Concord Investment Counsel Inc. Has $323,000 Stake in Alphabet Inc. $GOOG

Concord Investment Counsel Inc. reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 62.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,029 shares of the information services provider’s stock after selling 1,698 shares during the period. Concord Investment Counsel Inc.’s holdings in Alphabet were worth $323,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. National Pension Service boosted its position in shares of Alphabet by 2.0% during the 4th quarter. National Pension Service now owns 10,392,220 shares of the information services provider’s stock valued at $3,261,079,000 after acquiring an additional 206,444 shares in the last quarter. Garde Capital Inc. boosted its position in shares of Alphabet by 16.5% during the 4th quarter. Garde Capital Inc. now owns 53,944 shares of the information services provider’s stock valued at $16,927,000 after acquiring an additional 7,647 shares in the last quarter. Weaver Consulting Group boosted its position in shares of Alphabet by 2.8% during the 4th quarter. Weaver Consulting Group now owns 3,007 shares of the information services provider’s stock valued at $944,000 after acquiring an additional 83 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Alphabet during the 4th quarter valued at about $548,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in shares of Alphabet by 886.1% during the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 147,916 shares of the information services provider’s stock valued at $46,416,000 after acquiring an additional 132,916 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 1.0%

Shares of NASDAQ GOOG opened at $365.76 on Friday. Alphabet Inc. has a 1-year low of $163.33 and a 1-year high of $404.47. The company has a market cap of $4.43 trillion, a PE ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.22. 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 company has a 50-day moving average of $350.06 and a two-hundred day moving average of $327.07.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share 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 company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same period in the previous year, the firm posted $2.81 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. As a group, equities analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a $0.22 dividend. 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%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s payout ratio is presently 6.41%.

Analyst Ratings Changes

Several analysts have recently weighed in on GOOG shares. TD Cowen reiterated a “buy” rating on shares of Alphabet in a research report on Thursday, May 21st. Pivotal Research reiterated a “buy” rating and set a $470.00 target price (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. KeyCorp reiterated an “overweight” rating on shares of Alphabet in a research report on Wednesday, May 20th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Finally, Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, March 13th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $376.00.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet signed a major cloud-computing agreement with SpaceX, with reports putting the deal at about $920 million per month for 32 months, which could provide a meaningful revenue stream and reinforce demand for Google Cloud. Article Title
• Positive Sentiment: Alphabet’s municipal-bond debut drew strong investor demand, suggesting institutions still view the company as a high-quality borrower with flexible financing options. Article Title
• Positive Sentiment: Some investors and analysts said the equity raise is a strategic move to accelerate AI infrastructure and may help Alphabet defend and expand its long-term leadership in search, cloud, and AI. Article Title
• Neutral Sentiment: Alphabet also appeared in commentary about AI-related partnerships, including potential indirect benefits from the SpaceX IPO and other cloud collaborations, but these are mostly longer-term strategic themes rather than immediate catalysts. Article Title
• Negative Sentiment: Wall Street coverage focused heavily on Alphabet’s expanding capital expenditures, with some commentators warning that the AI buildout may be getting too expensive and could pressure free cash flow. Article Title

Insider Buying and Selling

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 shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares of the company’s stock, valued at $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 193,016 shares of company stock valued at $17,282,549. Insiders own 12.99% of the company’s stock.

About Alphabet

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.