Wisconsin Capital Management LLC Acquires 2,120 Shares of Alphabet Inc. $GOOGL

Wisconsin Capital Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 54,566 shares of the information services provider’s stock after acquiring an additional 2,120 shares during the period. Alphabet accounts for about 8.6% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Wisconsin Capital Management LLC’s holdings in Alphabet were worth $17,079,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Pathway Financial Advisers LLC boosted its holdings in shares of Alphabet by 2.0% during the fourth quarter. Pathway Financial Advisers LLC now owns 12,430 shares of the information services provider’s stock worth $3,890,000 after purchasing an additional 245 shares during the last quarter. GLOBALT Investments LLC GA boosted its holdings in shares of Alphabet by 9.6% during the fourth quarter. GLOBALT Investments LLC GA now owns 95,806 shares of the information services provider’s stock worth $29,987,000 after purchasing an additional 8,371 shares during the last quarter. Sequent Planning LLC boosted its holdings in shares of Alphabet by 32.8% during the fourth quarter. Sequent Planning LLC now owns 16,242 shares of the information services provider’s stock worth $5,084,000 after purchasing an additional 4,009 shares during the last quarter. Sherry Group Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $416,000. Finally, Odyssey Capital Advisors Inc. acquired a new stake in shares of Alphabet during the fourth quarter worth $2,417,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, 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 transaction, the insider directly owned 51,808 shares of the company’s stock, valued at $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares in the company, valued at $505,573,853.40. This trade represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 193,016 shares of company stock valued at $17,282,549 over the last ninety days. Insiders own 11.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $445.00 target price (up from $425.00) on shares of Alphabet in a research report on Monday. Phillip Securities increased their target price on Alphabet from $340.00 to $395.00 and gave the stock a “moderate buy” rating in a research report on Wednesday, April 15th. UBS Group reaffirmed a “neutral” rating on shares of Alphabet in a research report on Wednesday, May 20th. The Goldman Sachs Group increased their target price on Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Loop Capital increased their target price on Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Two 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

Alphabet Trading Down 1.0%

NASDAQ:GOOGL opened at $368.53 on Friday. The business’s 50-day moving average is $352.70 and its two-hundred day moving average is $327.81. 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 Inc. has a 12 month low of $162.00 and a 12 month high of $408.61. The firm has a market capitalization of $4.47 trillion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.59 and a beta of 1.23.

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 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 company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Research analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business 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 $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s dividend payout ratio is 6.41%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet secured a major cloud deal with SpaceX, adding a high-profile customer and boosting the investment case for its AI infrastructure business. SpaceX signs cloud deal with Google
• Positive Sentiment: New Street Research raised its price target on Alphabet to $455 and reiterated a buy rating, signaling continued Wall Street confidence. MarketScreener
• Neutral Sentiment: Reports said Google’s AI search and chatbot products faced criticism after an audit found many chatbot responses on elections were flawed, which may keep pressure on Alphabet’s AI credibility. Over 90% of AI chatbot answers about midterm elections are flawed, stunning analysis shows
• Negative Sentiment: Alphabet’s large equity raise and higher AI capex guidance are still weighing on sentiment because investors are questioning how quickly those investments will pay off. Alphabet is seeking fresh capital as stock’s 4-week losing streak tests investor appetite
• Negative Sentiment: Google also faces regulatory pressure in the UK over publisher-content rules in AI search, adding another policy risk for the business. Google search facing UK ‘conduct requirement’

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.