Calamos Wealth Management LLC Grows Position in Alphabet Inc. $GOOGL

Key Points

• Calamos Wealth Management increased its Alphabet stake by 1.5% in the fourth quarter, holding 375,274 shares worth about $117.5 million. Alphabet is now its 7th-largest holding and makes up roughly 4% of the portfolio.
• Wall Street remains broadly bullish on GOOGL: several analysts raised price targets, and the stock carries a consensus rating of “Moderate Buy” with an average target of $407.86.
• Alphabet posted strong quarterly results, beating earnings and revenue estimates, and it also announced a higher quarterly dividend of $0.22 per share, up from $0.21.

Calamos Wealth Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 375,274 shares of the information services provider's stock after purchasing an additional 5,458 shares during the period. Alphabet comprises approximately 4.0% of Calamos Wealth Management LLC's investment portfolio, making the stock its 7th largest holding. Calamos Wealth Management LLC's holdings in Alphabet were worth $117,461,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Virtus Wealth Solutions LLC bought a new stake in shares of Alphabet during the 4th quarter worth $11,263,000. Cypress Asset Management Inc. TX raised its stake in shares of Alphabet by 6.8% during the 4th quarter. Cypress Asset Management Inc. TX now owns 6,671 shares of the information services provider's stock worth $2,088,000 after purchasing an additional 427 shares during the period. Cherokee Insurance Co bought a new stake in shares of Alphabet during the 4th quarter worth $250,000. Brown Financial Advisory bought a new stake in shares of Alphabet during the 4th quarter worth $201,000. Finally, TBH Global Asset Management LLC raised its stake in shares of Alphabet by 150.2% during the 4th quarter. TBH Global Asset Management LLC now owns 113,694 shares of the information services provider's stock worth $35,638,000 after purchasing an additional 68,254 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of recent analyst reports. Needham & Company LLC lifted their target price on Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Raymond James Financial raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, January 22nd. Susquehanna reissued a "positive" rating and issued a $460.00 price objective (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Argus lifted their price objective on Alphabet from $365.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Finally, BNP Paribas Exane lifted their price objective on Alphabet from $390.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $407.86.

Alphabet Stock Down 0.3%

GOOGL stock opened at $387.35 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.69 trillion, a PE ratio of 29.55, a PEG ratio of 1.59 and a beta of 1.26. Alphabet Inc. has a twelve month low of $156.16 and a twelve month high of $402.00. The stock has a 50-day simple moving average of $323.56 and a two-hundred day simple moving average of $314.66.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating 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 return on equity of 38.99% and a net margin of 37.92%. On average, equities analysts predict that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced 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. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 6.41%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is rolling out Gemini-powered Android features that let AI understand screen context and complete multi-step tasks, strengthening its AI platform and expanding practical use cases across its ecosystem.
• Positive Sentiment: Google is bringing “agentic” AI, Gemini in Chrome, and new AI-native “Googlebooks” laptops to market, signaling a broader product cycle that could support future revenue growth and keep Alphabet competitive with Apple and other tech giants.
• Positive Sentiment: Alphabet’s partnership with Affirm and Klarna to embed pay-over-time options into Gemini and Google Search could boost commerce activity, improve conversion rates, and make Google Pay more valuable to consumers and merchants.
• Positive Sentiment: Google-backed Isomorphic Labs raised $2.1 billion to scale AI-driven drug discovery, underscoring investor enthusiasm for Alphabet’s broader AI ecosystem and the value of its venture investments.
• Positive Sentiment: Reports that Alphabet is exploring first-ever yen bond financing to fund AI infrastructure suggest the company is willing to invest aggressively in compute capacity, which investors may view as necessary to defend and extend its AI lead.
• Neutral Sentiment: Commentary around Alphabet nearing Nvidia in market value and being at the center of the AI boom highlights strong momentum, but these are more market narratives than immediate fundamental catalysts.
• Negative Sentiment: Alphabet’s heavier AI spending and new debt issuance may pressure near-term margins and raise concerns that the company is trading balance-sheet strength for a more capital-intensive growth strategy.
• Negative Sentiment: Waymo’s robotaxi recall over a self-driving software issue is a reminder that Alphabet’s broader “Other Bets” businesses still carry operational and regulatory execution risks.

Insider Buying and Selling

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the completion of the transaction, the chief executive officer owned 1,674,560 shares of the company's stock, valued at $508,028,012.80. The trade was a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares of the company's stock, valued at $3,987,279.15. The trade was a 78.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 158,553 shares of company stock worth $47,951,856 over the last quarter. 11.61% of the stock is owned by corporate insiders.

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.

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