DSM Capital Partners LLC Decreases Position in Alphabet Inc. $GOOGL

DSM Capital Partners LLC lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,761,877 shares of the information services provider’s stock after selling 190,699 shares during the quarter. Alphabet accounts for approximately 9.0% of DSM Capital Partners LLC’s portfolio, making the stock its 3rd largest holding. DSM Capital Partners LLC’s holdings in Alphabet were worth $506,645,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GOOGL. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet in the 4th quarter valued at about $32,000. EMC Capital Management purchased a new position in Alphabet in the 4th quarter worth approximately $33,000. PMV Capital Advisers LLC purchased a new position in Alphabet in the 4th quarter worth approximately $38,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Finally, Bard Associates Inc. purchased a new position in shares of Alphabet in the fourth quarter valued at about $52,000. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Down 2.2%

Alphabet stock opened at $346.77 on Friday. The firm has a market cap of $4.20 trillion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.49 and a beta of 1.24. The stock has a fifty day simple moving average of $368.89 and a two-hundred day simple moving average of $337.97. Alphabet Inc. has a 12 month low of $183.71 and a 12 month high of $408.61. 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 (NASDAQ:GOOGL) last announced its quarterly 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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Equities analysts predict that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.3%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GOOGL shares. Wall Street Zen upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research note on Wednesday, June 3rd. Royal Bank Of Canada set a $425.00 price target on shares of Alphabet and gave the company an “outperform” rating in a report on Thursday, April 30th. China Renaissance boosted their price objective on shares of Alphabet from $400.00 to $485.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $393.00 price target on shares of Alphabet in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $414.11.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

Insider Activity

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 159,415 shares of company stock worth $7,672,279. 11.61% of the stock is owned by corporate insiders.

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.