Arnhold LLC Has $58.71 Million Holdings in Alphabet Inc. $GOOGL

Arnhold LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 15.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 187,557 shares of the information services provider’s stock after selling 33,316 shares during the period. Alphabet comprises about 4.5% of Arnhold LLC’s holdings, making the stock its 3rd largest holding. Arnhold LLC’s holdings in Alphabet were worth $58,705,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GOOGL. Themes Management Co LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $1,607,000. CBIZ Investment Advisory Services LLC grew its position in Alphabet by 23.6% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 4,253 shares of the information services provider’s stock valued at $1,331,000 after purchasing an additional 812 shares in the last quarter. GatePass Capital LLC grew its position in Alphabet by 62.3% in the fourth quarter. GatePass Capital LLC now owns 3,599 shares of the information services provider’s stock valued at $1,126,000 after purchasing an additional 1,382 shares in the last quarter. Fidelity D & D Bancorp Inc. acquired a new stake in Alphabet in the 4th quarter valued at $200,000. Finally, Allied Investment Advisors LLC lifted its position in Alphabet by 2.3% during the 4th quarter. Allied Investment Advisors LLC now owns 3,712 shares of the information services provider’s stock worth $1,162,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Down 1.4%

Alphabet stock opened at $363.31 on Tuesday. The company’s 50-day moving average price is $354.35 and its two-hundred day moving average price is $328.67. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.40 trillion, a P/E ratio of 27.71, a P/E/G ratio of 1.58 and a beta of 1.23. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, analysts expect that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This is an increase 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 6.41%.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares in the company, valued at approximately $7,132,701. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 8,993 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the transaction, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 193,016 shares of company stock valued at $17,282,549. 11.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GOOGL shares. KeyCorp reissued an “overweight” rating and set a $425.00 price target on shares of Alphabet in a research report on Wednesday, May 20th. Bank of America upped their price objective on Alphabet from $370.00 to $430.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Monday, April 20th. Arete Research raised their target price on shares of Alphabet from $405.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group upped their price target on shares of Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $413.13.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s long-term AI opportunity remains a major bullish theme, with analysts arguing the company’s heavy investment could support future revenue growth and strengthen its competitive position in search, cloud, and AI. Alphabet: CapEx Pressure Is Real, But The Long-Term AI Opportunity Is Bigger
• Positive Sentiment: Alphabet continues to benefit from broader AI enthusiasm, including reports that Apple is turning to Google for help with its AI overhaul and that Google’s cloud and AI capabilities are being tied to major customer wins and partnerships. Apple tries again on AI, turns to Google for help
• Positive Sentiment: Waymo remains a strategic asset for Alphabet, with new robotaxi-related developments highlighting the unit’s leadership in autonomous driving and potential to unlock long-term value. Uber, Wayve and Waymo are headed towards a robotaxi showdown in London
• Neutral Sentiment: Alphabet is drawing investor attention after its latest earnings results showed strong quarterly performance, including earnings and revenue that beat expectations, which helps support the stock’s long-term valuation. Alphabet Inc. (GOOGL) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Alphabet’s dividend and other capital-return details are also getting attention, but these are unlikely to be the main driver of the stock’s move today. Google to pay dividends next week; Here’s how much 100 GOOGL shares will earn
• Negative Sentiment: Shares are sliding because investors appear worried that Alphabet’s expanding AI spending could pressure margins and require more capital than expected before those investments pay off. What’s Going On With Alphabet Stock?
• Negative Sentiment: Recent market-wide volatility has also weighed on megacap tech stocks, adding to the weakness in Alphabet despite the company’s long-term AI story. Alphabet (GOOGL) Stock Slides as Market Rises: Facts to Know Before You Trade

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.