Targeted Financial Services LLC Purchases New Stake in Alphabet Inc. $GOOGL

Targeted Financial Services LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,174 shares of the information services provider’s stock, valued at approximately $680,000. Alphabet accounts for approximately 0.6% of Targeted Financial Services LLC’s investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. Norges Bank acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $30,534,239,000. Berkshire Hathaway Inc acquired a new position in Alphabet in the third quarter valued at approximately $4,338,397,000. Cardano Risk Management B.V. boosted its stake in Alphabet by 855.3% in the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock valued at $4,546,413,000 after acquiring an additional 13,004,828 shares during the last quarter. Vanguard Group Inc. boosted its stake in Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after acquiring an additional 12,531,695 shares during the last quarter. Finally, Capital World Investors grew its holdings in Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after acquiring an additional 11,605,785 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Trading Up 0.1%

Shares of NASDAQ GOOGL opened at $368.48 on Monday. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The stock has a market cap of $4.46 trillion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 1.57 and a beta of 1.23. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company’s fifty day moving average is $367.04 and its 200-day moving average is $332.07.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Equities research analysts predict that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was 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 payout ratio is presently 6.71%.

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 8,993 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the sale, the insider directly owned 51,808 shares in the company, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 160,516 shares of company stock valued at $7,344,604. Insiders own 11.61% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
• Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
• Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
• Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
• Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
• Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
• Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
• Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Stifel Nicolaus set a $420.00 target price on shares of Alphabet and gave the company a “buy” rating in a research report on Thursday, April 30th. Piper Sandler restated an “overweight” rating and issued a $445.00 price target (up from $425.00) on shares of Alphabet in a research report on Monday, June 1st. Robert W. Baird lifted their price objective on Alphabet from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. BMO Capital Markets upped their price objective on Alphabet from $410.00 to $435.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, Dbs Bank increased their target price on Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $413.13.

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.