Alphabet Inc. $GOOGL Holdings Reduced by Alexander Randolph Advisory Inc.

Alexander Randolph Advisory Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 32.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,245 shares of the information services provider’s stock after selling 6,879 shares during the quarter. Alphabet accounts for 3.7% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 6th largest position. Alexander Randolph Advisory Inc.’s holdings in Alphabet were worth $4,459,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Symmetry Partners LLC boosted its position in shares of Alphabet by 0.4% during the 4th quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider’s stock valued at $2,476,000 after acquiring an additional 30 shares during the last quarter. Members Trust Co increased its position in Alphabet by 0.5% during the fourth quarter. Members Trust Co now owns 6,434 shares of the information services provider’s stock worth $2,014,000 after purchasing an additional 31 shares during the last quarter. Altfest L J & Co. Inc. raised its stake in Alphabet by 0.4% during the fourth quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider’s stock worth $2,489,000 after purchasing an additional 31 shares during the period. Insight 2811 Inc. raised its stake in Alphabet by 1.0% during the fourth quarter. Insight 2811 Inc. now owns 3,124 shares of the information services provider’s stock worth $978,000 after purchasing an additional 32 shares during the period. Finally, LJI Wealth Management LLC boosted its holdings in Alphabet by 0.4% in the 4th quarter. LJI Wealth Management LLC now owns 7,265 shares of the information services provider’s stock valued at $2,274,000 after purchasing an additional 32 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

Shares of GOOGL stock opened at $376.37 on Tuesday. 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 Inc. has a 52 week low of $162.00 and a 52 week high of $408.61. The stock has a market capitalization of $4.56 trillion, a PE ratio of 28.71, a P/E/G ratio of 1.63 and a beta of 1.26. The firm has a 50 day moving average of $347.16 and a two-hundred day moving average of $325.75.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion for 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%. On average, research analysts predict that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is presently 6.71%.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 617 shares of Alphabet stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares of the company’s stock, valued at $2,923,235.59. The trade was a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 225,516 shares of company stock worth $27,142,399 over the last quarter. 11.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GOOGL. Needham & Company LLC restated a “buy” rating and set a $450.00 price target on shares of Alphabet in a report on Wednesday, May 20th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a report on Monday, May 4th. KeyCorp reiterated an “overweight” rating and issued a $425.00 price objective on shares of Alphabet in a research report on Wednesday, May 20th. Oppenheimer raised their target price on Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Citigroup restated an “outperform” rating on shares of Alphabet in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $413.33.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s $10 billion commitment gives Alphabet a high-profile endorsement and suggests long-term confidence in the company’s AI and cloud strategy. Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
• Positive Sentiment: Alphabet’s ownership stakes in major private AI companies like SpaceX and Anthropic could provide hidden upside if those firms eventually go public. Alphabet Stock Offers Exposure To SpaceX, Anthropic Before IPOs: What That Means For Investors
• Neutral Sentiment: Coverage of Alphabet’s expanding AI coding, hardware, and consumer-device strategy underscores the company’s push to compete more aggressively, but it does not appear to be the immediate stock-moving catalyst today. Microsoft and Google are late to AI coding, but ‘absolutely critical’ they compete for growth
• Negative Sentiment: Alphabet’s proposed $80 billion capital raise is raising dilution concerns and signaling much heavier near-term AI capex, which is pressuring the shares. Exclusive: EU cloud rules to curb Amazon, Google access to strategic tenders, draft document shows
• Negative Sentiment: Reports that EU cloud rules could restrict Google’s access to strategic government tenders add another regulatory overhang for the company’s cloud business. Alphabet to raise $80 billion in equity capital for AI spending

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.