Alphabet Inc. $GOOGL Stake Decreased by Berkeley Inc

Key Points

• Berkeley Inc cut its stake in Alphabet by 10.8% in Q4, now owning 35,303 shares worth $11.05 million, which is about 3.5% of Berkeley's holdings and Alphabet is its 8th-largest position.
• Alphabet beat Q1 expectations with $5.11 EPS vs. $2.64 consensus and $109.9B revenue, driven by >60% Google Cloud growth, spurring multiple analyst price-target hikes and a consensus "Moderate Buy" (average PT $397.48).
• Insiders sold 191,986 shares (~$59.16M) over the past three months, even as Alphabet raised its quarterly dividend to $0.22 ($0.88 annualized, ~0.2% yield).

Berkeley Inc decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,303 shares of the information services provider's stock after selling 4,277 shares during the period. Alphabet comprises about 3.5% of Berkeley Inc's holdings, making the stock its 8th largest holding. Berkeley Inc's holdings in Alphabet were worth $11,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after buying an additional 4,008,374 shares during the last quarter. Capital World Investors grew its stake in shares of Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after buying an additional 11,605,785 shares during the last quarter. Capital Research Global Investors grew its stake in shares of 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 worth $12,333,076,000 after buying an additional 6,874,381 shares during the last quarter. Invesco Ltd. grew its stake in shares of Alphabet by 2.3% in the 3rd quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock worth $10,984,744,000 after buying an additional 1,034,292 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of 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 worth $9,541,877,000 after buying an additional 392,547 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 102 shares of the company'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 sale, the director directly owned 18,621 shares in the company, valued at $6,908,391. This represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction on Wednesday, April 15th. The stock was 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 191,986 shares of company stock worth $59,159,207 over the last three months. 11.64% of the stock is currently owned by insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $385.69 on Friday. The business's fifty day moving average price is $313.72 and its 200-day moving average price is $307.81. The stock has a market capitalization of $4.67 trillion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.37 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 2.01. Alphabet Inc. has a 1-year low of $147.84 and a 1-year high of $386.76.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion for 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%. On average, equities analysts predict that Alphabet Inc. will post 11.62 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid 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 dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 7.77%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. DZ Bank restated a "buy" rating on shares of Alphabet in a research note on Monday, February 16th. Loop Capital upped their price target on Alphabet from $320.00 to $355.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Bank of America upped their price objective on Alphabet from $370.00 to $430.00 and gave the company a "buy" rating in a research report on Thursday. CICC Research upped their price objective on Alphabet from $388.00 to $407.91 and gave the company an "outperform" rating in a research report on Friday. Finally, Needham & Company LLC upped their price objective on Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $397.48.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

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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