Constant Guidance Financial LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 90.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,107 shares of the information services provider's stock after buying an additional 8,611 shares during the period. Alphabet makes up approximately 3.9% of Constant Guidance Financial LLC's investment portfolio, making the stock its 3rd largest holding. Constant Guidance Financial LLC's holdings in Alphabet were worth $5,667,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC boosted its position in Alphabet by 12.1% in the fourth quarter. Foundations Investment Advisors LLC now owns 246,019 shares of the information services provider's stock valued at $77,004,000 after buying an additional 26,579 shares during the last quarter. Baker Avenue Asset Management LP boosted its position 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 buying an additional 8,981 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in Alphabet in the fourth quarter valued at approximately $1,474,000. IFG Advisory LLC boosted its position 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 buying an additional 64 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its position 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 buying an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.
Alphabet News Summary
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.
Insider Buying and Selling at Alphabet
In other news, CAO Amie Thuener O'toole sold 617 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the transaction, the director directly owned 2,531 shares of the company's stock, valued at approximately $995,341.06. This represents a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 193,016 shares of company stock worth $17,282,549. 11.61% of the stock is currently owned by corporate insiders.
Alphabet Trading Up 0.3%
Shares of GOOGL stock opened at $364.26 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company 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 stock has a 50 day simple moving average of $356.15 and a 200-day simple moving average of $329.17. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61.
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 for the quarter, topping the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, equities research analysts expect that Alphabet Inc. will post 14.29 EPS 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 paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. 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. Alphabet's dividend payout ratio is currently 6.71%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on GOOGL shares. Stifel Nicolaus set a $420.00 target price on Alphabet and gave the company a "buy" rating in a research report on Thursday, April 30th. Citizens Jmp reiterated a "market outperform" rating and issued a $515.00 target price on shares of Alphabet in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Alphabet in a research report on Tuesday, April 28th. Arete Research boosted their price target on Alphabet from $405.00 to $425.00 and gave the company a "buy" rating in a report on Monday, May 18th. Finally, BNP Paribas Exane boosted their price target on Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $413.13.
Get Our Latest Analysis on GOOGL
About Alphabet
(
Free Report)
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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