Aristotle Atlantic Partners LLC Decreases Position in Alphabet Inc. $GOOGL

Aristotle Atlantic Partners LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 46.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 356,524 shares of the information services provider’s stock after selling 308,541 shares during the period. Alphabet accounts for 5.1% of Aristotle Atlantic Partners LLC’s portfolio, making the stock its 4th largest position. Aristotle Atlantic Partners LLC’s holdings in Alphabet were worth $111,592,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. PMV Capital Advisers LLC acquired a new position in shares of Alphabet in the fourth quarter valued at $38,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at $38,000. Bard Associates Inc. bought a new stake in shares of Alphabet during the 4th quarter worth $52,000. iSAM Funds UK Ltd bought a new stake in shares of Alphabet during the 3rd quarter worth $53,000. Finally, Kentucky Trust Co raised its position in 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 during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 2.5%

NASDAQ GOOGL opened at $363.79 on Thursday. The stock has a 50-day moving average of $364.75 and a 200-day moving average of $331.35. The firm has a market cap of $4.41 trillion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.60 and a beta of 1.23. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly 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 return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. As a group, sell-side analysts forecast that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

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

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud is gaining momentum, with HSBC announcing a multi-year partnership to expand its AI usage on Google Cloud, and another AI startup, Ineffable Intelligence, choosing Google Cloud as its preferred infrastructure partner. These deals reinforce Alphabet’s position in enterprise AI and cloud growth. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google also unveiled a new Gemini-powered Google Home Speaker and broader Android 17/Gemini updates, highlighting continued product rollout across consumer devices and AI features that could support ecosystem engagement over time. Google bets on Gemini to reinvent the smart home speaker
• Positive Sentiment: At the G7, Google DeepMind’s Demis Hassabis joined other AI leaders in calling for a U.S.-led AI coalition, underscoring Alphabet’s influence in shaping the AI industry and keeping Google front and center in policy discussions. CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
• Neutral Sentiment: Analysts and commentary pieces remain mixed, with some still bullish on Alphabet’s AI and cloud growth while others warn that heavy capital spending, competition, and a stretched valuation could limit upside near term. Alphabet Drops 6% in a Month: Buy, Sell, or Hold the GOOGL Stock?
• Negative Sentiment: Alphabet faces fresh regulatory pressure in the U.K., where the competition watchdog set conduct requirements for Google Search to increase fairness and transparency in ranking results. That adds to worries about search monetization and long-term control over its core business. UK regulator sets out conduct requirements for Google’s search services

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GOOGL shares. Barclays reissued a “buy” rating on shares of Alphabet in a research note on Friday, May 29th. Daiwa Securities Group lifted their target price on Alphabet from $380.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Guggenheim reaffirmed a “buy” rating and set a $450.00 target price (up from $375.00) on shares of Alphabet in a research report on Thursday, April 30th. Stifel Nicolaus set a $420.00 price target on Alphabet and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Roth Mkm restated a “buy” rating on shares of Alphabet in a research note 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 MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $413.13.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the transaction, the director directly owned 2,531 shares in the company, valued at $995,341.06. This trade represents a 29.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 159,466 shares of company stock worth $6,957,543. Insiders own 11.61% of the company’s stock.

About Alphabet

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.