Centennial Advisors LLC Makes New $606,000 Investment in Alphabet Inc. $GOOGL

Key Points

• Centennial Advisors LLC initiated a new position in Alphabet (GOOGL) in the fourth quarter, buying 1,935 shares valued at about $606,000.
• Significant insider selling occurred recently: Director John L. Hennessy sold 1,050 shares and major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares, with insiders offloading a total of 2,069,794 shares worth roughly $104.85 million.
• Alphabet beat expectations in its most recent quarter (EPS $2.82 vs. $2.57; revenue $113.83B vs. $111.24B) and carries a consensus analyst rating of Moderate Buy with an average price target of $368.94.

Centennial Advisors LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,935 shares of the information services provider's stock, valued at approximately $606,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. PMV Capital Advisers LLC bought a new stake in Alphabet during the 4th quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Alphabet in the third quarter worth about $53,000. Kentucky Trust Co lifted its position in shares of Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after purchasing an additional 100 shares in the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Alphabet during the third quarter worth approximately $53,000. Finally, Corsicana & Co. bought a new stake in shares of Alphabet during the third quarter valued at approximately $54,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director directly owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company's stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 2,069,794 shares of company stock worth $104,854,147. Corporate insiders own 11.55% of the company's stock.

Alphabet Price Performance

GOOGL opened at $337.42 on Tuesday. The company has a fifty day moving average price of $307.09 and a two-hundred day moving average price of $302.81. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a 52 week low of $146.10 and a 52 week high of $349.00. The firm has a market capitalization of $4.08 trillion, a PE ratio of 31.21, a P/E/G ratio of 2.11 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.57 by $0.25. The company had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. As a group, analysts anticipate that Alphabet Inc. will post 11.53 earnings per share for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, March 9th. Alphabet's dividend payout ratio is currently 7.77%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GOOGL. Canaccord Genuity Group set a $415.00 price target on shares of Alphabet in a report on Thursday, February 5th. Arete Research upped their price objective on Alphabet from $380.00 to $405.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. UBS Group set a $348.00 price objective on Alphabet and gave the company a "neutral" rating in a research report on Thursday, February 5th. Bank of America lifted their target price on Alphabet from $335.00 to $370.00 and gave the company a "buy" rating in a research note on Tuesday, January 13th. Finally, Dbs Bank boosted their target price on Alphabet from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $368.94.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Multiple analyst upgrades and higher price targets signal bullish expectations around Google Cloud and AI monetization: Cantor Fitzgerald raised its target to $395 and KeyCorp lifted its target to $380, citing momentum into Cloud Next. Cantor Fitzgerald price target raise KeyCorp target lift
• Positive Sentiment: Google is expanding its TPU/AI-inference push and getting growing demand from big AI customers (Anthropic, Meta). That strengthens cloud differentiation and potential high-margin hardware/service revenues. Google expands TPU push
• Positive Sentiment: Reports that Google is in talks with Marvell to develop inference-focused AI chips point to verticalization of Google's AI stack (could reduce reliance on external suppliers and improve cloud differentiation). These reports lifted chip names and echo the TPU push. Reuters: Marvell-Google talks
• Neutral Sentiment: Some coverage and trade commentary highlight heavy investor attention and short-term volatility around GOOGL (Zacks pieces noting larger-than-market moves); useful for traders but not necessarily directional for fundamentals. Zacks: Why GOOGL dipped
• Neutral Sentiment: Initial Marvell gains were pared after analysts disputed the scope/timing of any Google deal, introducing uncertainty about the immediate impact and which vendors will benefit. Marvell gains pared
• Negative Sentiment: eMarketer projects Meta will overtake Google in digital ad revenue this year — a red flag for Google’s core ad growth narrative and a potential headwind for revenue expectations. eMarketer: Meta set to surpass Google
• Negative Sentiment: Investor concern about rising AI-related spending (reports that Alphabet will materially increase AI investment) can pressure near-term margins even as it supports long-term growth—this likely contributed to today's pullback after a strong April rally. Fool on AI spending concerns

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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