Adams Diversified Equity Fund Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 547,900 shares of the information services provider's stock after selling 5,600 shares during the period. Alphabet makes up approximately 3.4% of Adams Diversified Equity Fund Inc.'s investment portfolio, making the stock its 5th largest holding. Adams Diversified Equity Fund Inc.'s holdings in Alphabet were worth $84,727,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Berkshire Money Management Inc. lifted its holdings in Alphabet by 2.2% in the first quarter. Berkshire Money Management Inc. now owns 4,637 shares of the information services provider's stock valued at $717,000 after acquiring an additional 101 shares during the period. Riverbend Wealth Management LLC increased its holdings in shares of Alphabet by 3.5% during the 1st quarter. Riverbend Wealth Management LLC now owns 13,546 shares of the information services provider's stock valued at $2,095,000 after purchasing an additional 457 shares in the last quarter. Daymark Wealth Partners LLC lifted its stake in shares of Alphabet by 1.6% in the 1st quarter. Daymark Wealth Partners LLC now owns 295,741 shares of the information services provider's stock valued at $45,733,000 after purchasing an additional 4,744 shares during the period. Golden State Equity Partners boosted its holdings in Alphabet by 0.4% during the first quarter. Golden State Equity Partners now owns 42,644 shares of the information services provider's stock worth $6,594,000 after buying an additional 169 shares in the last quarter. Finally, S.A. Mason LLC boosted its holdings in Alphabet by 2.7% during the first quarter. S.A. Mason LLC now owns 10,519 shares of the information services provider's stock worth $1,627,000 after buying an additional 281 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.
Alphabet Stock Performance
Alphabet stock opened at $178.53 on Monday. The stock has a market cap of $2.17 trillion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.26 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a 50 day simple moving average of $166.45 and a 200-day simple moving average of $174.26. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05.
Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $76.49 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. During the same period in the prior year, the business posted $1.89 earnings per share. On average, analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.
Alphabet Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 9th. This is a boost from Alphabet's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. Alphabet's dividend payout ratio is currently 9.36%.
Insider Buying and Selling
In other news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Monday, April 14th. The stock was sold at an average price of $161.90, for a total value of $32,380.00. Following the completion of the sale, the director now directly owns 7,613 shares of the company's stock, valued at approximately $1,232,544.70. The trade was a 2.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the sale, the chief executive officer now owns 2,717,696 shares in the company, valued at $430,917,877.76. This represents a 1.18% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,195 shares of company stock valued at $35,764,898. 11.55% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of brokerages have weighed in on GOOGL. Rosenblatt Securities reiterated a "neutral" rating and issued a $189.00 price objective on shares of Alphabet in a research report on Wednesday, May 21st. Susquehanna dropped their price objective on Alphabet from $225.00 to $220.00 and set a "positive" rating on the stock in a report on Friday, April 25th. Truist Financial dropped their price target on shares of Alphabet from $220.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. BNP Paribas Exane restated a "neutral" rating and set a $172.00 price objective on shares of Alphabet in a research report on Friday. Finally, UBS Group set a $195.00 price objective on shares of Alphabet in a report on Friday, April 25th. Ten analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.95.
Read Our Latest Stock Analysis on GOOGL
Alphabet Profile
(
Free Report)
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
Further Reading
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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
