Blackhawk Capital Partners LLC Sells 1,559 Shares of Alphabet Inc. $GOOGL

Key Points

• Blackhawk Capital Partners trimmed its Alphabet stake by 4.5% in the fourth quarter, selling 1,559 shares and leaving it with 32,823 shares worth about $10.27 million.
• Other institutional investors have been active in GOOGL, and hedge funds/institutions now own about 40.03% of Alphabet’s stock.
• Alphabet has strong Wall Street support, with a Moderate Buy consensus and an average price target of $412.94, while analysts recently raised targets as high as $450.

Blackhawk Capital Partners LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,823 shares of the information services provider's stock after selling 1,559 shares during the period. Alphabet accounts for approximately 3.9% of Blackhawk Capital Partners LLC's investment portfolio, making the stock its 4th biggest holding. Blackhawk Capital Partners LLC's holdings in Alphabet were worth $10,273,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in GOOGL. CIBC Bancorp USA Inc. purchased a new stake in shares of Alphabet in the third quarter valued at $416,217,000. NewEdge Wealth LLC increased its stake in Alphabet by 11.8% during the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider's stock worth $277,696,000 after acquiring an additional 93,293 shares during the last quarter. Sovran Advisors LLC increased its stake in Alphabet by 23.6% during the third quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock worth $5,401,000 after acquiring an additional 4,241 shares during the last quarter. Belpointe Asset Management LLC increased its stake in Alphabet by 5.4% during the third quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider's stock worth $17,652,000 after acquiring an additional 3,740 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Alphabet by 3.8% during the third quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider's stock worth $405,131,000 after acquiring an additional 60,831 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $303.38, for a total value of $9,859,850.00. Following the transaction, the chief executive officer directly owned 1,674,560 shares in the company, valued at $508,028,012.80. The trade was a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director owned 3,581 shares in the company, valued at $1,187,638.65. This represents a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 226,481 shares of company stock worth $27,422,061. Corporate insiders own 11.61% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on GOOGL. Wells Fargo & Company restated an "overweight" rating and set a $435.00 price target (up from $427.00) on shares of Alphabet in a research note on Wednesday, May 20th. Barclays restated a "buy" rating on shares of Alphabet in a research note on Friday. The Goldman Sachs Group increased their target price on Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Guggenheim reiterated a "buy" rating and issued a $450.00 target price (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average price target of $412.94.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud reported standout Q1’26 results, with revenue up 63% to $20 billion, a 32.9% margin, and a backlog that reached $462 billion, suggesting strong demand and improving profitability. GOOGL Rides on Surging Google Cloud Demand: More Upside Ahead?
• Positive Sentiment: Alphabet and Blackstone announced a partnership to build 500MW of U.S. data center capacity by 2027, underscoring Alphabet’s push to monetize TPU-powered AI compute as a service. Google and Blackstone partner on TPU-powered data centre capacity
• Positive Sentiment: Alphabet’s buy rating was reaffirmed by Barclays, adding to the bullish analyst tone around the stock. Alphabet Class A (GOOGL) Gets a Buy from Cantor Fitzgerald
• Positive Sentiment: Reuters reported that EQT partnered with Google Cloud to accelerate AI adoption across more than 300 portfolio companies, reinforcing Alphabet’s enterprise AI momentum. Private equity firm EQT partners with Google Cloud for AI rollout
• Neutral Sentiment: Waymo continued expanding its robotaxi fleet with lower-cost vehicles and new rider access, which supports Alphabet’s optionality in autonomous driving but is not an immediate earnings driver. Waymo opens Ojai robotaxis to select riders as company aims to lower cost of fleet expansion
• Negative Sentiment: Alphabet is facing fresh reputational and legal pressure after U.S. prosecutors charged a Google engineer in a Polymarket insider-trading case, and an Indian court ruling raised trademark-related ad risk. Indian court ruling on Google keyword ads could reshape online advertising
• Negative Sentiment: Some commentary also suggested Alphabet could face pressure as AI rivals like OpenAI and Anthropic raise larger funding war chests, keeping competition concerns in focus. Anthropic Leapfrogs OpenAI In Valuation. But Here's One Thing To Know.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $380.34 on Friday. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.61 trillion, a price-to-earnings ratio of 29.01, a PEG ratio of 1.67 and a beta of 1.26. The firm has a 50-day moving average of $345.77 and a two-hundred day moving average of $324.91.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 6.71%.

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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