Elevated Financial Group LLC Makes New $2.31 Million Investment in Alphabet Inc. $GOOGL

Key Points

• Elevated Financial Group opened a new position in Alphabet, buying 7,376 shares worth about $2.31 million in the fourth quarter. The stake represents roughly 0.8% of the fund’s holdings and makes Alphabet its 21st-largest holding.
• Alphabet reported a strong quarter, with EPS of $5.11 versus expectations of $2.64 and revenue of $109.9 billion topping estimates. The company also raised its quarterly dividend to $0.22 per share from $0.21.
• Despite recent insider selling and a slight daily pullback, analysts remain broadly positive on GOOGL, with a consensus Moderate Buy rating and an average price target of $407.86. Hedge funds continue to hold a sizable portion of the stock, owning about 40.03% of shares outstanding.

Elevated Financial Group LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,376 shares of the information services provider's stock, valued at approximately $2,309,000. Alphabet makes up approximately 0.8% of Elevated Financial Group LLC's holdings, making the stock its 21st largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOGL. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Alphabet in the 3rd quarter valued at $53,000. Kentucky Trust Co boosted its stake 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 valued at $53,000 after purchasing an additional 100 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Alphabet in the 3rd quarter valued at $53,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Alphabet in the 3rd quarter valued at $63,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 0.4%

NASDAQ:GOOGL opened at $401.07 on Friday. The company has a fifty day moving average of $327.43 and a 200 day moving average of $316.71. Alphabet Inc. has a 52 week low of $162.00 and a 52 week high of $403.70. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.86 trillion, a P/E ratio of 30.59, a P/E/G ratio of 1.72 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 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 company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. On average, research analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The business 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 $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 47,574 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares in the company, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer owned 2,818,524 shares of the company's stock, valued at $856,605,814.08. This trade represents a 1.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 157,953 shares of company stock worth $47,767,818. Company insiders own 11.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GOOGL shares. HSBC upped their price objective on shares of Alphabet from $385.00 to $435.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Citigroup reaffirmed an "outperform" rating on shares of Alphabet in a research note on Monday, May 4th. Wall Street Zen raised shares of Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Rothschild & Co Redburn upped their price objective on shares of Alphabet from $390.00 to $430.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, China Renaissance upped their price objective on shares of Alphabet from $400.00 to $485.00 and gave the company a "buy" rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $407.86.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner, with multiple reports highlighting strong demand for its infrastructure, cloud, and Gemini AI efforts as hyperscalers pour capital into AI. Hyperscalers Now Competing With US Treasury for Capital, Driving Up Government Borrowing Costs
• Positive Sentiment: Alphabet’s stock has been re-rated higher by the market, with analysts and commentators pointing to a stronger valuation profile and improved confidence in its earnings power. Why The Market Is Re-Rating Google Stock
• Positive Sentiment: Alphabet’s Google Pay partnership with Affirm could broaden monetization and make Google’s payments ecosystem more attractive to consumers and merchants. Affirm's Google Deal Aims for Your Wallet (GOOGL)
• Positive Sentiment: Reports say Alphabet is gaining momentum in government AI contracts, which could open a new high-value revenue stream and help diversify away from ads. Why Palantir Suddenly Looks Vulnerable After Google’s Move

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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