Alphabet Inc. $GOOGL is BTC Capital Management Inc.’s 4th Largest Position

BTC Capital Management Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 29.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 198,300 shares of the information services provider’s stock after acquiring an additional 45,648 shares during the period. Alphabet makes up approximately 3.9% of BTC Capital Management Inc.’s holdings, making the stock its 4th biggest position. BTC Capital Management Inc.’s holdings in Alphabet were worth $57,035,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hilton Head Capital Partners LLC grew its stake in shares of Alphabet by 6.8% in the first quarter. Hilton Head Capital Partners LLC now owns 1,391 shares of the information services provider’s stock worth $400,000 after acquiring an additional 88 shares during the period. Blue Trust Inc. boosted its holdings in Alphabet by 45.8% in the first quarter. Blue Trust Inc. now owns 61,638 shares of the information services provider’s stock worth $17,725,000 after purchasing an additional 19,352 shares during the last quarter. C2C Wealth Management LLC grew its position in Alphabet by 5.3% in the 1st quarter. C2C Wealth Management LLC now owns 1,477 shares of the information services provider’s stock worth $425,000 after purchasing an additional 75 shares during the period. Boyd Wealth Management LLC grew its position in Alphabet by 9.3% in the 1st quarter. Boyd Wealth Management LLC now owns 1,783 shares of the information services provider’s stock worth $513,000 after purchasing an additional 151 shares during the period. Finally, RFG Advisory LLC raised its stake in Alphabet by 3.9% during the 1st quarter. RFG Advisory LLC now owns 74,836 shares of the information services provider’s stock valued at $21,520,000 after buying an additional 2,838 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of research reports. Stifel Nicolaus set a $420.00 price target on Alphabet and gave the stock a “buy” rating in a research note on Thursday, April 30th. Arete Research increased their target price on Alphabet from $405.00 to $425.00 and gave the company a “buy” rating in a report on Monday, May 18th. BMO Capital Markets increased their target price on Alphabet from $410.00 to $435.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $450.00 target price on shares of Alphabet in a research report on Wednesday, June 3rd. Finally, Mizuho boosted their price target on Alphabet from $420.00 to $460.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $413.13.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director directly owned 1,481 shares in the company, valued at $545,941.03. This represents a 41.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 151,972 shares of company stock valued at $5,016,958 in the last three months. 11.61% of the stock is currently owned by insiders.

Alphabet Stock Up 4.8%

Shares of GOOGL stock opened at $353.55 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a one year low of $172.77 and a one year high of $408.61. The company’s fifty day moving average price is $369.30 and its 200-day moving average price is $333.27. The company has a market capitalization of $4.28 trillion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.44 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. 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 $106.98 billion. Sell-side analysts expect that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

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

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet officially joined the Dow Jones Industrial Average, replacing Verizon, which has sparked broad investor buying and index-fund demand. Reuters: Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
• Positive Sentiment: Several reports note Alphabet’s stock rose on the Dow debut, reflecting renewed investor enthusiasm and momentum around the company’s large-cap tech and AI position. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions
• Positive Sentiment: Jefferies reiterated a Buy rating on Alphabet with a $445 price target, suggesting Wall Street still sees meaningful upside despite the recent pullback. Yahoo Finance: Jefferies Maintain a Buy Rating on Alphabet (GOOGL)
• Neutral Sentiment: Alphabet also gained attention from fresh coverage highlighting its cloud and AI partnerships, including Google Cloud’s collaboration with the Philippine government on AI agents for public services. Yahoo Finance: Alphabet’s Google Cloud Partners with Philippine Government to Deploy AI Agents in Public Services
• Neutral Sentiment: Investors are also weighing concerns that strong AI demand is being constrained by limited compute capacity, which may cap near-term growth even as demand remains high. Reuters: Google limits Meta’s use of its Gemini AI models, FT reports
• Negative Sentiment: Some articles point out that Alphabet has been under pressure recently due to AI-spending concerns and broader weakness in big tech, so the Dow inclusion may be helping offset a weak monthly trend. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions

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.