Alphabet Inc. $GOOGL Shares Purchased by Clark Asset Management LLC

Key Points

• Clark Asset Management increased its stake in Alphabet by 17.5% in Q4, acquiring 1,806 shares to hold 12,141 shares valued at about $3.8 million.
• Alphabet beat Q1 estimates, reporting $5.11 EPS versus $2.64 expected and $109.9 billion in revenue, and the company raised its quarterly dividend to $0.22 (annualized $0.88, ~0.2% yield).
• Market catalysts include a reported Anthropic multiyear purchase commitment (~$200 billion) for Google Cloud and multiple analyst price‑target raises that leave an average target near $405.94 with predominantly Buy ratings.

Clark Asset Management LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,141 shares of the information services provider's stock after purchasing an additional 1,806 shares during the quarter. Clark Asset Management LLC's holdings in Alphabet were worth $3,800,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. PMV Capital Advisers LLC acquired a new stake in Alphabet in the fourth quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Alphabet in the third quarter valued at $53,000. Kentucky Trust Co lifted its holdings in Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after acquiring an additional 100 shares during the period. iSAM Funds UK Ltd acquired a new stake in Alphabet in the third quarter valued at $53,000. Finally, Sellwood Investment Partners LLC acquired a new stake in Alphabet in the third quarter valued at $63,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 1.4%

Alphabet stock opened at $388.46 on Wednesday. The stock has a market cap of $4.70 trillion, a PE ratio of 29.63, a P/E/G ratio of 1.71 and a beta of 1.26. The stock has a 50-day moving average price of $315.19 and a 200 day moving average price of $309.67. Alphabet Inc. has a 52 week low of $147.84 and a 52 week high of $392.82. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

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, topping analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Equities research analysts predict that Alphabet Inc. will post 13.58 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of recent analyst reports. President Capital raised their target price on Alphabet from $375.00 to $465.00 and gave the company a "buy" rating in a report on Tuesday. UBS Group set a $410.00 price target on Alphabet and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Daiwa Securities Group lifted their price target on Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research note on Tuesday. CICC Research lifted their price target on Alphabet from $388.00 to $407.91 and gave the stock an "outperform" rating in a research note on Friday, May 1st. Finally, Rosenblatt Securities lifted their price target on Alphabet from $357.00 to $393.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Two investment 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 stock. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $405.94.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic committed to a multiyear purchase deal with Google Cloud reportedly worth about $200 billion over five years — a massive, long‑term revenue catalyst for Google Cloud and an endorsement of Alphabet’s AI infrastructure business. Anthropic commits to spending $200 billion on Google's cloud and chips, The Information reports
• Positive Sentiment: Analysts kept raising targets and reiterating buys after strong Q1 results and cloud growth — notable lifts from firms including Citizens/JMP, New Street, China Renaissance, Daiwa and President Capital — supporting upside expectations. Citizens Jmp price target raise
• Positive Sentiment: Alphabet’s euro bond deal drew strong demand (orders well above the planned issuance), signaling institutional appetite to fund the company’s AI/capex plans without equity dilution. Alphabet taps euro bond market with six-tranche offering
• Positive Sentiment: Competitive moves: reports that Google will sell TPUs directly could expand its AI‑compute addressable market and pressure rivals (notably Nvidia) — a strategic push that investors view as positive for long‑term AI economics. Google Moves to Sell TPUs Directly
• Neutral Sentiment: The U.S. government and multiple AI firms (including Google/DeepMind) agreed to share pre‑release models for national‑security risk reviews — this increases oversight but also legitimizes Google as a trusted provider for sensitive use cases. What we know about US stress tests of Google, xAI and Microsoft AI models
• Neutral Sentiment: Market cap momentum story: coverage noted Alphabet closing the gap with Nvidia as one of the world’s largest companies, which can attract index and momentum flows but also draw headline volatility. Alphabet closes in on Nvidia's spot as world's biggest company
• Negative Sentiment: EU regulatory friction: a senior Google scientist warned EU regulators that proposed data‑sharing rules could expose user data — heightening European regulatory risk to search and AI data practices. Top Google scientist says EU data measures pose privacy risk for users
• Negative Sentiment: Labor and reputational risk: DeepMind/Google AI staff in the UK voted to unionize and workers have demanded recognition over military use of tech — potential operational, PR and execution risk for AI teams. UK Google DeepMind employees vote to unionize
• Negative Sentiment: Some sell‑side/independent calls temper enthusiasm (a downgrade from Freedom Capital and contrarian technical crash calls), which can amplify short‑term volatility despite strong fundamentals. Freedom Capital downgrade / Zacks

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares in the company, valued at $505,573,853.40. The trade was a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the sale, the director owned 3,581 shares of the company's stock, valued at $1,187,638.65. This trade represents a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 158,553 shares of company stock worth $47,951,856 over the last ninety days. Insiders own 11.61% of the company's stock.

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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