Eurizon SLJ Capital Ltd Makes New Investment in Alphabet Inc. $GOOG

Key Points

• Eurizon SLJ Capital Ltd disclosed a new fourth-quarter position in Alphabet, buying 5,536 shares valued at about $1.74 million.
• Several other hedge funds also adjusted Alphabet holdings, and the article notes that institutional investors own 27.26% of the stock.
• Alphabet reported strong quarterly results, with EPS of $5.11 versus $2.68 expected and revenue of $109.9 billion, while also raising its quarterly dividend to $0.22 per share.

Eurizon SLJ Capital Ltd bought a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,536 shares of the information services provider's stock, valued at approximately $1,737,000.

A number of other hedge funds have also added to or reduced their stakes in GOOG. Imprint Wealth LLC acquired a new position in shares of Alphabet during the 3rd quarter valued at $31,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet during the 4th quarter valued at $38,000. Towne Trust Company N.A lifted its position in shares of Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after acquiring an additional 34 shares during the period. CBIZ Investment Advisory Services LLC boosted its position in shares of Alphabet by 29.0% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider's stock worth $63,000 after purchasing an additional 58 shares in the last quarter. Finally, Creative Capital Management Investments LLC boosted its position in shares of Alphabet by 1,438.5% during the 4th quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider's stock worth $63,000 after purchasing an additional 187 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the transaction, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. The trade was a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction on 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 directly owned 51,808 shares in the company, valued at $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 193,016 shares of company stock worth $17,282,549. Company insiders own 12.99% of the company's stock.

Alphabet Stock Performance

GOOG opened at $365.76 on Monday. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. 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's 50-day moving average is $350.06 and its 200 day moving average is $327.36. The firm has a market capitalization of $4.43 trillion, a PE ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.22.

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

Alphabet Increases Dividend

The company 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 dividend of $0.22 per share. 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 a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 6.71%.

Alphabet News Summary

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

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective 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 raised Alphabet to a "strong-buy" rating in a research note on Monday, February 16th. Freedom Capital cut Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Raymond James Financial reissued a "strong-buy" rating and issued a $425.00 price objective on shares of Alphabet in a research note on Thursday, April 30th. Finally, Scotiabank reissued an "outperform" rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $376.00.

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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