Matisse Capital Has $4.06 Million Stock Position in Alphabet Inc. $GOOGL

Key Points

• Matisse Capital trimmed its Alphabet stake by 12.4% in the fourth quarter, selling 1,839 shares and ending with 12,975 shares valued at about $4.06 million. Alphabet still ranks as the fund’s 10th-largest position, making up roughly 1.8% of its portfolio.
• Wall Street remains broadly bullish on Alphabet, with multiple firms reiterating buy-style ratings and several raising price targets. The stock’s consensus rating is “Moderate Buy,” and the average price target stands at $407.86.
• Alphabet posted strong quarterly results, reporting EPS of $5.11 versus expectations of $2.64 and revenue of $109.9 billion, while also increasing its quarterly dividend to $0.22 per share. The company’s shares were trading near their 12-month high at the time of the report.

Matisse Capital decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,975 shares of the information services provider's stock after selling 1,839 shares during the quarter. Alphabet comprises approximately 1.8% of Matisse Capital's investment portfolio, making the stock its 10th biggest position. Matisse Capital's holdings in Alphabet were worth $4,061,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after acquiring an additional 506 shares during the period. Matrix Asset Advisors Inc. NY grew its stake in shares of Alphabet by 17.6% in the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock valued at $685,000 after acquiring an additional 581 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Alphabet by 11.2% in the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock valued at $85,557,000 after acquiring an additional 48,805 shares in the last quarter. Finally, United Bank increased its position in Alphabet by 6.9% during the second quarter. United Bank now owns 48,204 shares of the information services provider's stock worth $8,495,000 after acquiring an additional 3,120 shares during the period. Institutional investors own 40.03% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Alphabet in a research note on Tuesday, April 28th. Citigroup reaffirmed an "outperform" rating on shares of Alphabet in a report on Monday, May 4th. HSBC boosted their price target on Alphabet from $385.00 to $435.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Citizens Jmp increased their price target on Alphabet from $385.00 to $515.00 and gave the stock a "market outperform" rating in a research report on Monday, May 4th. Finally, Cantor Fitzgerald raised their price objective on Alphabet from $395.00 to $465.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $407.86.

Insiders Place Their Bets

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total value of $9,877,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,818,524 shares of the company's stock, valued at approximately $856,605,814.08. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 112 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the transaction, the director directly owned 18,418 shares in the company, valued at $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 157,953 shares of company stock valued at $47,767,818 over the last quarter. Company insiders own 11.61% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner, with multiple reports highlighting strong demand for its infrastructure, cloud, and Gemini AI efforts as hyperscalers pour capital into AI. Hyperscalers Now Competing With US Treasury for Capital, Driving Up Government Borrowing Costs
• Positive Sentiment: Alphabet’s stock has been re-rated higher by the market, with analysts and commentators pointing to a stronger valuation profile and improved confidence in its earnings power. Why The Market Is Re-Rating Google Stock
• Positive Sentiment: Alphabet’s Google Pay partnership with Affirm could broaden monetization and make Google’s payments ecosystem more attractive to consumers and merchants. Affirm's Google Deal Aims for Your Wallet (GOOGL)
• Positive Sentiment: Reports say Alphabet is gaining momentum in government AI contracts, which could open a new high-value revenue stream and help diversify away from ads. Why Palantir Suddenly Looks Vulnerable After Google’s Move

Alphabet Trading Down 0.4%

NASDAQ GOOGL opened at $401.07 on Friday. The business's 50-day moving average price is $327.43 and its two-hundred day moving average price is $316.71. 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 capitalization of $4.86 trillion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 1.72 and a beta of 1.26. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $403.70.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, analysts expect that Alphabet Inc. will post 14.29 EPS for the current 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 issued a $0.22 dividend. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

About Alphabet

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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