Dorsey Wright & Associates Takes Position in Alphabet Inc. $GOOGL

Dorsey Wright & Associates bought a new stake in Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,074 shares of the information services provider’s stock, valued at approximately $2,545,000.

Several other large investors also recently bought and sold shares of GOOGL. PMV Capital Advisers LLC purchased a new position in shares of Alphabet in the 4th quarter valued at about $38,000. IFC & Insurance Marketing Inc. purchased a new position in Alphabet in the fourth quarter valued at approximately $38,000. Bard Associates Inc. acquired a new stake in Alphabet during the fourth quarter worth approximately $52,000. Kentucky Trust Co raised its stake in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after acquiring an additional 100 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. purchased a new stake in shares of Alphabet in the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
• Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
• Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
• Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
• Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
• Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
• Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
• Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GOOGL. Loop Capital lifted their target price on shares of Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a report on Friday, May 15th. BNP Paribas Exane raised their price objective on shares of Alphabet from $390.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Citizens Jmp reiterated a “market outperform” rating and set a $515.00 target price on shares of Alphabet in a research report on Wednesday, May 20th. UBS Group reissued a “neutral” rating on shares of Alphabet in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $413.13.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director owned 2,531 shares of the company’s stock, valued at $995,341.06. This represents a 29.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 160,516 shares of company stock valued at $7,344,604 over the last 90 days. 11.61% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $368.48 on Friday. The firm has a market capitalization of $4.46 trillion, a PE ratio of 28.11, a P/E/G ratio of 1.57 and a beta of 1.23. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The business has a 50-day moving average of $367.04 and a two-hundred day moving average of $331.95.

Alphabet (NASDAQ:GOOGL) last posted its 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. The business had revenue of $109.90 billion during 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%. As a group, research analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is 6.71%.

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.