Altimeter Capital Management LP Purchases 206,158 Shares of Alphabet Inc. $GOOGL

Altimeter Capital Management LP lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 65.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 519,290 shares of the information services provider’s stock after acquiring an additional 206,158 shares during the quarter. Alphabet comprises approximately 2.4% of Altimeter Capital Management LP’s portfolio, making the stock its 11th largest holding. Altimeter Capital Management LP’s holdings in Alphabet were worth $162,538,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. 14B Captial Management LP bought a new stake in shares of Alphabet in the 4th quarter worth $626,000. 9823 Capital L.P. bought a new stake in shares of Alphabet in the 4th quarter worth $478,000. Redwood Park Advisors LLC grew its stake in shares of Alphabet by 5.4% in the 4th quarter. Redwood Park Advisors LLC now owns 902 shares of the information services provider’s stock worth $282,000 after acquiring an additional 46 shares in the last quarter. Freestone Grove Partners LP purchased a new position in shares of Alphabet in the 4th quarter worth about $84,365,000. Finally, Caisse de depot et placement du Quebec boosted its holdings in shares of Alphabet by 15.5% in the 4th quarter. Caisse de depot et placement du Quebec now owns 6,235,987 shares of the information services provider’s stock worth $1,951,864,000 after buying an additional 835,985 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 617 shares of the company’s 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 directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the transaction, the director owned 18,721 shares in the company, valued at approximately $7,132,701. This trade represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 159,466 shares of company stock valued at $6,957,543. Company insiders own 11.61% of the company’s stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $363.79 on Thursday. The company has a market cap of $4.41 trillion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23. Alphabet Inc. has a 52 week low of $162.00 and a 52 week high of $408.61. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm’s 50-day simple moving average is $364.75 and its two-hundred day simple moving average is $331.35.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data 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. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Research analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was 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 payout ratio is currently 6.71%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud is gaining momentum, with HSBC announcing a multi-year partnership to expand its AI usage on Google Cloud, and another AI startup, Ineffable Intelligence, choosing Google Cloud as its preferred infrastructure partner. These deals reinforce Alphabet’s position in enterprise AI and cloud growth. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google also unveiled a new Gemini-powered Google Home Speaker and broader Android 17/Gemini updates, highlighting continued product rollout across consumer devices and AI features that could support ecosystem engagement over time. Google bets on Gemini to reinvent the smart home speaker
• Positive Sentiment: At the G7, Google DeepMind’s Demis Hassabis joined other AI leaders in calling for a U.S.-led AI coalition, underscoring Alphabet’s influence in shaping the AI industry and keeping Google front and center in policy discussions. CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
• Neutral Sentiment: Analysts and commentary pieces remain mixed, with some still bullish on Alphabet’s AI and cloud growth while others warn that heavy capital spending, competition, and a stretched valuation could limit upside near term. Alphabet Drops 6% in a Month: Buy, Sell, or Hold the GOOGL Stock?
• Negative Sentiment: Alphabet faces fresh regulatory pressure in the U.K., where the competition watchdog set conduct requirements for Google Search to increase fairness and transparency in ranking results. That adds to worries about search monetization and long-term control over its core business. UK regulator sets out conduct requirements for Google’s search services

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GOOGL shares. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, May 20th. KeyCorp reissued an “overweight” rating and issued a $425.00 price target on shares of Alphabet in a report on Wednesday, May 20th. Truist Financial set a $430.00 price target on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, May 29th. Wells Fargo & Company reissued an “overweight” rating and issued a $435.00 price target (up from $427.00) on shares of Alphabet in a report on Wednesday, May 20th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $393.00 price target on shares of Alphabet in a report on Thursday, May 21st. Two 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $413.13.

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.