Alphabet Inc. $GOOGL Shares Purchased by Foundations Investment Advisors LLC

Key Points

• Foundations Investment Advisors LLC increased its Alphabet stake by 12.1% in the fourth quarter, buying 26,579 additional shares and bringing its total holding to 246,019 shares worth about $77.0 million.
• Institutional interest remains broad, with several other hedge funds also adding to Alphabet positions, while institutional investors overall own about 40.03% of the stock.
• Alphabet’s stock has drawn mostly bullish analyst coverage, with multiple firms raising price targets; the consensus rating is Moderate Buy and the average target price is $413.13.

Foundations Investment Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 246,019 shares of the information services provider's stock after acquiring an additional 26,579 shares during the quarter. Alphabet accounts for 1.0% of Foundations Investment Advisors LLC's investment portfolio, making the stock its 22nd biggest position. Foundations Investment Advisors LLC's holdings in Alphabet were worth $77,004,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baker Avenue Asset Management LP boosted its holdings in Alphabet by 3.9% in the fourth quarter. Baker Avenue Asset Management LP now owns 240,332 shares of the information services provider's stock valued at $75,224,000 after acquiring an additional 8,981 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in Alphabet in the fourth quarter valued at $1,474,000. IFG Advisory LLC boosted its holdings in Alphabet by 0.5% in the fourth quarter. IFG Advisory LLC now owns 13,348 shares of the information services provider's stock valued at $4,178,000 after acquiring an additional 64 shares during the last quarter. Thoroughbred Financial Services LLC boosted its holdings in Alphabet by 0.4% in the fourth quarter. Thoroughbred Financial Services LLC now owns 79,403 shares of the information services provider's stock valued at $24,853,000 after acquiring an additional 339 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new position in Alphabet in the fourth quarter valued at $123,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director directly owned 18,721 shares of the company's stock, valued at approximately $7,132,701. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated 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 directly owned 2,531 shares in the company, valued at approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 193,016 shares of company stock valued at $17,282,549. Company insiders own 11.61% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on GOOGL shares. Needham & Company LLC reiterated a "buy" rating and issued a $450.00 target price on shares of Alphabet in a report on Wednesday, June 3rd. President Capital raised their price objective on Alphabet from $375.00 to $465.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Evercore raised their price objective on Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. HSBC reissued a "buy" rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research report on Tuesday, June 2nd. Finally, Cantor Fitzgerald raised their price objective on Alphabet from $395.00 to $465.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $413.13.

Alphabet Stock Up 0.3%

Shares of NASDAQ GOOGL opened at $364.26 on Wednesday. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. The firm has a market cap of $4.41 trillion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.56 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock's 50-day simple moving average is $356.15 and its 200-day simple moving average is $329.17.

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, topping analysts' consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. As a group, equities analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. 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 dividend yield of 0.2%. Alphabet's dividend payout ratio is presently 6.71%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Gemini app reportedly doubled its monthly users to 900 million, reinforcing the company’s momentum in consumer AI and supporting the case that its AI investments are translating into real usage.
• Positive Sentiment: Wall Street commentary remains constructive, with one report citing TD Cowen’s view that Alphabet could rise further by 2027, reflecting ongoing confidence in its earnings power and AI/cloud growth.
• Positive Sentiment: Alphabet was highlighted as a long-term value-and-growth story, with its search cash engine funding a growing cloud and AI franchise at what some analysts view as an attractive valuation.
• Positive Sentiment: Alphabet’s recent convertible preferred offering and related financing coverage suggest it still has strong access to capital as it expands AI infrastructure, which can help fund growth initiatives.
• Neutral Sentiment: Alphabet’s large AI spending plans remain a key debate, with some analysts warning that rising capex could weigh on near-term profitability even if it supports future growth.
• Neutral Sentiment: Short-interest data showed no meaningful short position change, so it does not appear to be a major driver of the stock move.
• Neutral Sentiment: Reports linking Alphabet to major AI compute deals and supplier arrangements, including Google Cloud usage by other tech firms, reinforce its strategic importance in AI but are not directly tied to near-term earnings.
• Negative Sentiment: Several articles focus on pressure from Alphabet’s aggressive AI infrastructure spending, including concerns that capex could compress margins and make investors more cautious about the stock’s high expectations.
• Negative Sentiment: One report specifically warned that Alphabet’s net profit margin deserves closer scrutiny after the stock’s strong run, suggesting investors may be increasingly sensitive to any slowdown in profitability.

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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