Beck Bode LLC Makes New Investment in Alphabet Inc. $GOOG

Beck Bode LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,461 shares of the information services provider’s stock, valued at approximately $1,400,000.

A number of other institutional investors have also recently bought and sold shares of the business. Coldstream Capital Management Inc. boosted its stake in shares of Alphabet by 5.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 164,788 shares of the information services provider’s stock valued at $51,711,000 after purchasing an additional 8,456 shares in the last quarter. Pathfinder Wealth Consulting Inc. acquired a new stake in shares of Alphabet in the 4th quarter valued at $924,000. Carroll Advisory Group LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at $535,000. Buckhead Capital Management LLC boosted its stake in shares of Alphabet by 6.9% in the 4th quarter. Buckhead Capital Management LLC now owns 12,875 shares of the information services provider’s stock valued at $4,040,000 after purchasing an additional 830 shares in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in shares of Alphabet by 3.1% in the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 27,151 shares of the information services provider’s stock valued at $8,520,000 after purchasing an additional 817 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GOOG shares. Wedbush reaffirmed an “outperform” rating and issued a $370.00 price target on shares of Alphabet in a report on Thursday, February 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $345.00 price target on shares of Alphabet in a report on Thursday, February 5th. Oppenheimer lifted their price target on Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $425.00 price target on shares of Alphabet in a report on Thursday, April 30th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a report on Monday. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $378.50.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 8,993 shares of the business’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider directly owned 51,808 shares of the company’s stock, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 102 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the transaction, the director owned 18,721 shares of the company’s stock, valued at $7,132,701. The trade was a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 225,516 shares of company stock worth $27,142,399. Corporate insiders own 12.99% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s planned $10 billion investment in Alphabet adds a major vote of confidence and helps validate the company’s AI expansion strategy. Berkshire invests extra $10 billion in Alphabet, deepening bet on AI
• Positive Sentiment: Analyst commentary said Google is a clear beneficiary as AI search grows, supporting the view that Alphabet can defend and extend its core search franchise even as AI competition intensifies. Google Is the Clear Beneficiary,” Says Top Analyst as AI Search Takes Off
• Neutral Sentiment: Alphabet’s ties to high-profile private AI names like Anthropic and SpaceX could give investors additional indirect exposure ahead of possible future IPOs, though this is more of a longer-term optionality story. Alphabet Stock Offers Exposure To SpaceX, Anthropic Before IPOs: What That Means For Investors
• Negative Sentiment: The planned $80 billion capital raise may weigh on sentiment because it implies substantial spending needs and potential dilution, even if it strengthens Alphabet’s AI capacity. Alphabet plans to raise $80 billion to pay for AI buildout
• Negative Sentiment: Reuters reported the EU may tighten cloud rules in strategic tenders, potentially limiting Google’s access to some government contracts in Europe. EU cloud rules to curb Amazon, Google access to strategic tenders

Alphabet Stock Performance

Shares of NASDAQ:GOOG opened at $372.58 on Tuesday. The stock has a market capitalization of $4.51 trillion, a P/E ratio of 28.42, a P/E/G ratio of 1.61 and a beta of 1.25. Alphabet Inc. has a 1-year low of $163.33 and a 1-year high of $404.47. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $344.61 and a two-hundred day moving average price of $325.11.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.81 EPS. Equities analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Alphabet 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.