Stevens Capital Partners Has $1.96 Million Position in Alphabet Inc. $GOOGL

Key Points

• Stevens Capital Partners increased its stake in Alphabet by 101.8% in Q4 and now owns 6,269 shares worth about $1.96 million.
• Alphabet beat Q1 expectations with EPS of $5.11 versus $2.64 estimated and revenue of $109.9B, prompting several analyst price-target raises and a MarketBeat consensus rating of "Moderate Buy" with a target of about $406.71.
• Alphabet raised its quarterly dividend to $0.22 (annualized $0.88) payable June 15, implying a yield of roughly 0.2% and an ex-dividend date of June 8.

Stevens Capital Partners raised its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 101.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,269 shares of the information services provider's stock after acquiring an additional 3,163 shares during the quarter. Stevens Capital Partners' holdings in Alphabet were worth $1,962,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. PMV Capital Advisers LLC bought a new position in shares of Alphabet in the 4th quarter worth $38,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Alphabet in the third quarter valued at about $53,000. Kentucky Trust Co increased its holdings in Alphabet by 142.9% in the fourth 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 during the last quarter. iSAM Funds UK Ltd acquired a new position in Alphabet in the third quarter valued at about $53,000. Finally, Sellwood Investment Partners LLC acquired a new position in Alphabet in the third quarter valued at about $63,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GOOGL. Evercore boosted their target price on Alphabet from $400.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Dbs Bank increased their price target on shares of Alphabet from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Mizuho lifted their price objective on shares of Alphabet from $420.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday. Guggenheim restated a "buy" rating and set a $450.00 price objective (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, KeyCorp set a $425.00 target price on shares of Alphabet and gave the company an "overweight" rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $406.71.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Huge Q1 beat and cash generation — Alphabet reported blockbuster Q1 results and large net income, highlighting strong Search and AI-driven revenue that underpins recent multiple expansion and investor confidence. It Takes Meta Almost 9 Minutes...
• Positive Sentiment: Analyst upgrades lift sentiment — Mizuho raised its price target to $460 (outperform) and other shops have pushed targets higher, reinforcing buy-side momentum after the earnings beat. Alphabet Given New $460.00 Price Target at Mizuho
• Positive Sentiment: New consumer products and recurring revenue — Google rebranded Fitbit to Google Health, launched a $9.99/month AI health coach (May 19) and unveiled the Fitbit Air wearable; subscription services could add predictable ARPU. Google's $9.99-per-month AI health coach...
• Positive Sentiment: Market leadership narrative — Coverage notes Alphabet closing the gap on Nvidia for the world's largest market cap, a bullish signal that may attract momentum and index flows. Alphabet Is About to Overtake Nvidia...
• Neutral Sentiment: Hiring and process changes — Google is piloting AI-assisted software-engineer interviews and exploring personal AI agents (Remy), which could improve hiring throughput but raise operational and fairness questions. Google plans to let software engineers...
• Neutral Sentiment: R&D and partnerships — DeepMind has taken a minority stake to train models on the EVE Online environment and Google continues investing in personal AI agents; long-term upside but near-term costs remain. Google DeepMind Will Train AI Models...
• Negative Sentiment: Regulatory/legal risk in EU news case — Google proposed changes to search news displays to avoid further EU fines, highlighting ongoing exposure to large competition penalties that could hit earnings or require product changes. Google moves to avert EU fines...
• Negative Sentiment: UK display-ads legal claim — A £3bn collective claim alleging monopolization of display ads introduces another material legal overhang that could pressure valuation until resolved. Google facing £3bn legal claim...

Alphabet Price Performance

NASDAQ GOOGL opened at $397.99 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market cap of $4.81 trillion, a price-to-earnings ratio of 30.36, a PEG ratio of 1.66 and a beta of 1.26. The business has a 50 day simple moving average of $318.66 and a 200 day simple moving average of $311.72. Alphabet Inc. has a 52-week low of $152.20 and a 52-week high of $400.10.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Analysts anticipate that Alphabet Inc. will post 14.01 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. Investors of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 6.41%.

Insiders Place Their Bets

In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 102 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $371.00, for a total value of $37,842.00. Following the transaction, the director owned 18,621 shares of the company's stock, valued at approximately $6,908,391. This trade represents a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 158,553 shares of company stock worth $47,951,856 in the last ninety days. 11.61% of the stock is owned by insiders.

Alphabet Company 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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