MASTERINVEST Kapitalanlage GmbH Trims Stake in Alphabet Inc. $GOOG

MASTERINVEST Kapitalanlage GmbH trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,042 shares of the information services provider’s stock after selling 2,153 shares during the period. Alphabet comprises 1.7% of MASTERINVEST Kapitalanlage GmbH’s investment portfolio, making the stock its 10th largest position. MASTERINVEST Kapitalanlage GmbH’s holdings in Alphabet were worth $16,363,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ethos Financial Group LLC grew its position in Alphabet by 12.2% during the first quarter. Ethos Financial Group LLC now owns 56,017 shares of the information services provider’s stock valued at $16,221,000 after acquiring an additional 6,095 shares during the last quarter. SouthState Bank Corp boosted its stake in shares of Alphabet by 0.7% in the 1st quarter. SouthState Bank Corp now owns 157,049 shares of the information services provider’s stock valued at $45,051,000 after purchasing an additional 1,050 shares in the last quarter. Luts & Greenleigh Group Inc. grew its holdings in shares of Alphabet by 11.9% during the 1st quarter. Luts & Greenleigh Group Inc. now owns 4,123 shares of the information services provider’s stock valued at $1,183,000 after purchasing an additional 440 shares during the last quarter. Opinicus Capital Inc. grew its holdings in shares of Alphabet by 4.6% during the 1st quarter. Opinicus Capital Inc. now owns 10,770 shares of the information services provider’s stock valued at $3,089,000 after purchasing an additional 478 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in Alphabet by 7.0% in the 1st quarter. Sanctuary Advisors LLC now owns 532,340 shares of the information services provider’s stock worth $152,707,000 after purchasing an additional 34,924 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the sale, the chief accounting officer owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. This represents a 10.68% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 159,415 shares of company stock worth $7,672,279. 12.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Phillip Securities lowered shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. TD Cowen boosted their target price on Alphabet from $450.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. KeyCorp set a $445.00 target price on Alphabet in a report on Friday, July 10th. The Goldman Sachs Group restated a “buy” rating and set a $450.00 target price on shares of Alphabet in a report on Thursday, May 21st. Finally, Scotiabank reaffirmed 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-seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $383.44.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Bank of America and Wedbush remain bullish, with both highlighting strong cloud growth, AI monetization potential, and upside to the stock ahead of earnings. Alphabet could crush estimates on Cloud strength, Anthropic windfall: BofA
• Positive Sentiment: Analysts and investors are still pointing to accelerating Google Search and Google Cloud growth, while retail interest and institutional ownership remain strong ahead of the July 22 report.
• Positive Sentiment: Alphabet’s AI and cloud businesses remain central to the bullish thesis, with multiple articles noting that the company could benefit from rising AI infrastructure spend and strong earnings expectations.

Alphabet Price Performance

Shares of GOOG stock opened at $346.12 on Friday. The firm has a market cap of $4.19 trillion, a P/E ratio of 26.40, a P/E/G ratio of 1.45 and a beta of 1.23. Alphabet Inc. has a fifty-two week low of $184.73 and a fifty-two week high of $404.47. The business’s 50 day moving average price is $366.29 and its 200-day moving average price is $336.65. 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:GOOG) last posted its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating 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 business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.81 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 14.33 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is presently 6.71%.

Alphabet 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.