ratio of 27.71, a P/E/G 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 fifty-two week low of $162.00 and a fifty-two week high of $408.61. The firm has a fifty day moving average price of $354.35 and a two-hundred day moving average price of $328.67.

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 for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, analysts forecast that Alphabet Inc. will post 14.29 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 issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 6.41%.

Analysts Set New Price Targets

GOOGL has been the topic of several research analyst reports. Royal Bank Of Canada set a $425.00 price target on shares of Alphabet and gave the company an "outperform" rating in a report on Thursday, April 30th. Sanford C. Bernstein restated a "market perform" rating and set a $390.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. BMO Capital Markets boosted their price target on shares of Alphabet from $410.00 to $435.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. Evercore boosted their price target on shares of Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. Finally, Dbs Bank boosted their price target on shares of Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $413.13.

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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