Alphabet Inc. $GOOGL Shares Purchased by NBC Securities Inc.

Key Points

• NBC Securities Inc. increased its Alphabet stake by 3.2% in the fourth quarter, bringing its holdings to 58,569 shares worth about $18.3 million.
• Alphabet reported better-than-expected quarterly results, with EPS of $5.11 versus estimates of $2.64 and revenue of $109.9 billion versus expectations of $106.98 billion.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while recent news highlights ongoing AI-related expansion efforts, including Gemini-powered features and new product initiatives.

NBC Securities Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 58,569 shares of the information services provider's stock after acquiring an additional 1,836 shares during the period. Alphabet makes up 1.4% of NBC Securities Inc.'s holdings, making the stock its 8th largest position. NBC Securities Inc.'s holdings in Alphabet were worth $18,332,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. PMV Capital Advisers LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $38,000. Kentucky Trust Co grew its stake in shares of Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after acquiring an additional 100 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of Alphabet during the 3rd quarter worth approximately $53,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Alphabet during the 3rd quarter worth about $53,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet during the 4th quarter worth about $69,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 0.3%

Alphabet stock opened at $387.35 on Wednesday. The firm has a 50 day moving average price of $323.56 and a two-hundred day moving average price of $314.66. Alphabet Inc. has a 52-week low of $156.16 and a 52-week high of $402.00. 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 firm has a market cap of $4.69 trillion, a price-to-earnings ratio of 29.55, a PEG ratio of 1.59 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion during 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%. Equities analysts predict that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is presently 6.41%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is rolling out Gemini-powered Android features that let AI understand screen context and complete multi-step tasks, strengthening its AI platform and expanding practical use cases across its ecosystem.
• Positive Sentiment: Google is bringing “agentic” AI, Gemini in Chrome, and new AI-native “Googlebooks” laptops to market, signaling a broader product cycle that could support future revenue growth and keep Alphabet competitive with Apple and other tech giants.
• Positive Sentiment: Alphabet’s partnership with Affirm and Klarna to embed pay-over-time options into Gemini and Google Search could boost commerce activity, improve conversion rates, and make Google Pay more valuable to consumers and merchants.
• Positive Sentiment: Google-backed Isomorphic Labs raised $2.1 billion to scale AI-driven drug discovery, underscoring investor enthusiasm for Alphabet’s broader AI ecosystem and the value of its venture investments.
• Positive Sentiment: Reports that Alphabet is exploring first-ever yen bond financing to fund AI infrastructure suggest the company is willing to invest aggressively in compute capacity, which investors may view as necessary to defend and extend its AI lead.
• Neutral Sentiment: Commentary around Alphabet nearing Nvidia in market value and being at the center of the AI boom highlights strong momentum, but these are more market narratives than immediate fundamental catalysts.
• Negative Sentiment: Alphabet’s heavier AI spending and new debt issuance may pressure near-term margins and raise concerns that the company is trading balance-sheet strength for a more capital-intensive growth strategy.
• Negative Sentiment: Waymo’s robotaxi recall over a self-driving software issue is a reminder that Alphabet’s broader “Other Bets” businesses still carry operational and regulatory execution risks.

Analysts Set New Price Targets

GOOGL has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alphabet in a report on Tuesday, April 28th. Wells Fargo & Company reduced their price objective on Alphabet from $397.00 to $361.00 and set an "overweight" rating for the company in a report on Thursday, April 2nd. DA Davidson boosted their price target on Alphabet from $300.00 to $310.00 and gave the company a "neutral" rating in a research note on Thursday, February 5th. Cantor Fitzgerald upped their price objective on shares of Alphabet from $395.00 to $465.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Finally, Raymond James Financial upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $407.86.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 102 shares of the firm's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total value of $37,842.00. Following the completion of the transaction, the director directly owned 18,621 shares of the company's stock, valued at $6,908,391. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 8,993 shares of the firm's stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider owned 51,808 shares of the company's stock, valued at $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 158,553 shares of company stock worth $47,951,856. 11.61% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

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.