AlpenGlobal Capital LLC Takes Position in Alphabet Inc. $GOOGL

AlpenGlobal Capital LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 38,635 shares of the information services provider’s stock, valued at approximately $11,110,000. Alphabet makes up approximately 7.2% of AlpenGlobal Capital LLC’s portfolio, making the stock its 3rd biggest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of GOOGL. Lifetime Wealth Management P.C. acquired a new stake in Alphabet during the 4th quarter worth approximately $32,000. EMC Capital Management purchased a new stake in Alphabet during the 4th quarter worth about $33,000. PMV Capital Advisers LLC acquired a new stake in Alphabet in the 4th quarter valued at about $38,000. IFC & Insurance Marketing Inc. acquired a new stake in Alphabet in the 4th quarter valued at about $38,000. Finally, Bard Associates Inc. purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $52,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Price Performance

Alphabet stock opened at $346.77 on Monday. The stock’s 50 day moving average price is $368.89 and its 200 day moving average price is $338.14. Alphabet Inc. has a 1-year low of $183.71 and a 1-year high of $408.61. The company has a market cap of $4.20 trillion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. 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 (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, 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 firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. On average, sell-side analysts predict that Alphabet Inc. will post 14.33 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

Insider Buying and Selling

In other news, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 SEC filing for this sale provides additional information. Insiders sold a total of 159,415 shares of company stock valued at $7,672,279 in the last 90 days. 11.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GOOGL. Zacks Research raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Robert W. Baird raised their price target on Alphabet from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. President Capital lifted their price target on Alphabet from $375.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Monday, April 20th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $455.00 target price (up from $435.00) on shares of Alphabet in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $414.11.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

Alphabet 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.