Alphabet Inc. $GOOG Shares Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its stake in Alphabet Inc. (NASDAQ:GOOG) by 12.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,732 shares of the information services provider’s stock after acquiring an additional 9,219 shares during the quarter. Alphabet comprises approximately 0.8% of Fideuram Intesa Sanpaolo Private Banking S.P.A.’s portfolio, making the stock its 23rd biggest holding. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Alphabet were worth $24,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Kathmere Capital Management LLC lifted its stake in shares of Alphabet by 8.5% during the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider’s stock worth $9,381,000 after purchasing an additional 2,341 shares during the period. Gerber Kawasaki Wealth & Investment Management increased its stake in Alphabet by 1.0% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider’s stock valued at $86,596,000 after purchasing an additional 2,850 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in Alphabet by 7.5% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider’s stock worth $19,060,000 after buying an additional 4,239 shares during the period. World Investment Advisors lifted its position in Alphabet by 8.7% during the fourth quarter. World Investment Advisors now owns 190,654 shares of the information services provider’s stock worth $59,827,000 after buying an additional 15,280 shares during the period. Finally, Steginsky Capital LLC grew its holdings in Alphabet by 1.0% in the 3rd quarter. Steginsky Capital LLC now owns 680,588 shares of the information services provider’s stock valued at $165,757,000 after buying an additional 6,523 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on GOOG shares. JPMorgan Chase & Co. upped their price objective on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wells Fargo & Company set a $416.00 target price on shares of Alphabet in a report on Thursday. Scotiabank reaffirmed an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the company a “buy” rating in a report on Friday, March 13th. Finally, TD Cowen boosted their price objective on shares of Alphabet from $450.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $376.19.

Alphabet Trading Up 2.4%

GOOG opened at $364.90 on Tuesday. The firm’s 50 day moving average is $368.31 and its 200-day moving average is $333.49. Alphabet Inc. has a 52-week low of $173.88 and a 52-week high of $404.47. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $4.42 trillion, a P/E ratio of 27.83, a P/E/G ratio of 1.52 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.81 earnings per share. Analysts expect that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The company 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. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is drawing renewed bullish attention after multiple articles highlighted its strong AI positioning, including new AI model launches and commentary that the stock remains attractive as a long-term AI winner. Google Just Launched 2 New AI Models. What That Means for GOOGL Stock.
• Positive Sentiment: Investor optimism is also being reinforced by Alphabet’s cloud momentum, with coverage noting that Google Cloud revenue growth and a very large backlog continue to support the company’s AI and enterprise growth story. Alphabet Stock Has Doubled in a Year. Is It Too Late to Buy?
• Positive Sentiment: Alphabet also got a boost from media and pundit commentary, including CNBC “Final Trades” mention and other bullish pieces that framed GOOG as a favored AI holding. Netflix, Alphabet, Nike And A Consumer Defensive Stock On CNBC’s ‘Final Trades’
• Neutral Sentiment: Reports that Google is expanding AI training to include more user-uploaded media could help its models, but they also raise privacy questions that may keep investors cautious. If you use Google, you’re training its AI. Here’s how to opt out.
• Neutral Sentiment: Coverage about employee departures and a softer “dream job” reputation points to some internal AI talent pressure, but it is not yet a clear earnings threat. Google’s status as the dream tech job is changing. FOMO over AI salaries is only one reason why.
• Negative Sentiment: Waymo’s robotaxi hiccups during San Francisco July 4 traffic are a reminder that Alphabet’s “Other Bets” unit still faces execution risk, though the impact on the core business appears limited. Waymo says some of its robotaxis ran out of power during San Francisco’s July 4 gridlock and had to be towed

Insider Buying and Selling

In related news, Director Frances Arnold sold 112 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the transaction, the director owned 18,833 shares in the company, valued at approximately $6,615,656.24. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 160,465 shares of company stock worth $8,020,511 over the last quarter. Company insiders own 12.99% of the company’s stock.

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.