Jones Kertz & Associates Inc. Takes $8.61 Million Position in Alphabet Inc. $GOOGL

Key Points

• Jones Kertz & Associates Inc. bought 27,517 shares of Alphabet in Q4 valued at about $8.61 million, making GOOGL its 5th largest holding and 4.4% of the firm's portfolio.
• Blockbuster Q1: Alphabet reported $5.11 EPS (vs. $2.64 expected) and $109.9B revenue, spurring analyst price-target upgrades and a consensus "Moderate Buy" (avg target $406.71), and the company raised its quarterly dividend to $0.22.
• Insider and institutional activity: CEOs and other insiders have been selling (Sundar Pichai sold 32,500 shares for ~$10.01M; insiders sold ~158,553 shares worth ~$47.95M in the last 90 days), while institutional investors own ~40.03% and insiders ~11.61% of the stock.

Jones Kertz & Associates Inc. acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 27,517 shares of the information services provider's stock, valued at approximately $8,613,000. Alphabet accounts for 4.4% of Jones Kertz & Associates Inc.'s portfolio, making the stock its 5th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Veery Capital LLC raised its stake in shares of Alphabet by 5.1% in the 4th quarter. Veery Capital LLC now owns 4,387 shares of the information services provider's stock worth $1,373,000 after buying an additional 214 shares in the last quarter. RTD Financial Advisors Inc. bought a new stake in Alphabet in the fourth quarter worth about $230,000. Round Rock Advisors LLC lifted its holdings in Alphabet by 2.0% in the 4th quarter. Round Rock Advisors LLC now owns 10,139 shares of the information services provider's stock valued at $3,174,000 after acquiring an additional 203 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Alphabet by 10.1% in the 4th quarter. Evergreen Capital Management LLC now owns 266,891 shares of the information services provider's stock valued at $83,537,000 after acquiring an additional 24,498 shares during the last quarter. Finally, Antonelli Financial Advisors LLC grew its stake in shares of Alphabet by 27.4% in the 4th quarter. Antonelli Financial Advisors LLC now owns 2,835 shares of the information services provider's stock worth $887,000 after purchasing an additional 610 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Huge Q1 beat and cash generation — Alphabet reported blockbuster Q1 results and large net income, highlighting strong Search and AI-driven revenue that underpins recent multiple expansion and investor confidence. It Takes Meta Almost 9 Minutes...
• Positive Sentiment: Analyst upgrades lift sentiment — Mizuho raised its price target to $460 (outperform) and other shops have pushed targets higher, reinforcing buy-side momentum after the earnings beat. Alphabet Given New $460.00 Price Target at Mizuho
• Positive Sentiment: New consumer products and recurring revenue — Google rebranded Fitbit to Google Health, launched a $9.99/month AI health coach (May 19) and unveiled the Fitbit Air wearable; subscription services could add predictable ARPU. Google's $9.99-per-month AI health coach...
• Positive Sentiment: Market leadership narrative — Coverage notes Alphabet closing the gap on Nvidia for the world's largest market cap, a bullish signal that may attract momentum and index flows. Alphabet Is About to Overtake Nvidia...
• Neutral Sentiment: Hiring and process changes — Google is piloting AI-assisted software-engineer interviews and exploring personal AI agents (Remy), which could improve hiring throughput but raise operational and fairness questions. Google plans to let software engineers...
• Neutral Sentiment: R&D and partnerships — DeepMind has taken a minority stake to train models on the EVE Online environment and Google continues investing in personal AI agents; long-term upside but near-term costs remain. Google DeepMind Will Train AI Models...
• Negative Sentiment: Regulatory/legal risk in EU news case — Google proposed changes to search news displays to avoid further EU fines, highlighting ongoing exposure to large competition penalties that could hit earnings or require product changes. Google moves to avert EU fines...
• Negative Sentiment: UK display-ads legal claim — A £3bn collective claim alleging monopolization of display ads introduces another material legal overhang that could pressure valuation until resolved. Google facing £3bn legal claim...

Insider Activity at Alphabet

In related 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 sale, the chief executive officer directly owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 158,553 shares of company stock worth $47,951,856. 11.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BMO Capital Markets upped their price target on Alphabet from $410.00 to $435.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. The Goldman Sachs Group upped their target price on Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Piper Sandler reiterated an "overweight" rating and issued a $425.00 price target (up from $395.00) on shares of Alphabet in a research report on Thursday, April 30th. Citizens Jmp upped their price objective on shares of Alphabet from $385.00 to $515.00 and gave the company a "market outperform" rating in a research note on Monday. Finally, Canaccord Genuity Group raised their target price on shares of Alphabet from $415.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $406.71.

Alphabet Trading Down 0.0%

NASDAQ:GOOGL opened at $397.99 on Friday. The stock has a market cap of $4.81 trillion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26. Alphabet Inc. has a fifty-two week low of $152.20 and a fifty-two week high of $400.10. 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 moving average is $318.66 and its two-hundred day moving average is $311.72.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, equities research analysts forecast that Alphabet Inc. will post 14.01 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a 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 currently 6.41%.

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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