Altshuler Shaham Ltd Has $425.84 Million Stake in Alphabet Inc. $GOOGL

Altshuler Shaham Ltd lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 21.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,360,513 shares of the information services provider’s stock after selling 370,905 shares during the period. Alphabet comprises 6.3% of Altshuler Shaham Ltd’s portfolio, making the stock its 3rd biggest holding. Altshuler Shaham Ltd’s holdings in Alphabet were worth $425,841,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after buying an additional 12,531,695 shares during the period. State Street Corp lifted its stake in shares of Alphabet by 1.8% in the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock valued at $40,524,841,000 after buying an additional 4,008,374 shares during the period. Geode Capital Management LLC lifted its stake in shares of Alphabet by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock valued at $45,625,595,000 after buying an additional 2,666,676 shares during the period. Norges Bank bought a new stake in shares of Alphabet in the fourth quarter valued at about $30,534,239,000. Finally, Bank of America Corp DE lifted its stake in Alphabet by 4.9% during the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock worth $21,630,861,000 after purchasing an additional 3,218,852 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $363.79 on Thursday. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. The firm has a 50 day moving average of $364.75 and a 200-day moving average of $331.35. 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 stock has a market capitalization of $4.41 trillion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The business 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 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 yield of 0.2%. Alphabet’s dividend payout ratio is presently 6.71%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud is gaining momentum, with HSBC announcing a multi-year partnership to expand its AI usage on Google Cloud, and another AI startup, Ineffable Intelligence, choosing Google Cloud as its preferred infrastructure partner. These deals reinforce Alphabet’s position in enterprise AI and cloud growth. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google also unveiled a new Gemini-powered Google Home Speaker and broader Android 17/Gemini updates, highlighting continued product rollout across consumer devices and AI features that could support ecosystem engagement over time. Google bets on Gemini to reinvent the smart home speaker
• Positive Sentiment: At the G7, Google DeepMind’s Demis Hassabis joined other AI leaders in calling for a U.S.-led AI coalition, underscoring Alphabet’s influence in shaping the AI industry and keeping Google front and center in policy discussions. CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
• Neutral Sentiment: Analysts and commentary pieces remain mixed, with some still bullish on Alphabet’s AI and cloud growth while others warn that heavy capital spending, competition, and a stretched valuation could limit upside near term. Alphabet Drops 6% in a Month: Buy, Sell, or Hold the GOOGL Stock?
• Negative Sentiment: Alphabet faces fresh regulatory pressure in the U.K., where the competition watchdog set conduct requirements for Google Search to increase fairness and transparency in ranking results. That adds to worries about search monetization and long-term control over its core business. UK regulator sets out conduct requirements for Google’s search services

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 617 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. The trade was a 5.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the transaction, the director owned 18,721 shares of the company’s stock, valued at $7,132,701. This trade represents a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,466 shares of company stock worth $6,957,543 over the last ninety days. 11.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent research reports. Loop Capital lifted their price objective on Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a report on Friday, May 15th. Canaccord Genuity Group lifted their price objective on Alphabet from $415.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada set a $425.00 price objective on Alphabet and gave the company an “outperform” rating in a report on Thursday, April 30th. CICC Research lifted their price objective on Alphabet from $388.00 to $407.91 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, BMO Capital Markets lifted their price objective on Alphabet from $410.00 to $435.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $413.13.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.