Alphabet Inc. $GOOG Stock Holdings Lifted by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its position in Alphabet Inc. (NASDAQ:GOOG) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 164,788 shares of the information services provider’s stock after buying an additional 8,456 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Alphabet were worth $51,711,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Vanguard Group Inc. grew its stake in Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after purchasing an additional 8,128,234 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Alphabet by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after buying an additional 7,904,434 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Alphabet in the third quarter worth about $678,198,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Alphabet in the fourth quarter worth about $869,781,000. Finally, Holocene Advisors LP acquired a new stake in shares of Alphabet in the second quarter worth about $455,745,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s planned $10 billion investment in Alphabet adds a major vote of confidence and helps validate the company’s AI expansion strategy. Berkshire invests extra $10 billion in Alphabet, deepening bet on AI
• Positive Sentiment: Analyst commentary said Google is a clear beneficiary as AI search grows, supporting the view that Alphabet can defend and extend its core search franchise even as AI competition intensifies. Google Is the Clear Beneficiary,” Says Top Analyst as AI Search Takes Off
• Neutral Sentiment: Alphabet’s ties to high-profile private AI names like Anthropic and SpaceX could give investors additional indirect exposure ahead of possible future IPOs, though this is more of a longer-term optionality story. Alphabet Stock Offers Exposure To SpaceX, Anthropic Before IPOs: What That Means For Investors
• Negative Sentiment: The planned $80 billion capital raise may weigh on sentiment because it implies substantial spending needs and potential dilution, even if it strengthens Alphabet’s AI capacity. Alphabet plans to raise $80 billion to pay for AI buildout
• Negative Sentiment: Reuters reported the EU may tighten cloud rules in strategic tenders, potentially limiting Google’s access to some government contracts in Europe. EU cloud rules to curb Amazon, Google access to strategic tenders

Analysts Set New Price Targets

A number of brokerages have weighed in on GOOG. Truist Financial set a $430.00 price target on Alphabet in a research report on Monday. KeyCorp reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, May 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Phillip Securities cut Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $370.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $378.50.

Insider Buying and Selling at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares of the company’s stock, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 225,516 shares of company stock worth $27,142,399 in the last ninety days. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

NASDAQ GOOG opened at $372.58 on Tuesday. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. 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 stock has a market capitalization of $4.51 trillion, a PE ratio of 28.42, a P/E/G ratio of 1.61 and a beta of 1.25. The stock has a 50-day simple moving average of $344.61 and a 200 day simple moving average of $325.11.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. 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 analysts’ expectations of $106.96 billion. During the same quarter in the previous year, the firm earned $2.81 EPS. The firm’s revenue was up 21.8% compared to the same quarter last year. Research analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is presently 6.71%.

About Alphabet

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.