Themes Management Co LLC Makes New Investment in Alphabet Inc. $GOOGL

Themes Management Co LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,135 shares of the information services provider’s stock, valued at approximately $1,607,000. Alphabet makes up approximately 1.2% of Themes Management Co LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other large investors have also added to or reduced their stakes in GOOGL. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet during the 4th quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Alphabet during the 3rd quarter valued at about $53,000. Kentucky Trust Co raised its stake 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 buying an additional 100 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in Alphabet in the third quarter valued at about $53,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the fourth quarter valued at about $69,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s long-term AI opportunity remains a major bullish theme, with analysts arguing the company’s heavy investment could support future revenue growth and strengthen its competitive position in search, cloud, and AI. Alphabet: CapEx Pressure Is Real, But The Long-Term AI Opportunity Is Bigger
• Positive Sentiment: Alphabet continues to benefit from broader AI enthusiasm, including reports that Apple is turning to Google for help with its AI overhaul and that Google’s cloud and AI capabilities are being tied to major customer wins and partnerships. Apple tries again on AI, turns to Google for help
• Positive Sentiment: Waymo remains a strategic asset for Alphabet, with new robotaxi-related developments highlighting the unit’s leadership in autonomous driving and potential to unlock long-term value. Uber, Wayve and Waymo are headed towards a robotaxi showdown in London
• Neutral Sentiment: Alphabet is drawing investor attention after its latest earnings results showed strong quarterly performance, including earnings and revenue that beat expectations, which helps support the stock’s long-term valuation. Alphabet Inc. (GOOGL) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Alphabet’s dividend and other capital-return details are also getting attention, but these are unlikely to be the main driver of the stock’s move today. Google to pay dividends next week; Here’s how much 100 GOOGL shares will earn
• Negative Sentiment: Shares are sliding because investors appear worried that Alphabet’s expanding AI spending could pressure margins and require more capital than expected before those investments pay off. What’s Going On With Alphabet Stock?
• Negative Sentiment: Recent market-wide volatility has also weighed on megacap tech stocks, adding to the weakness in Alphabet despite the company’s long-term AI story. Alphabet (GOOGL) Stock Slides as Market Rises: Facts to Know Before You Trade

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 193,016 shares of company stock worth $17,282,549. Insiders own 11.61% of the company’s stock.

Alphabet Trading Down 1.4%

Alphabet stock opened at $363.31 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 12 month low of $162.00 and a 12 month high of $408.61. The stock’s 50 day simple moving average is $354.35 and its two-hundred day simple moving average is $328.67. The firm has a market cap of $4.40 trillion, a PE ratio of 27.71, a P/E/G ratio of 1.58 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping 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 business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Analysts anticipate that Alphabet Inc. will post 14.29 earnings per share 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 dividend of $0.22 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date 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 6.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GOOGL shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research note on Monday, May 4th. Needham & Company LLC restated a “buy” rating and set a $450.00 price objective on shares of Alphabet in a report on Wednesday, June 3rd. Cantor Fitzgerald upped their price objective on shares of Alphabet from $395.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Royal Bank Of Canada set a $425.00 price objective on shares of Alphabet and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, Piper Sandler restated an “overweight” rating and set a $445.00 price objective (up from $425.00) on shares of Alphabet in a report on Monday, June 1st. Two investment 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 stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $413.13.

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.