Breachway Investments LLC Buys New Shares in Alphabet Inc. $GOOGL

Breachway Investments LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,668 shares of the information services provider’s stock, valued at approximately $522,000.

A number of other large investors also recently modified their holdings of the company. CIBC Bancorp USA Inc. bought a new stake in shares of Alphabet in the 3rd quarter worth about $416,217,000. Sovran Advisors LLC increased its holdings in shares of Alphabet by 23.6% in the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock worth $5,401,000 after buying an additional 4,241 shares during the last quarter. Wright Investors Service Inc. increased its holdings in shares of Alphabet by 21.2% in the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider’s stock worth $12,171,000 after buying an additional 8,746 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Alphabet by 3.8% in the 3rd quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider’s stock worth $405,131,000 after buying an additional 60,831 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its position in Alphabet by 5.4% in the 3rd quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider’s stock worth $17,652,000 after purchasing an additional 3,740 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $397.99 on Friday. The firm has a market cap of $4.81 trillion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26. The firm’s 50 day simple moving average is $318.66 and its 200-day simple moving average is $311.72. Alphabet Inc. has a one year low of $152.20 and a one year high of $400.10. 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:GOOGL) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, equities analysts predict that Alphabet Inc. will post 14.01 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend 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: Huge Q1 beat and cash generation — Alphabet reported blockbuster Q1 results and large net income, highlighting strong Search and AI-driven revenue that underpins recent multiple expansion and investor confidence. It Takes Meta Almost 9 Minutes…
• Positive Sentiment: Analyst upgrades lift sentiment — Mizuho raised its price target to $460 (outperform) and other shops have pushed targets higher, reinforcing buy-side momentum after the earnings beat. Alphabet Given New $460.00 Price Target at Mizuho
• Positive Sentiment: New consumer products and recurring revenue — Google rebranded Fitbit to Google Health, launched a $9.99/month AI health coach (May 19) and unveiled the Fitbit Air wearable; subscription services could add predictable ARPU. Google’s $9.99-per-month AI health coach…
• Positive Sentiment: Market leadership narrative — Coverage notes Alphabet closing the gap on Nvidia for the world’s largest market cap, a bullish signal that may attract momentum and index flows. Alphabet Is About to Overtake Nvidia…
• Neutral Sentiment: Hiring and process changes — Google is piloting AI-assisted software-engineer interviews and exploring personal AI agents (Remy), which could improve hiring throughput but raise operational and fairness questions. Google plans to let software engineers…
• Neutral Sentiment: R&D and partnerships — DeepMind has taken a minority stake to train models on the EVE Online environment and Google continues investing in personal AI agents; long-term upside but near-term costs remain. Google DeepMind Will Train AI Models…
• Negative Sentiment: Regulatory/legal risk in EU news case — Google proposed changes to search news displays to avoid further EU fines, highlighting ongoing exposure to large competition penalties that could hit earnings or require product changes. Google moves to avert EU fines…
• Negative Sentiment: UK display-ads legal claim — A £3bn collective claim alleging monopolization of display ads introduces another material legal overhang that could pressure valuation until resolved. Google facing £3bn legal claim…

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 Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director directly owned 3,581 shares of the company’s stock, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares in the company, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 158,553 shares of company stock valued at $47,951,856. 11.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GOOGL. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research report on Monday. Citizens Jmp boosted their target price on Alphabet from $385.00 to $515.00 and gave the company a “market outperform” rating in a research report on Monday. Pivotal Research boosted their target price on Alphabet from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Rosenblatt Securities boosted their target price on Alphabet from $357.00 to $393.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Monday. Two investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $406.71.

Alphabet Company 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.