Camelot Portfolios LLC Decreases Position in Alphabet Inc. $GOOGL

Key Points

• Camelot Portfolios LLC reduced its Alphabet stake by 30.3% in the fourth quarter, selling 5,707 shares and leaving it with 13,157 shares worth about $4.12 million. Even after the sale, Alphabet remained its second-largest holding.
• Wall Street sentiment on Alphabet remains constructive, with several firms raising price targets and maintaining buy/outperform ratings. The consensus view cited in the article is a Moderate Buy, with an average target price of $410.84.
• Alphabet continues to show strong fundamentals and AI momentum, posting better-than-expected quarterly earnings and revenue, while analysts highlighted growing interest in Gemini and upcoming AI-focused catalysts around Google I/O. The company also raised its quarterly dividend slightly to $0.22 per share.

Camelot Portfolios LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 30.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,157 shares of the information services provider's stock after selling 5,707 shares during the quarter. Alphabet comprises 2.5% of Camelot Portfolios LLC's portfolio, making the stock its 2nd biggest holding. Camelot Portfolios LLC's holdings in Alphabet were worth $4,118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GOOGL. Berkshire Hathaway Inc bought a new stake in Alphabet during the 3rd quarter valued at approximately $4,338,397,000. Vanguard Group Inc. raised its stake in Alphabet by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after purchasing an additional 12,531,695 shares during the period. Capital World Investors raised its stake in Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after purchasing an additional 11,605,785 shares during the period. Capital Research Global Investors raised its stake in Alphabet by 15.7% during the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock valued at $12,333,076,000 after purchasing an additional 6,874,381 shares during the period. Finally, Mizuho Markets Cayman LP raised its stake in Alphabet by 23,402.1% during the 3rd quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider's stock valued at $1,487,419,000 after purchasing an additional 6,092,513 shares during the period. Institutional investors own 40.03% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Loop Capital raised its price target on Alphabet to $490 and kept a buy rating, while Oppenheimer lifted its target to $445 with an outperform rating, reinforcing confidence in the company’s growth outlook. Loop Capital price target update Oppenheimer price target update
• Positive Sentiment: Several reports pointed to Alphabet’s AI momentum ahead of Google I/O, including growing customer adoption of Gemini Flash and expectations that the event will showcase more AI innovation. Business Insider on Gemini Flash adoption BofA note on Google I/O
• Positive Sentiment: Analysts also raised forward earnings estimates for Alphabet, suggesting continued confidence in monetization and profit growth. Alphabet earnings estimate update
• Positive Sentiment: Alphabet completed a record-breaking yen bond sale, giving it fresh funding capacity to expand AI infrastructure while diversifying its financing sources. Yen bond issuance article
• Neutral Sentiment: Commentary around Alphabet’s YouTube revenue, the company’s role in AI infrastructure, and Bill Ackman’s continued interest in mega-cap tech adds to the positive narrative, but these items are more supportive context than direct catalysts. YouTube revenue article Bill Ackman Mag 7 article
• Neutral Sentiment: Some coverage highlighted Alphabet’s valuation and the broader crowding in AI/mega-cap tech, which could make the stock more vulnerable if sentiment cools. Valuation rerating article UBS crowding warning
• Negative Sentiment: A report that Google may cap new Gmail accounts at 5GB of free storage could be seen as a consumer-unfriendly move and a possible engagement risk if implemented broadly. Gmail storage cap article
• Negative Sentiment: There was also some concern around competition and execution in AI and adjacent hardware, including comparison pieces on Alphabet versus Nvidia and broader AI rivalry. AI competition article

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the transaction, the director owned 18,418 shares in the company, valued at approximately $5,580,469.82. The trade was a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares of the company's stock, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 157,953 shares of company stock worth $47,767,818. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $396.78 on Friday. The stock has a market cap of $4.81 trillion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a 50 day moving average price of $329.30 and a 200-day moving average price of $317.27. Alphabet Inc. has a one year low of $162.00 and a one year high of $403.70.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion during 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%. Equities analysts expect that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GOOGL. Oppenheimer lifted their target price on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research note on Friday. Rosenblatt Securities lifted their target price on Alphabet from $357.00 to $393.00 and gave the company a "neutral" rating in a research note on Thursday, April 30th. BNP Paribas Exane lifted their target price on Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Pivotal Research lifted their target price on Alphabet from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Finally, Citigroup reissued an "outperform" rating on shares of Alphabet in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $410.84.

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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