Investment House LLC Has $65.74 Million Position in Alphabet Inc. $GOOG

Key Points

• Investment House LLC slightly reduced its Alphabet stake by 1.4% in the fourth quarter, but it still held 209,480 shares valued at about $65.74 million. Alphabet remains a major position for the firm, making up 3.1% of its portfolio.
• Alphabet continues to show strong operational momentum, with its latest earnings beating estimates on both EPS and revenue. Revenue rose 21.8% year over year, and Google Cloud stood out as a major growth driver with surging demand.
• The company also raised its quarterly dividend to $0.22 per share, while analysts largely remain bullish with a consensus Buy rating and several price targets above current levels.

Investment House LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,480 shares of the information services provider's stock after selling 2,948 shares during the quarter. Alphabet accounts for 3.1% of Investment House LLC's portfolio, making the stock its 7th largest holding. Investment House LLC's holdings in Alphabet were worth $65,735,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Intrust Bank NA boosted its position in shares of Alphabet by 1.6% in the fourth quarter. Intrust Bank NA now owns 50,422 shares of the information services provider's stock valued at $15,822,000 after acquiring an additional 813 shares during the period. Fairtree Asset Management Pty Ltd boosted its position in shares of Alphabet by 18.8% in the fourth quarter. Fairtree Asset Management Pty Ltd now owns 33,317 shares of the information services provider's stock valued at $10,455,000 after acquiring an additional 5,272 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of Alphabet by 3.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 10,606 shares of the information services provider's stock valued at $3,328,000 after acquiring an additional 403 shares during the period. Muirfield Wealth Advisors LLC boosted its position in shares of Alphabet by 42.3% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 1,484 shares of the information services provider's stock valued at $466,000 after acquiring an additional 441 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $23,382,000. 27.26% of the stock is owned by institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered a standout Q1 result, with revenue up 63% to $20 billion, margin reaching 32.9%, and backlog rising to $462 billion. That reinforces Alphabet’s growing second engine beyond search and supports the bull case for further upside. GOOGL Rides on Surging Google Cloud Demand: More Upside Ahead?
• Positive Sentiment: Google Cloud is also getting validation from new enterprise partnerships, including EQT’s rollout to help more than 300 portfolio companies adopt AI using Google Cloud tools. Private equity firm EQT partners with Google Cloud for AI rollout
• Positive Sentiment: Waymo news continues to suggest Alphabet’s autonomous-driving business may be undervalued, with the new Ojai robotaxi designed to lower fleet costs and expand capacity. That strengthens the long-term optionality in Alphabet’s non-advertising businesses. Waymo opens Ojai robotaxis to select riders as company aims to lower cost of fleet
• Positive Sentiment: Commentary from Jim Cramer was supportive, calling Alphabet a “crucial position” and saying “there’s a lot to like here,” which can help reinforce bullish sentiment among retail investors. Jim Cramer on Alphabet: “There’s a Lot to Like Here”
• Neutral Sentiment: Shares were also mentioned in analyst-style and market commentary framing Alphabet as a core AI and cloud beneficiary, but these pieces were largely reiterations rather than new catalysts.
• Negative Sentiment: An Indian court ruling on keyword ads could increase trademark and legal risk for Google’s search advertising business, raising concerns about a core profit driver. Indian court ruling on Google keyword ads could reshape online advertising
• Negative Sentiment: News that a Google engineer was charged in a $1.2 million Polymarket insider-trading case may create a modest reputational overhang, even though it is not a direct business or financial issue for Alphabet. US charges Google engineer with insider trading on Polymarket

Alphabet Stock Performance

Alphabet stock opened at $376.43 on Friday. 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 has a fifty day moving average price of $343.28 and a two-hundred day moving average price of $324.30. Alphabet Inc. has a 52-week low of $163.33 and a 52-week high of $404.47. The firm has a market capitalization of $4.56 trillion, a P/E ratio of 28.71, a P/E/G ratio of 1.65 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last released 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 return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. During the same period in the prior year, the company posted $2.81 earnings per share. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This is an increase 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 is currently 6.71%.

Analysts Set New Price Targets

A number of brokerages recently commented on GOOG. Oppenheimer upped their target price on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. UBS Group restated a "neutral" rating and issued a $348.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. Piper Sandler restated an "overweight" rating and issued a $395.00 target price on shares of Alphabet in a research note on Thursday, February 5th. BMO Capital Markets restated an "outperform" rating and issued a $400.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Finally, Freedom Capital lowered Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Six 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $372.65.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares in the company, valued at $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 955 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares of the company's stock, valued at $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 226,481 shares of company stock valued at $27,422,061. 12.99% of the stock is owned by company insiders.

About Alphabet

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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