Ebert Capital Management Inc. Makes New $7.23 Million Investment in Alphabet Inc. $GOOGL

Key Points

• Ebert Capital Management disclosed a new stake in Alphabet, buying 21,396 shares worth about $7.23 million. The position now makes Alphabet its 4th-largest holding, accounting for 6.8% of its portfolio.
• Alphabet’s latest quarterly results topped expectations, with EPS of $5.11 versus the $2.64 forecast and revenue of $109.9 billion versus $106.98 billion expected. The company also announced a higher quarterly dividend of $0.22 per share, up from $0.21.
• Recent news around Alphabet has been mostly positive, including a Google Cloud partnership with EQT to speed AI adoption and early rollout of Waymo robotaxi efforts aimed at lowering fleet costs. At the same time, the article notes some ongoing regulatory and competitive pressure on Google’s core search business.

Ebert Capital Management Inc. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,396 shares of the information services provider's stock, valued at approximately $7,232,000. Alphabet comprises about 6.8% of Ebert Capital Management Inc.'s holdings, making the stock its 4th biggest holding.

A number of other institutional investors also recently bought and sold shares of the business. Symmetry Partners LLC raised its position in Alphabet by 0.4% during the 4th quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider's stock worth $2,476,000 after buying an additional 30 shares during the last quarter. Members Trust Co raised its position in Alphabet by 0.5% during the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock worth $2,014,000 after buying an additional 31 shares during the last quarter. Altfest L J & Co. Inc. raised its position in Alphabet by 0.4% during the 4th quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider's stock worth $2,489,000 after buying an additional 31 shares during the last quarter. Insight 2811 Inc. raised its position in Alphabet by 1.0% during the 4th quarter. Insight 2811 Inc. now owns 3,124 shares of the information services provider's stock worth $978,000 after buying an additional 32 shares during the last quarter. Finally, LJI Wealth Management LLC raised its position in Alphabet by 0.4% during the 4th quarter. LJI Wealth Management LLC now owns 7,265 shares of the information services provider's stock worth $2,274,000 after buying an additional 32 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of Alphabet 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 sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at $2,923,235.59. The trade was a 5.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total transaction of $37,842.00. Following the sale, the director directly owned 18,621 shares in the company, valued at approximately $6,908,391. This trade represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 226,481 shares of company stock worth $27,422,061 in the last ninety days. Company insiders own 11.61% of the company's stock.

Alphabet Price Performance

Alphabet stock opened at $390.13 on Friday. The company's fifty day moving average price is $344.32 and its 200 day moving average price is $324.52. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. The stock has a market capitalization of $4.73 trillion, a P/E ratio of 29.76, a P/E/G ratio of 1.66 and a beta of 1.26. 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 (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. As a group, equities research analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is 6.41%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud announced a partnership with Swedish private equity firm EQT to help more than 300 portfolio companies accelerate AI adoption, reinforcing Google Cloud’s enterprise AI momentum. Reuters: Private equity firm EQT partners with Google Cloud for AI rollout
• Positive Sentiment: Waymo, Alphabet’s self-driving unit, began opening its new Ojai robotaxi to select riders; the vehicle is designed to be cheaper to manufacture and lower fleet-expansion costs, which could improve the long-term economics of the business. CNBC: Waymo opens Ojai robotaxis to select riders
• Positive Sentiment: Cantor Fitzgerald reportedly reiterated a bullish view on Alphabet Class A shares, adding to the case that investors still see upside in the company’s core businesses and AI initiatives.
• Neutral Sentiment: Alphabet is testing Gemini-powered Search ad formats, including conversational discovery and highlighted answers, which could eventually boost monetization but is still in the early rollout phase. Yahoo Finance: GOOGL's Innovative Ad Format to Boost Search Growth
• Neutral Sentiment: Several pieces focused on Alphabet’s stock valuation and technical setup, including commentary suggesting support near current levels and possible upside toward $400, but these are market opinions rather than new fundamentals. Finbold: Google stock is guaranteed to hit $400...
• Negative Sentiment: The U.S. Justice Department charged a Google software engineer with insider trading tied to Polymarket bets, which adds reputational noise and could keep scrutiny on Alphabet’s internal controls and compliance culture. Reuters: US charges Google engineer with insider trading on Polymarket
• Negative Sentiment: Competitor commentary, including DuckDuckGo’s criticism of Google’s AI search overhaul and claims that some users are switching away, highlights ongoing competitive and antitrust pressure on Alphabet’s Search franchise. Yahoo Finance: 'It's Time To Fire Google,' Urges Alphabet's Search Engine Rival

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GOOGL shares. BNP Paribas Exane raised their price target on shares of Alphabet from $390.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Morgan Stanley raised their price objective on shares of Alphabet from $330.00 to $375.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Susquehanna reaffirmed a "positive" rating and set a $460.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Tigress Financial set a $415.00 price objective on shares of Alphabet and gave the stock a "strong-buy" rating in a research note on Thursday, February 19th. Finally, Rothschild & Co Redburn raised their price objective on shares of Alphabet from $390.00 to $430.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average price target of $412.65.

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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