Capstone Capital Management Ltd Acquires 6,536 Shares of Alphabet Inc. $GOOG

Key Points

• Capstone Capital Management increased its Alphabet stake by 830.5% in the first quarter, buying 6,536 additional shares and bringing its total holding to 7,323 shares worth about $2.1 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 beating estimates and revenue rising 21.8% year over year to $109.9 billion.
• The company also raised its quarterly dividend to $0.22 per share, while analysts remain broadly bullish with an average rating of “Buy” and a $378.53 price target.

Capstone Capital Management Ltd grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 830.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 7,323 shares of the information services provider's stock after buying an additional 6,536 shares during the period. Alphabet makes up 2.0% of Capstone Capital Management Ltd's investment portfolio, making the stock its 14th biggest holding. Capstone Capital Management Ltd's holdings in Alphabet were worth $2,101,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Kathmere Capital Management LLC raised its holdings in shares of Alphabet by 8.5% in the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock valued at $9,381,000 after purchasing an additional 2,341 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its position in Alphabet by 1.0% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock worth $86,596,000 after purchasing an additional 2,850 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in Alphabet by 7.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider's stock valued at $19,060,000 after acquiring an additional 4,239 shares during the period. World Investment Advisors boosted its stake in Alphabet by 8.7% in the 4th quarter. World Investment Advisors now owns 190,654 shares of the information services provider's stock valued at $59,827,000 after purchasing an additional 15,280 shares during the period. Finally, Violich Capital Management Inc. boosted its position in shares of Alphabet by 1.0% in the fourth quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider's stock valued at $106,936,000 after acquiring an additional 3,378 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer owned 27,348 shares of the company's stock, valued at $9,345,358.56. The trade was a 1.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction that occurred 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 disclosure for this sale is available in the SEC filing. Insiders have sold 160,465 shares of company stock worth $8,020,511 over the last quarter. Insiders own 12.99% of the company's stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $355.03 on Monday. The stock has a fifty day moving average price of $369.81 and a 200-day moving average price of $335.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market cap of $4.30 trillion, a PE ratio of 27.08, a P/E/G ratio of 1.52 and a beta of 1.23. Alphabet Inc. has a 1 year low of $177.54 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter last year, the company posted $2.81 earnings per share. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts anticipate that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were 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 was Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 6.71%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several pieces highlighted Alphabet’s durable AI and cloud execution, including commentary that its distribution across Search, Android, YouTube, and Google Cloud gives it an edge in monetizing AI better than many rivals.
• Positive Sentiment: Analysts and market commentary remained constructive, with Zacks upgrading Alphabet to “strong-buy,” and multiple reports saying the stock still looks undervalued after its strong rally and may have further upside from current levels.
• Positive Sentiment: Alphabet’s cloud and AI ecosystem continues to draw positive coverage, including a new agentic AI collaboration with Accenture and reports that digital demand and data-center growth could support the business in the second half of 2026.
• Positive Sentiment: Long-term confidence also got a boost from comments that Alphabet could be a winner in the AI race due to its massive distribution footprint and ability to turn AI spending into real returns.
• Neutral Sentiment: Alphabet’s search product set a record for queries per second during the World Cup, reinforcing the strength of its core franchise, though this is more of a usage signal than a direct earnings catalyst.
• Neutral Sentiment: Waymo’s plan to expand driverless rides to more cities supports Alphabet’s optionality in autonomous vehicles, but the impact on near-term stock performance is likely limited.
• Negative Sentiment: News that Google and OpenAI provided AI model access to Singapore-based affiliates of Chinese firms has renewed policy and export-control concerns, which could raise regulatory risk around AI distribution.
• Negative Sentiment: Alphabet is also facing more scrutiny abroad, including the UK bringing Google cloud services under direct oversight and an ongoing legal fight in India over its ads platform.
• Negative Sentiment: Some traders remain cautious about competition, with reports suggesting Meta could challenge Google’s AI leadership and that Alphabet’s recent price action has lagged broader tech at times.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GOOG shares. Citigroup reaffirmed a "market outperform" rating on shares of Alphabet in a research report on Monday, June 22nd. Pivotal Research restated a "buy" rating and issued a $470.00 price objective (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Stifel Nicolaus set a $420.00 price target on shares of Alphabet in a report on Wednesday, May 20th. The Goldman Sachs Group reissued a "buy" rating and issued a $450.00 price target on shares of Alphabet in a research note on Thursday, May 21st. Finally, Wells Fargo & Company set a $416.00 target price on Alphabet in a research note on Thursday, July 2nd. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $378.53.

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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