PDS Planning Inc Acquires 3,207 Shares of Alphabet Inc. $GOOGL

Key Points

• PDS Planning Inc raised its stake in Alphabet (GOOGL) by 8.2%, buying 3,207 shares to hold 42,353 shares worth $13.256 million, about 0.9% of its portfolio and its 28th largest position.
• Insiders sold a combined 191,986 shares valued at $59.16 million over the past three months, including John Kent Walker (47,574 shares for ~$14.34M) and CEO Sundar Pichai (32,500 shares for ~$10.89M), while insiders still own 11.64% of the company.
• Alphabet beat Q1 expectations with EPS of $5.11 versus $2.64 and revenue of $109.9B, driven by Google Cloud (~63% growth), which spurred multiple analyst price-target raises and a raised quarterly dividend to $0.22.

PDS Planning Inc raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,353 shares of the information services provider's stock after purchasing an additional 3,207 shares during the quarter. Alphabet makes up about 0.9% of PDS Planning Inc's investment portfolio, making the stock its 28th largest position. PDS Planning Inc's holdings in Alphabet were worth $13,256,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GOOGL. PMV Capital Advisers LLC bought a new stake in shares of Alphabet during the fourth quarter worth $38,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Alphabet during the third quarter worth $53,000. iSAM Funds UK Ltd bought a new stake in shares of Alphabet during the third quarter worth $53,000. Kentucky Trust Co raised its position in shares of Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after acquiring an additional 100 shares during the last quarter. Finally, Sellwood Investment Partners LLC bought a new stake in shares of Alphabet during the third quarter worth $63,000. Institutional investors own 40.03% of the company's stock.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares of the company's stock, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $335.18, for a total value of $10,893,350.00. Following the completion of the transaction, the chief executive officer directly owned 2,179,372 shares of the company's stock, valued at approximately $730,481,906.96. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 191,986 shares of company stock valued at $59,159,207 in the last three months. Insiders own 11.64% of the company's stock.

Alphabet Stock Up 0.2%

Shares of Alphabet stock opened at $385.69 on Friday. The company has a quick ratio of 2.01, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $147.84 and a 12 month high of $386.76. The business has a fifty day simple moving average of $313.72 and a 200 day simple moving average of $307.81. The stock has a market cap of $4.67 trillion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Research analysts predict that Alphabet Inc. will post 11.62 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's payout ratio is presently 6.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group boosted their target price on Alphabet from $415.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday. Roth Mkm restated a "buy" rating on shares of Alphabet in a research report on Thursday. Mizuho boosted their target price on Alphabet from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Friday, April 10th. Barclays reaffirmed an "overweight" rating and set a $405.00 price objective (up from $360.00) on shares of Alphabet in a research note on Thursday. Finally, Loop Capital lifted their price objective on Alphabet from $320.00 to $355.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Alphabet has an average rating of "Moderate Buy" and a consensus price target of $397.48.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

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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