Cache Advisors LLC Buys 8,462 Shares of Alphabet Inc. $GOOGL

Key Points

• Cache Advisors LLC increased its Alphabet stake by 16.9% in Q1, buying 8,462 shares and bringing its total holdings to 58,665 shares worth about $16.87 million.
• Alphabet reported strong quarterly results, with earnings of $5.11 per share versus the $2.64 estimate and revenue of $109.9 billion, topping analyst expectations.
• Analysts remain broadly positive on the stock, with a Moderate Buy consensus and an average price target of $413.13, while Alphabet also recently raised its quarterly dividend to $0.22 per share.

Cache Advisors LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 16.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,665 shares of the information services provider's stock after purchasing an additional 8,462 shares during the quarter. Alphabet comprises about 1.9% of Cache Advisors LLC's portfolio, making the stock its 10th largest holding. Cache Advisors LLC's holdings in Alphabet were worth $16,870,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. EMC Capital Management acquired a new stake in shares of Alphabet during the fourth quarter worth $33,000. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet in the 4th quarter valued at $32,000. PMV Capital Advisers LLC purchased a new position in Alphabet in the 4th quarter worth $38,000. IFC & Insurance Marketing Inc. purchased a new position in Alphabet in the 4th quarter worth $38,000. Finally, Bard Associates Inc. acquired a new stake in Alphabet during the 4th quarter worth about $52,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Activity

In related news, Director Frances Arnold sold 102 shares of the firm's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director owned 18,721 shares in the company, valued at approximately $7,132,701. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $412,923.00. Following the completion of the transaction, the director directly owned 2,531 shares of the company's stock, valued at $995,341.06. The trade was a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 151,523 shares of company stock valued at $4,863,526 in the last quarter. Company insiders own 11.61% of the company's stock.

Alphabet Price Performance

Shares of GOOGL opened at $337.39 on Monday. The company has a market capitalization of $4.09 trillion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.44 and a beta of 1.23. Alphabet Inc. has a 52 week low of $171.73 and a 52 week high of $408.61. The stock's 50-day moving average price is $368.94 and its 200-day moving average price is $333.02. 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 announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. On average, sell-side analysts predict that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a dividend of $0.22 per share. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is presently 6.71%.

Analyst Ratings Changes

GOOGL has been the topic of a number of research reports. Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Barclays reaffirmed a "buy" rating on shares of Alphabet in a report on Friday, May 29th. BNP Paribas Exane upped their target price on Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. President Capital increased their price target on shares of Alphabet from $375.00 to $465.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Finally, Citizens Jmp reissued a "market outperform" rating and set a $515.00 price target on shares of Alphabet in a research report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $413.13.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Some analysts remain constructive on Alphabet’s growth outlook, pointing to rising advertising revenue and AI-driven ad tools as support for further upside. Alphabet Benefits From Rising Advertising Revenues: More Upside Ahead?
• Positive Sentiment: Reports that Alphabet is joining the Dow were viewed as a sign of prestige and long-term institutional support for the stock. Google Parent Alphabet Is Joining the Dow. Time to Buy?
• Positive Sentiment: Apple is reportedly paying Alphabet about $1 billion a year to use Gemini in Siri, highlighting another monetization path for Google’s AI platform even if the deal is smaller than Google’s search-payment arrangement with Apple. Apple Is Paying Google $1 Billion a Year for AI. Here's Who the Real Winner Is.
• Neutral Sentiment: Wedbush said the recent sell-off in major AI names looks more like short-term investor impatience than a breakdown in the AI trade, suggesting the broader pullback may be a buying opportunity. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
• Neutral Sentiment: Google Finance launched a new app and upgraded portfolio-tracking features, which improve the product offering but are unlikely to move the stock on their own. Google Finance Debuts App and Investment Tracking Capabilities
• Negative Sentiment: Alphabet is facing renewed concern over AI talent departures, including reports of senior researchers leaving for rivals such as Anthropic and OpenAI, which raises questions about execution in Gemini and its broader AI strategy. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Google is also drawing criticism for tougher negotiations with publishers over AI content access, potentially worsening relations with media partners already seeing traffic declines from AI search changes. Google looks to bleed publishers with new AI partnerships that would cull their content
• Negative Sentiment: Multiple reports say AI-focused stocks, including Alphabet, are under pressure as investors question whether the “all-in on AI” trade has gone too far in the near term. PLTR, GOOG and MSFT Forecasts – AI Names Struggling at the Moment

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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