Silver Oak Securities Incorporated Sells 2,510 Shares of Alphabet Inc. $GOOGL

Silver Oak Securities Incorporated cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 7.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,723 shares of the information services provider’s stock after selling 2,510 shares during the period. Silver Oak Securities Incorporated’s holdings in Alphabet were worth $9,410,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the fourth quarter worth approximately $32,000. EMC Capital Management acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $33,000. PMV Capital Advisers LLC bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $38,000. Finally, Bard Associates Inc. acquired a new stake in Alphabet during the fourth quarter worth approximately $52,000. 40.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GOOGL shares. Mizuho raised their price objective on Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Truist Financial set a $430.00 target price on Alphabet and gave the stock a “buy” rating in a report on Friday, May 29th. Needham & Company LLC restated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research report on Wednesday, June 3rd. Loop Capital boosted their price target on Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, BNP Paribas Exane upped their price objective on shares of Alphabet from $390.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $413.90.

Insider Buying and Selling

In related news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the sale, the chief accounting officer directly owned 27,348 shares in the company, valued at $9,345,358.56. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction 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 completion of the sale, the director directly owned 2,531 shares in the company, valued at approximately $995,341.06. This represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 151,467 shares of company stock valued at $4,877,600 in the last ninety days. Insiders own 11.61% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet officially joined the Dow Jones Industrial Average, which boosted demand for the shares and highlighted the company’s growing importance in AI and large-cap tech. Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
• Positive Sentiment: Several reports pointed to bullish Wall Street views, including a higher price target from analysts and commentary that Alphabet remains a strong long-term growth stock. Alphabet Replaces Verizon In Dow Jones As Analyst Boosts Target To $415
• Positive Sentiment: Google introduced Nano Banana 2 Lite, a faster and cheaper AI image/video generator, which may strengthen its competitive position in generative AI. Google introduces a faster, cheaper image generator with Nano Banana 2 Lite
• Positive Sentiment: Visa and Google signed on to use the OpenUSD stablecoin for money movement, expanding Alphabet’s presence in digital payments and emerging commerce infrastructure. Visa and Google Sign on to Use Money Movement Stablecoin OpenUSD
• Neutral Sentiment: One director disclosed a small stock sale, which is routine and not large enough to signal a major change in fundamentals. Director Frances Arnold sold 112 shares of Alphabet stock
• Negative Sentiment: UK regulators are targeting Apple and Google app-store fees and payment restrictions, which could pressure Alphabet’s services revenue and app platform economics if rules are tightened. UK targets Apple, Google app store fees for developers
• Negative Sentiment: Some AI-related headlines noted talent loss to rivals and ongoing concerns about regulatory and AI-related risks, which may limit upside enthusiasm near term. Google hit by new AI brain drain as Anthropic poaches top Gemini talent

Alphabet Trading Up 1.1%

Shares of GOOGL opened at $357.37 on Wednesday. Alphabet Inc. has a 52-week low of $172.77 and a 52-week high of $408.61. The business’s fifty day moving average is $369.61 and its 200-day moving average is $333.53. 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 firm has a market cap of $4.33 trillion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.51 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 37.92% and a return on equity of 38.99%. Equities analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

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