Alphabet Inc. $GOOGL Shares Bought by Vectors Research Management LLC

Key Points

• Vectors Research Management LLC increased its Alphabet position by 33.4% in the fourth quarter, buying 2,612 additional shares and bringing its total holdings to 10,436 shares worth about $3.27 million.
• Alphabet has continued to attract institutional interest, with several other hedge funds also adding to their stakes; overall, about 40.03% of the stock is held by institutional investors and hedge funds.
• The company reported strong quarterly results, beating earnings and revenue expectations, while also raising its quarterly dividend from $0.21 to $0.22 per share.

Vectors Research Management LLC raised its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,436 shares of the information services provider's stock after buying an additional 2,612 shares during the period. Vectors Research Management LLC's holdings in Alphabet were worth $3,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GOOGL. Brighton Jones LLC grew its position 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 grew its position 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 position in shares of Alphabet by 17.6% in the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock valued at $685,000 after purchasing an additional 581 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Alphabet by 11.2% in the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock valued at $85,557,000 after purchasing an additional 48,805 shares in the last quarter. Finally, United Bank grew its position in shares of Alphabet by 6.9% in the second quarter. United Bank now owns 48,204 shares of the information services provider's stock valued at $8,495,000 after purchasing an additional 3,120 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the sale, the director owned 2,531 shares of the company's stock, valued at $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 226,481 shares of company stock valued at $27,422,061 over the last quarter. 11.61% of the stock is owned by corporate insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is testing Gemini-powered Search ads, including conversational and contextual ad formats that could improve monetization and help offset concerns that AI search may weaken its core advertising model.
• Positive Sentiment: Google and CrowdStrike helped take down a botnet targeting open-source software developers, reinforcing Alphabet’s cybersecurity capabilities and its role in defending the broader internet ecosystem.
• Positive Sentiment: Reports around Google I/O and Alphabet’s broader AI lineup, including new Gemini features and AI search tools, suggest the company is still aggressively innovating to defend its leadership in search and advertising.
• Neutral Sentiment: Google’s $15 billion Missouri AI data hub investment highlights long-term infrastructure spending to support AI growth, but the near-term stock impact is likely limited.
• Neutral Sentiment: Alphabet has drawn market focus from traders and analysts, with prediction-market activity suggesting shares may stay near current levels in the short term.
• Negative Sentiment: DuckDuckGo reported rising installs as some users respond negatively to Google’s AI Search overhaul, raising investor concerns that the redesign could push a portion of users toward competitors.
• Negative Sentiment: CEO Sundar Pichai acknowledged that one Google AI Search result was “more opinionated than it should be,” underscoring the risk of AI accuracy issues and potential user trust problems.
• Negative Sentiment: Federal prosecutors charged a Google employee with insider trading tied to Polymarket bets, creating a reputational overhang even though the case appears to involve an individual employee rather than core business operations.

Alphabet Stock Down 0.0%

Shares of NASDAQ GOOGL opened at $388.83 on Thursday. The firm has a market cap of $4.71 trillion, a price-to-earnings ratio of 29.66, a PEG ratio of 1.66 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. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $408.61. The business's 50 day moving average is $342.73 and its two-hundred day moving average is $323.73.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced 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. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Research analysts predict that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. 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%. Alphabet's dividend payout ratio is presently 6.41%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GOOGL. Citigroup reiterated an "outperform" rating on shares of Alphabet in a report on Monday, May 4th. Citizens Jmp reiterated a "market outperform" rating and issued a $515.00 price objective on shares of Alphabet in a report on Wednesday, May 20th. Tigress Financial set a $415.00 price objective on Alphabet and gave the company a "strong-buy" rating in a report on Thursday, February 19th. Daiwa Securities Group upped their price objective on Alphabet from $380.00 to $445.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Finally, Wedbush upped their price objective on Alphabet from $360.00 to $370.00 and gave the company an "outperform" rating in a report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $412.65.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.