Left Brain Wealth Management LLC Purchases Shares of 1,724 Alphabet Inc. $GOOGL

Key Points

• Left Brain Wealth Management initiated a new position in Alphabet during the fourth quarter, buying 1,724 shares valued at about $540,000.
• Alphabet recently posted strong quarterly results, with EPS of $5.11 beating estimates by a wide margin and revenue of $109.9 billion topping forecasts. The company also raised its quarterly dividend from $0.21 to $0.22 per share.
• Wall Street remains broadly bullish on Alphabet, with multiple analysts lifting price targets and the stock carrying a Moderate Buy consensus rating. At the same time, the article highlights investor concern over Alphabet’s large AI-focused capital raise, which could create dilution and regulatory scrutiny.

Left Brain Wealth Management LLC purchased a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,724 shares of the information services provider's stock, valued at approximately $540,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boulder Wealth Advisors LLC grew its position in Alphabet by 39.0% during the 4th quarter. Boulder Wealth Advisors LLC now owns 1,933 shares of the information services provider's stock worth $605,000 after purchasing an additional 542 shares in the last quarter. Bedminster LLC purchased a new position in Alphabet during the 4th quarter worth approximately $260,000. WHI TRUST Co LLC purchased a new position in Alphabet during the 4th quarter worth approximately $72,000. Donoghue Forlines LLC grew its position in Alphabet by 21.8% during the 4th quarter. Donoghue Forlines LLC now owns 11,144 shares of the information services provider's stock worth $3,488,000 after purchasing an additional 1,993 shares in the last quarter. Finally, AustralianSuper Pty Ltd grew its position in Alphabet by 5.4% during the 4th quarter. AustralianSuper Pty Ltd now owns 3,100,737 shares of the information services provider's stock worth $970,531,000 after purchasing an additional 160,019 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Down 0.8%

Alphabet stock opened at $358.99 on Thursday. The company has a market capitalization of $4.35 trillion, a P/E ratio of 27.38, a P/E/G ratio of 1.55 and a beta of 1.23. The firm's fifty day simple moving average is $349.51 and its 200-day simple moving average is $326.85. 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 1-year low of $162.00 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Sell-side analysts forecast that Alphabet Inc. will post 14.28 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced 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 is Monday, June 8th. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is 6.41%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s reported $10 billion commitment to Alphabet’s capital raise is a strong vote of confidence in the company’s AI and cloud strategy, helping validate the long-term investment case. Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
• Positive Sentiment: Wall Street continues to frame Alphabet as a major AI beneficiary, with analysts reaffirming bullish price targets and noting rising demand for Google Cloud and AI infrastructure. Alphabet had its "buy" rating reaffirmed by Needham & Company LLC
• Neutral Sentiment: Lovable’s expanded multi-year Google Cloud deal highlights ongoing customer demand for Alphabet’s cloud services, but it is a modest business development rather than a major near-term catalyst. Lovable signs multi-year deal with Google Cloud to up usage 5x, source says
• Neutral Sentiment: Coverage around the AI boom and Alphabet’s expanding role in the sector supports the growth narrative, but much of it is sentiment-driven rather than a direct earnings update. Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
• Negative Sentiment: Alphabet’s massive $84.75 billion equity raise is stirring dilution concerns and signaling that AI infrastructure spending will remain extremely capital intensive, which has weighed on the stock. Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
• Negative Sentiment: UK regulators imposed new conduct requirements on Google Search, including giving publishers more control over AI use of their content, adding a fresh regulatory overhang for Alphabet’s search and AI businesses. UK regulator enforces new competition requirements for Google search

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research analyst reports. BMO Capital Markets lifted their price objective on shares of Alphabet from $410.00 to $435.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. New Street Research lifted their price objective on shares of Alphabet from $380.00 to $450.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. Dbs Bank lifted their price objective on shares of Alphabet from $400.00 to $460.00 in a research report on Thursday, May 7th. Citizens Jmp reiterated a "market outperform" rating and set a $515.00 price objective on shares of Alphabet in a research report on Wednesday, May 20th. Finally, Tigress Financial set a $415.00 price objective on shares of Alphabet and gave the stock a "strong-buy" rating in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $413.04.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the transaction, the insider directly owned 51,808 shares in the company, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the transaction, the chief executive officer owned 1,642,060 shares in the company, valued at $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 193,016 shares of company stock valued at $17,282,549 in the last ninety days. Company insiders own 11.61% of the company's stock.

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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