J.M. Arbour LLC Makes New $714,000 Investment in Alphabet Inc. $GOOGL

Key Points

• J.M. Arbour LLC initiated a new position in Alphabet, buying 2,282 shares worth about $714,000, while several other institutions also increased stakes, leaving institutional ownership at roughly 40.03%.
• Alphabet posted a strong Q1 beat (EPS $5.11 vs. $2.64 expected) and $109.9B revenue with Google Cloud up ~63% to >$20B, sparking multiple analyst upgrades and a consensus “Moderate Buy” rating with an average target of $397.48.
• Insiders have sold about 191,986 shares (~$59.16M) in the last 90 days (insiders still own 11.64%), and the company raised its quarterly dividend to $0.22 (annualized $0.88, ~0.2% yield).

J.M. Arbour LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,282 shares of the information services provider's stock, valued at approximately $714,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. O Connor Financial Group LLC grew its stake in shares of Alphabet by 2.3% during the 4th quarter. O Connor Financial Group LLC now owns 1,863 shares of the information services provider's stock worth $611,000 after purchasing an additional 41 shares during the period. Lipe & Dalton grew its stake in shares of Alphabet by 44.4% during the 4th quarter. Lipe & Dalton now owns 257 shares of the information services provider's stock worth $80,000 after purchasing an additional 79 shares during the period. Oxinas Partners LLC grew its stake in shares of Alphabet by 2.3% during the 4th quarter. Oxinas Partners LLC now owns 8,718 shares of the information services provider's stock worth $2,729,000 after purchasing an additional 197 shares during the period. Draper Asset Management LLC grew its stake in shares of Alphabet by 11.9% during the 4th quarter. Draper Asset Management LLC now owns 102,209 shares of the information services provider's stock worth $31,991,000 after purchasing an additional 10,874 shares during the period. Finally, CM Wealth Advisors LLC grew its stake in shares of Alphabet by 58.5% during the 4th quarter. CM Wealth Advisors LLC now owns 18,422 shares of the information services provider's stock worth $5,766,000 after purchasing an additional 6,797 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the firm's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the firm's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $371.00, for a total transaction of $37,842.00. Following the sale, the director directly owned 18,621 shares in the company, valued at $6,908,391. This represents a 0.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 191,986 shares of company stock worth $59,159,207 in the last 90 days. Insiders own 11.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GOOGL shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Alphabet in a research note on Tuesday. Moffett Nathanson upped their price target on shares of Alphabet from $305.00 to $350.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Phillip Securities upped their price target on shares of Alphabet from $340.00 to $395.00 and gave the stock a "moderate buy" rating in a research note on Wednesday, April 15th. Tigress Financial set a $415.00 price target on shares of Alphabet and gave the stock a "strong-buy" rating in a research note on Thursday, February 19th. Finally, New Street Research upped their price target on shares of Alphabet from $330.00 to $380.00 and gave the stock a "buy" rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $397.48.

Key Stories Impacting Alphabet

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

Shares of NASDAQ GOOGL opened at $385.69 on Friday. The stock has a market cap of $4.67 trillion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.37 and a beta of 1.12. Alphabet Inc. has a 52 week low of $147.84 and a 52 week high of $386.76. The company's 50-day moving average price is $313.72 and its 200 day moving average price is $307.81. The company has a current ratio of 1.92, a quick ratio of 2.01 and a debt-to-equity ratio of 0.16.

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 analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for 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, research analysts forecast that Alphabet Inc. will post 11.62 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is currently 6.71%.

Alphabet 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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