Eurizon Capital SGR S.p.A. Makes New Investment in Alphabet Inc. $GOOG

Key Points

• Eurizon Capital SGR initiated a large new position in Alphabet during the fourth quarter, buying 3.24 million shares worth about $1.02 billion. The stake now represents roughly 3.2% of the fund’s holdings and its fifth-largest position.
• Wall Street sentiment remains broadly positive on Alphabet, with analysts citing multiple Buy/Outperform ratings and a consensus price target of $376. Recent notes from Citigroup, JPMorgan, DZ Bank, and Oppenheimer all leaned bullish.
• Alphabet posted strong quarterly results, with EPS of $5.11 and revenue of $109.9 billion, both ahead of estimates. The company also raised its quarterly dividend to $0.22 per share and highlighted ongoing AI/cloud momentum in recent news.

Eurizon Capital SGR S.p.A. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,242,691 shares of the information services provider's stock, valued at approximately $1,017,756,000. Alphabet makes up about 3.2% of Eurizon Capital SGR S.p.A.'s holdings, making the stock its 5th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Hillsdale Investment Management Inc. grew its stake in Alphabet by 20.1% in the 4th quarter. Hillsdale Investment Management Inc. now owns 520 shares of the information services provider's stock valued at $163,000 after buying an additional 87 shares during the last quarter. Zhang Financial LLC grew its stake in Alphabet by 1.4% in the 4th quarter. Zhang Financial LLC now owns 15,477 shares of the information services provider's stock valued at $4,857,000 after buying an additional 208 shares during the last quarter. JTC Employer Solutions Trustee Ltd grew its stake in Alphabet by 114.7% in the 4th quarter. JTC Employer Solutions Trustee Ltd now owns 86,111 shares of the information services provider's stock valued at $27,022,000 after buying an additional 46,010 shares during the last quarter. Fideuram Asset Management Ireland dac acquired a new position in Alphabet in the 4th quarter valued at about $4,258,000. Finally, Telligent Fund LP grew its stake in Alphabet by 11.1% in the 4th quarter. Telligent Fund LP now owns 20,000 shares of the information services provider's stock valued at $6,276,000 after buying an additional 2,000 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citigroup reiterated a "market outperform" rating on shares of Alphabet in a research note on Monday, June 1st. JPMorgan Chase & Co. increased their target price on shares of Alphabet from $395.00 to $460.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a research report on Monday, February 16th. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Finally, Oppenheimer increased their target price on shares of Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a research report on Friday, May 15th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $376.00.

Alphabet Stock Performance

NASDAQ GOOG opened at $365.76 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.22. The firm's 50 day simple moving average is $350.06 and its 200 day simple moving average is $327.36. Alphabet Inc. has a 1 year low of $163.33 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the business posted $2.81 EPS. As a group, research analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is 6.71%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet signed a major cloud-computing agreement with SpaceX, with reports putting the deal at about $920 million per month for 32 months, which could provide a meaningful revenue stream and reinforce demand for Google Cloud. Article Title
• Positive Sentiment: Alphabet’s municipal-bond debut drew strong investor demand, suggesting institutions still view the company as a high-quality borrower with flexible financing options. Article Title
• Positive Sentiment: Some investors and analysts said the equity raise is a strategic move to accelerate AI infrastructure and may help Alphabet defend and expand its long-term leadership in search, cloud, and AI. Article Title
• Neutral Sentiment: Alphabet also appeared in commentary about AI-related partnerships, including potential indirect benefits from the SpaceX IPO and other cloud collaborations, but these are mostly longer-term strategic themes rather than immediate catalysts. Article Title
• Negative Sentiment: Wall Street coverage focused heavily on Alphabet’s expanding capital expenditures, with some commentators warning that the AI buildout may be getting too expensive and could pressure free cash flow. Article Title

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the sale, the director owned 2,531 shares in the company, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was 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 in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 193,016 shares of company stock worth $17,282,549 in the last three months. Company insiders own 12.99% of the company's stock.

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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