Intrinsic Value Partners LLC Cuts Stake in Alphabet Inc. $GOOG

Intrinsic Value Partners LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,840 shares of the information services provider’s stock after selling 2,343 shares during the period. Alphabet accounts for about 10.1% of Intrinsic Value Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Intrinsic Value Partners LLC’s holdings in Alphabet were worth $13,150,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. PUREfi Wealth LLC increased its position in Alphabet by 12.7% during the first quarter. PUREfi Wealth LLC now owns 7,005 shares of the information services provider’s stock worth $2,010,000 after buying an additional 790 shares during the last quarter. Meridian Investment Counsel Inc. lifted its position in shares of Alphabet by 4.4% in the first quarter. Meridian Investment Counsel Inc. now owns 7,838 shares of the information services provider’s stock worth $2,248,000 after buying an additional 333 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Alphabet by 35.2% during the 1st quarter. Kathmere Capital Management LLC now owns 40,405 shares of the information services provider’s stock worth $11,591,000 after acquiring an additional 10,509 shares in the last quarter. Abel Hall LLC increased its holdings in shares of Alphabet by 6.9% during the 1st quarter. Abel Hall LLC now owns 12,697 shares of the information services provider’s stock valued at $3,642,000 after acquiring an additional 821 shares during the last quarter. Finally, Bogart Wealth LLC increased its holdings in shares of Alphabet by 14.1% during the 1st quarter. Bogart Wealth LLC now owns 4,947 shares of the information services provider’s stock valued at $1,419,000 after acquiring an additional 612 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts and market commentators highlighted Alphabet’s AI advantage, arguing that its control of Search, Android, YouTube, Google Cloud and its chip/model stack gives it one of the best paths to monetize AI at scale. Alphabet vs. Meta: Which AI Stock Is the Better Buy Right Now?
• Positive Sentiment: Google Cloud-related partnerships remain a tailwind, including Accenture’s launch of agentic AI solutions built with Alphabet’s Google Cloud for mid-market firms, reinforcing demand for its enterprise AI offerings. Accenture and Alphabet (GOOGL) Launch Agentic AI Solutions for Mid-Market Firms
• Positive Sentiment: Alphabet’s strong quarterly results and cloud growth continue to drive bullish takes, with investors pointing to revenue growth, AI spending efficiency, and improving profitability as reasons the stock could outperform. Alphabet Stock: Locking In Long-Term Rule Of 40 Supremacy

Alphabet Trading Down 0.7%

Shares of GOOG opened at $356.24 on Friday. The stock’s 50-day moving average price is $369.66 and its 200 day moving average price is $335.08. 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 has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 1.53 and a beta of 1.23. Alphabet Inc. has a 12-month low of $175.74 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.Alphabet’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.81 EPS. As a group, research analysts predict that Alphabet Inc. will post 14.32 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. Shareholders of record on Monday, June 8th were paid 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 yield of 0.2%. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio is presently 6.71%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GOOG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. TD Cowen boosted their price objective on shares of Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Wells Fargo & Company set a $416.00 target price on shares of Alphabet in a research note on Thursday, July 2nd. Scotiabank reiterated an “outperform” rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $450.00 price target on shares of Alphabet in a report on Thursday, May 21st. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Alphabet presently has an average rating of “Buy” and an average price target of $376.19.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of the stock in a transaction 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 completion of the transaction, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This represents a 41.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 160,465 shares of company stock worth $8,020,511. 12.99% of the stock is currently owned by company insiders.

Alphabet Company Profile

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.