BDFS Capital LLC Invests $1.07 Million in Alphabet Inc. $GOOG

BDFS Capital LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,422 shares of the information services provider's stock, valued at approximately $1,074,000. Alphabet accounts for 0.5% of BDFS Capital LLC's investment portfolio, making the stock its 29th biggest position.

Several other large investors have also added to or reduced their stakes in GOOG. Imprint Wealth LLC bought a new position in shares of Alphabet in the 3rd quarter valued at about $31,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Alphabet during the 4th quarter worth about $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $41,000. Towne Trust Company N.A grew its holdings in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after buying an additional 34 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new position in Alphabet during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Analyst Ratings Changes

GOOG has been the topic of a number of recent research reports. Scotiabank restated an "outperform" rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Phillip Securities lowered Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, April 15th. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. Finally, Needham & Company LLC set a $400.00 target price on shares of Alphabet and gave the company a "buy" rating in a research report on Friday, March 13th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $376.78.

Insider Buying and Selling

In other news, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 Alphabet stock in a transaction on Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the transaction, the director owned 18,721 shares in the company, valued at approximately $7,132,701. The trade was a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 160,516 shares of company stock valued at $7,344,604 in the last three months. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOG opened at $367.46 on Friday. The stock's 50-day simple moving average is $364.31 and its 200 day simple moving average is $331.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a 52-week low of $163.33 and a 52-week high of $404.47. The stock has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Alphabet's revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.81 EPS. Research analysts forecast that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to draw bullish attention as investors highlight accelerating Google Cloud growth, improving margins, and a very large backlog that suggests strong demand for AI and cloud services. Alphabet: Google Cloud Is Outperforming Azure And AWS; $462 Billion Backlog Requires More AI Investments
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake significantly, which is being read as a strong vote of confidence in GOOG’s long-term outlook. Berkshire Hathaway Expands Alphabet (GOOGL) Stake to 58M Shares as Ackman Exits
• Positive Sentiment: Alphabet’s major AI and data-center investments, including a reported $1.5 billion Alabama campus expansion and broader capex plans, are supporting the view that the company is buying future growth. Alphabet (GOOGL) Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus

Alphabet Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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