DE Burlo Group Inc. Has $44.99 Million Stock Position in Alphabet Inc. $GOOGL

Key Points

• DE Burlo Group Inc. boosted its Alphabet stake by 583.7% in the fourth quarter, ending with 143,749 shares worth about $44.99 million. Alphabet is now the fund’s second-largest holding and makes up 5.5% of its portfolio.
• Institutional interest in Alphabet remains strong, with large investors like Norges Bank, Berkshire Hathaway, and Vanguard also holding major positions. Overall, institutional ownership stands at 40.03%.
• Wall Street sentiment is still broadly positive: analysts give Alphabet a Moderate Buy consensus rating with an average price target of $413.13. Alphabet also recently beat earnings expectations and raised its quarterly dividend to $0.22 per share.

DE Burlo Group Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 583.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 143,749 shares of the information services provider's stock after acquiring an additional 122,725 shares during the quarter. Alphabet makes up 5.5% of DE Burlo Group Inc.'s portfolio, making the stock its 2nd largest holding. DE Burlo Group Inc.'s holdings in Alphabet were worth $44,993,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Norges Bank bought a new position in shares of Alphabet during the fourth quarter valued at $30,534,239,000. Berkshire Hathaway Inc bought a new position in shares of Alphabet during the third quarter valued at $4,338,397,000. Cardano Risk Management B.V. lifted its holdings in shares of Alphabet by 855.3% during the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock valued at $4,546,413,000 after acquiring an additional 13,004,828 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after acquiring an additional 12,531,695 shares during the period. Finally, Capital World Investors lifted its holdings in shares of Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares during the period. 40.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOOGL. HSBC reissued a "buy" rating and set a $420.00 price objective (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. Truist Financial set a $430.00 price target on Alphabet and gave the company a "buy" rating in a report on Friday, May 29th. UBS Group reiterated a "neutral" rating on shares of Alphabet in a research report on Wednesday, May 20th. Phillip Securities upped their price target on shares of Alphabet from $340.00 to $395.00 and gave the stock a "moderate buy" rating in a research report on Wednesday, April 15th. Finally, The Goldman Sachs Group upped their price target on shares of Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $413.13.

Insider Activity

In other Alphabet news, Director Frances Arnold sold 102 shares of the business's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares of the company's stock, valued at approximately $7,132,701. The trade was a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 8,993 shares of the business'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 sale, the insider directly owned 51,808 shares of the company's stock, valued at $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 191,966 shares of company stock worth $16,963,968. Corporate insiders own 11.61% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $359.68 on Monday. The firm's 50-day simple moving average is $360.45 and its 200 day simple moving average is $330.34. The company has a market cap of $4.36 trillion, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.54 and a beta of 1.23. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate 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%. On average, research analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s drone unit Wing expanded its Walmart partnership into seven more U.S. cities, pushing the service toward nearly 20 markets and signaling that drone delivery is moving from experiment to scalable business. Alphabet's Most Overlooked Division Just Had a Big Week
• Positive Sentiment: Waymo launched a new $29.99 monthly membership program with perks for frequent riders, a move that suggests the robotaxi business is building recurring revenue on top of rapid ride-growth. Waymo launches premier subscription tier for $29.99 a month, starting in select cities
• Positive Sentiment: TD Cowen raised its price target on Alphabet, adding to the bullish analyst backdrop and supporting the view that the stock still has room to run. Alphabet (GOOGL) Among Our Good Stocks to Buy Now
• Positive Sentiment: Bank of America and other commentary highlighted Alphabet as a long-term AI beneficiary, especially as rising model costs could strengthen demand for Google Cloud and infrastructure. Anthropic's Priciest AI Model Yet Is Here. Why Alphabet and Amazon Will Benefit.
• Neutral Sentiment: Alphabet sued an alleged Chinese cybercrime group accused of using Google’s AI tools to run scam operations, which shows the company is actively defending its platform but is not likely to move the stock much on its own. Google sues alleged Chinese cybercrime operation that used AI to send scam texts
• Neutral Sentiment: Some investors noted that Altimeter Capital fully exited its Alphabet stake in Q1, but this appears more like portfolio repositioning than a company-specific warning. Billionaire Brad Gerstner Dumped All of His Alphabet Then Bought 2 Stocks Nobody Expected

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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