Stokes Capital Advisors LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 10.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,155 shares of the information services provider’s stock after purchasing an additional 2,377 shares during the period. Stokes Capital Advisors LLC’s holdings in Alphabet were worth $7,234,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Council LLC increased its holdings in Alphabet by 0.8% during the 1st quarter. Financial Council LLC now owns 5,845 shares of the information services provider’s stock worth $1,681,000 after purchasing an additional 45 shares during the period. Pacific Sage Partners LLC lifted its holdings in shares of Alphabet by 0.7% in the 1st quarter. Pacific Sage Partners LLC now owns 10,398 shares of the information services provider’s stock worth $2,990,000 after buying an additional 70 shares during the period. Xcel Wealth Management LLC lifted its holdings in shares of Alphabet by 4.0% in the 1st quarter. Xcel Wealth Management LLC now owns 45,987 shares of the information services provider’s stock worth $13,224,000 after buying an additional 1,787 shares during the period. GHP Investment Advisors Inc. grew its position in shares of Alphabet by 6.9% during the 1st quarter. GHP Investment Advisors Inc. now owns 26,371 shares of the information services provider’s stock worth $7,583,000 after buying an additional 1,708 shares in the last quarter. Finally, AA Financial Advisors LLC grew its position in shares of Alphabet by 13.6% during the 1st quarter. AA Financial Advisors LLC now owns 11,149 shares of the information services provider’s stock worth $3,206,000 after buying an additional 1,337 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google Cloud is gaining traction in enterprise AI and banking, with new wins like Jack Henry and Intesa Sanpaolo supporting Alphabet’s cloud growth story. GOOGL’s AI Cloud Strategy Gets a Boost From Jack Henry: What’s Ahead?
- Positive Sentiment: Analysts and market commentary continue to frame Alphabet as a strong growth and momentum stock, reflecting confidence in earnings and AI-driven upside. Here’s Why Alphabet (GOOGL) is a Strong Momentum Stock
- Positive Sentiment: Google’s disruption of a proxy network used in malware operations supports its security reputation and could modestly lift sentiment around the platform. Google disrupts NetNut proxy network used in malware operations
- Positive Sentiment: Commentary around AI shopping and agentic commerce suggests Alphabet’s Gemini ecosystem could become a larger long-term growth catalyst. Agentic Shopping Is Coming. These Stocks Will Ride Walmart’s Google AI Bet.
- Neutral Sentiment: Small insider sales by Alphabet executives and directors appear routine and do not by themselves change the stock’s outlook. Alphabet (NASDAQ:GOOGL) Insider John Kent Walker Sells 8,998 Shares
- Negative Sentiment: The EU court upheld a huge Android antitrust fine, extending Alphabet’s regulatory overhang and keeping legal risk in focus. EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
- Negative Sentiment: Swedish court damages in the comparison-shopping case add another sign that regulators are willing to punish Google’s search and shopping practices. Swedish court orders Google pay $1.46 bn for favoring its price comparisons
Wall Street Analyst Weigh In
View Our Latest Stock Report on Alphabet
Alphabet Price Performance
Shares of GOOGL stock opened at $359.91 on Friday. Alphabet Inc. has a 1-year low of $172.77 and a 1-year high of $408.61. The stock’s 50-day moving average is $370.64 and its 200 day moving average is $334.23. The company has a market cap of $4.36 trillion, a P/E ratio of 27.45, a PEG ratio of 1.54 and a beta of 1.24. 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 (NASDAQ:GOOGL – Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (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 analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Research analysts predict that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.
Alphabet Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is 6.71%.
Insider Transactions at Alphabet
In related news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the transaction, the director owned 2,531 shares in the company, valued at $995,341.06. The trade was a 29.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 160,465 shares of company stock worth $8,020,511. 11.61% of the stock is owned by corporate insiders.
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.
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