Brooks Moore & Associates Inc. Sells 1,402 Shares of Alphabet Inc. $GOOGL

Key Points

• Brooks Moore & Associates reduced its Alphabet stake by 5.4% in the fourth quarter, selling 1,402 shares and leaving it with 24,488 shares valued at about $7.67 million.
• Alphabet reported strong quarterly results, posting EPS of $5.11 versus estimates of $2.64 and revenue of $109.9 billion, both above analyst expectations.
• Company news remains mixed but AI/cloud momentum is positive, with Google Cloud securing new partnerships while Alphabet also faces fresh regulatory pressure in the U.K. over Google Search conduct requirements.

Brooks Moore & Associates Inc. trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,488 shares of the information services provider's stock after selling 1,402 shares during the period. Alphabet comprises 3.8% of Brooks Moore & Associates Inc.'s investment portfolio, making the stock its 4th largest position. Brooks Moore & Associates Inc.'s holdings in Alphabet were worth $7,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. PMV Capital Advisers LLC acquired a new position in Alphabet during the fourth quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet during the fourth quarter valued at approximately $38,000. Bard Associates Inc. acquired a new position in Alphabet during the fourth quarter valued at approximately $52,000. iSAM Funds UK Ltd acquired a new position in Alphabet during the third quarter valued at approximately $53,000. Finally, Kentucky Trust Co lifted its position in Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after buying an additional 100 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Down 2.5%

GOOGL opened at $363.79 on Thursday. The firm has a market capitalization of $4.41 trillion, a P/E ratio of 27.75, a P/E/G ratio of 1.60 and a beta of 1.23. The firm's 50 day moving average is $364.75 and its 200-day moving average is $331.35. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $408.61. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Analysts expect that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud is gaining momentum, with HSBC announcing a multi-year partnership to expand its AI usage on Google Cloud, and another AI startup, Ineffable Intelligence, choosing Google Cloud as its preferred infrastructure partner. These deals reinforce Alphabet’s position in enterprise AI and cloud growth. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google also unveiled a new Gemini-powered Google Home Speaker and broader Android 17/Gemini updates, highlighting continued product rollout across consumer devices and AI features that could support ecosystem engagement over time. Google bets on Gemini to reinvent the smart home speaker
• Positive Sentiment: At the G7, Google DeepMind’s Demis Hassabis joined other AI leaders in calling for a U.S.-led AI coalition, underscoring Alphabet’s influence in shaping the AI industry and keeping Google front and center in policy discussions. CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
• Neutral Sentiment: Analysts and commentary pieces remain mixed, with some still bullish on Alphabet’s AI and cloud growth while others warn that heavy capital spending, competition, and a stretched valuation could limit upside near term. Alphabet Drops 6% in a Month: Buy, Sell, or Hold the GOOGL Stock?
• Negative Sentiment: Alphabet faces fresh regulatory pressure in the U.K., where the competition watchdog set conduct requirements for Google Search to increase fairness and transparency in ranking results. That adds to worries about search monetization and long-term control over its core business. UK regulator sets out conduct requirements for Google's search services

Analyst Ratings Changes

GOOGL has been the topic of a number of recent research reports. Rothschild & Co Redburn lifted their price target on shares of Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Robert W. Baird lifted their price target on shares of Alphabet from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Alphabet in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Alphabet in a research note on Tuesday, April 28th. Finally, Morgan Stanley lifted their price objective on shares of Alphabet from $330.00 to $375.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $413.13.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director owned 2,531 shares in the company, valued at approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 159,466 shares of company stock valued at $6,957,543. 11.61% of the stock is owned by insiders.

Alphabet Company 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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