Rainier Family Wealth Inc. Boosts Holdings in Alphabet Inc. $GOOGL

Key Points

• Rainier Family Wealth Inc. increased its Alphabet stake by 17% in the first quarter, buying 2,225 more shares and bringing its total to 15,308 shares worth about $4.4 million. Alphabet is now its 8th-largest holding and represents 3.0% of the portfolio.
• Wall Street sentiment on Alphabet remains broadly positive, with multiple analysts reiterating or raising buy ratings and a consensus price target of $413.13. The article notes 49 analysts total are bullish or neutral, including two Strong Buys and 47 Buys.
• Alphabet recently topped quarterly earnings expectations, posting $5.11 EPS versus the $2.64 estimate on revenue of $109.9 billion. The company also raised its dividend slightly to $0.22 per share, though insider selling and renewed concerns about AI talent departures were highlighted as mixed signals.

Rainier Family Wealth Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 17.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,308 shares of the information services provider's stock after buying an additional 2,225 shares during the period. Alphabet makes up 3.0% of Rainier Family Wealth Inc.'s investment portfolio, making the stock its 8th biggest holding. Rainier Family Wealth Inc.'s holdings in Alphabet were worth $4,402,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet in the 4th quarter worth approximately $32,000. EMC Capital Management bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $33,000. PMV Capital Advisers LLC acquired a new position in shares of Alphabet in the fourth quarter valued at $38,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at $38,000. Finally, Bard Associates Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at $52,000. Institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GOOGL shares. New Street Research lifted their price target on shares of Alphabet from $450.00 to $455.00 and gave the stock a "buy" rating in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Alphabet in a report on Tuesday, April 28th. President Capital lifted their target price on shares of Alphabet from $375.00 to $465.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Robert W. Baird lifted their price objective on Alphabet from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. Finally, Guggenheim reiterated a "buy" rating and issued a $450.00 price objective (up from $375.00) on shares of Alphabet 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, the company has a consensus rating of "Moderate Buy" and an average price target of $413.13.

Insider Activity

In related news, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the company's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares of the company's stock, valued at $7,132,701. The trade was a 0.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 151,523 shares of company stock worth $4,863,526 over the last quarter. 11.61% of the stock is owned by insiders.

Alphabet Stock Down 1.8%

NASDAQ:GOOGL opened at $337.39 on Friday. The stock's fifty day simple moving average is $368.94 and its 200-day simple moving average is $332.88. The firm has a market capitalization of $4.09 trillion, a P/E ratio of 25.74, a P/E/G ratio of 1.47 and a beta of 1.23. 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 Inc. has a 12-month low of $171.73 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Equities research analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is 6.71%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Some analysts remain constructive on Alphabet’s growth outlook, pointing to rising advertising revenue and AI-driven ad tools as support for further upside. Alphabet Benefits From Rising Advertising Revenues: More Upside Ahead?
• Positive Sentiment: Reports that Alphabet is joining the Dow were viewed as a sign of prestige and long-term institutional support for the stock. Google Parent Alphabet Is Joining the Dow. Time to Buy?
• Positive Sentiment: Apple is reportedly paying Alphabet about $1 billion a year to use Gemini in Siri, highlighting another monetization path for Google’s AI platform even if the deal is smaller than Google’s search-payment arrangement with Apple. Apple Is Paying Google $1 Billion a Year for AI. Here's Who the Real Winner Is.
• Neutral Sentiment: Wedbush said the recent sell-off in major AI names looks more like short-term investor impatience than a breakdown in the AI trade, suggesting the broader pullback may be a buying opportunity. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
• Neutral Sentiment: Google Finance launched a new app and upgraded portfolio-tracking features, which improve the product offering but are unlikely to move the stock on their own. Google Finance Debuts App and Investment Tracking Capabilities
• Negative Sentiment: Alphabet is facing renewed concern over AI talent departures, including reports of senior researchers leaving for rivals such as Anthropic and OpenAI, which raises questions about execution in Gemini and its broader AI strategy. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Google is also drawing criticism for tougher negotiations with publishers over AI content access, potentially worsening relations with media partners already seeing traffic declines from AI search changes. Google looks to bleed publishers with new AI partnerships that would cull their content
• Negative Sentiment: Multiple reports say AI-focused stocks, including Alphabet, are under pressure as investors question whether the “all-in on AI” trade has gone too far in the near term. PLTR, GOOG and MSFT Forecasts – AI Names Struggling at the Moment

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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