Xponance LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,073,830 shares of the information services provider’s stock after buying an additional 24,976 shares during the quarter. Alphabet accounts for approximately 2.5% of Xponance LLC’s holdings, making the stock its 8th biggest holding. Xponance LLC’s holdings in Alphabet were worth $336,968,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings 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 worth $132,114,125,000 after buying an additional 8,128,234 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Alphabet by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock worth $31,569,189,000 after buying an additional 1,073,151 shares in the last quarter. Norges Bank acquired a new position in Alphabet in the 4th quarter worth $18,093,665,000. Alliancebernstein L.P. raised its stake in shares of 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 in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.
Insider Buying and Selling at Alphabet
In related news, CAO Amie Thuener O’toole sold 617 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. The trade was a 5.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 193,016 shares of company stock worth $17,282,549. 12.99% of the stock is owned by company insiders.
Analysts Set New Price Targets
View Our Latest Report on Alphabet
Alphabet Price Performance
GOOG opened at $356.56 on Friday. The firm has a market cap of $4.32 trillion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 1.51 and a beta of 1.22. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. The company’s 50-day moving average price is $356.44 and its 200 day moving average price is $329.24. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. During the same quarter last year, the company posted $2.81 earnings per share. Alphabet’s revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts expect that Alphabet Inc. will post 14.3 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. Shareholders of record on Monday, June 8th will be issued a $0.22 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s dividend payout ratio is 6.71%.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Waymo is expanding its robotaxi business with a new $29.99 monthly “Waymo Premier” subscription, adding recurring revenue potential and signaling stronger demand in key markets like San Francisco, Los Angeles, and Phoenix. Waymo launches premier subscription tier for $29.99 a month, starting in select cities
- Positive Sentiment: Alphabet’s “Other Bets” got fresh attention as Waymo and Wing showed meaningful progress, reinforcing the view that Alphabet has valuable optionality beyond Search and Cloud. Alphabet’s Most Overlooked Division Just Had a Big Week
- Positive Sentiment: Analysts and market commentary continue to frame Alphabet as an attractive long-term AI stock, helped by its large cash generation and ability to fund major infrastructure spending. Is Alphabet Inc. (GOOGL) One of the Best Forever Stocks to Buy on $85B Capital Raise?
- Positive Sentiment: Alphabet’s recent capital raise was described as credit-positive by Moody’s, suggesting the company still has strong financial flexibility to keep investing in AI and data centers. Is Alphabet Inc. (GOOGL) One of the Best Forever Stocks to Buy on $85B Capital Raise?
- Neutral Sentiment: Alphabet will be represented at the upcoming G7 summit as leaders discuss AI and online safety, keeping the company in the policy spotlight. Tech executives to attend G7 summit as leaders address AI, online safety
- Neutral Sentiment: Alphabet shareholders approved an expanded stock plan and re-elected the board, which is supportive of employee retention but not an immediate operating catalyst. Alphabet Shareholders Approve Stock Plan Expansion, Reelect Board
- Neutral Sentiment: Google’s lawsuit against a Chinese cybercrime group using Gemini highlights AI misuse risks, but also shows Alphabet taking action to protect its platform. Google Sues to Stop Chinese Cybercrime Group from Using Its A.I.
- Negative Sentiment: Investors remain concerned about rising capex and whether Alphabet can monetize AI fast enough to justify the spending spree, which has weighed on sentiment. Alphabet (GOOG) Slipped on Concerns Over Increased Capex and AI Monetization
- Negative Sentiment: Alphabet also faced fresh negative headlines around Google’s AI Overview and a separate youth-addiction lawsuit, which could add regulatory and reputational pressure. Google Stock Drops as AI Overview Faces Fresh Controversy
Alphabet Company Profile
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.
Recommended Stories
- Five stocks we like better than Alphabet
- Build On a Strong Earnings Season With These 3 ETFs
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
