Fulcrum Asset Management LLP Raises Holdings in Alphabet Inc. $GOOG

Key Points

• Fulcrum Asset Management LLP increased its Alphabet stake by 10.9% in the fourth quarter, buying 4,307 more shares and bringing its total holdings to 43,867 shares worth about $13.8 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 beating estimates and revenue of $109.9 billion topping expectations; revenue rose 21.8% from a year earlier.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while analysts remain broadly positive with a consensus Buy rating and an average price target of $372.65.

Fulcrum Asset Management LLP lifted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,867 shares of the information services provider's stock after purchasing an additional 4,307 shares during the quarter. Alphabet comprises approximately 2.2% of Fulcrum Asset Management LLP's holdings, making the stock its 10th largest position. Fulcrum Asset Management LLP's holdings in Alphabet were worth $13,798,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Imprint Wealth LLC purchased a new position in Alphabet in the 3rd quarter worth approximately $31,000. Nvest Wealth Strategies Inc. purchased a new position in Alphabet in the 4th quarter worth approximately $38,000. Towne Trust Company N.A raised its holdings in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after acquiring an additional 34 shares during the last quarter. Winnow Wealth LLC purchased a new position in Alphabet in the 3rd quarter worth approximately $63,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in Alphabet by 29.0% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider's stock worth $63,000 after acquiring an additional 58 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Price Performance

Shares of GOOG opened at $379.38 on Monday. The firm has a market cap of $4.60 trillion, a PE ratio of 28.94, a P/E/G ratio of 1.62 and a beta of 1.25. 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 fifty day simple moving average of $335.54 and a two-hundred day simple moving average of $321.07. 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 announced 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. The business had revenue of $109.90 billion during 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 company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.81 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GOOG shares. Scotiabank restated an "outperform" rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the stock a "buy" rating in a report on Friday, March 13th. BMO Capital Markets restated an "outperform" rating and issued a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a report on Monday, February 16th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a report on Monday, April 20th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of "Buy" and a consensus target price of $372.65.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction 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 completion of the sale, the director directly owned 2,531 shares in the company, valued at approximately $995,341.06. The trade was a 29.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction on Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 226,481 shares of company stock worth $27,422,061. 12.99% of the stock is owned by corporate insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Recent commentary says Alphabet was one of the biggest winners among the Mag 7 this earnings season, helped by accelerating Google Cloud sales and broader AI-driven strength. Alphabet and NVIDIA: The Biggest Mag 7 Winners This Earnings Season
• Positive Sentiment: Analysts highlighted Alphabet’s new AI ad formats and shopping tools as potential catalysts for stronger search monetization, higher conversion rates, and increased ad spending. Alphabet's new AI ad formats seen boosting conversions and spending
• Positive Sentiment: Alphabet also announced a large $15 billion data center and AI infrastructure investment in Missouri, reinforcing investor confidence in its cloud and AI buildout. Google Deepens Missouri Roots with New Data Center, Energy, and Community Investments
• Neutral Sentiment: Google unveiled new AI search and agent features at I/O, which could improve engagement over time, but the rollout also raised concerns about complexity and possible disruption to the traditional search experience. You can no longer Google the word ‘disregard’
• Neutral Sentiment: Waymo temporarily paused some robotaxi and freeway services after safety issues in flooded roads and construction zones; while this is not core to Alphabet’s profits, it adds execution risk and negative headlines. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
• Negative Sentiment: Alphabet has appealed the U.S. search-monopoly ruling, keeping antitrust overhang and potential remedies in focus for investors. Google appeals US court ruling on search monopoly

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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