Legacy Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,982 shares of the information services provider’s stock after acquiring an additional 3,512 shares during the period. Alphabet accounts for 1.5% of Legacy Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Legacy Advisors LLC’s holdings in Alphabet were worth $18,461,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Berkshire Hathaway Inc acquired a new position in Alphabet during the 3rd quarter worth $4,338,397,000. Capital World Investors lifted its position in Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after acquiring an additional 11,605,785 shares during the last quarter. Capital Research Global Investors lifted its position in Alphabet by 15.7% during the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider’s stock worth $12,333,076,000 after acquiring an additional 6,874,381 shares during the last quarter. Mizuho Markets Cayman LP lifted its position in Alphabet by 23,402.1% during the 3rd quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider’s stock worth $1,487,419,000 after acquiring an additional 6,092,513 shares during the last quarter. Finally, Coatue Management LLC lifted its position in Alphabet by 259.1% during the 3rd quarter. Coatue Management LLC now owns 7,221,115 shares of the information services provider’s stock worth $1,755,453,000 after acquiring an additional 5,210,434 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.
Alphabet Stock Performance
NASDAQ GOOGL opened at $398.30 on Thursday. The stock has a market cap of $4.82 trillion, a P/E ratio of 30.38, a PEG ratio of 1.70 and a beta of 1.26. The company’s 50-day simple moving average is $316.92 and its 200 day simple moving average is $310.70. Alphabet Inc. has a twelve month low of $147.84 and a twelve month high of $399.85. 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 Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s payout ratio is presently 6.41%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on GOOGL. Wall Street Zen upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Dbs Bank boosted their price objective on shares of Alphabet from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Needham & Company LLC boosted their price objective on shares of Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. The Goldman Sachs Group boosted their price objective on shares of Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Rosenblatt Securities boosted their price objective on shares of Alphabet from $357.00 to $393.00 and gave the stock a “neutral” 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $406.71.
Read Our Latest Report on Alphabet
Insiders Place Their Bets
In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the company’s 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 sale, the insider directly owned 51,808 shares in the company, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 158,553 shares of company stock valued at $47,951,856 over the last 90 days. Company insiders own 11.61% of the company’s stock.
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s blockbuster Q1 and broader Mag‑7 earnings strength underpin the rally — the company beat EPS and revenue expectations and markets are rewarding AI/cloud leaders. Here’s Why Alphabet (GOOGL) is a Strong Growth Stock
- Positive Sentiment: Large commercial commitments: Anthropic reportedly committed to spend ~$200 billion on Google Cloud and chips over five years — a potential multi‑year revenue stream for Cloud and AI infrastructure. Anthropic commits to spending $200 billion on Google’s cloud and chips
- Positive Sentiment: Investor confidence in Alphabet’s AI spending shows in debt markets — its largest-ever euro bond sale attracted strong demand, supporting funding for capex and AI investments. Alphabet’s euro bond offering sees strong demand
- Positive Sentiment: Product/tech optionality: DeepMind’s new minority stake to train AI on the complex MMORPG EVE Online and internal work on a 24/7 agent (“Remy”) highlight unique data/training opportunities and product roadmaps that could extend monetization. Google DeepMind Will Train AI Models on the MMORPG Eve Online Google is building an AI agent that could be its answer to OpenClaw
- Neutral Sentiment: Macro/sector backdrop is supportive: analysts and outlets note a record aggregate Q1 for corporate earnings and continued AI spending that benefits hyperscalers like Alphabet. Record Earnings Expected in 2026 Q1
- Neutral Sentiment: Strategic moves in AI compute: Alphabet moving to sell TPUs directly could broaden revenue but also reshapes competitive dynamics with Nvidia — mixed for margins and partner relationships. Google Moves to Sell TPUs Directly
- Negative Sentiment: Regulatory risk in Europe resurfaced — Google offered search-results changes to avert additions to €9.5B in EU competition fines, keeping legal uncertainty and potential remediation costs on the table. Google moves to avert EU fines with offer in news search case
- Negative Sentiment: Privacy/data concerns and worker unrest: a top Google scientist warned EU data‑sharing measures risk user privacy, and DeepMind employee union activity highlights reputational and execution risks. Top Google scientist says EU data measures pose privacy risk UK Google DeepMind employees vote to unionize
Alphabet Profile
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.
See Also
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