EJMK Ventures LLC Invests $1.16 Million in Alphabet Inc. $GOOG

EJMK Ventures LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 3,681 shares of the information services provider’s stock, valued at approximately $1,155,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet during the 4th quarter valued at $38,000. Imprint Wealth LLC bought a new stake in shares of Alphabet in the third quarter worth $31,000. Bard Associates Inc. bought a new stake in shares of Alphabet in the fourth quarter worth $41,000. Towne Trust Company N.A increased its position in Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 34 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new position in Alphabet in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, insider John Kent Walker sold 8,993 shares of the business’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 in the company, valued at $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 102 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the transaction, the director directly owned 18,721 shares of the company’s stock, valued at approximately $7,132,701. This trade represents a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 160,516 shares of company stock worth $7,344,604 in the last three months. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $367.46 on Friday. Alphabet Inc. has a 12-month low of $163.33 and a 12-month high of $404.47. The firm has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 1.57 and a beta of 1.22. The firm has a 50 day moving average of $364.31 and a 200 day moving average of $331.07. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.81 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a dividend of $0.22 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was 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 presently 6.71%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GOOG. Needham & Company LLC set a $400.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Friday, March 13th. Scotiabank reiterated an “outperform” rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. TD Cowen raised their price objective on shares of Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Raymond James Financial restated a “strong-buy” rating and set a $425.00 target price on shares of Alphabet in a research report on Thursday, April 30th. Finally, Oppenheimer upped their target price on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average target price of $376.78.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to draw bullish attention as investors highlight accelerating Google Cloud growth, improving margins, and a very large backlog that suggests strong demand for AI and cloud services. Alphabet: Google Cloud Is Outperforming Azure And AWS; $462 Billion Backlog Requires More AI Investments
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake significantly, which is being read as a strong vote of confidence in GOOG’s long-term outlook. Berkshire Hathaway Expands Alphabet (GOOGL) Stake to 58M Shares as Ackman Exits
• Positive Sentiment: Alphabet’s major AI and data-center investments, including a reported $1.5 billion Alabama campus expansion and broader capex plans, are supporting the view that the company is buying future growth. Alphabet (GOOGL) Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus

About Alphabet

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.