TBH Global Asset Management LLC Has $35.64 Million Holdings in Alphabet Inc. $GOOGL

TBH Global Asset Management LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 150.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,694 shares of the information services provider’s stock after acquiring an additional 68,254 shares during the quarter. Alphabet comprises about 6.1% of TBH Global Asset Management LLC’s holdings, making the stock its 2nd biggest holding. TBH Global Asset Management LLC’s holdings in Alphabet were worth $35,638,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GOOGL. CIBC Bancorp USA Inc. purchased a new position in Alphabet in the 3rd quarter worth $416,217,000. Sovran Advisors LLC lifted its position in Alphabet by 23.6% during the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock valued at $5,401,000 after acquiring an additional 4,241 shares during the period. Wright Investors Service Inc. raised its stake in Alphabet by 21.2% during the third quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider’s stock valued at $12,171,000 after buying an additional 8,746 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Alphabet by 3.8% in the third quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider’s stock worth $405,131,000 after buying an additional 60,831 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its stake in shares of Alphabet by 5.4% in the third quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider’s stock worth $17,652,000 after purchasing an additional 3,740 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is rolling out Gemini-powered Android features that let AI understand screen context and complete multi-step tasks, strengthening its AI platform and expanding practical use cases across its ecosystem.
• Positive Sentiment: Google is bringing “agentic” AI, Gemini in Chrome, and new AI-native “Googlebooks” laptops to market, signaling a broader product cycle that could support future revenue growth and keep Alphabet competitive with Apple and other tech giants.
• Positive Sentiment: Alphabet’s partnership with Affirm and Klarna to embed pay-over-time options into Gemini and Google Search could boost commerce activity, improve conversion rates, and make Google Pay more valuable to consumers and merchants.
• Positive Sentiment: Google-backed Isomorphic Labs raised $2.1 billion to scale AI-driven drug discovery, underscoring investor enthusiasm for Alphabet’s broader AI ecosystem and the value of its venture investments.
• Positive Sentiment: Reports that Alphabet is exploring first-ever yen bond financing to fund AI infrastructure suggest the company is willing to invest aggressively in compute capacity, which investors may view as necessary to defend and extend its AI lead.
• Neutral Sentiment: Commentary around Alphabet nearing Nvidia in market value and being at the center of the AI boom highlights strong momentum, but these are more market narratives than immediate fundamental catalysts.
• Negative Sentiment: Alphabet’s heavier AI spending and new debt issuance may pressure near-term margins and raise concerns that the company is trading balance-sheet strength for a more capital-intensive growth strategy.
• Negative Sentiment: Waymo’s robotaxi recall over a self-driving software issue is a reminder that Alphabet’s broader “Other Bets” businesses still carry operational and regulatory execution risks.

Alphabet Price Performance

Shares of GOOGL opened at $387.35 on Wednesday. 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 stock has a market capitalization of $4.69 trillion, a PE ratio of 29.55, a PEG ratio of 1.59 and a beta of 1.26. Alphabet Inc. has a fifty-two week low of $156.16 and a fifty-two week high of $402.00. The company has a 50 day moving average price of $323.56 and a 200-day moving average price of $314.66.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates 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. Equities analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is 6.41%.

Analyst Ratings Changes

A number of brokerages have commented on GOOGL. KeyCorp set a $425.00 target price on shares of Alphabet and gave the company an “overweight” rating in a report on Thursday, April 30th. Morgan Stanley raised their price target on Alphabet from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Loop Capital lifted their price objective on shares of Alphabet from $320.00 to $355.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Argus lifted their target price on Alphabet from $365.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Stifel Nicolaus set a $420.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $407.86.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the transaction, the director owned 3,581 shares of the company’s stock, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 158,553 shares of company stock worth $47,951,856. Corporate insiders own 11.61% of the company’s stock.

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.