Osprey Private Wealth LLC Acquires 2,416 Shares of Alphabet Inc. $GOOGL

Key Points

• Osprey Private Wealth LLC increased its Alphabet stake by 17.2% in Q4, buying 2,416 more shares and bringing its total holdings to 16,471 shares worth about $5.16 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 and revenue of $109.9 billion, both ahead of Wall Street expectations. Analysts now expect full-year earnings of $14.29 per share.
• The company raised its quarterly dividend to $0.22 per share from $0.21, while recent headlines highlighted both positives like Google Cloud’s AI partnership and Waymo’s robotaxi rollout, and negatives including DOJ scrutiny over an insider trading charge involving a Google engineer.

Osprey Private Wealth LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,471 shares of the information services provider's stock after purchasing an additional 2,416 shares during the period. Alphabet accounts for about 1.5% of Osprey Private Wealth LLC's portfolio, making the stock its 25th biggest position. Osprey Private Wealth LLC's holdings in Alphabet were worth $5,155,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PMV Capital Advisers LLC bought a new stake in shares of Alphabet during the 4th quarter valued at about $38,000. Kentucky Trust Co boosted its position in shares of Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after purchasing an additional 100 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Alphabet during the 3rd quarter valued at about $53,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Alphabet during the 3rd quarter valued at about $53,000. Finally, Nvest Wealth Strategies Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at about $69,000. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $390.13 on Friday. The company has a market cap of $4.73 trillion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26. Alphabet Inc. has a 52 week low of $162.00 and a 52 week high of $408.61. The business has a 50 day moving average price of $344.32 and a 200-day moving average price of $324.52. The company has a quick ratio of 1.92, a current ratio of 1.92 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, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Equities analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud announced a partnership with Swedish private equity firm EQT to help more than 300 portfolio companies accelerate AI adoption, reinforcing Google Cloud’s enterprise AI momentum. Reuters: Private equity firm EQT partners with Google Cloud for AI rollout
• Positive Sentiment: Waymo, Alphabet’s self-driving unit, began opening its new Ojai robotaxi to select riders; the vehicle is designed to be cheaper to manufacture and lower fleet-expansion costs, which could improve the long-term economics of the business. CNBC: Waymo opens Ojai robotaxis to select riders
• Positive Sentiment: Cantor Fitzgerald reportedly reiterated a bullish view on Alphabet Class A shares, adding to the case that investors still see upside in the company’s core businesses and AI initiatives.
• Neutral Sentiment: Alphabet is testing Gemini-powered Search ad formats, including conversational discovery and highlighted answers, which could eventually boost monetization but is still in the early rollout phase. Yahoo Finance: GOOGL's Innovative Ad Format to Boost Search Growth
• Neutral Sentiment: Several pieces focused on Alphabet’s stock valuation and technical setup, including commentary suggesting support near current levels and possible upside toward $400, but these are market opinions rather than new fundamentals. Finbold: Google stock is guaranteed to hit $400...
• Negative Sentiment: The U.S. Justice Department charged a Google software engineer with insider trading tied to Polymarket bets, which adds reputational noise and could keep scrutiny on Alphabet’s internal controls and compliance culture. Reuters: US charges Google engineer with insider trading on Polymarket
• Negative Sentiment: Competitor commentary, including DuckDuckGo’s criticism of Google’s AI search overhaul and claims that some users are switching away, highlights ongoing competitive and antitrust pressure on Alphabet’s Search franchise. Yahoo Finance: 'It's Time To Fire Google,' Urges Alphabet's Search Engine Rival

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 226,481 shares of company stock valued at $27,422,061. Corporate insiders own 11.61% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on GOOGL shares. Morgan Stanley upped their price target on Alphabet from $330.00 to $375.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Daiwa Securities Group upped their price target on Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Freedom Capital downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $450.00 price target on shares of Alphabet in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $412.65.

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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