ZEGA Investments LLC Purchases 4,749 Shares of Alphabet Inc. $GOOGL

Key Points

• ZEGA Investments LLC increased its stake in Alphabet (GOOGL) by 39.4% in Q4, buying 4,749 shares to hold 16,788 shares valued at about $5.255 million, making it Alphabet's 19th-largest position (≈0.6% of ZEGA's holdings).
• Alphabet reported strong Q1 results, beating EPS and revenue (EPS $5.11 vs $2.64 est.) with Google Cloud up ~63% to >$20B, spurring multiple analyst upgrades and an average price target near $397.48.
• Alphabet raised its quarterly dividend to $0.22 (annualized $0.88), producing a roughly 0.2% yield with an ex‑dividend/record date in June.

ZEGA Investments LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 39.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,788 shares of the information services provider's stock after buying an additional 4,749 shares during the quarter. Alphabet comprises approximately 0.6% of ZEGA Investments LLC's holdings, making the stock its 19th biggest position. ZEGA Investments LLC's holdings in Alphabet were worth $5,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PMV Capital Advisers LLC bought a new position in shares of Alphabet in the fourth quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in Alphabet during the third quarter worth $53,000. Kentucky Trust Co boosted its position in 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 purchasing an additional 100 shares during the period. iSAM Funds UK Ltd bought a new position in Alphabet during the third quarter worth $53,000. Finally, Sellwood Investment Partners LLC bought a new position in Alphabet during the third quarter worth $63,000. 40.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on GOOGL shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Alphabet in a research report on Tuesday, April 28th. Pivotal Research lifted their price objective on shares of Alphabet from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Piper Sandler reaffirmed an "overweight" rating and set a $425.00 price objective (up from $395.00) on shares of Alphabet in a research report on Thursday. Wolfe Research reduced their price objective on shares of Alphabet from $390.00 to $360.00 and set an "outperform" rating for the company in a research report on Friday, April 10th. Finally, Barclays reaffirmed an "overweight" rating and set a $405.00 price objective (up from $360.00) on shares of Alphabet in a research report on Thursday. 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $397.48.

Alphabet News Roundup

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

Insider Buying and Selling

In related news, Director Frances Arnold sold 102 shares of the business's 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 completion of the transaction, the director owned 18,621 shares of the company's stock, valued at $6,908,391. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the transaction, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 191,053 shares of company stock valued at $58,845,206 in the last 90 days. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

Shares of Alphabet stock opened at $385.69 on Monday. The firm has a 50-day moving average of $313.72 and a 200-day moving average of $308.70. The stock has a market cap of $4.67 trillion, a PE ratio of 29.42, a PEG ratio of 1.80 and a beta of 1.26. Alphabet Inc. has a 52-week low of $147.84 and a 52-week high of $386.76. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, sell-side analysts forecast that Alphabet Inc. will post 12.94 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced 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 of this dividend is Monday, June 8th. This is a boost 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 6.41%.

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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