Alphabet Inc. $GOOGL Shares Purchased by Resonant Capital Advisors LLC

Key Points

• Resonant Capital Advisors increased its Alphabet stake by 7% in the fourth quarter, buying 2,761 additional shares and lifting its holding to 42,185 shares worth about $13.2 million.
• Alphabet’s latest earnings beat expectations, with EPS of $5.11 versus the $2.64 estimate and revenue of $109.9 billion topping forecasts. Analysts now expect the company to earn 14.29 EPS this year.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while analysts remain broadly positive with an average rating of Moderate Buy and an average price target of $407.86.

Resonant Capital Advisors LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 42,185 shares of the information services provider's stock after purchasing an additional 2,761 shares during the period. Resonant Capital Advisors LLC's holdings in Alphabet were worth $13,204,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares during the last quarter. Capital World Investors increased its holdings in Alphabet by 28.0% in 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 purchasing an additional 11,605,785 shares during the last quarter. Capital Research Global Investors boosted its position in Alphabet by 15.7% in the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock valued at $12,333,076,000 after buying an additional 6,874,381 shares during the period. Invesco Ltd. boosted its position in Alphabet by 2.3% in the 3rd quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock valued at $10,984,744,000 after buying an additional 1,034,292 shares during the period. Finally, Legal & General Group Plc boosted its position in Alphabet by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 39,250,829 shares of the information services provider's stock valued at $9,541,877,000 after buying an additional 392,547 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Price Performance

Shares of GOOGL opened at $402.62 on Thursday. The firm has a fifty day moving average price of $325.48 and a 200 day moving average price of $315.72. Alphabet Inc. has a 1-year low of $159.61 and a 1-year high of $403.70. The stock has a market cap of $4.88 trillion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 955 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares in the company, valued at approximately $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the completion of the sale, the chief executive officer owned 1,674,560 shares in the company, valued at $508,028,012.80. This represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 158,553 shares of company stock valued at $47,951,856. 11.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GOOGL has been the subject of several recent research reports. Wolfe Research decreased their price target on shares of Alphabet from $390.00 to $360.00 and set an "outperform" rating for the company in a research report on Friday, April 10th. Arete Research raised their price target on shares of Alphabet from $380.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, February 11th. Phillip Securities raised their price target on shares of Alphabet from $340.00 to $395.00 and gave the company a "moderate buy" rating in a research report on Wednesday, April 15th. Wall Street Zen raised shares of Alphabet from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $407.86.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is getting multiple bullish price-target and valuation upgrades, with one report citing an 11.2% increase in target to $410.17 and another framing the stock as still attractive despite its big recent run. Alphabet (GOOGL) price target increased by 11.20% to 410.17
• Positive Sentiment: Google expanded its AI push across Android and Gemini, unveiling new agentic features, AI-native laptops, and deeper integration into search and mobile workflows ahead of I/O. Everything Google announced at its Android Show, from Googlebooks to vibe-coded widgets
• Positive Sentiment: Reports that Google and SpaceX are exploring orbital data centers add to the market’s view that Alphabet remains a leading AI infrastructure winner with long-term optionality. Report: Google and SpaceX in talks to put data centers into orbit
• Positive Sentiment: Alphabet’s Waymo business is still a positive catalyst overall as investors continue to reward the autonomous-driving unit’s growth, even though a recall creates near-term headlines. Why Alphabet stock is outperforming broader market today?
• Neutral Sentiment: Apple is reportedly backing Google’s pushback against EU AI rules, which may help Alphabet manage regulatory friction, but the outcome remains uncertain. Apple Sides With Google In Fighting EU's AI Measures
• Neutral Sentiment: Alphabet-backed Isomorphic Labs raised $2.1 billion to scale AI-driven drug discovery, which reinforces Alphabet’s AI ecosystem but is not an immediate core earnings driver. Google-backed Isomorphic raises $2.1 billion to scale AI-driven drug discovery
• Negative Sentiment: Waymo’s recall of nearly 3,800 robotaxis over a software issue is a setback for Alphabet’s autonomous vehicle unit and could invite more scrutiny from regulators. Waymo to recall nearly 3,800 robotaxis over self-driving software issue

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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