Capelight Capital Asset Management LP Cuts Position in Alphabet Inc. $GOOG

Capelight Capital Asset Management LP decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 60.0% during the first quarter, HoldingsChannel.com reports. The fund owned 10,000 shares of the information services provider’s stock after selling 15,000 shares during the quarter. Alphabet comprises 2.0% of Capelight Capital Asset Management LP’s investment portfolio, making the stock its 19th biggest position. Capelight Capital Asset Management LP’s holdings in Alphabet were worth $2,869,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Auto Owners Insurance Co grew its holdings in shares of Alphabet by 38,409.2% in the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after purchasing an additional 179,369,280 shares in the last quarter. J. Stern & Co. LLP increased its position in Alphabet by 28,482.8% in the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after purchasing an additional 111,699,704 shares during the last quarter. Norges Bank purchased a new stake in Alphabet during the fourth quarter valued at $18,093,665,000. Cardano Risk Management B.V. raised its stake in Alphabet by 850.3% during the fourth quarter. Cardano Risk Management B.V. now owns 17,692,600 shares of the information services provider’s stock valued at $5,551,938,000 after purchasing an additional 15,830,754 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Alphabet by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after purchasing an additional 8,128,234 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet-backed Anthropic is reportedly nearing a possible IPO, which could highlight the value of Alphabet’s ownership stake and strengthen investor enthusiasm around its AI investments. Anthropic Could Be a $1 Trillion IPO This Fall. These 2 Stocks Already Own a Piece.
• Positive Sentiment: Google Cloud and enterprise AI positioning received another boost as Anthropic expanded support for Google Cloud tools, reinforcing Alphabet’s role in AI infrastructure. Anthropic Strengthens Alphabet Inc. (GOOGL)’s Google Cloud Positioning in Enterprise AI Development
• Positive Sentiment: Alphabet is continuing to launch new AI models, including Gemini Omni Flash and Nano Banana 2 Lite, which could support product adoption and future revenue growth. Google Just Launched 2 New AI Models. What That Means for GOOGL Stock.
• Positive Sentiment: Alphabet was named a “final trade” on CNBC by an investor, adding to recent bullish sentiment from commentators. Netflix, Alphabet, Nike And A Consumer Defensive Stock On CNBC’s ‘Final Trades’
• Neutral Sentiment: Google invested in Proxima Fusion’s €411 million funding round, signaling interest in long-term frontier tech, but the near-term financial impact on Alphabet is limited. Google, RWE back Proxima Fusion in €411 million financing round
• Negative Sentiment: Google’s expanded AI data collection and training policies may raise privacy concerns, which could create regulatory or reputational risk for the stock. If you use Google, you’re training its AI. Here’s how to opt out.
• Negative Sentiment: Reports that some Google employees are leaving for AI rivals suggest competitive pressure in the talent market, even as Alphabet remains a top tech employer. Google’s status as the dream tech job is changing. FOMO over AI salaries is only one reason why.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $425.00 price objective on shares of Alphabet in a research note on Thursday, April 30th. Oppenheimer upped their target price on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Wells Fargo & Company set a $416.00 price target on shares of Alphabet in a report on Thursday. Stifel Nicolaus set a $420.00 price target on Alphabet in a research report on Wednesday, May 20th. Finally, TD Cowen boosted their price objective on Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet currently has an average rating of “Buy” and a consensus price target of $376.19.

Alphabet Trading Up 2.4%

GOOG stock opened at $364.90 on Tuesday. Alphabet Inc. has a twelve month low of $173.88 and a twelve month high of $404.47. The stock has a market capitalization of $4.42 trillion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. 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 firm’s fifty day simple moving average is $368.31 and its two-hundred day simple moving average is $333.49.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. During the same quarter last year, the business earned $2.81 EPS. The business’s revenue was up 21.8% on a year-over-year basis. As a group, analysts anticipate that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

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

Insider Buying and Selling

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the transaction, the insider owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 160,465 shares of company stock worth $8,020,511 over the last three months. 12.99% of the stock is currently owned by company insiders.

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.