Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in Alphabet Inc. $GOOG

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 579,009 shares of the information services provider’s stock, valued at approximately $166,095,000. Alphabet comprises approximately 2.5% of Aware Super Pty Ltd as trustee of Aware Super’s portfolio, making the stock its 6th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Imprint Wealth LLC bought a new position in Alphabet in the 3rd quarter worth $31,000. Nvest Wealth Strategies Inc. bought a new stake in Alphabet during the fourth quarter valued at about $38,000. Lifetime Wealth Management P.C. purchased a new stake in Alphabet in the fourth quarter worth about $38,000. Bard Associates Inc. purchased a new stake in Alphabet in the fourth quarter worth about $41,000. Finally, Towne Trust Company N.A increased its position in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after buying an additional 34 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GOOG shares. Phillip Securities cut Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. Oppenheimer increased their target price on shares of Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Wedbush began coverage on shares of Alphabet in a research note on Thursday. They set an “outperform” rating and a $445.00 target price on the stock. KeyCorp set a $445.00 price target on shares of Alphabet in a report on Friday, July 10th. Finally, TD Cowen upped their price target on shares of Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of “Buy” and an average target price of $383.44.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Bank of America and Wedbush remain bullish, with both highlighting strong cloud growth, AI monetization potential, and upside to the stock ahead of earnings. Alphabet could crush estimates on Cloud strength, Anthropic windfall: BofA
• Positive Sentiment: Analysts and investors are still pointing to accelerating Google Search and Google Cloud growth, while retail interest and institutional ownership remain strong ahead of the July 22 report.
• Positive Sentiment: Alphabet’s AI and cloud businesses remain central to the bullish thesis, with multiple articles noting that the company could benefit from rising AI infrastructure spend and strong earnings expectations.

Alphabet Stock Performance

NASDAQ:GOOG opened at $346.12 on Monday. The stock has a 50-day moving average price of $366.29 and a 200 day moving average price of $336.81. The stock has a market capitalization of $4.19 trillion, a P/E ratio of 26.40, a P/E/G ratio of 1.43 and a beta of 1.23. Alphabet Inc. has a 12-month low of $184.73 and a 12-month high of $404.47. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. During the same period in the previous year, the firm earned $2.81 EPS. The firm’s revenue was up 21.8% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc. will post 14.33 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. 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 firm’s 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 directly owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 159,415 shares of company stock valued at $7,672,279. 12.99% of the stock is owned by corporate 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.