Alphabet Inc. $GOOG Shares Bought by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 713.0% in the 1st quarter, Holdings Channel reports. The firm owned 100,151 shares of the information services provider’s stock after acquiring an additional 87,832 shares during the quarter. Alphabet comprises approximately 1.7% of Financiere des Professionnels Fonds d investissement inc.’s holdings, making the stock its 11th biggest position. Financiere des Professionnels Fonds d investissement inc.’s holdings in Alphabet were worth $28,729,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Imprint Wealth LLC bought a new stake in Alphabet in the third quarter valued at $31,000. Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet during the fourth quarter worth about $38,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the fourth quarter worth about $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet in the 4th quarter worth about $41,000. Finally, Towne Trust Company N.A increased its holdings in shares of Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after acquiring an additional 34 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GOOG. Wells Fargo & Company set a $416.00 price objective on shares of Alphabet in a research report on Thursday, July 2nd. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research note on Thursday, May 21st. Wedbush initiated coverage on Alphabet in a report on Thursday, July 16th. They set an “outperform” rating and a $445.00 price target on the stock. Truist Financial set a $430.00 price objective on Alphabet in a research report on Monday, June 1st. Finally, Freedom Capital lowered Alphabet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Five analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $383.44.

Alphabet Trading Up 1.5%

Shares of GOOG stock opened at $351.37 on Tuesday. The stock has a 50-day simple moving average of $365.58 and a 200 day simple moving average of $337.07. Alphabet Inc. has a fifty-two week low of $187.05 and a fifty-two week high of $404.47. The stock has a market capitalization of $4.26 trillion, a P/E ratio of 26.80, a P/E/G ratio of 1.43 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.

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 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 firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same period in the previous year, the company earned $2.81 earnings per share. Alphabet’s revenue was up 21.8% compared to the same quarter last year. On average, sell-side analysts expect that Alphabet Inc. will post 14.33 earnings per share 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 given a dividend of $0.22 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is 6.71%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is developing a new AI server chip, “Frozen v2,” designed to run its Gemini models more efficiently, which suggests lower inference costs and stronger AI margins. Reuters: Google plans new chip to run Gemini models more efficiently
• Positive Sentiment: Several analysts and market commentators remain bullish ahead of earnings, citing strong Search and Google Cloud growth, along with expectations that Alphabet can beat or at least support current high valuations. Zacks: Can Strong Search and Cloud Growth Drive GOOGL’s Q2 Earnings?
• Positive Sentiment: Investor attention is also being lifted by Berkshire Hathaway’s large Alphabet stake and comments from Warren Buffett, which reinforce confidence in Alphabet as a durable AI and core internet franchise. Motley Fool: Warren Buffett Said He Personally Started Berkshire’s Alphabet Position
• Neutral Sentiment: With Alphabet set to report on July 22, options traders and analysts expect a sizable post-earnings move, underscoring that the stock may stay volatile into the print. Investopedia: Here’s How Much Google Parent Alphabet’s Stock Is Seen Moving After Earnings Wednesday
• Neutral Sentiment: Broader market focus on geopolitical risks and Big Tech earnings is adding a wait-and-see tone, but this is more of a backdrop than a direct driver for Alphabet. Yahoo Finance: US stocks edge down with Iran and earnings season in focus
• Negative Sentiment: New securities-fraud investigations disclosed by law firms could create some overhang, although these are early-stage and not yet tied to any specific financial impact. GlobeNewswire: Securities Fraud Investigation Into Alphabet Inc. Continues

Insider Buying and Selling

In related news, insider John Kent Walker sold 8,998 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the sale, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the firm’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 transaction of $387,061.50. Following the sale, the director owned 1,481 shares of the company’s stock, valued at $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 159,415 shares of company stock worth $7,672,279. 12.99% of the stock is owned by 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.