Fideuram Asset Management Ireland dac Invests $4.26 Million in Alphabet Inc. $GOOG

Key Points

• Fideuram Asset Management Ireland dac opened a new position in Alphabet in the fourth quarter, buying 13,568 shares valued at about $4.26 million.
• Alphabet has been drawing attention for major business developments, including a reported SpaceX cloud-computing deal worth roughly $920 million per month and strong demand for its municipal-bond debut.
• The company reported solid quarterly results, beating earnings and revenue estimates, while also raising its quarterly dividend to $0.22 per share; analysts generally remain bullish with a consensus Buy rating.

Fideuram Asset Management Ireland dac purchased a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,568 shares of the information services provider's stock, valued at approximately $4,258,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Telligent Fund LP raised its position 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. Blueline Advisors LLC purchased a new stake in Alphabet in the 4th quarter valued at $69,000. Fiducient Advisors LLC raised its position in Alphabet by 2.1% in the 4th quarter. Fiducient Advisors LLC now owns 13,098 shares of the information services provider's stock valued at $4,110,000 after buying an additional 274 shares during the last quarter. National Pension Service raised its position in Alphabet by 2.0% in the 4th quarter. National Pension Service now owns 10,392,220 shares of the information services provider's stock valued at $3,261,079,000 after buying an additional 206,444 shares during the last quarter. Finally, Garde Capital Inc. raised its position in Alphabet by 16.5% in the 4th quarter. Garde Capital Inc. now owns 53,944 shares of the information services provider's stock valued at $16,927,000 after buying an additional 7,647 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the transaction, the director owned 2,531 shares in the company, valued at $995,341.06. This trade represents a 29.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 193,016 shares of company stock worth $17,282,549 over the last quarter. Insiders own 12.99% of the company's stock.

Key Stories 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

Alphabet Stock Down 1.0%

GOOG stock opened at $365.76 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 27.90, a PEG ratio of 1.57 and a beta of 1.22. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. The stock has a fifty day moving average of $350.06 and a 200-day moving average of $327.07.

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 for the quarter, topping the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.81 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is currently 6.41%.

Analyst Ratings Changes

GOOG has been the subject of a number of analyst reports. Oppenheimer increased their price target on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. KeyCorp restated an "overweight" rating on shares of Alphabet in a research note on Wednesday, May 20th. Wells Fargo & Company restated an "overweight" rating and issued a $435.00 price objective on shares of Alphabet in a research note on Tuesday. The Goldman Sachs Group restated a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a research note on Thursday, May 21st. Finally, Needham & Company LLC set a $400.00 price objective on Alphabet and gave the company a "buy" rating in a research note on Friday, March 13th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price 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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