Tiff Advisory Services LLC Takes $11.53 Million Position in Alphabet Inc. $GOOG

Key Points

• Tiff Advisory Services LLC opened a new position in Alphabet, buying 36,735 shares worth about $11.53 million. The stake makes up roughly 2.0% of its portfolio and is its 11th-largest holding.
• Alphabet’s latest quarter was strong, with EPS of $5.11 versus estimates of $2.68 and revenue of $109.9 billion, up 21.8% year over year. The company also raised its quarterly dividend to $0.22 per share from $0.21.
• Wall Street remains broadly positive on GOOG, with an average Buy rating and a consensus target price of about $376. Recent news is mixed, however, as investors weigh upbeat AI-related enthusiasm against concerns over Alphabet’s planned $80 billion AI capital raise and potential EU cloud restrictions.

Tiff Advisory Services LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 36,735 shares of the information services provider's stock, valued at approximately $11,527,000. Alphabet makes up approximately 2.0% of Tiff Advisory Services LLC's portfolio, making the stock its 11th largest holding.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Alphabet by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock valued at $132,114,125,000 after purchasing an additional 8,128,234 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Alphabet by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after purchasing an additional 7,904,434 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Alphabet by 5.8% in the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock valued at $9,749,864,000 after purchasing an additional 2,209,203 shares during the last quarter. Legal & General Group Plc lifted its stake in Alphabet by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider's stock valued at $7,935,671,000 after purchasing an additional 223,743 shares during the last quarter. Finally, Capital World Investors lifted its stake in Alphabet by 1.9% in the 3rd quarter. Capital World Investors now owns 28,625,464 shares of the information services provider's stock valued at $6,971,769,000 after purchasing an additional 539,679 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s $10 billion commitment to Alphabet’s stock sale is a notable endorsement and suggests confidence in the company’s AI strategy. Berkshire invests extra $10 billion in Alphabet, deepening bet on AI
• Positive Sentiment: Analysts said Google may be a key beneficiary of AI search adoption, reinforcing the view that Alphabet can defend its core search business even as competition in AI intensifies. Google Is the Clear Beneficiary,” Says Top Analyst as AI Search Takes Off
• Neutral Sentiment: Alphabet’s indirect exposure to private AI names such as Anthropic and SpaceX could provide long-term upside, but this is more of an optionality story than an immediate catalyst. Alphabet Stock Offers Exposure To SpaceX, Anthropic Before IPOs: What That Means For Investors
• Negative Sentiment: The $80 billion capital raise may weigh on the stock because it implies major AI spending needs and potential dilution for existing shareholders. Alphabet plans to raise $80 billion to pay for AI buildout
• Negative Sentiment: Reuters reported the EU may tighten cloud procurement rules in a way that could limit Google’s access to some strategic government contracts in Europe. EU cloud rules to curb Amazon, Google access to strategic tenders

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on GOOG shares. Piper Sandler reiterated an "overweight" rating and issued a $395.00 target price on shares of Alphabet in a research note on Thursday, February 5th. TD Cowen reiterated a "buy" rating on shares of Alphabet in a research note on Thursday, May 21st. The Goldman Sachs Group reiterated a "buy" rating and issued a $450.00 target price on shares of Alphabet in a research note on Thursday, May 21st. Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a research note on Wednesday, May 20th. Finally, UBS Group reiterated a "neutral" rating and issued a $348.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $376.00.

Alphabet Stock Down 1.0%

NASDAQ GOOG opened at $372.58 on Tuesday. 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 1-year low of $163.33 and a 1-year high of $404.47. The company has a 50 day moving average of $344.61 and a 200-day moving average of $325.11. The company has a market cap of $4.51 trillion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.61 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $2.43. 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 the consensus estimate of $106.96 billion. During the same period in the previous year, the business earned $2.81 earnings per share. The firm's quarterly revenue was up 21.8% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 14.29 earnings per share 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 given a $0.22 dividend. The ex-dividend date 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 dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is presently 6.71%.

Insider Buying and Selling

In other news, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider directly owned 51,808 shares in the company, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the sale, the director owned 2,531 shares of the company's stock, valued at approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 225,516 shares of company stock valued at $27,142,399 in the last quarter. Corporate insiders own 12.99% of the company's stock.

About Alphabet

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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