Alphabet Inc. $GOOGL Shares Bought by Patriot Financial Group Insurance Agency LLC

Key Points

• Patriot Financial Group more than doubled its Alphabet stake in Q1, boosting holdings by 105.5% to 20,606 shares valued at about $5.93 million.
• Institutional ownership remains significant, with hedge funds and other investors holding roughly 40.03% of Alphabet shares, while some insiders have been trimming positions through recent stock sales.
• Analyst sentiment is still constructive: Alphabet has a consensus “Moderate Buy” rating and an average price target of $413.54, supported by strong quarterly earnings that beat expectations despite ongoing regulatory overhangs in Europe.

Patriot Financial Group Insurance Agency LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 105.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,606 shares of the information services provider's stock after purchasing an additional 10,577 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Alphabet were worth $5,926,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Madison Park Capital Advisors LLC lifted its stake in shares of Alphabet by 16.8% in the 1st quarter. Madison Park Capital Advisors LLC now owns 917 shares of the information services provider's stock valued at $264,000 after purchasing an additional 132 shares during the period. MeadowBrook Investment Advisors LLC increased its holdings in Alphabet by 1.8% in the first quarter. MeadowBrook Investment Advisors LLC now owns 6,355 shares of the information services provider's stock valued at $1,827,000 after buying an additional 110 shares in the last quarter. Financial Futures Ltd Liability Co. boosted its stake in shares of Alphabet by 29.9% during the 1st quarter. Financial Futures Ltd Liability Co. now owns 6,287 shares of the information services provider's stock worth $1,808,000 after acquiring an additional 1,446 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Alphabet by 0.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,779,495 shares of the information services provider's stock worth $511,712,000 after acquiring an additional 10,567 shares in the last quarter. Finally, Diamant Asset Management Inc. grew its position 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 acquiring an additional 9,259,940 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the sale, the director owned 1,481 shares of the company's stock, valued at approximately $545,941.03. This represents a 41.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer owned 27,348 shares of the company's stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 160,465 shares of company stock valued at $8,020,511. Corporate insiders own 11.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wolfe Research lowered their price target on Alphabet from $390.00 to $360.00 and set an "outperform" rating on the stock in a research report on Friday, April 10th. Stifel Nicolaus set a $420.00 price objective on Alphabet and gave the company a "buy" rating in a research report on Thursday, April 30th. Wall Street Zen raised Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. HSBC reiterated a "buy" rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a research report on Tuesday, June 2nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $450.00 price target on shares of Alphabet in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $413.54.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $359.91 on Monday. 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 1 year low of $172.77 and a 1 year high of $408.61. The firm has a market capitalization of $4.36 trillion, a PE ratio of 27.45, a P/E/G ratio of 1.54 and a beta of 1.24. The business's 50 day moving average price is $371.05 and its 200-day moving average price is $334.60.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, equities research analysts expect that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. Alphabet's dividend payout ratio (DPR) is currently 6.71%.

Key Stories Impacting Alphabet

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

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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