Alphabet Inc. $GOOGL is Harvest Fund Management Co. Ltd’s 5th Largest Position

Harvest Fund Management Co. Ltd raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,276 shares of the information services provider’s stock after buying an additional 26,220 shares during the quarter. Alphabet comprises approximately 3.6% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 5th largest position. Harvest Fund Management Co. Ltd’s holdings in Alphabet were worth $97,724,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Symmetry Partners LLC grew its holdings in Alphabet by 0.4% during the 4th quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider’s stock valued at $2,476,000 after buying an additional 30 shares in the last quarter. Members Trust Co grew its holdings in Alphabet by 0.5% during the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider’s stock valued at $2,014,000 after buying an additional 31 shares in the last quarter. Altfest L J & Co. Inc. grew its holdings in Alphabet by 0.4% during the 4th quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider’s stock valued at $2,489,000 after buying an additional 31 shares in the last quarter. Insight 2811 Inc. grew its holdings in Alphabet by 1.0% during the 4th quarter. Insight 2811 Inc. now owns 3,124 shares of the information services provider’s stock valued at $978,000 after buying an additional 32 shares in the last quarter. Finally, LJI Wealth Management LLC grew its holdings in Alphabet by 0.4% during the 4th quarter. LJI Wealth Management LLC now owns 7,265 shares of the information services provider’s stock valued at $2,274,000 after buying an additional 32 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GOOGL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Stifel Nicolaus set a $420.00 target price on Alphabet and gave the company a “buy” rating in a research report on Thursday, April 30th. Bank of America increased their target price on Alphabet from $370.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Evercore increased their target price on Alphabet from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, New Street Research increased their target price on Alphabet from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, June 5th. 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. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $413.13.

Alphabet Stock Down 2.2%

NASDAQ:GOOGL opened at $356.38 on Thursday. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The company has a market cap of $4.32 trillion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. The stock has a fifty day simple moving average of $357.80 and a 200-day simple moving average of $329.64. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. 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 the consensus estimate of $106.98 billion. Analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

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

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Kent Walker sold 8,993 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the transaction, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 193,016 shares of company stock valued at $17,282,549. 11.61% of the stock is owned by company insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts turned more optimistic on Alphabet’s 2027 outlook, citing strong AI and Google Cloud growth potential. Veteran Analyst Firm Resets Alphabet Forecast for 2027
• Positive Sentiment: Google introduced new Gemini features for small businesses, which could help drive AI adoption and future subscription revenue. Google Debuts Gemini Features Geared to Small Businesses
• Positive Sentiment: Coverage highlighted Alphabet as a strong long-term growth story, supported by Search, Cloud, and AI. Why Alphabet (GOOGL) is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Google Cloud disruption in India from a third-party facility fire appears temporary, but it underscores operational and infrastructure risk. Fire at third-party facility disrupts Google Cloud network traffic in India
• Negative Sentiment: A California judge denied Alphabet’s bid for a new trial in the youth social media addiction case, keeping litigation risk alive for YouTube. Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge
• Negative Sentiment: Reports of Gemini/Google Workspace AI errors and downtime may weigh on sentiment around product reliability. Gemini Is Down? Live Updates on Google Workspace’s AI Errors

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.