Seven Post Investment Office LP Invests $1.11 Million in Alphabet Inc. $GOOGL

Key Points

• Seven Post Investment Office LP initiated a new position in Alphabet during the fourth quarter, buying 3,540 shares valued at about $1.11 million. Alphabet now represents roughly 0.4% of the firm’s portfolio and is its 20th-largest holding.
• Alphabet is getting a positive view from Wall Street and the market, with analysts raising price targets and the stock carrying an average “Moderate Buy” rating. The article also notes optimism around Alphabet’s AI, cloud, government contract, and Google Pay/Affirm initiatives.
• The company recently beat earnings expectations, reporting $5.11 EPS versus $2.64 expected on revenue of $109.9 billion, and it increased its quarterly dividend to $0.22 per share. Shares were trading near their 12-month high at $401.07.

Seven Post Investment Office LP bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,540 shares of the information services provider's stock, valued at approximately $1,108,000. Alphabet comprises approximately 0.4% of Seven Post Investment Office LP's holdings, making the stock its 20th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. PMV Capital Advisers LLC bought a new stake in Alphabet in the 4th quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Alphabet during the third quarter worth $53,000. Kentucky Trust Co lifted its holdings 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 buying an additional 100 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Alphabet during the third quarter worth $53,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Alphabet during the third quarter worth $63,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Key Alphabet News

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Royal Bank Of Canada set a $425.00 price objective on shares of Alphabet and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Canaccord Genuity Group lifted their price objective on shares of Alphabet from $415.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Needham & Company LLC lifted their price objective on shares of Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Dbs Bank lifted their price objective on shares of Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Alphabet from $397.00 to $361.00 and set an "overweight" rating for the company in a research note on Thursday, April 2nd. 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $407.86.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the business'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 owned 2,818,524 shares of the company's stock, valued at approximately $856,605,814.08. The trade was a 1.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction on 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 transaction, the insider directly owned 13,227 shares of the company's stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 157,953 shares of company stock worth $47,767,818 in the last three months. Insiders own 11.61% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $401.07 on Friday. The firm has a 50 day moving average of $327.43 and a 200-day moving average of $316.71. The stock has a market capitalization of $4.86 trillion, a PE ratio of 30.59, a PEG ratio of 1.72 and a beta of 1.26. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. 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 issued 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. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. On average, equities research analysts predict that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This is an increase from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's payout ratio 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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