Ibex Wealth Advisors Buys 2,727 Shares of Alphabet Inc. $GOOGL

Key Points

• Ibex Wealth Advisors increased its Alphabet stake by 4.3% in the first quarter, buying 2,727 additional shares and bringing its total holdings to 66,119 shares valued at about $19.0 million.
• Institutional ownership and analyst sentiment remain strong, with 40.03% of Alphabet stock held by institutions and a Wall Street consensus of “Moderate Buy” with an average price target of $414.11.
• Alphabet posted solid fundamentals and shareholder returns, including first-quarter EPS of $5.11 versus expectations of $2.64, revenue of $109.9 billion, and a higher quarterly dividend of $0.22 from $0.21 previously.

Ibex Wealth Advisors raised its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,119 shares of the information services provider's stock after acquiring an additional 2,727 shares during the quarter. Alphabet makes up 1.8% of Ibex Wealth Advisors' holdings, making the stock its 11th biggest position. Ibex Wealth Advisors' holdings in Alphabet were worth $19,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Symmetry Partners LLC lifted its stake in Alphabet by 0.4% in the fourth quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider's stock valued at $2,476,000 after purchasing an additional 30 shares during the last quarter. Private Wealth Management Group LLC increased its position in Alphabet by 1.2% in the first quarter. Private Wealth Management Group LLC now owns 2,540 shares of the information services provider's stock worth $730,000 after buying an additional 30 shares during the last quarter. Members Trust Co raised its stake in shares of Alphabet by 0.5% in the fourth quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock valued at $2,014,000 after buying an additional 31 shares during the period. Altfest L J & Co. Inc. raised its stake in shares of Alphabet by 0.4% in the fourth quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider's stock valued at $2,489,000 after buying an additional 31 shares during the period. Finally, Corus Family Wealth Advisors lifted its position in shares of Alphabet by 1.5% during the 1st quarter. Corus Family Wealth Advisors now owns 2,090 shares of the information services provider's stock valued at $601,000 after buying an additional 31 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 8,998 shares of the company's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. This represents a 10.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the sale, the director directly owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,415 shares of company stock valued at $7,672,279 in the last ninety days. 11.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GOOGL shares. Rothschild & Co Redburn lifted their price objective on Alphabet from $390.00 to $430.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. BNP Paribas Exane upped their price objective on shares of Alphabet from $390.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. Needham & Company LLC reiterated a "buy" rating and set a $450.00 target price on shares of Alphabet in a research report on Wednesday, June 3rd. Freedom Capital downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Finally, Canaccord Genuity Group boosted their price target on shares of Alphabet from $415.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Three research 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 company's stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and a consensus price target of $414.11.

Alphabet Price Performance

GOOGL stock opened at $346.77 on Friday. The firm has a 50 day moving average of $368.89 and a 200-day moving average of $337.97. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $183.71 and a 12 month high of $408.61. The firm has a market capitalization of $4.20 trillion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, sell-side analysts predict that Alphabet Inc. will post 14.33 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet's payout ratio is currently 6.71%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

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.

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