LSV Asset Management Has $20.84 Million Stock Position in Alphabet Inc. $GOOG

LSV Asset Management lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,400 shares of the information services provider’s stock after selling 1,677 shares during the quarter. LSV Asset Management’s holdings in Alphabet were worth $20,836,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. New World Advisors LLC boosted its holdings in shares of Alphabet by 7.3% in the 4th quarter. New World Advisors LLC now owns 6,580 shares of the information services provider’s stock valued at $2,065,000 after buying an additional 449 shares during the last quarter. Advisory Alpha LLC boosted its holdings in shares of Alphabet by 11.8% in the 4th quarter. Advisory Alpha LLC now owns 36,196 shares of the information services provider’s stock valued at $11,359,000 after buying an additional 3,814 shares during the last quarter. Insight Inv LLC raised its stake in Alphabet by 3.5% in the 4th quarter. Insight Inv LLC now owns 2,470 shares of the information services provider’s stock valued at $775,000 after acquiring an additional 84 shares during the period. Principle Wealth Partners LLC raised its stake in Alphabet by 0.5% in the 4th quarter. Principle Wealth Partners LLC now owns 95,443 shares of the information services provider’s stock valued at $29,950,000 after acquiring an additional 482 shares during the period. Finally, Keudell Morrison Wealth Management bought a new stake in Alphabet in the 4th quarter valued at $9,195,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Citigroup restated a “market outperform” rating on shares of Alphabet in a research note on Monday. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research note on Thursday, May 21st. Wells Fargo & Company restated an “overweight” rating on shares of Alphabet in a research note on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Monday, April 20th. Finally, Scotiabank restated an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $378.50.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the transaction, the chief executive officer owned 1,642,060 shares in the company, valued at $505,573,853.40. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 617 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 225,516 shares of company stock worth $27,142,399. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Down 1.0%

GOOG stock opened at $372.58 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $4.51 trillion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.61 and a beta of 1.25. The business’s fifty day moving average price is $344.61 and its two-hundred day moving average price is $325.11. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.81 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is 6.71%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s planned $10 billion investment in Alphabet adds a major vote of confidence and helps validate the company’s AI expansion strategy. Berkshire invests extra $10 billion in Alphabet, deepening bet on AI
• Positive Sentiment: Analyst commentary said Google is a clear beneficiary as AI search grows, supporting the view that Alphabet can defend and extend its core search franchise even as AI competition intensifies. Google Is the Clear Beneficiary,” Says Top Analyst as AI Search Takes Off
• Neutral Sentiment: Alphabet’s ties to high-profile private AI names like Anthropic and SpaceX could give investors additional indirect exposure ahead of possible future IPOs, though this is more of a longer-term optionality story. Alphabet Stock Offers Exposure To SpaceX, Anthropic Before IPOs: What That Means For Investors
• Negative Sentiment: The planned $80 billion capital raise may weigh on sentiment because it implies substantial spending needs and potential dilution, even if it strengthens Alphabet’s AI capacity. Alphabet plans to raise $80 billion to pay for AI buildout
• Negative Sentiment: Reuters reported the EU may tighten cloud rules in strategic tenders, potentially limiting Google’s access to some government contracts in Europe. EU cloud rules to curb Amazon, Google access to strategic tenders

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.