Alphabet Inc. $GOOGL Stock Holdings Boosted by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 17,950.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 879,065 shares of the information services provider’s stock after acquiring an additional 874,195 shares during the period. Alphabet comprises approximately 0.9% of Rakuten Investment Management Inc.’s holdings, making the stock its 10th biggest holding. Rakuten Investment Management Inc.’s holdings in Alphabet were worth $275,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Beacon Financial Advisory LLC raised its stake in Alphabet by 3.7% during the fourth quarter. Beacon Financial Advisory LLC now owns 12,578 shares of the information services provider’s stock worth $3,937,000 after purchasing an additional 448 shares during the period. Kettle Hill Capital Management LLC purchased a new position in Alphabet during the fourth quarter worth approximately $837,000. Gould Asset Management LLC CA raised its stake in Alphabet by 70.1% during the fourth quarter. Gould Asset Management LLC CA now owns 1,827 shares of the information services provider’s stock worth $572,000 after purchasing an additional 753 shares during the period. Bluedoor Private Wealth LLC purchased a new position in Alphabet during the fourth quarter worth approximately $3,677,000. Finally, Seaside Wealth Management Inc. purchased a new position in Alphabet during the fourth quarter worth approximately $267,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity

In related news, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction on 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 sale, the insider owned 51,808 shares of the company’s stock, valued at $14,293,309.12. The trade was a 14.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction on Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director directly owned 18,721 shares in the company, valued at $7,132,701. This trade represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,466 shares of company stock worth $6,957,543 over the last three months. 11.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, May 20th. Tigress Financial set a $415.00 price target on shares of Alphabet and gave the stock a “strong-buy” rating in a research note on Thursday, February 19th. CICC Research increased their price target on shares of Alphabet from $388.00 to $407.91 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Mizuho increased their price target on shares of Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Finally, Phillip Securities increased 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 investment 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $413.13.

Alphabet Stock Performance

Shares of GOOGL stock opened at $373.25 on Wednesday. The company’s fifty day simple moving average is $363.48 and its 200-day simple moving average is $331.04. Alphabet Inc. has a 52 week low of $162.00 and a 52 week high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.52 trillion, a PE ratio of 28.47, a P/E/G ratio of 1.58 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. As a group, equities research analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a dividend of $0.22 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s payout ratio is presently 6.71%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: HSBC announced a multi-year partnership with Google Cloud to expand its AI capabilities, reinforcing Alphabet’s cloud momentum and potential enterprise revenue growth. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google released Android 17 and Wear OS 7, while also adding new Gemini AI features and Pixel device upgrades, highlighting continued product innovation and deeper AI integration across its ecosystem. Android 17 launches with new multitasking tools as Google expands Gemini features
• Positive Sentiment: Google Cloud also landed a strategic partnership with Ineffable Intelligence, another sign that enterprises and AI startups are choosing Alphabet’s infrastructure for frontier AI development. Ineffable Intelligence Selects Google Cloud To Power Its Superintelligence Mission
• Neutral Sentiment: Several recent commentary pieces continued to frame Alphabet as a favorite large-cap AI name and a possible long-term winner, which may be supporting investor sentiment but does not reflect a new fundamental announcement. Alphabet: Still A Big Tech Pick To ‘Buy’ Now
• Neutral Sentiment: Google’s disclosure about Chinese-linked hackers targeting research facilities underscores its cybersecurity and threat-detection role, but the story is more about security awareness than a direct business driver. Chinese-linked hackers targeted U.S.,Canadian research facilities for a year, Google says
• Negative Sentiment: A separate report noted a small student walkout and boos during CEO Sundar Pichai’s Stanford commencement appearance, which is unlikely to affect fundamentals but adds a minor reputational headwind. Sundar Pichai faces boos, walkout at Stanford graduation ceremony over Google’s Israel, ICE ties

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.