GenTrust LLC Buys 7,327 Shares of Alphabet Inc. $GOOGL

Key Points

• GenTrust LLC increased its Alphabet stake by 54.7% in the fourth quarter, buying 7,327 additional shares and bringing its total holdings to 20,728 shares valued at about $6.49 million.
• Alphabet reported strong quarterly results, posting EPS of $5.11 versus expectations of $2.64 and revenue of $109.9 billion, both above analyst estimates.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while analysts remain mostly bullish with an average rating of “Moderate Buy” and an average price target of $411.23.

GenTrust LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 54.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,728 shares of the information services provider's stock after buying an additional 7,327 shares during the period. GenTrust LLC's holdings in Alphabet were worth $6,488,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. PMV Capital Advisers LLC bought a new stake in Alphabet during the fourth quarter worth $38,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Alphabet during the third quarter worth $53,000. Kentucky Trust Co lifted its stake in Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after purchasing an additional 100 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in Alphabet during the third quarter worth $53,000. Finally, Sellwood Investment Partners LLC bought a new stake in Alphabet during the third quarter worth $63,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

NASDAQ GOOGL opened at $387.66 on Wednesday. The company has a market capitalization of $4.70 trillion, a price-to-earnings ratio of 29.57, a PEG ratio of 1.70 and a beta of 1.26. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The stock has a fifty day simple moving average of $333.00 and a 200 day simple moving average of $319.32. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating 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 business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Sell-side analysts expect that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared 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. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is 6.41%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI infrastructure joint venture to build TPU-powered cloud capacity, which could deepen demand for Google’s custom chips and expand its AI ecosystem. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Google I/O showcased a broad AI push across Search, Gemini, Workspace, shopping, and video tools, reinforcing the idea that Alphabet is monetizing AI rather than just defending against rivals. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Analyst sentiment remains constructive, with Arete Research lifting its price target to $425 and maintaining a buy rating, signaling continued upside expectations. Arete Research adjusts price target on Alphabet to $425 from $405
• Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, suggesting its AI products are already reaching scale. Google kicks off I/O conference with AI upgrades for coders, consumers
• Neutral Sentiment: Alphabet disclosed insider sales by a major shareholder, but the transactions appear routine and are not, by themselves, a strong fundamental signal. SEC filing
• Negative Sentiment: Some investors are uneasy that Google’s AI-heavy search redesign could disrupt the company’s core ad model, especially as the “ten blue links” era fades. Google Search as you know it is over
• Negative Sentiment: There is also headline risk from broader scrutiny around platform responsibility and YouTube youth-safety issues, which may keep some investors cautious. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run

Insider Activity

In other Alphabet news, Director Frances Arnold sold 102 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $371.00, for a total transaction of $37,842.00. Following the completion of the sale, the director directly owned 18,621 shares in the company, valued at approximately $6,908,391. This trade represents a 0.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 1,050 shares of the 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 sale, the director owned 2,531 shares of the company's stock, valued at approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 226,481 shares of company stock worth $27,422,061. 11.61% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on GOOGL. Roth Mkm restated a "buy" rating on shares of Alphabet in a research note on Thursday, April 30th. Tigress Financial set a $415.00 target price on Alphabet and gave the stock a "strong-buy" rating in a research note on Thursday, February 19th. JPMorgan Chase & Co. restated a "buy" rating on shares of Alphabet in a research note on Monday, May 4th. Guggenheim restated a "buy" rating and set a $450.00 target price (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. Finally, Phillip Securities upped their target price on Alphabet from $340.00 to $395.00 and gave the stock a "moderate buy" rating in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $411.23.

About Alphabet

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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