Matisse Capital Buys Shares of 5,840 Alphabet Inc. $GOOG

Key Points

• Matisse Capital acquired a new stake of 5,840 shares in Alphabet Inc. (NASDAQ: GOOG) during Q4, valued at about $1.83 million.
• Strong Q1 results and AI/Cloud momentum: Alphabet reported a $5.11 EPS beat (vs. $2.68 est.) and $109.9B revenue, with +21.8% YoY growth and major cloud tailwinds including an ~ $200 billion Anthropic commitment that materially de‑risks Cloud growth.
• Dividend hike and bullish analyst sentiment: Alphabet raised its quarterly dividend to $0.22 (annualized $0.88, yield ~0.2%, ex-dividend June 8), while many analysts have lifted targets and maintain a consensus "Buy" (average target ~$362.73, with several firms much higher).

Matisse Capital bought a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,840 shares of the information services provider's stock, valued at approximately $1,833,000.

A number of other institutional investors also recently made changes to their positions in the business. Carmel Capital Partners LLC raised its position in shares of Alphabet by 27.3% in the 4th quarter. Carmel Capital Partners LLC now owns 18,816 shares of the information services provider's stock valued at $5,905,000 after purchasing an additional 4,034 shares in the last quarter. Cornerstone National Bank & Trust Co raised its position in shares of Alphabet by 13.9% in the 4th quarter. Cornerstone National Bank & Trust Co now owns 410 shares of the information services provider's stock valued at $129,000 after purchasing an additional 50 shares in the last quarter. Elevated Financial Group LLC acquired a new position in shares of Alphabet in the 4th quarter valued at approximately $360,000. Facet Wealth Inc. raised its position in shares of Alphabet by 104.9% in the 4th quarter. Facet Wealth Inc. now owns 17,646 shares of the information services provider's stock valued at $5,934,000 after purchasing an additional 9,032 shares in the last quarter. Finally, Axecap Investments LLC raised its position in shares of Alphabet by 5.5% in the 4th quarter. Axecap Investments LLC now owns 25,434 shares of the information services provider's stock valued at $7,981,000 after purchasing an additional 1,333 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

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Alphabet Stock Performance

GOOG stock opened at $395.50 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.78 trillion, a P/E ratio of 30.17, a P/E/G ratio of 1.60 and a beta of 1.25. Alphabet Inc. has a 12-month low of $149.49 and a 12-month high of $396.38. The stock's 50 day simple moving average is $315.50 and its 200 day simple moving average is $310.59.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm's revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.81 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 14 EPS for the current year.

Alphabet Increases Dividend

The business 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 dividend of $0.22 per share. 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 an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Huge commercial win: Anthropic has committed roughly $200 billion to use Google Cloud and chips over multiple years, locking in large revenue/backlog assumptions that materially de‑risk Cloud growth and future margin expansion. Anthropic commits to spending $200 billion on Google's cloud and chips
• Positive Sentiment: Analyst bullishness: Mizuho and other shops have lifted forecasts/targets after Q1, citing underestimated Google Cloud and TPU/chip contributions — supporting further upside and helping push sentiment to record highs. Google Stock Nudges Up as Mizuho Elevates Alphabet’s Forecast
• Positive Sentiment: Q1 momentum and Cloud backlog: Strong Q1 results (large EPS beat, ~63% Cloud growth and a rapidly expanding Cloud backlog) continue to validate the AI/cloud revenue thesis and investor rotation into GOOG. Alphabet's $460B AI Lock-In
• Neutral Sentiment: Product & research moves: DeepMind took a minority stake in the studio behind EVE Online to train models in complex simulated environments, and Google is developing a personal AI agent (“Remy”) and new AI search features — these support long‑term AI capability gains but are incremental near‑term revenue drivers. Google DeepMind Will Train AI Models on the MMORPG Eve Online
• Negative Sentiment: Institutional trimming: Large funds disclosed meaningful reductions in GOOG holdings (e.g., CalPERS and Deutsche Bank filings show multi‑percent position cuts), which can add supply pressure and headline volatility. Fund Update: CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Just Disclosed New Holdings
• Negative Sentiment: Regulatory & legal risk: Google is negotiating changes in EU news search to avoid additional multibillion‑euro fines, but the liability remains unresolved — a material tail risk if regulators press further. Google moves to avert EU fines with offer in news search case, Bloomberg News reports
• Negative Sentiment: Employee / reputational friction: Classified DoD AI work and DeepMind unionization/employee protests over defense contracts create potential operational and PR headaches that could weigh on sentiment for some investors. Google DeepMind employees vote to unionize over AI military deals

Analysts Set New Price Targets

Several research firms recently issued reports on GOOG. Phillip Securities lowered Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, April 15th. Oppenheimer reissued an "outperform" rating and set a $425.00 price target on shares of Alphabet in a research report on Thursday, April 30th. Truist Financial set a $385.00 price target on Alphabet in a research report on Wednesday, April 22nd. TD Cowen upped their price target on Alphabet from $375.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Finally, Pivotal Research reissued a "buy" rating and set a $470.00 price target (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $362.73.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,818,524 shares in the company, valued at $856,605,814.08. This represents a 1.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 158,553 shares of company stock valued at $47,951,856 in the last 90 days. Corporate insiders own 12.99% of the company's stock.

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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