Consolidated Portfolio Review Corp Has $18.11 Million Position in Alphabet Inc. $GOOG

Key Points

• Consolidated Portfolio Review Corp boosted its Alphabet stake by 31.5% in the first quarter, buying 15,140 more shares and bringing its position to 63,140 shares worth about $18.11 million.
• Alphabet recently beat quarterly earnings expectations, reporting $5.11 EPS on $109.9 billion in revenue, with revenue up 21.8% year over year.
• Wall Street remains upbeat on the stock, with multiple analysts issuing buy ratings and an average price target of $376.19, while Alphabet also raised its quarterly dividend to $0.22 per share.

Consolidated Portfolio Review Corp grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 31.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,140 shares of the information services provider's stock after buying an additional 15,140 shares during the quarter. Alphabet makes up 1.7% of Consolidated Portfolio Review Corp's portfolio, making the stock its 11th largest position. Consolidated Portfolio Review Corp's holdings in Alphabet were worth $18,112,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Kathmere Capital Management LLC increased its holdings in Alphabet by 8.5% during the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock worth $9,381,000 after buying an additional 2,341 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its stake in Alphabet by 1.0% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock valued at $86,596,000 after acquiring an additional 2,850 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Alphabet by 7.5% in the fourth 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 last quarter. World Investment Advisors grew its position in shares of 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 acquiring an additional 15,280 shares during the period. Finally, Steginsky Capital LLC grew its position in shares of Alphabet by 1.0% in the 3rd quarter. Steginsky Capital LLC now owns 680,588 shares of the information services provider's stock valued at $165,757,000 after acquiring an additional 6,523 shares during the period. Institutional investors own 27.26% of the company's stock.

Alphabet Stock Down 0.4%

Shares of GOOG opened at $363.62 on Wednesday. The firm has a market cap of $4.41 trillion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a 52 week low of $173.88 and a 52 week high of $404.47. The firm's 50-day simple moving average is $369.28 and its 200 day simple moving average is $334.35.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. 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 the consensus estimate of $106.96 billion. During the same period last year, the business posted $2.81 earnings per share. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is 6.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $425.00 target price on shares of Alphabet in a report on Thursday, April 30th. Pivotal Research reiterated a "buy" rating and set a $470.00 price target (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Truist Financial set a $430.00 price target on Alphabet in a research report on Monday, June 1st. Oppenheimer upped their price objective on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $376.19.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 160,465 shares of company stock worth $8,020,511 in the last 90 days. Company insiders own 12.99% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street is looking for another strong earnings report from Alphabet, with AI and Google Cloud expected to keep driving growth ahead of the company’s upcoming results. Alphabet Q2 Earnings Preview: What To Expect From Upcoming Report
• Positive Sentiment: Alphabet’s Google unit joined a €411 million funding round for Proxima Fusion, reinforcing its interest in frontier energy and other long-duration AI-adjacent opportunities. Google, RWE back Proxima Fusion in €411 million financing round
• Positive Sentiment: Coverage highlighting Alphabet as a potential “forever holding” for Berkshire-style investors may be helping reinforce the stock’s long-term AI and cash-flow appeal. Prediction: This Magnificent Artificial Intelligence (AI) Stock Will Become Berkshire's Next Forever Holding
• Neutral Sentiment: Alphabet announced that its Made by Google Pixel event will be held on August 12, which could build anticipation for new hardware updates but is not a major fundamental catalyst by itself. Google's Pixel event is set for August 12
• Neutral Sentiment: Commentary comparing Alphabet with Palantir and Taiwan Semiconductor keeps Alphabet in the center of AI-stock debates, but these are mostly valuation and relative-performance discussions rather than direct business news. Palantir Vs. Google: Why Palantir is Surging in July and Should Investors Buy it Over Google?
• Negative Sentiment: TechCrunch reported that Google is expanding AI training to include more user-uploaded media, which could raise fresh privacy concerns and fuel scrutiny over how customer data is used. If you use Google, you're training its AI. Here's how to opt out.
• Negative Sentiment: Business Insider noted that Google’s status as a top tech employer is becoming less certain as AI-linked salary competition pushes some talent elsewhere, which could add pressure to retention. Google's status as the dream tech job is changing. FOMO over AI salaries is only one reason why.

About Alphabet

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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