Highview Capital Management LLC DE Boosts Position in Alphabet Inc. $GOOGL

Key Points

• Highview Capital Management LLC DE raised its position in Alphabet by 5.6% to 28,828 shares (about $9.02M), making Alphabet roughly 3.2% of the fund's portfolio and its eighth-largest holding.
• Alphabet posted a blockbuster Q1 with EPS $5.11 vs. $2.64 estimate and $109.9B revenue, spurring analyst upgrades and a consensus "Moderate Buy" with an average target near $406.71.
• The company raised its quarterly dividend to $0.22 (annualized $0.88, ~0.2% yield) while insiders have been selling shares recently, including CEO Sundar Pichai's 32,500-share sale.

Highview Capital Management LLC DE raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,828 shares of the information services provider's stock after acquiring an additional 1,524 shares during the period. Alphabet makes up about 3.2% of Highview Capital Management LLC DE's investment portfolio, making the stock its 8th largest position. Highview Capital Management LLC DE's holdings in Alphabet were worth $9,023,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its position in Alphabet by 12.9% during the fourth quarter. Brighton Jones LLC now owns 130,936 shares of the information services provider's stock valued at $40,983,000 after acquiring an additional 14,987 shares during the last quarter. Legacy Advisors LLC increased its position in Alphabet by 6.3% during the fourth quarter. Legacy Advisors LLC now owns 58,982 shares of the information services provider's stock valued at $18,461,000 after acquiring an additional 3,512 shares during the last quarter. DSG Capital Advisors LLC boosted its holdings in Alphabet by 0.9% during the 4th quarter. DSG Capital Advisors LLC now owns 109,845 shares of the information services provider's stock valued at $36,554,000 after acquiring an additional 960 shares during the period. Able Wealth Management LLC purchased a new position in Alphabet during the 4th quarter valued at $1,062,000. Finally, Stone Summit Wealth LLC boosted its holdings in Alphabet by 35.3% during the 4th quarter. Stone Summit Wealth LLC now owns 4,067 shares of the information services provider's stock valued at $1,273,000 after acquiring an additional 1,061 shares during the period. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 0.0%

GOOGL stock opened at $397.99 on Friday. The company has a market capitalization of $4.81 trillion, a PE ratio of 30.36, a P/E/G ratio of 1.66 and a beta of 1.26. Alphabet Inc. has a 12 month low of $152.20 and a 12 month high of $400.10. The firm's 50-day moving average is $318.66 and its 200 day moving average is $311.72. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

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 the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. On average, research analysts anticipate that Alphabet Inc. will post 14.01 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced 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 annualized dividend and a 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 (DPR) is currently 6.41%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the transaction, the chief executive officer directly owned 1,674,560 shares in the company, valued at $508,028,012.80. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O'toole sold 955 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares in the company, valued at approximately $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 158,553 shares of company stock valued at $47,951,856 in the last 90 days. Insiders own 11.61% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Huge Q1 beat and cash generation — Alphabet reported blockbuster Q1 results and large net income, highlighting strong Search and AI-driven revenue that underpins recent multiple expansion and investor confidence. It Takes Meta Almost 9 Minutes...
• Positive Sentiment: Analyst upgrades lift sentiment — Mizuho raised its price target to $460 (outperform) and other shops have pushed targets higher, reinforcing buy-side momentum after the earnings beat. Alphabet Given New $460.00 Price Target at Mizuho
• Positive Sentiment: New consumer products and recurring revenue — Google rebranded Fitbit to Google Health, launched a $9.99/month AI health coach (May 19) and unveiled the Fitbit Air wearable; subscription services could add predictable ARPU. Google's $9.99-per-month AI health coach...
• Positive Sentiment: Market leadership narrative — Coverage notes Alphabet closing the gap on Nvidia for the world's largest market cap, a bullish signal that may attract momentum and index flows. Alphabet Is About to Overtake Nvidia...
• Neutral Sentiment: Hiring and process changes — Google is piloting AI-assisted software-engineer interviews and exploring personal AI agents (Remy), which could improve hiring throughput but raise operational and fairness questions. Google plans to let software engineers...
• Neutral Sentiment: R&D and partnerships — DeepMind has taken a minority stake to train models on the EVE Online environment and Google continues investing in personal AI agents; long-term upside but near-term costs remain. Google DeepMind Will Train AI Models...
• Negative Sentiment: Regulatory/legal risk in EU news case — Google proposed changes to search news displays to avoid further EU fines, highlighting ongoing exposure to large competition penalties that could hit earnings or require product changes. Google moves to avert EU fines...
• Negative Sentiment: UK display-ads legal claim — A £3bn collective claim alleging monopolization of display ads introduces another material legal overhang that could pressure valuation until resolved. Google facing £3bn legal claim...

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of recent analyst reports. Truist Financial increased their target price on Alphabet from $385.00 to $415.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Alphabet in a research note on Monday. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a research note on Monday. KeyCorp set a $425.00 price target on shares of Alphabet and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Finally, Wall Street Zen raised shares of Alphabet from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of "Moderate Buy" and an average target price of $406.71.

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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