Arnhold LLC Has $58.71 Million Stock Holdings in Alphabet Inc. $GOOGL

Arnhold LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,557 shares of the information services provider's stock after selling 33,316 shares during the period. Alphabet comprises 4.5% of Arnhold LLC's portfolio, making the stock its 3rd largest holding. Arnhold LLC's holdings in Alphabet were worth $58,705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PMV Capital Advisers LLC acquired a new stake in shares of Alphabet during the 4th quarter valued at about $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in Alphabet during the third quarter worth about $53,000. Kentucky Trust Co lifted its stake in Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after purchasing an additional 100 shares during the period. iSAM Funds UK Ltd acquired a new stake in Alphabet during the third quarter valued at approximately $53,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in Alphabet during the fourth quarter valued at approximately $69,000. Institutional investors own 40.03% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s long-term AI opportunity remains a major bullish theme, with analysts arguing the company’s heavy investment could support future revenue growth and strengthen its competitive position in search, cloud, and AI. Alphabet: CapEx Pressure Is Real, But The Long-Term AI Opportunity Is Bigger
• Positive Sentiment: Alphabet continues to benefit from broader AI enthusiasm, including reports that Apple is turning to Google for help with its AI overhaul and that Google’s cloud and AI capabilities are being tied to major customer wins and partnerships. Apple tries again on AI, turns to Google for help
• Positive Sentiment: Waymo remains a strategic asset for Alphabet, with new robotaxi-related developments highlighting the unit’s leadership in autonomous driving and potential to unlock long-term value. Uber, Wayve and Waymo are headed towards a robotaxi showdown in London
• Neutral Sentiment: Alphabet is drawing investor attention after its latest earnings results showed strong quarterly performance, including earnings and revenue that beat expectations, which helps support the stock’s long-term valuation. Alphabet Inc. (GOOGL) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Alphabet’s dividend and other capital-return details are also getting attention, but these are unlikely to be the main driver of the stock’s move today. Google to pay dividends next week; Here's how much 100 GOOGL shares will earn
• Negative Sentiment: Shares are sliding because investors appear worried that Alphabet’s expanding AI spending could pressure margins and require more capital than expected before those investments pay off. What's Going On With Alphabet Stock?
• Negative Sentiment: Recent market-wide volatility has also weighed on megacap tech stocks, adding to the weakness in Alphabet despite the company’s long-term AI story. Alphabet (GOOGL) Stock Slides as Market Rises: Facts to Know Before You Trade

Insider Activity

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the firm's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the sale, the director owned 18,721 shares of the company's stock, valued at $7,132,701. The trade was a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 193,016 shares of company stock worth $17,282,549. 11.61% of the stock is currently owned by insiders.

Alphabet Trading Down 1.4%

GOOGL stock opened at $363.31 on Tuesday. The business has a fifty day moving average price of $354.35 and a 200 day moving average price of $328.67. Alphabet Inc. has a fifty-two week low of $162.00 and a fifty-two week high of $408.61. The stock has a market capitalization of $4.40 trillion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 1.58 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates 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 14.29 EPS for the current fiscal 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 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 yield of 0.2%. Alphabet's dividend payout ratio is currently 6.41%.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of recent research reports. UBS Group reissued a "neutral" rating on shares of Alphabet in a report on Wednesday, May 20th. BNP Paribas Exane upped their price target on Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. Mizuho increased their price objective on Alphabet from $420.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 6th. Daiwa Securities Group increased their price objective on Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Finally, KeyCorp reissued an "overweight" rating and set a $425.00 price objective on shares of Alphabet in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $413.13.

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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