Saber Capital Managment LLC Invests $3.18 Million in Alphabet Inc. $GOOGL

Saber Capital Managment LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 10,156 shares of the information services provider’s stock, valued at approximately $3,179,000. Alphabet makes up about 2.7% of Saber Capital Managment LLC’s holdings, making the stock its 12th largest holding.

A number of other large investors have also recently made changes to their positions in GOOGL. PMV Capital Advisers LLC bought a new position in Alphabet during the 4th quarter valued at about $38,000. IFC & Insurance Marketing Inc. bought a new position in Alphabet during the 4th quarter valued at about $38,000. Bard Associates Inc. bought a new position in Alphabet during the 4th quarter valued at about $52,000. Kentucky Trust Co grew its holdings in Alphabet by 142.9% during the 4th 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. Finally, iSAM Funds UK Ltd bought a new position in Alphabet during the 3rd quarter valued at about $53,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google’s legal action against an AI-enabled scam network highlights Alphabet’s role in fighting online fraud and may strengthen trust in its security ecosystem. AI Scam Surge Prompts Google to File Lawsuit
• Positive Sentiment: Analysts and market commentary continue to point to Alphabet as a key AI winner, with Gemini, cloud spending, and enterprise demand seen as long-term growth drivers. 3 AI Stocks Poised for Long-Term Gains Despite Strong Year-to-Date Performance
• Positive Sentiment: Berkshire Hathaway’s increased stake in Alphabet adds a high-profile endorsement and suggests long-term confidence in the stock’s AI and platform value. Berkshire Hathaway’s Greg Abel Just Made a Big Bet on Who Will Win the AI Races

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director directly owned 2,531 shares of the company’s stock, valued at $995,341.06. The trade was a 29.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 617 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction 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 $2,923,235.59. The trade was a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 191,966 shares of company stock worth $16,963,968 over the last 90 days. Corporate insiders own 11.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GOOGL. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a report on Monday, April 20th. Dbs Bank upped their price target on shares of Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Rosenblatt Securities reiterated a “neutral” rating and set a $393.00 price target on shares of Alphabet in a report on Thursday, May 21st. Susquehanna reiterated a “positive” rating and set a $460.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $445.00 price target (up from $425.00) on shares of Alphabet in a report on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

Alphabet Price Performance

Alphabet stock opened at $369.35 on Tuesday. The stock has a market cap of $4.48 trillion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 1.54 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. The firm has a 50-day moving average of $361.93 and a two-hundred day moving average of $330.66.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data 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 analysts’ expectations 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 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a $0.22 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio is presently 6.71%.

Alphabet Company 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.