AlphaCore Capital LLC Acquires 10,021 Shares of Alphabet Inc. $GOOGL

Key Points

• AlphaCore Capital LLC increased its Alphabet stake by 10.9% in the fourth quarter, buying 10,021 more shares and bringing its total holdings to 102,029 shares worth about $31.9 million.
• Institutional interest in Alphabet remains strong, with major holders like Berkshire Hathaway, Vanguard, and Capital World Investors also adding to or initiating positions. Institutions now own 40.03% of the company.
• Alphabet is trading near $358.99 after a 0.8% dip, while investors weigh bullish AI/cloud growth against concerns over its $84.75 billion equity raise and related dilution risk.

AlphaCore Capital LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,029 shares of the information services provider's stock after acquiring an additional 10,021 shares during the quarter. AlphaCore Capital LLC's holdings in Alphabet were worth $31,935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Berkshire Hathaway Inc bought a new position in Alphabet in the third quarter worth $4,338,397,000. Vanguard Group Inc. raised its holdings in Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock worth $165,567,398,000 after purchasing an additional 12,531,695 shares in the last quarter. Capital World Investors raised its holdings in Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after purchasing an additional 11,605,785 shares in the last quarter. Capital Research Global Investors raised its holdings in Alphabet by 15.7% in the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock worth $12,333,076,000 after purchasing an additional 6,874,381 shares in the last quarter. Finally, Mizuho Markets Cayman LP grew its stake in shares of Alphabet by 23,402.1% in the third quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider's stock worth $1,487,419,000 after acquiring an additional 6,092,513 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s reported $10 billion commitment to Alphabet’s capital raise is a strong vote of confidence in the company’s AI and cloud strategy, helping validate the long-term investment case. Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
• Positive Sentiment: Wall Street continues to frame Alphabet as a major AI beneficiary, with analysts reaffirming bullish price targets and noting rising demand for Google Cloud and AI infrastructure. Alphabet had its "buy" rating reaffirmed by Needham & Company LLC
• Neutral Sentiment: Lovable’s expanded multi-year Google Cloud deal highlights ongoing customer demand for Alphabet’s cloud services, but it is a modest business development rather than a major near-term catalyst. Lovable signs multi-year deal with Google Cloud to up usage 5x, source says
• Neutral Sentiment: Coverage around the AI boom and Alphabet’s expanding role in the sector supports the growth narrative, but much of it is sentiment-driven rather than a direct earnings update. Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
• Negative Sentiment: Alphabet’s massive $84.75 billion equity raise is stirring dilution concerns and signaling that AI infrastructure spending will remain extremely capital intensive, which has weighed on the stock. Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
• Negative Sentiment: UK regulators imposed new conduct requirements on Google Search, including giving publishers more control over AI use of their content, adding a fresh regulatory overhang for Alphabet’s search and AI businesses. UK regulator enforces new competition requirements for Google search

Alphabet Trading Down 0.8%

Shares of NASDAQ:GOOGL opened at $358.99 on Thursday. The stock has a market capitalization of $4.35 trillion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.55 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock's 50-day simple moving average is $349.51 and its two-hundred day simple moving average is $326.85. Alphabet Inc. has a 52-week low of $162.00 and a 52-week 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 (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. The business 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%. Analysts expect that Alphabet Inc. will post 14.28 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a $0.22 dividend. 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. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's payout ratio is 6.41%.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the transaction, the chief executive officer owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the firm's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the transaction, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 193,016 shares of company stock valued at $17,282,549. 11.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent research reports. Moffett Nathanson increased their target price on Alphabet from $305.00 to $350.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. reissued a "buy" rating on shares of Alphabet in a research note on Monday, May 4th. Canaccord Genuity Group increased their target price on Alphabet from $415.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Needham & Company LLC reissued a "buy" rating and issued a $450.00 target price on shares of Alphabet in a research note on Wednesday. Finally, DA Davidson increased their target price on Alphabet from $300.00 to $310.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Two investment 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's stock. Based on data from MarketBeat, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $413.04.

Alphabet Profile

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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