Arwa LLC Makes New $2.27 Million Investment in Alphabet Inc. $GOOGL

Key Points

• Arwa LLC opened a new position in Alphabet during the fourth quarter, buying 7,258 shares valued at about $2.27 million. Alphabet now represents roughly 1.3% of the firm’s portfolio and is its 14th-largest holding.
• Other institutional investors also added Alphabet shares, while insiders have been selling stock in recent months. Hedge funds and other institutions own about 40.03% of the company, compared with 11.61% held by corporate insiders.
• Alphabet reported stronger-than-expected quarterly results, with EPS of $5.11 versus estimates of $2.64 and revenue of $109.9 billion topping forecasts. The company also raised its quarterly dividend to $0.22 per share, and analysts currently rate the stock a Moderate Buy with a consensus target of $413.13.

Arwa LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,258 shares of the information services provider's stock, valued at approximately $2,272,000. Alphabet makes up about 1.3% of Arwa LLC's investment portfolio, making the stock its 14th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at about $38,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. Bard Associates Inc. purchased a new position in Alphabet in the 4th quarter worth approximately $52,000. Kentucky Trust Co boosted its holdings in Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after acquiring an additional 100 shares during the period. Finally, iSAM Funds UK Ltd acquired a new stake in Alphabet in the third quarter valued at approximately $53,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the transaction, the insider owned 51,808 shares of the company's stock, valued at $14,293,309.12. This trade represents a 14.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 160,516 shares of company stock worth $7,344,604 in the last quarter. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Stock Up 0.1%

GOOGL stock opened at $368.48 on Friday. 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 Inc. has a 1-year low of $162.00 and a 1-year high of $408.61. The firm has a fifty day moving average price of $367.04 and a two-hundred day moving average price of $331.95. The firm has a market cap of $4.46 trillion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.57 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Research analysts predict that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is presently 6.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BNP Paribas Exane upped their target price on shares of Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Piper Sandler restated an "overweight" rating and set a $445.00 target price (up from $425.00) on shares of Alphabet in a research note on Monday, June 1st. BMO Capital Markets lifted their target price on Alphabet from $410.00 to $435.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Morgan Stanley boosted their price target on Alphabet from $330.00 to $375.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Finally, Loop Capital increased their price target on Alphabet from $355.00 to $490.00 and gave the company a "buy" rating in a report on Friday, May 15th. Two 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $413.13.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
• Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
• Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
• Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
• Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
• Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
• Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
• Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title

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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