Alphabet Inc. $GOOGL Stock Position Increased by Golden State Equity Partners

Key Points

• Golden State Equity Partners increased its Alphabet stake by 5.7% in the fourth quarter, adding 2,931 shares and bringing its total to 53,918 shares worth about $16.9 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 versus $2.64 expected and revenue of $109.9 billion, while analysts currently maintain a consensus Moderate Buy rating and $407.86 price target.
• The company raised its quarterly dividend to $0.22 per share from $0.21, and the stock was also highlighted for momentum in AI, cloud, and government contracts as a potential growth driver.

Golden State Equity Partners raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 53,918 shares of the information services provider's stock after acquiring an additional 2,931 shares during the quarter. Alphabet makes up 2.7% of Golden State Equity Partners' holdings, making the stock its 4th largest holding. Golden State Equity Partners' holdings in Alphabet were worth $16,876,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GOOGL. CIBC Bancorp USA Inc. bought a new stake in Alphabet during the third quarter valued at about $416,217,000. Sovran Advisors LLC boosted its position in Alphabet by 23.6% during the third quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock valued at $5,401,000 after purchasing an additional 4,241 shares in the last quarter. Wright Investors Service Inc. boosted its position in Alphabet by 21.2% during the third quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider's stock valued at $12,171,000 after purchasing an additional 8,746 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Alphabet by 3.8% in the third quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider's stock worth $405,131,000 after acquiring an additional 60,831 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its holdings in Alphabet by 5.4% in the third quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider's stock worth $17,652,000 after acquiring an additional 3,740 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner, with multiple reports highlighting strong demand for its infrastructure, cloud, and Gemini AI efforts as hyperscalers pour capital into AI. Hyperscalers Now Competing With US Treasury for Capital, Driving Up Government Borrowing Costs
• Positive Sentiment: Alphabet’s stock has been re-rated higher by the market, with analysts and commentators pointing to a stronger valuation profile and improved confidence in its earnings power. Why The Market Is Re-Rating Google Stock
• Positive Sentiment: Alphabet’s Google Pay partnership with Affirm could broaden monetization and make Google’s payments ecosystem more attractive to consumers and merchants. Affirm's Google Deal Aims for Your Wallet (GOOGL)
• Positive Sentiment: Reports say Alphabet is gaining momentum in government AI contracts, which could open a new high-value revenue stream and help diversify away from ads. Why Palantir Suddenly Looks Vulnerable After Google’s Move

Alphabet Trading Down 0.4%

Shares of NASDAQ:GOOGL opened at $401.07 on Friday. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $403.70. The stock has a market cap of $4.86 trillion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.72 and a beta of 1.26. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $327.43 and a 200-day moving average price of $316.71.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Equities analysts predict that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

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

Analyst Upgrades and Downgrades

GOOGL has been the subject of several recent analyst reports. DZ Bank reissued a "buy" rating on shares of Alphabet in a report on Monday, February 16th. President Capital raised their price target on Alphabet from $375.00 to $465.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Sanford C. Bernstein reissued a "market perform" rating and issued a $390.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a report on Monday, May 4th. Finally, Freedom Capital downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $407.86.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director directly owned 4,631 shares in the company, valued at approximately $1,405,091.71. This trade represents a 18.48% 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 Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the transaction, the director owned 18,418 shares of the company's stock, valued at approximately $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 157,953 shares of company stock valued at $47,767,818 in the last 90 days. 11.61% of the stock is currently owned by corporate 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.

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