Styrax Capital LP Makes New $88.14 Million Investment in Alphabet Inc. $GOOGL

Styrax Capital LP purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, Holdings Channel reports. The fund purchased 281,589 shares of the information services provider’s stock, valued at approximately $88,137,000. Alphabet comprises approximately 6.8% of Styrax Capital LP’s portfolio, making the stock its 6th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOGL. PMV Capital Advisers LLC bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $38,000. Bard Associates Inc. bought a new stake in shares of Alphabet during the fourth quarter valued at approximately $52,000. Kentucky Trust Co raised its stake in shares of Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 100 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in shares of Alphabet during the third quarter valued at approximately $53,000. Institutional investors own 40.03% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: HSBC announced a multi-year partnership with Google Cloud to expand its AI capabilities, highlighting Alphabet’s growing role in enterprise AI and financial services. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google Cloud also won a strategic partnership with Ineffable Intelligence, which chose Google’s infrastructure to power a new frontier AI lab, further validating Alphabet’s cloud AI positioning. Ineffable Intelligence Selects Google Cloud To Power Its Superintelligence Mission
• Positive Sentiment: Google rolled out Android 17 and expanded Gemini-related features, including new AI tools for Pixel devices, underscoring continued product momentum in its consumer ecosystem. Android 17 launches with new multitasking tools as Google expands Gemini features
• Neutral Sentiment: Google and other frontier AI leaders are attending the G7, keeping Alphabet in the global AI policy conversation, though the event is more about strategic positioning than immediate fundamentals. ‘A signal of where power sits’: Trump and world leaders joined by OpenAI, Anthropic, Google at G7
• Neutral Sentiment: Reuters reported that the UK regulator outlined conduct requirements for Google Search, which could add oversight in a key market but did not signal a major enforcement action. UK regulator sets out conduct requirements for Google’s search services
• Negative Sentiment: Google’s legal and reputational risks remain in focus after reports of a lawsuit targeting AI-powered scam networks and criticism of the company in public settings, which can temper sentiment even as the core business stays strong. AI Scam Surge Prompts Google to File Lawsuit

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $390.00 price target (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. The Goldman Sachs Group lifted their price target on shares of Alphabet from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley lifted their price target on shares of Alphabet from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, April 28th. Finally, Daiwa Securities Group boosted their price objective on shares of Alphabet from $380.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

Alphabet Trading Up 1.1%

GOOGL opened at $373.25 on Wednesday. The firm has a market cap of $4.52 trillion, a price-to-earnings ratio of 28.47, a PEG ratio of 1.58 and a beta of 1.23. 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 has a fifty day moving average price of $363.48 and a 200-day moving average price of $331.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results 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. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, equities research analysts anticipate that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 617 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the transaction, the director directly owned 2,531 shares in the company, 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. In the last 90 days, insiders sold 159,466 shares of company stock valued at $6,957,543. Corporate insiders own 11.61% of the company’s stock.

About Alphabet

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.