Alberta Investment Management Corp Increases Position in Alphabet Inc. $GOOG

Alberta Investment Management Corp grew its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 30.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,544 shares of the information services provider’s stock after purchasing an additional 22,744 shares during the period. Alberta Investment Management Corp’s holdings in Alphabet were worth $30,923,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after buying an additional 6,410 shares during the period. Worldquant Millennium Advisors LLC grew its stake in shares of Alphabet by 76.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock worth $330,886,000 after acquiring an additional 806,681 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Alphabet in the second quarter valued at $658,000. Financial Advisors Network Inc. grew its stake in Alphabet by 7.7% during the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider’s stock worth $1,409,000 after purchasing an additional 565 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in Alphabet by 10.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock worth $6,618,000 after purchasing an additional 3,616 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 1.1%

Shares of GOOG stock opened at $371.10 on Wednesday. The company has a market capitalization of $4.50 trillion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $360.69 and its two-hundred day moving average is $330.18. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results 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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same period last year, the company earned $2.81 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities analysts forecast that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a $0.22 dividend. This is a boost 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 0.2%. Alphabet’s dividend payout ratio (DPR) is 6.71%.

Insider Buying and Selling

In related news, insider John Kent Walker sold 8,993 shares of the stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares of the company’s stock, valued at $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 159,466 shares of company stock worth $6,957,543. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on GOOG. TD Cowen boosted their price objective on Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a report on Monday, June 1st. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 target price on shares of Alphabet in a research report on Thursday, May 21st. Needham & Company LLC set a $400.00 price target on Alphabet and gave the company a “buy” rating in a report on Friday, March 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $376.78.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: HSBC announced a multi-year partnership with Alphabet’s Google Cloud to expand its AI capabilities, a fresh validation of Google Cloud’s enterprise momentum and a potentially meaningful revenue tailwind. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Alphabet rolled out Android 17 and expanded Gemini features across Pixel devices and Wear OS, highlighting continued product innovation and deeper integration of AI into its consumer ecosystem. Android 17 launches with new multitasking tools as Google expands Gemini features
• Positive Sentiment: Alphabet confirmed a $1.5 billion Alabama data center expansion, including community investment and infrastructure spending, signaling continued AI and cloud capacity buildout to support future demand. Google’s Samsung Talks Highlight TSMC Capacity Crunch
• Positive Sentiment: Google broadened Fitbit Air’s appeal by making it HSA and FSA eligible, which could improve adoption in digital health and wearables. Google Broadens Fitbit Air Appeal With HSA, FSA Eligibility
• Neutral Sentiment: Google also received positive media commentary around its AI strategy and enterprise adoption, but these were largely opinion pieces rather than new fundamental developments. Why GOOGL Stock May Have More Room to Run Even After a 100% Rally
• Neutral Sentiment: Alphabet’s AI and quantum research efforts continued to draw attention, but the impact on near-term earnings is unclear. Google’s 20x Quantum Leap Threatens Ethereum’s Code as ETH Price Drops
• Negative Sentiment: Some coverage warned that the AI boom may be getting too speculative, with Howard Marks cautioning that investors may be overestimating what they own in AI stocks. Howard Marks: Investing in AI Stocks Is ‘Closer to Speculating’ Than Analysis

Alphabet 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.