Financial Futures Ltd Liability Co. Buys 1,446 Shares of Alphabet Inc. $GOOGL

Key Points

• Financial Futures Ltd Liability Co. increased its Alphabet stake by 29.9% in the first quarter, buying 1,446 additional shares and bringing its total holding to 6,287 shares worth about $1.81 million.
• Wall Street sentiment remains broadly positive on GOOGL, with an average Moderate Buy rating and an average price target of $413.54; several firms recently raised their targets and reiterated buy-style ratings.
• Alphabet continues to post strong financial results, including quarterly EPS of $5.11 and revenue of $109.9 billion, while also nudging its dividend higher to $0.22 per share from $0.21.

Financial Futures Ltd Liability Co. raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 29.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,287 shares of the information services provider's stock after purchasing an additional 1,446 shares during the period. Alphabet accounts for approximately 0.8% of Financial Futures Ltd Liability Co.'s investment portfolio, making the stock its 24th largest holding. Financial Futures Ltd Liability Co.'s holdings in Alphabet were worth $1,808,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GOOGL. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the 4th quarter worth approximately $32,000. EMC Capital Management acquired a new stake in Alphabet in the fourth quarter valued at approximately $33,000. PMV Capital Advisers LLC purchased a new position in Alphabet in the fourth quarter worth $38,000. IFC & Insurance Marketing Inc. purchased a new position in Alphabet in the fourth quarter worth $38,000. Finally, Bard Associates Inc. acquired a new position in shares of Alphabet during the fourth quarter worth $52,000. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Sanford C. Bernstein reiterated a "market perform" rating and set a $390.00 price objective (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. BNP Paribas Exane upped their target price on Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. Bank of America increased their price target on Alphabet from $370.00 to $430.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Truist Financial set a $430.00 price target on Alphabet and gave the stock a "buy" rating in a report on Friday, May 29th. Finally, Evercore boosted their price target on Alphabet from $400.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average price target of $413.54.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 112 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the sale, the director owned 18,833 shares in the company, valued at approximately $6,615,656.24. This represents a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 160,465 shares of company stock valued at $8,020,511. 11.61% of the stock is owned by company insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several recent stories highlight Alphabet’s AI and cloud momentum, including Google Cloud traction with enterprise customers like Jack Henry and growing use of Google’s cloud tech by Italy’s Intesa Sanpaolo, which supports the bull case for future growth. Article Title
• Positive Sentiment: Jim Cramer argued that Alphabet still looks cheap, reinforcing a valuation-supportive narrative for GOOGL after its pullback. Article Title
• Positive Sentiment: Wall Street sentiment remains constructive, with Wells Fargo keeping an overweight rating and multiple analysts maintaining buy recommendations, which may help support the stock. Article Title
• Neutral Sentiment: Alphabet’s insider selling by John Kent Walker appears routine and is not, by itself, a major fundamental concern for investors. Article Title
• Neutral Sentiment: Coverage around Alphabet’s growing role in AI-powered shopping, robotaxis, and other ecosystem developments adds to the long-term story, but these are more thesis-supportive than immediate catalysts. Article Title
• Negative Sentiment: The biggest drag is the EU Supreme Court decision upholding Alphabet’s €4.1 billion Android antitrust fine, which reinforces legal and regulatory overhangs for the stock. Article Title
• Negative Sentiment: A separate Swedish court ruling ordered Alphabet to pay nearly $2 billion in a price-comparison dispute, adding to the sense that antitrust and competition risks remain active. Article Title

Alphabet Price Performance

NASDAQ GOOGL opened at $359.91 on Monday. 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 stock's fifty day moving average price is $371.05 and its 200 day moving average price is $334.60. Alphabet Inc. has a 1 year low of $172.77 and a 1 year high of $408.61. The company has a market cap of $4.36 trillion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.54 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. As a group, equities research analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

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

Alphabet Company Profile

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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