Black Diamond Financial LLC Has $2.82 Million Stock Position in Alphabet Inc. $GOOGL

Key Points

• Black Diamond Financial LLC increased its Alphabet stake by 32.2% in the fourth quarter, ending with 9,006 shares valued at about $2.82 million.
• Other large institutional investors also added to Alphabet positions, and funds now hold about 40.03% of the company’s stock, showing continued broad institutional support.
• Alphabet’s recent results and outlook remain strong: it beat earnings estimates, raised its quarterly dividend to $0.22 per share, and analysts maintain a Moderate Buy consensus with an average target price of $412.65.

Black Diamond Financial LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,006 shares of the information services provider's stock after acquiring an additional 2,195 shares during the period. Black Diamond Financial LLC's holdings in Alphabet were worth $2,819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after purchasing an additional 12,531,695 shares during the last quarter. State Street Corp increased its position in shares of Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock worth $40,524,841,000 after buying an additional 4,008,374 shares during the period. Capital World Investors raised its stake in Alphabet by 28.0% during 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 buying an additional 11,605,785 shares during the last quarter. Capital Research Global Investors raised its stake in Alphabet by 15.7% during 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 buying an additional 6,874,381 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Alphabet by 2.3% in the third quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock valued at $10,984,744,000 after buying an additional 1,034,292 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total value of $9,859,850.00. Following the completion of the sale, the chief executive officer owned 1,674,560 shares in the company, valued at $508,028,012.80. This represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the stock in a transaction dated Friday, March 27th. The shares were 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 of the company's stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 226,481 shares of company stock worth $27,422,061. Company insiders own 11.61% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being highlighted as a strong AI investment thanks to its vertically integrated AI stack and cloud growth, which some analysts say could help it compete effectively in the booming AI data center market.
• Positive Sentiment: Google rolled out new AI-powered ad products at Marketing Live, including Gemini-based ad formats and AI search checkout tools, which could expand ad monetization and strengthen its core advertising business. Article Title
• Positive Sentiment: Reports that Alphabet may invest up to $190 billion by 2026 underscore its aggressive push into AI and infrastructure, signaling continued long-term spending to defend and grow its leadership position.
• Positive Sentiment: Coverage suggesting Alphabet has the tools to win the AI race and remains a top-ranked growth stock may be reinforcing investor confidence in the company’s earnings and strategic outlook.
• Neutral Sentiment: Alphabet’s Waymo unit faced service interruptions in some cities due to flooded roads and construction zones, a reminder that the autonomous driving business still has operational hurdles.
• Neutral Sentiment: Commentary around Google’s AI security challenges and its smart-glasses partnerships adds to the long-term innovation story, but these developments are not likely to move the stock immediately.
• Negative Sentiment: The European Union is reportedly preparing to fine Google a high triple-digit million-euro amount as part of an antitrust investigation, increasing regulatory risk for Alphabet’s core business and pressuring sentiment. Article Title
• Negative Sentiment: Google is also appealing a court ruling tied to its search monopoly, keeping antitrust uncertainty alive for investors focused on the durability of its search dominance.

Alphabet Stock Performance

Shares of Alphabet stock opened at $382.97 on Tuesday. The stock has a market capitalization of $4.64 trillion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.64 and a beta of 1.26. Alphabet Inc. has a 52 week low of $162.00 and a 52 week high of $408.61. The stock has a 50 day moving average price of $339.34 and a two-hundred day moving average price of $322.26. 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:GOOGL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. As a group, equities analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 6.41%.

Analysts Set New Price Targets

GOOGL has been the topic of a number of research analyst reports. DA Davidson upped their price target on shares of Alphabet from $300.00 to $310.00 and gave the company a "neutral" rating in a research report on Thursday, February 5th. Roth Mkm reissued a "buy" rating on shares of Alphabet in a research note on Thursday, April 30th. China Renaissance upped their target price on Alphabet from $400.00 to $485.00 and gave the company a "buy" rating in a research report on Monday, May 4th. BNP Paribas Exane raised their target price on Alphabet from $390.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Finally, Barclays reiterated an "overweight" rating and issued a $405.00 target price (up from $360.00) on shares of Alphabet in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average target price of $412.65.

About Alphabet

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.

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.