Dorsey Wright & Associates Makes New $2.54 Million Investment in Alphabet Inc. $GOOGL

Key Points

• Dorsey Wright & Associates opened a new position in Alphabet in the fourth quarter, buying 8,074 shares valued at about $2.54 million.
• Alphabet continues to attract broad institutional interest, with several other investors adding or starting positions and 40.03% of the stock now held by institutions.
• Analysts remain mostly positive on GOOGL, with an average “Moderate Buy” rating and an average price target of $413.13, while the company also recently raised its quarterly dividend to $0.22 per share.

Dorsey Wright & Associates acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,074 shares of the information services provider's stock, valued at approximately $2,545,000.

Several other large investors also recently modified their holdings of the business. PMV Capital Advisers LLC purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Alphabet in the 4th quarter worth approximately $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 stake in 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 bought a new position in Alphabet in the 3rd quarter worth about $53,000. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of recent analyst reports. UBS Group restated a "neutral" rating on shares of Alphabet in a report on Wednesday, May 20th. CICC Research increased their target price on Alphabet from $388.00 to $407.91 and gave the company an "outperform" rating in a report on Friday, May 1st. Loop Capital raised their target price on Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Oppenheimer boosted their target price on shares of Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. Finally, Robert W. Baird upped their target price on shares of Alphabet from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. Two research 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 stock. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $413.13.

Alphabet Trading Up 0.1%

NASDAQ GOOGL opened at $368.48 on Friday. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. 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 company has a market capitalization of $4.46 trillion, a PE ratio of 28.11, a P/E/G ratio of 1.57 and a beta of 1.23. The company has a fifty day moving average of $367.04 and a 200 day moving average of $331.95.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its 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. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Research analysts forecast 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 paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend 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 dividend payout ratio is currently 6.71%.

Insider Buying and Selling at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $2,481,078.77. Following the transaction, the insider owned 51,808 shares in the company, valued at $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 160,516 shares of company stock worth $7,344,604. 11.61% of the stock is currently owned by company insiders.

Key Headlines Impacting Alphabet

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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