Income Insurance Ltd Makes New Investment in Alphabet Inc. $GOOG

Key Points

• Income Insurance Ltd initiated a new position in Alphabet, buying 14,921 shares valued at about $4.68 million. The stake now represents roughly 3% of its portfolio and ranks as its 8th-largest holding.
• Alphabet continues to attract institutional interest, while some insiders have been trimming positions. In the last 90 days, insiders sold 226,481 shares worth about $27.4 million.
• The company reported better-than-expected quarterly results, with EPS of $5.11 versus estimates of $2.68 and revenue of $109.9 billion. Analysts remain broadly positive, with a consensus rating of Buy and a target price of $363.40.

Income Insurance Ltd acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,921 shares of the information services provider's stock, valued at approximately $4,682,000. Alphabet accounts for approximately 3.0% of Income Insurance Ltd's portfolio, making the stock its 8th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the company. D Orazio & Associates Inc. raised its holdings in shares of Alphabet by 2.0% during the fourth quarter. D Orazio & Associates Inc. now owns 13,543 shares of the information services provider's stock worth $4,250,000 after acquiring an additional 260 shares in the last quarter. Ballast Rock Private Wealth LLC purchased a new stake in shares of Alphabet during the fourth quarter worth $422,000. Advisor OS LLC raised its holdings in shares of Alphabet by 1.8% during the fourth quarter. Advisor OS LLC now owns 16,546 shares of the information services provider's stock worth $5,192,000 after acquiring an additional 294 shares in the last quarter. Plato Investment Management Ltd raised its holdings in shares of Alphabet by 1.1% during the fourth quarter. Plato Investment Management Ltd now owns 121,635 shares of the information services provider's stock worth $38,355,000 after acquiring an additional 1,326 shares in the last quarter. Finally, Midwest Trust Co raised its holdings in shares of Alphabet by 2.7% during the fourth quarter. Midwest Trust Co now owns 367,573 shares of the information services provider's stock worth $115,344,000 after acquiring an additional 9,774 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the transaction, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the transaction, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 226,481 shares of company stock worth $27,422,061. Insiders own 12.99% of the company's stock.

Alphabet Price Performance

NASDAQ GOOG opened at $384.90 on Wednesday. The stock has a 50-day simple moving average of $331.01 and a 200 day simple moving average of $318.96. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market capitalization of $4.66 trillion, a PE ratio of 29.36, a P/E/G ratio of 1.68 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. 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 the consensus estimate of $106.96 billion. During the same quarter in the previous year, the firm posted $2.81 EPS. The business's revenue was up 21.8% compared to the same quarter last year. Research analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 dividend 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 payout ratio is presently 6.41%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google I/O 2026 showcased a major AI push across Search, Gemini, Chrome, Android, YouTube, and Workspace, reinforcing Alphabet’s leadership in AI monetization.
• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI cloud venture using Google’s TPU chips, which could expand Alphabet’s AI infrastructure business and strengthen its competitive moat.
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake again, signaling continued confidence from a major long-term investor.
• Neutral Sentiment: Wall Street commentary remains split between enthusiasm over Alphabet’s AI progress and caution after the stock’s sharp rally and elevated valuation.
• Negative Sentiment: A major shareholder disclosed additional Alphabet share sales, which may be adding modest short-term pressure as investors take profits after the recent move higher.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Raymond James Financial reiterated a "strong-buy" rating and set a $425.00 price objective on shares of Alphabet in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $370.00 price objective on shares of Alphabet in a report on Tuesday, January 20th. JPMorgan Chase & Co. increased their price objective on Alphabet from $395.00 to $460.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Sanford C. Bernstein reiterated a "market perform" rating and set a $345.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Finally, Pivotal Research reiterated a "buy" rating and set a $470.00 price objective (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Alphabet has a consensus rating of "Buy" and a consensus target price of $363.40.

Alphabet Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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