Liberty Atlantic Advisors LLC Invests $582,000 in Alphabet Inc. $GOOGL

Liberty Atlantic Advisors LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,860 shares of the information services provider’s stock, valued at approximately $582,000.

Other institutional investors also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC acquired a new position in Alphabet during the fourth quarter worth approximately $38,000. Kentucky Trust Co increased its position in Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after buying an additional 100 shares during the period. iSAM Funds UK Ltd acquired a new position in Alphabet during the third quarter worth approximately $53,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Alphabet during the third quarter worth approximately $53,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in Alphabet during the fourth quarter worth approximately $69,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q1 results were highlighted as one of the strongest among the Mag 7, with Google Cloud showing accelerating sales growth and broader AI momentum helping investor sentiment. Alphabet and NVIDIA: The Biggest Mag 7 Winners This Earnings Season
• Positive Sentiment: Google’s I/O announcements continued to reinforce Alphabet’s AI story, including new AI search experiences, agent tools, and upcoming AI glasses that suggest the company is expanding beyond traditional search. We tried Google’s AI glasses and they’re almost there
• Positive Sentiment: Analysts remain constructive on the stock, with multiple firms reiterating positive views and new AI ad formats seen as potentially boosting conversions and monetization in Search and Commerce. Alphabet’s new AI ad formats seen boosting conversions and spending
• Positive Sentiment: Google unveiled a $15 billion Missouri data center investment, underscoring continued capital spending to support AI infrastructure and cloud demand. Google Unveils $15 Billion Missouri Data Center Investment
• Neutral Sentiment: Several articles discussed Google’s revamped AI-driven search experience and agent ecosystem, which are strategically important but still too early to measure their near-term financial impact. Google is pitching an AI agent ecosystem to consumers who may not buy it
• Negative Sentiment: Waymo temporarily suspended service in multiple cities after robotaxis drove into flooded roads, adding another safety and execution concern for Alphabet’s autonomous vehicle unit. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
• Negative Sentiment: Google’s appeal of the antitrust ruling remains the biggest overhang, since a loss or forced remedies could eventually weigh on the company’s core search and advertising economics. Google appeals US court ruling on search monopoly

Alphabet Price Performance

GOOGL opened at $382.97 on Monday. The business’s fifty day moving average is $337.75 and its two-hundred day moving average is $321.52. 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 company has a market cap of $4.64 trillion, a price-to-earnings ratio of 29.21, a PEG ratio of 1.64 and a beta of 1.26. Alphabet Inc. has a one year low of $162.00 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping 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 return on equity of 38.99% and a net margin of 37.92%. Analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal 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 given a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is presently 6.41%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Tigress Financial set a $415.00 price target on Alphabet and gave the stock a “strong-buy” rating in a research report on Thursday, February 19th. Piper Sandler reaffirmed an “overweight” rating and set a $425.00 price target (up from $395.00) on shares of Alphabet in a research report on Thursday, April 30th. Loop Capital lifted their price target on Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Susquehanna reissued a “positive” rating and issued a $460.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $450.00 target price on shares of Alphabet in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $412.65.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the sale, the director directly owned 2,531 shares in the company, valued at approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 102 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total value of $37,842.00. Following the sale, the director owned 18,621 shares in the company, valued at approximately $6,908,391. The trade was a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 226,481 shares of company stock valued at $27,422,061 in the last 90 days. 11.61% of the stock is owned by corporate insiders.

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.