Alphabet Inc. $GOOGL is FSA Advisors Inc.’s 2nd Largest Position

FSA Advisors Inc. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3,134.4% in the 4th quarter, Holdings Channel reports. The firm owned 104,179 shares of the information services provider’s stock after buying an additional 100,958 shares during the period. Alphabet accounts for approximately 5.7% of FSA Advisors Inc.’s holdings, making the stock its 2nd biggest position. FSA Advisors Inc.’s holdings in Alphabet were worth $32,608,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Reynders McVeigh Capital Management LLC raised its holdings in shares of Alphabet by 62.4% during the fourth quarter. Reynders McVeigh Capital Management LLC now owns 410,164 shares of the information services provider’s stock valued at $128,513,000 after purchasing an additional 157,626 shares during the last quarter. Estate Counselors LLC purchased a new stake in Alphabet during the fourth quarter valued at $244,000. Pachira Investments Inc. increased its position in Alphabet by 21.6% during the fourth quarter. Pachira Investments Inc. now owns 6,319 shares of the information services provider’s stock valued at $1,978,000 after acquiring an additional 1,124 shares during the last quarter. RIA Advisory Group LLC increased its position in Alphabet by 21.9% during the fourth quarter. RIA Advisory Group LLC now owns 2,992 shares of the information services provider’s stock valued at $937,000 after acquiring an additional 537 shares during the last quarter. Finally, Summit Wealth & Retirement Planning Inc. increased its position in Alphabet by 0.9% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 13,517 shares of the information services provider’s stock valued at $4,231,000 after acquiring an additional 114 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 8,993 shares of Alphabet 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 approximately $14,293,309.12. The trade was a 14.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director owned 3,581 shares of the company’s stock, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 226,481 shares of company stock worth $27,422,061 over the last three months. 11.61% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on GOOGL shares. Pivotal Research upped their price objective on Alphabet from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Barclays reaffirmed an “overweight” rating and set a $405.00 target price (up from $360.00) on shares of Alphabet in a report on Thursday, April 30th. Bank of America upped their target price on shares of Alphabet from $370.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Phillip Securities upped their target price on shares of Alphabet from $340.00 to $395.00 and gave the company a “moderate buy” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Two investment 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. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $412.65.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q1 results were highlighted as one of the strongest among the Mag 7, with Google Cloud showing accelerating sales growth and broader AI momentum helping investor sentiment. Alphabet and NVIDIA: The Biggest Mag 7 Winners This Earnings Season
• Positive Sentiment: Google’s I/O announcements continued to reinforce Alphabet’s AI story, including new AI search experiences, agent tools, and upcoming AI glasses that suggest the company is expanding beyond traditional search. We tried Google’s AI glasses and they’re almost there
• Positive Sentiment: Analysts remain constructive on the stock, with multiple firms reiterating positive views and new AI ad formats seen as potentially boosting conversions and monetization in Search and Commerce. Alphabet’s new AI ad formats seen boosting conversions and spending
• Positive Sentiment: Google unveiled a $15 billion Missouri data center investment, underscoring continued capital spending to support AI infrastructure and cloud demand. Google Unveils $15 Billion Missouri Data Center Investment
• Neutral Sentiment: Several articles discussed Google’s revamped AI-driven search experience and agent ecosystem, which are strategically important but still too early to measure their near-term financial impact. Google is pitching an AI agent ecosystem to consumers who may not buy it
• Negative Sentiment: Waymo temporarily suspended service in multiple cities after robotaxis drove into flooded roads, adding another safety and execution concern for Alphabet’s autonomous vehicle unit. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
• Negative Sentiment: Google’s appeal of the antitrust ruling remains the biggest overhang, since a loss or forced remedies could eventually weigh on the company’s core search and advertising economics. Google appeals US court ruling on search monopoly

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $382.97 on Friday. The firm has a fifty day moving average price of $337.75 and a 200-day moving average price of $321.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $4.64 trillion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Equities analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business 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 dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio is 6.41%.

Alphabet Company 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.