Brooks Moore & Associates Inc. Has $7.67 Million Position in Alphabet Inc. $GOOGL

Brooks Moore & Associates Inc. decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.4% in the 4th quarter, Holdings Channel reports. The firm owned 24,488 shares of the information services provider’s stock after selling 1,402 shares during the quarter. Alphabet comprises about 3.8% of Brooks Moore & Associates Inc.’s investment portfolio, making the stock its 4th biggest holding. Brooks Moore & Associates Inc.’s holdings in Alphabet were worth $7,665,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GOOGL. Norges Bank bought a new stake in Alphabet during the fourth quarter valued at $30,534,239,000. Berkshire Hathaway Inc bought a new stake in Alphabet during the third quarter valued at $4,338,397,000. Cardano Risk Management B.V. increased its stake in Alphabet by 855.3% during the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock valued at $4,546,413,000 after purchasing an additional 13,004,828 shares during the last quarter. Vanguard Group Inc. increased its stake in Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after purchasing an additional 12,531,695 shares during the last quarter. Finally, Capital World Investors increased its stake in Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock valued at $12,910,542,000 after purchasing an additional 11,605,785 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several recent research reports. Evercore boosted their target price on shares of Alphabet from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Royal Bank Of Canada set a $425.00 price target on shares of Alphabet and gave the company an “outperform” rating in a report on Thursday, April 30th. Wolfe Research reduced their price target on shares of Alphabet from $390.00 to $360.00 and set an “outperform” rating for the company in a report on Friday, April 10th. President Capital boosted their price target on shares of Alphabet from $375.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Guggenheim reissued a “buy” rating and set a $450.00 price target (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $413.13.

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

Insider Buying and Selling

In other news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the transaction, the director owned 18,721 shares in the company, valued at $7,132,701. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 617 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 159,466 shares of company stock worth $6,957,543 over the last ninety days. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $363.79 on Thursday. The stock’s 50-day moving average price is $364.75 and its two-hundred day moving average price is $331.35. 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 $4.41 trillion, a PE ratio of 27.75, a PEG ratio of 1.60 and a beta of 1.23. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. The firm 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%. On average, analysts predict 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. Stockholders of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is currently 6.71%.

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.