Hoertkorn Richard Charles Has $20.14 Million Position in Alphabet Inc. $GOOGL

Key Points

• Hoertkorn Richard Charles reduced its stake in Alphabet by 4.5% in Q4 and now holds 64,345 shares worth $20.14 million, about 7.8% of its portfolio and its third-largest holding.
• Alphabet beat Q1 estimates, reporting EPS of $5.11 (vs. $2.64 expected) and revenue of $109.9B (vs. $106.98B), and the company raised its quarterly dividend to $0.22.
• Insider selling has been notable, with insiders selling 158,553 shares (~$47.95M) in the last 90 days, while analysts retain a "Moderate Buy" consensus and an average target of $406.71.

Hoertkorn Richard Charles decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,345 shares of the information services provider's stock after selling 3,023 shares during the period. Alphabet accounts for about 7.8% of Hoertkorn Richard Charles' portfolio, making the stock its 3rd biggest holding. Hoertkorn Richard Charles' holdings in Alphabet were worth $20,140,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. PMV Capital Advisers LLC bought a new position in Alphabet during the fourth quarter valued at approximately $38,000. Kentucky Trust Co boosted 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 valued at $53,000 after buying an additional 100 shares during the last quarter. iSAM Funds UK Ltd bought a new position in Alphabet during the third quarter valued at approximately $53,000. Pilgrim Partners Asia Pte Ltd bought a new position in Alphabet during the third quarter valued at approximately $53,000. Finally, PayPay Securities Corp boosted its stake in Alphabet by 23.7% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider's stock valued at $77,000 after buying an additional 47 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Up 2.5%

Shares of GOOGL stock opened at $398.30 on Thursday. Alphabet Inc. has a 1 year low of $147.84 and a 1 year high of $399.85. 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 50 day simple moving average is $316.92 and its two-hundred day simple moving average is $310.70. The company has a market cap of $4.82 trillion, a PE ratio of 30.38, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $106.98 billion. Research analysts predict that Alphabet Inc. will post 13.86 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. The ex-dividend date is 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 currently 6.41%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s blockbuster Q1 and broader Mag‑7 earnings strength underpin the rally — the company beat EPS and revenue expectations and markets are rewarding AI/cloud leaders. Here's Why Alphabet (GOOGL) is a Strong Growth Stock
• Positive Sentiment: Large commercial commitments: Anthropic reportedly committed to spend ~$200 billion on Google Cloud and chips over five years — a potential multi‑year revenue stream for Cloud and AI infrastructure. Anthropic commits to spending $200 billion on Google's cloud and chips
• Positive Sentiment: Investor confidence in Alphabet’s AI spending shows in debt markets — its largest-ever euro bond sale attracted strong demand, supporting funding for capex and AI investments. Alphabet's euro bond offering sees strong demand
• Positive Sentiment: Product/tech optionality: DeepMind’s new minority stake to train AI on the complex MMORPG EVE Online and internal work on a 24/7 agent (“Remy”) highlight unique data/training opportunities and product roadmaps that could extend monetization. Google DeepMind Will Train AI Models on the MMORPG Eve Online Google is building an AI agent that could be its answer to OpenClaw
• Neutral Sentiment: Macro/sector backdrop is supportive: analysts and outlets note a record aggregate Q1 for corporate earnings and continued AI spending that benefits hyperscalers like Alphabet. Record Earnings Expected in 2026 Q1
• Neutral Sentiment: Strategic moves in AI compute: Alphabet moving to sell TPUs directly could broaden revenue but also reshapes competitive dynamics with Nvidia — mixed for margins and partner relationships. Google Moves to Sell TPUs Directly
• Negative Sentiment: Regulatory risk in Europe resurfaced — Google offered search-results changes to avert additions to €9.5B in EU competition fines, keeping legal uncertainty and potential remediation costs on the table. Google moves to avert EU fines with offer in news search case
• Negative Sentiment: Privacy/data concerns and worker unrest: a top Google scientist warned EU data‑sharing measures risk user privacy, and DeepMind employee union activity highlights reputational and execution risks. Top Google scientist says EU data measures pose privacy risk UK Google DeepMind employees vote to unionize

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 158,553 shares of company stock valued at $47,951,856. Company insiders own 11.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GOOGL shares. Roth Mkm reissued a "buy" rating on shares of Alphabet in a research note on Thursday, April 30th. Susquehanna reissued a "positive" rating and set a $460.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Freedom Capital lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday. Guggenheim reissued a "buy" rating and set a $450.00 price target (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alphabet in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently 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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