Bellecapital International Ltd. Has $3.35 Million Stock Position in Alphabet Inc. $GOOG

Key Points

• Bellecapital International Ltd. sharply reduced its Alphabet stake by 74.2% in the fourth quarter, but still held 10,664 shares worth about $3.35 million.
• Alphabet posted strong Q1 results, with EPS of $5.11 beating estimates and revenue of $109.9 billion also topping expectations, while revenue rose 21.8% year over year.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, and analysts remain broadly positive with an average Buy rating and a $362.73 price target.

Bellecapital International Ltd. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 74.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,664 shares of the information services provider's stock after selling 30,667 shares during the period. Bellecapital International Ltd.'s holdings in Alphabet were worth $3,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new position in Alphabet in the third quarter valued at about $31,000. Manning & Napier Advisors LLC purchased a new position in Alphabet in the third quarter valued at about $32,000. Nvest Wealth Strategies Inc. purchased a new position in Alphabet in the fourth quarter valued at about $38,000. Towne Trust Company N.A grew its stake in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. Finally, Lynch Asset Management Inc. purchased a new position in Alphabet in the third quarter valued at about $61,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the company'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 sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 158,553 shares of company stock worth $47,951,856 in the last 90 days. Insiders own 12.99% of the company's stock.

Alphabet Stock Performance

GOOG opened at $399.06 on Thursday. The company has a market cap of $4.84 trillion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.64 and a beta of 1.25. The stock has a 50-day moving average of $323.77 and a 200-day moving average of $315.48. Alphabet Inc. has a 52-week low of $160.93 and a 52-week high of $399.93. 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 (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm's revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.81 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 14.28 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This is a boost 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 dividend yield of 0.2%. Alphabet's dividend payout ratio is currently 6.41%.

Analyst Ratings Changes

A number of research analysts have commented on GOOG shares. UBS Group restated a "neutral" rating and issued a $348.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. KeyCorp set a $370.00 target price on Alphabet in a research note on Thursday, February 5th. Phillip Securities downgraded Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, April 15th. BMO Capital Markets restated an "outperform" rating and issued a $400.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Finally, Pivotal Research restated a "buy" rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet has an average rating of "Buy" and an average price target of $362.73.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google unveiled a broader AI push at its Android event, including Gemini-powered features, new “Googlebooks” laptops, and agentic AI tools, reinforcing the company’s leadership in AI and mobile ecosystems.
• Positive Sentiment: Reports that Google is discussing orbital data centers with SpaceX have sparked investor excitement about a potential long-term infrastructure advantage in AI and cloud computing. Report: Google and SpaceX in talks to put data centers into orbit
• Positive Sentiment: Alphabet continues to attract bullish analyst and investor attention after strong Q1 results and ongoing cloud/AI growth, supporting the case for additional upside. Alphabet: The A-Z AI Play Set To Profit From The Whole Industry
• Positive Sentiment: Several large investors disclosed higher stakes in Alphabet, including Capital World Investors and other institutions, which can reinforce confidence in the stock’s long-term fundamentals.
• Neutral Sentiment: One fund update showed a large reduction in GOOG holdings by Capital International Investors, but this appears to be portfolio rebalancing rather than a direct company-specific warning.
• Negative Sentiment: Alphabet still faces regulatory pressure in Europe, including efforts to avoid an EU antitrust fine tied to spam-policy changes and broader DMA compliance concerns.

Alphabet Company 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.

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - 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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.