Hobart Private Capital LLC Purchases 5,379 Shares of Alphabet Inc. $GOOGL

Key Points

• Hobart Private Capital LLC increased its stake in Alphabet by 153.5% in Q4, buying an additional 5,379 shares to own 8,884 shares valued at about $2.78 million.
• Wall Street turned bullish after strong Q1 results and Google Cloud growth, with a consensus rating of "Moderate Buy" and an average target price of $397.48 as multiple brokers raised targets (some to $425).
• Insiders have been net sellers recently: CEO Sundar Pichai sold 32,500 shares for roughly $10.0 million, and insiders sold 191,053 shares (~$58.8 million) in the last quarter while insiders still own 11.61% of the stock.

Hobart Private Capital LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 153.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,884 shares of the information services provider's stock after acquiring an additional 5,379 shares during the period. Hobart Private Capital LLC's holdings in Alphabet were worth $2,781,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GOOGL. PMV Capital Advisers LLC purchased a new position in shares of Alphabet during the 4th quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Alphabet in the 3rd quarter worth about $53,000. iSAM Funds UK Ltd bought a new position in Alphabet during the 3rd quarter valued at about $53,000. Kentucky Trust Co grew its holdings in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after purchasing an additional 100 shares during the last quarter. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Alphabet in the third quarter valued at approximately $63,000. Institutional investors own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GOOGL. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Loop Capital raised their price target on shares of Alphabet from $320.00 to $355.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Piper Sandler reaffirmed an "overweight" rating and issued a $425.00 price target (up from $395.00) on shares of Alphabet in a report on Thursday. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a report on Friday, April 24th. Finally, Royal Bank Of Canada set a $425.00 price target on shares of Alphabet and gave the stock an "outperform" rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and a consensus target price of $397.48.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director directly owned 3,581 shares in the company, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 191,053 shares of company stock valued at $58,845,206 in the last quarter. 11.61% of the stock is currently owned by insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Alphabet Price Performance

NASDAQ:GOOGL opened at $385.69 on Monday. The firm has a market capitalization of $4.67 trillion, a P/E ratio of 29.42, a PEG ratio of 1.80 and a beta of 1.26. Alphabet Inc. has a 1-year low of $147.84 and a 1-year high of $386.76. The company's fifty day moving average price is $313.72 and its 200-day moving average price is $308.70. 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 released its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, equities research analysts anticipate that Alphabet Inc. will post 12.94 EPS for the current year.

Alphabet Increases Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.