L. Roy Papp & Associates LLP Has $33.34 Million Stock Holdings in Alphabet Inc. $GOOGL

L. Roy Papp & Associates LLP lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 106,511 shares of the information services provider’s stock after selling 4,268 shares during the period. Alphabet makes up approximately 3.7% of L. Roy Papp & Associates LLP’s holdings, making the stock its 6th biggest holding. L. Roy Papp & Associates LLP’s holdings in Alphabet were worth $33,338,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of GOOGL. Crown Wealth Group LLC grew its stake in Alphabet by 3.1% in the fourth quarter. Crown Wealth Group LLC now owns 19,823 shares of the information services provider’s stock worth $6,205,000 after purchasing an additional 587 shares in the last quarter. TABR Capital Management LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $364,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Alphabet by 11.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17,915 shares of the information services provider’s stock worth $5,617,000 after buying an additional 1,818 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in Alphabet by 2.4% during the 4th quarter. Salomon & Ludwin LLC now owns 7,558 shares of the information services provider’s stock worth $2,392,000 after buying an additional 179 shares during the last quarter. Finally, Emerald Advisors LLC grew its position in shares of Alphabet by 1.6% in the 4th quarter. Emerald Advisors LLC now owns 5,470 shares of the information services provider’s stock worth $1,712,000 after acquiring an additional 86 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL opened at $400.69 on Friday. Alphabet Inc. has a 12 month low of $152.20 and a 12 month high of $402.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a fifty day moving average price of $318.66 and a 200 day moving average price of $311.72. The company has a market cap of $4.85 trillion, a P/E ratio of 30.56, a PEG ratio of 1.66 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results 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 company had revenue of $109.90 billion during 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, research analysts forecast that Alphabet Inc. will post 14.01 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. 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. Alphabet’s dividend payout ratio (DPR) is presently 6.41%.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the sale, the chief executive officer owned 1,674,560 shares of the company’s stock, valued at approximately $508,028,012.80. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 955 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares of the company’s stock, valued at approximately $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 158,553 shares of company stock valued at $47,951,856. Company insiders own 11.61% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled upcoming AI-powered bidding and budget-pacing tools for Google Ads, which could make Search and Shopping advertising more efficient and attractive for advertisers. Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Multiple analysts raised price targets on Alphabet, including DBS Bank to $460 and other firms lifting estimates after the company’s earnings beat, reinforcing the view that results remain stronger than expected. DBS Bank Adjusts Price Target on Alphabet to 460
• Positive Sentiment: Google Cloud’s partnership with OTB Group on a generative-AI virtual try-on experience adds to the narrative that Alphabet can monetize AI across enterprise and retail use cases. Google Cloud Partners With OTB Group
• Positive Sentiment: Reports highlighted strong investor appetite for AI leaders such as Google, and recent coverage continues to frame Alphabet as one of the main beneficiaries of the AI spending cycle. Google, Broadcom Drive Delirious Demand
• Positive Sentiment: Recent reports on Google’s AI “agent” efforts and AI search features suggest Alphabet is expanding its product lead in next-generation search and automation tools. Meta, Google enter AI agent race
• Neutral Sentiment: Alphabet is also getting more time to address EU regulators’ concerns in an ongoing antitrust investigation, which removes some immediate pressure but does not eliminate the legal overhang. Google Gets More Time in EU Investigation
• Negative Sentiment: Google faces a new UK lawsuit over online display ads, adding another antitrust/legal risk that could weigh on sentiment if regulatory scrutiny intensifies. Google Faces New UK Lawsuit Over Online Display Ads

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of research analyst reports. Guggenheim reiterated a “buy” rating and issued a $450.00 price target (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. KeyCorp set a $425.00 price objective on shares of Alphabet and gave the stock an “overweight” rating in a report on Thursday, April 30th. Piper Sandler reiterated an “overweight” rating and set a $425.00 target price (up from $395.00) on shares of Alphabet in a research note on Thursday, April 30th. Daiwa Securities Group increased their target price on shares of Alphabet from $380.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company reduced their price target on shares of Alphabet from $397.00 to $361.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $407.86.

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.