Alphabet Inc. $GOOGL Stock Holdings Increased by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 536,431 shares of the information services provider’s stock after acquiring an additional 25,531 shares during the period. Alphabet comprises about 1.5% of Intech Investment Management LLC’s portfolio, making the stock its 7th biggest position. Intech Investment Management LLC’s holdings in Alphabet were worth $167,903,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC purchased a new stake in Alphabet during the fourth quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Alphabet during the third quarter worth about $53,000. Kentucky Trust Co lifted its holdings in shares of Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 100 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Alphabet in the third quarter valued at about $53,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $69,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on GOOGL shares. Rothschild & Co Redburn upped their price target on shares of Alphabet from $390.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Susquehanna reaffirmed a “positive” rating and issued a $460.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Robert W. Baird upped their price target on shares of Alphabet from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Bank of America upped their price target on shares of Alphabet from $370.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $413.13.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Gemini app reportedly doubled its monthly users to 900 million, reinforcing the company’s momentum in consumer AI and supporting the case that its AI investments are translating into real usage.
• Positive Sentiment: Wall Street commentary remains constructive, with one report citing TD Cowen’s view that Alphabet could rise further by 2027, reflecting ongoing confidence in its earnings power and AI/cloud growth.
• Positive Sentiment: Alphabet was highlighted as a long-term value-and-growth story, with its search cash engine funding a growing cloud and AI franchise at what some analysts view as an attractive valuation.
• Positive Sentiment: Alphabet’s recent convertible preferred offering and related financing coverage suggest it still has strong access to capital as it expands AI infrastructure, which can help fund growth initiatives.
• Neutral Sentiment: Alphabet’s large AI spending plans remain a key debate, with some analysts warning that rising capex could weigh on near-term profitability even if it supports future growth.
• Neutral Sentiment: Short-interest data showed no meaningful short position change, so it does not appear to be a major driver of the stock move.
• Neutral Sentiment: Reports linking Alphabet to major AI compute deals and supplier arrangements, including Google Cloud usage by other tech firms, reinforce its strategic importance in AI but are not directly tied to near-term earnings.
• Negative Sentiment: Several articles focus on pressure from Alphabet’s aggressive AI infrastructure spending, including concerns that capex could compress margins and make investors more cautious about the stock’s high expectations.
• Negative Sentiment: One report specifically warned that Alphabet’s net profit margin deserves closer scrutiny after the stock’s strong run, suggesting investors may be increasingly sensitive to any slowdown in profitability.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director owned 2,531 shares of the company’s stock, valued at approximately $995,341.06. This represents a 29.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the transaction, the chief executive officer directly owned 1,642,060 shares in the company, valued at $505,573,853.40. The trade was a 1.94% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 193,016 shares of company stock valued at $17,282,549. 11.61% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOGL opened at $364.26 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $4.41 trillion, a price-to-earnings ratio of 27.78, a PEG ratio of 1.56 and a beta of 1.23. The company’s 50 day simple moving average is $356.15 and its 200 day simple moving average is $329.17. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data 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 business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, sell-side analysts predict that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed 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 dividend yield of 0.2%. Alphabet’s payout ratio is currently 6.71%.

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.