Breachway Investments LLC Purchases New Position in Alphabet Inc. $GOOGL

Key Points

• Breachway Investments bought a new stake of 1,668 shares of Alphabet in Q4, valued at about $522,000, as part of several small institutional moves that leave institutions owning 40.03% of the stock.
• Alphabet posted a blockbuster Q1 beat with EPS $5.11 vs. $2.64 expected and $109.9B revenue, prompting analyst upgrades and higher price targets and contributing to a consensus "Moderate Buy" rating (average target ~$406.71).
• The company raised its quarterly dividend to $0.22 (annualized $0.88, yield ~0.2%; ex-dividend June 8), while insiders were net sellers last quarter, disposing of 158,553 shares worth roughly $47.95M (insiders own 11.61%).

Breachway Investments LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,668 shares of the information services provider's stock, valued at approximately $522,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PMV Capital Advisers LLC bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $38,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Alphabet in the third quarter worth approximately $53,000. Kentucky Trust Co boosted its holdings in Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after purchasing an additional 100 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in Alphabet in the third quarter worth approximately $53,000. Finally, Sellwood Investment Partners LLC purchased a new stake in Alphabet in the third quarter worth approximately $63,000. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 0.0%

Shares of Alphabet stock opened at $397.99 on Friday. The company's fifty day simple moving average is $318.66 and its 200-day simple moving average is $311.72. The stock has a market capitalization of $4.81 trillion, a PE ratio of 30.36, a P/E/G ratio of 1.66 and a beta of 1.26. Alphabet Inc. has a 1-year low of $152.20 and a 1-year high of $400.10. 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 (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate 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 net margin of 37.92% and a return on equity of 38.99%. As a group, equities analysts anticipate that Alphabet Inc. will post 14.01 earnings per share for the current year.

Alphabet Increases Dividend

The firm 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. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is 6.41%.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares in the company, valued at $2,955,564. This trade represents a 8.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction 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 quarter, insiders have sold 158,553 shares of company stock worth $47,951,856. 11.61% of the stock is owned by insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Huge Q1 beat and cash generation — Alphabet reported blockbuster Q1 results and large net income, highlighting strong Search and AI-driven revenue that underpins recent multiple expansion and investor confidence. It Takes Meta Almost 9 Minutes...
• Positive Sentiment: Analyst upgrades lift sentiment — Mizuho raised its price target to $460 (outperform) and other shops have pushed targets higher, reinforcing buy-side momentum after the earnings beat. Alphabet Given New $460.00 Price Target at Mizuho
• Positive Sentiment: New consumer products and recurring revenue — Google rebranded Fitbit to Google Health, launched a $9.99/month AI health coach (May 19) and unveiled the Fitbit Air wearable; subscription services could add predictable ARPU. Google's $9.99-per-month AI health coach...
• Positive Sentiment: Market leadership narrative — Coverage notes Alphabet closing the gap on Nvidia for the world's largest market cap, a bullish signal that may attract momentum and index flows. Alphabet Is About to Overtake Nvidia...
• Neutral Sentiment: Hiring and process changes — Google is piloting AI-assisted software-engineer interviews and exploring personal AI agents (Remy), which could improve hiring throughput but raise operational and fairness questions. Google plans to let software engineers...
• Neutral Sentiment: R&D and partnerships — DeepMind has taken a minority stake to train models on the EVE Online environment and Google continues investing in personal AI agents; long-term upside but near-term costs remain. Google DeepMind Will Train AI Models...
• Negative Sentiment: Regulatory/legal risk in EU news case — Google proposed changes to search news displays to avoid further EU fines, highlighting ongoing exposure to large competition penalties that could hit earnings or require product changes. Google moves to avert EU fines...
• Negative Sentiment: UK display-ads legal claim — A £3bn collective claim alleging monopolization of display ads introduces another material legal overhang that could pressure valuation until resolved. Google facing £3bn legal claim...

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Needham & Company LLC raised their target price on shares of Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Argus raised their target price on shares of Alphabet from $365.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, February 6th. China Renaissance raised their target price on shares of Alphabet from $400.00 to $485.00 and gave the stock a "buy" rating in a report on Monday. Citigroup restated an "outperform" rating on shares of Alphabet in a report on Monday. Finally, Moffett Nathanson raised their target price on shares of Alphabet from $305.00 to $350.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $406.71.

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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