Capital Asset Advisory Services LLC Has $17.40 Million Stock Position in Alphabet Inc. $GOOGL

Capital Asset Advisory Services LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 21.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,518 shares of the information services provider’s stock after buying an additional 10,540 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Alphabet were worth $17,403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lifetime Wealth Management P.C. bought a new position in Alphabet in the fourth quarter valued at approximately $32,000. EMC Capital Management bought a new stake in Alphabet in the 4th quarter valued at $33,000. PMV Capital Advisers LLC bought a new stake in Alphabet in the 4th quarter valued at $38,000. IFC & Insurance Marketing Inc. acquired a new position in Alphabet in the 4th quarter worth $38,000. Finally, Bard Associates Inc. bought a new position in Alphabet during the 4th quarter worth about $52,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Trading Down 0.8%

NASDAQ GOOGL opened at $358.89 on Friday. Alphabet Inc. has a 12 month low of $174.38 and a 12 month high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $372.47 and a 200-day moving average of $336.30. The company has a market cap of $4.35 trillion, a PE ratio of 27.38, a PEG ratio of 1.55 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last issued its earnings results 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 the consensus estimate of $106.98 billion. On average, equities research analysts anticipate that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director directly owned 2,531 shares of the company’s stock, valued at $995,341.06. This trade represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the transaction, the director directly owned 18,833 shares of the company’s stock, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 160,465 shares of company stock worth $8,020,511 over the last ninety days. Company insiders own 11.61% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of a number of research reports. Arete Research boosted their price target on Alphabet from $405.00 to $425.00 and gave the company a “buy” rating in a report on Monday, May 18th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Monday, April 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $390.00 price target (up from $345.00) on shares of Alphabet in a research report on Thursday, April 30th. BNP Paribas Exane raised their price target on shares of Alphabet from $390.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Citigroup reiterated an “outperform” rating on shares of Alphabet in a report on Monday, May 4th. Two investment 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’s stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $413.54.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to be viewed as a leading AI beneficiary thanks to its broad distribution across Search, Android, YouTube, Google Cloud and custom chips, which could help it monetize AI spending more effectively than peers. Alphabet vs. Meta: Which AI Stock Is the Better Buy Right Now?
• Positive Sentiment: Brokerage coverage remains favorable, with a report saying analysts see about 10% upside for Alphabet after its recent earnings strength, and another note saying brokerages rate the stock a “Moderate Buy.”
• Positive Sentiment: Alphabet is still being highlighted as a top internet and cloud stock positioned to benefit from heavy AI infrastructure spending, supporting the view that growth can continue even as the market rotates among tech leaders.
• Positive Sentiment: Berkshire Hathaway’s recent $10 billion private placement in Alphabet is continuing to attract bullish attention, signaling institutional confidence in the company’s long-term value and AI potential.
• Positive Sentiment: Waymo’s plan to expand driverless rides to four more major cities adds another long-term growth avenue outside core advertising and cloud businesses.
• Neutral Sentiment: Google is rolling out disclosures showing when ads were made with AI, which may improve transparency but does not appear to be a major near-term financial driver.
• Neutral Sentiment: Alphabet’s search product hit record query volume during the World Cup, underscoring usage strength in the core business, though this is more of an engagement datapoint than a direct earnings catalyst.
• Negative Sentiment: Google is appealing an Indian ruling tied to trademark issues in its ads platform, creating a legal/regulatory headline that could weigh on sentiment around the advertising business. Google appeals Indian ruling over its ads platform, citing consumer harm
• Negative Sentiment: Some market commentary notes that Alphabet has pulled back alongside other mega-cap tech names as investors rotate toward other parts of the AI trade, which may be contributing to the stock’s weakness today.

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.