Alphabet Inc. $GOOGL Shares Purchased by ABN AMRO Bank N.V.

Key Points

• ABN AMRO Bank N.V. increased its Alphabet stake by 6.4% in the first quarter, buying 36,020 additional shares and bringing its total holding to 602,865 shares worth about $172.1 million.
• Alphabet continues to draw strong institutional interest overall, with hedge funds and other investors owning about 40.03% of the company, while several large funds including Vanguard, Berkshire Hathaway, and Norges Bank reported sizable positions.
• The stock has been supported by solid earnings and bullish analyst sentiment: Alphabet beat quarterly EPS and revenue estimates, and multiple firms reiterated buy/overweight ratings with an average target price of $413.54.

ABN AMRO Bank N.V. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 602,865 shares of the information services provider's stock after buying an additional 36,020 shares during the quarter. Alphabet makes up 1.9% of ABN AMRO Bank N.V.'s holdings, making the stock its 22nd biggest position. ABN AMRO Bank N.V.'s holdings in Alphabet were worth $172,112,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOGL. Norges Bank purchased a new position in Alphabet during the fourth quarter worth approximately $30,534,239,000. Berkshire Hathaway Inc acquired a new position in shares of Alphabet during the 3rd quarter worth approximately $4,338,397,000. Cardano Risk Management B.V. raised its stake in shares of Alphabet by 855.3% during the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock worth $4,546,413,000 after buying an additional 13,004,828 shares during the period. Vanguard Group Inc. lifted its position in shares of Alphabet by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after buying an additional 12,531,695 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after buying an additional 11,605,785 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet News Summary

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

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frances Arnold sold 112 shares of the business's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the transaction, the director directly owned 18,833 shares in the company, valued at approximately $6,615,656.24. The trade was a 0.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 160,465 shares of company stock worth $8,020,511. 11.61% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of Alphabet stock opened at $359.91 on Friday. 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 stock's 50 day simple moving average is $371.05 and its 200-day simple moving average is $334.41. The stock has a market cap of $4.36 trillion, a P/E ratio of 27.45, a P/E/G ratio of 1.54 and a beta of 1.24. Alphabet Inc. has a 1-year low of $172.77 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for 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%. Analysts predict that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced 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 boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio is 6.71%.

Analyst Ratings Changes

A number of research firms have weighed in on GOOGL. Jefferies Financial Group restated a "buy" rating on shares of Alphabet in a research report on Monday, June 22nd. Roth Mkm reissued a "buy" rating on shares of Alphabet in a research note on Thursday, April 30th. Piper Sandler restated an "overweight" rating and set a $445.00 price target (up from $425.00) on shares of Alphabet in a research report on Monday, June 1st. Daiwa Securities Group raised their price target on shares of Alphabet from $380.00 to $445.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group boosted their price objective on Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $413.54.

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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