DGS Capital Management LLC Raises Stock Position in Alphabet Inc. $GOOGL

Key Points

• DGS Capital Management increased its Alphabet stake by 29.6% in the fourth quarter, buying 5,852 more shares and bringing its position to 25,642 shares worth about $8.0 million.
• Alphabet reported strong quarterly earnings, posting $5.11 EPS versus the $2.64 consensus estimate and revenue of $109.9 billion, both above expectations. Analysts now project the company will earn 14.3 EPS for the current year.
• Wall Street remains broadly bullish on GOOGL, with a Moderate Buy consensus and an average price target of $413.13. Several firms recently raised targets, while Alphabet also increased its quarterly dividend to $0.22 per share.

DGS Capital Management LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 29.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,642 shares of the information services provider's stock after buying an additional 5,852 shares during the quarter. Alphabet accounts for 1.4% of DGS Capital Management LLC's investment portfolio, making the stock its 10th biggest position. DGS Capital Management LLC's holdings in Alphabet were worth $8,026,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. PMV Capital Advisers LLC bought a new position in Alphabet in the fourth quarter valued at $38,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet during the fourth quarter worth about $38,000. Bard Associates Inc. purchased a new position in shares of Alphabet in the 4th quarter worth about $52,000. Kentucky Trust Co boosted its holdings in shares of Alphabet by 142.9% in the 4th 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. Finally, iSAM Funds UK Ltd purchased a new position in shares of Alphabet in the 3rd quarter worth about $53,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

GOOGL opened at $368.48 on Friday. The stock's 50 day simple moving average is $367.04 and its 200 day simple moving average is $331.95. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. The firm has a market cap of $4.46 trillion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.57 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. As a group, analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GOOGL shares. The Goldman Sachs Group raised their price objective on Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Wolfe Research reduced their price target on shares of Alphabet from $390.00 to $360.00 and set an "outperform" rating on the stock in a research report on Friday, April 10th. New Street Research lifted their price target on shares of Alphabet from $450.00 to $455.00 and gave the stock a "buy" rating in a research note on Friday, June 5th. Oppenheimer lifted their price target on shares of Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th. Finally, President Capital boosted their price objective on shares of Alphabet from $375.00 to $465.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $413.13.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Kent Walker sold 8,993 shares of the firm's stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider directly owned 51,808 shares in the company, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 160,516 shares of company stock valued at $7,344,604 over the last quarter. Company insiders own 11.61% of the company's stock.

Alphabet News Summary

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

About Alphabet

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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