Alphabet Inc. $GOOGL Stock Holdings Lessened by Canoe Financial LP

Canoe Financial LP reduced its position in Alphabet Inc. (NASDAQ:GOOGL) by 16.3% in the first quarter, Holdings Channel.com reports. The fund owned 856,914 shares of the information services provider’s stock after selling 167,300 shares during the quarter. Alphabet makes up about 3.4% of Canoe Financial LP’s holdings, making the stock its 4th biggest holding. Canoe Financial LP’s holdings in Alphabet were worth $246,414,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GOOGL. EMC Capital Management bought a new position in Alphabet in the 4th quarter worth about $33,000. Lifetime Wealth Management P.C. purchased a new stake in Alphabet in the fourth quarter valued at approximately $32,000. PMV Capital Advisers LLC purchased a new stake in Alphabet in the fourth quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet during the fourth quarter valued at approximately $38,000. Finally, Bard Associates Inc. bought a new position in shares of Alphabet in the 4th quarter worth $52,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

GOOGL opened at $359.91 on Monday. The business has a 50 day simple moving average of $371.05 and a two-hundred day simple moving average of $334.60. The firm has a market capitalization of $4.36 trillion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a one year low of $172.77 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Analysts predict that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued 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 (DPR) is currently 6.71%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GOOGL. Truist Financial set a $430.00 target price on Alphabet and gave the company a “buy” rating in a research note on Friday, May 29th. Barclays reiterated a “buy” rating on shares of Alphabet in a research report on Friday, May 29th. Freedom Capital downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Citizens Jmp reiterated a “market outperform” rating and set a $515.00 price target on shares of Alphabet in a research report on Wednesday, May 20th. Finally, Phillip Securities lifted their price target on shares of Alphabet from $340.00 to $395.00 and gave the stock a “moderate buy” rating in a research note on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $413.54.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several recent stories highlight Alphabet’s AI and cloud momentum, including Google Cloud traction with enterprise customers like Jack Henry and growing use of Google’s cloud tech by Italy’s Intesa Sanpaolo, which supports the bull case for future growth. Article Title
• Positive Sentiment: Jim Cramer argued that Alphabet still looks cheap, reinforcing a valuation-supportive narrative for GOOGL after its pullback. Article Title
• Positive Sentiment: Wall Street sentiment remains constructive, with Wells Fargo keeping an overweight rating and multiple analysts maintaining buy recommendations, which may help support the stock. Article Title
• Neutral Sentiment: Alphabet’s insider selling by John Kent Walker appears routine and is not, by itself, a major fundamental concern for investors. Article Title
• Neutral Sentiment: Coverage around Alphabet’s growing role in AI-powered shopping, robotaxis, and other ecosystem developments adds to the long-term story, but these are more thesis-supportive than immediate catalysts. Article Title
• Negative Sentiment: The biggest drag is the EU Supreme Court decision upholding Alphabet’s €4.1 billion Android antitrust fine, which reinforces legal and regulatory overhangs for the stock. Article Title
• Negative Sentiment: A separate Swedish court ruling ordered Alphabet to pay nearly $2 billion in a price-comparison dispute, adding to the sense that antitrust and competition risks remain active. Article Title

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of Alphabet 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 directly owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the transaction, the chief accounting officer owned 27,348 shares in the company, valued at $9,345,358.56. This trade represents a 1.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 160,465 shares of company stock worth $8,020,511. 11.61% of the stock is owned by corporate insiders.

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.