CFO Capital Management LLC Acquires New Position in Alphabet Inc. $GOOGL

Key Points

• CFO Capital Management opened a new position in Alphabet, buying 9,200 shares valued at about $2.88 million, making GOOGL its 11th-largest holding.
• Other institutional investors also increased or initiated stakes in Alphabet, and hedge funds own 40.03% of the company’s stock overall, indicating continued institutional interest.
• Wall Street remains broadly positive on Alphabet, with a consensus “Moderate Buy” rating and a consensus price target of $413.13, while the company also recently beat earnings expectations and raised its quarterly dividend to $0.22 per share.

CFO Capital Management LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 9,200 shares of the information services provider's stock, valued at approximately $2,880,000. Alphabet makes up 2.2% of CFO Capital Management LLC's investment portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. PMV Capital Advisers LLC acquired a new position in shares of Alphabet in the 4th quarter valued at $38,000. IFC & Insurance Marketing Inc. acquired a new stake in Alphabet during the 4th quarter worth about $38,000. Bard Associates Inc. purchased a new stake in Alphabet during the 4th quarter valued at about $52,000. Kentucky Trust Co grew its stake in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after purchasing an additional 100 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at about $65,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. HSBC reaffirmed a "buy" rating and set a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. BNP Paribas Exane lifted their price objective on shares of Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alphabet in a report on Tuesday, April 28th. Finally, Mizuho boosted their target price on shares of Alphabet from $420.00 to $460.00 and gave the company an "outperform" rating in a research report on Wednesday, May 6th. Two 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $413.13.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
• Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
• Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
• Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
• Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
• Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
• Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
• Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title

Alphabet Price Performance

NASDAQ:GOOGL opened at $368.48 on Monday. 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 $4.46 trillion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. The company has a 50 day moving average price of $367.04 and a 200-day moving average price of $332.07. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61.

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 (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Equities research analysts forecast that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is presently 6.71%.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the transaction, the insider owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 160,516 shares of company stock worth $7,344,604 over the last quarter. Company insiders own 11.61% of the company's stock.

Alphabet 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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