Alphabet Inc. $GOOGL is Patton Albertson Miller Group LLC’s 9th Largest Position

Patton Albertson Miller Group LLC reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,873 shares of the information services provider’s stock after selling 2,524 shares during the quarter. Alphabet accounts for 2.2% of Patton Albertson Miller Group LLC’s portfolio, making the stock its 9th largest position. Patton Albertson Miller Group LLC’s holdings in Alphabet were worth $18,740,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GOOGL. PMV Capital Advisers LLC purchased a new stake in Alphabet during the fourth quarter worth approximately $38,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Alphabet in the third quarter valued at $53,000. Kentucky Trust Co boosted its stake in shares of Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 100 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of Alphabet in the third quarter valued at $53,000. Finally, Sellwood Investment Partners LLC purchased a new position in shares of Alphabet in the third quarter valued at $63,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $382.97 on Tuesday. The stock has a market capitalization of $4.64 trillion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 1.64 and a beta of 1.26. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61. The company’s fifty day moving average is $339.34 and its two-hundred day moving average is $322.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current 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 for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $106.98 billion. Equities analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

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

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the sale, the director owned 2,531 shares of the company’s stock, valued at $995,341.06. This trade represents a 29.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 226,481 shares of company stock worth $27,422,061. 11.61% of the stock is owned by company insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being highlighted as a strong AI investment thanks to its vertically integrated AI stack and cloud growth, which some analysts say could help it compete effectively in the booming AI data center market.
• Positive Sentiment: Google rolled out new AI-powered ad products at Marketing Live, including Gemini-based ad formats and AI search checkout tools, which could expand ad monetization and strengthen its core advertising business. Article Title
• Positive Sentiment: Reports that Alphabet may invest up to $190 billion by 2026 underscore its aggressive push into AI and infrastructure, signaling continued long-term spending to defend and grow its leadership position.
• Positive Sentiment: Coverage suggesting Alphabet has the tools to win the AI race and remains a top-ranked growth stock may be reinforcing investor confidence in the company’s earnings and strategic outlook.
• Neutral Sentiment: Alphabet’s Waymo unit faced service interruptions in some cities due to flooded roads and construction zones, a reminder that the autonomous driving business still has operational hurdles.
• Neutral Sentiment: Commentary around Google’s AI security challenges and its smart-glasses partnerships adds to the long-term innovation story, but these developments are not likely to move the stock immediately.
• Negative Sentiment: The European Union is reportedly preparing to fine Google a high triple-digit million-euro amount as part of an antitrust investigation, increasing regulatory risk for Alphabet’s core business and pressuring sentiment. Article Title
• Negative Sentiment: Google is also appealing a court ruling tied to its search monopoly, keeping antitrust uncertainty alive for investors focused on the durability of its search dominance.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GOOGL shares. Guggenheim restated a “buy” rating and issued a $450.00 target price (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. Tigress Financial set a $415.00 target price on shares of Alphabet and gave the company a “strong-buy” rating in a research note on Thursday, February 19th. New Street Research upped their target price on shares of Alphabet from $380.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Arete Research upped their target price on shares of Alphabet from $405.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, BNP Paribas Exane upped their target price on shares of Alphabet from $390.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $412.65.

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.