Draper Asset Management LLC Raises Stock Position in Alphabet Inc. $GOOGL

Key Points

• Draper Asset Management increased its Alphabet stake by 11.9% in Q4 to 102,209 shares, making Alphabet 16.8% of the fund's holdings and its second-largest position, valued at about $31.99 million.
• Alphabet beat Q1 estimates with $5.11 EPS (vs. $2.64 expected) and $109.9B revenue, while Google Cloud grew ~63% to over $20B and backlog jumped near $460B, prompting multiple analyst price‑target upgrades and bullish re-ratings.
• The company raised its quarterly dividend to $0.22 ($0.88 annualized), but faces rising near-term CapEx plans and increased regulatory/legal scrutiny in Europe (Italy and Switzerland probes) that could pose headwinds.

Draper Asset Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 102,209 shares of the information services provider's stock after purchasing an additional 10,874 shares during the quarter. Alphabet comprises 16.8% of Draper Asset Management LLC's holdings, making the stock its 2nd biggest position. Draper Asset Management LLC's holdings in Alphabet were worth $31,991,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. PMV Capital Advisers LLC acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $38,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Alphabet during the third quarter worth approximately $53,000. iSAM Funds UK Ltd bought a new stake in Alphabet during the third quarter worth approximately $53,000. Kentucky Trust Co raised its holdings in Alphabet by 142.9% during the fourth 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, Sellwood Investment Partners LLC bought a new stake in Alphabet during the third quarter worth approximately $63,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. New Street Research boosted their target price on Alphabet from $330.00 to $380.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. President Capital boosted their target price on Alphabet from $323.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Rothschild & Co Redburn boosted their target price on Alphabet from $390.00 to $430.00 and gave the stock a "buy" rating in a report on Thursday. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a report on Monday, April 20th. Finally, Tigress Financial set a $415.00 target price on Alphabet and gave the stock a "strong-buy" rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $397.48.

Alphabet Stock Up 0.2%

NASDAQ GOOGL opened at $385.69 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 2.01. The company's 50 day simple moving average is $313.72 and its 200 day simple moving average is $307.81. Alphabet Inc. has a 12 month low of $147.84 and a 12 month high of $386.76. The company has a market capitalization of $4.67 trillion, a P/E ratio of 29.42, a PEG ratio of 2.37 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released 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. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Equities research analysts expect that Alphabet Inc. will post 11.62 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 7.77%.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction that occurred on Friday, March 27th. The shares were 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 in the company, valued at $14,293,309.12. The trade was a 14.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the transaction, the director directly owned 3,581 shares in the company, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 191,986 shares of company stock worth $59,159,207. Company insiders own 11.64% 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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