Y Intercept Hong Kong Ltd Takes $27.80 Million Position in Alphabet Inc. $GOOGL

Y Intercept Hong Kong Ltd bought a new stake in Alphabet Inc. (NASDAQ:GOOGL) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 96,659 shares of the information services provider’s stock, valued at approximately $27,795,000. Alphabet makes up about 0.5% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its 10th biggest holding.

Several other large investors also recently bought and sold shares of GOOGL. General Pension Society PZU Joint Stock Co grew its position in Alphabet by 34.4% in the first quarter. General Pension Society PZU Joint Stock Co now owns 169,640 shares of the information services provider’s stock worth $48,782,000 after acquiring an additional 43,400 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Alphabet by 62.1% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,648,994 shares of the information services provider’s stock valued at $474,185,000 after purchasing an additional 631,940 shares during the period. Elevation Point Wealth Partners LLC lifted its stake in shares of Alphabet by 214.7% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 242,209 shares of the information services provider’s stock valued at $69,650,000 after purchasing an additional 165,241 shares during the last quarter. Sharp Wealth Advisory LLC boosted its holdings in shares of Alphabet by 15.9% in the 1st quarter. Sharp Wealth Advisory LLC now owns 6,243 shares of the information services provider’s stock worth $1,795,000 after purchasing an additional 856 shares during the period. Finally, Platform Technology Partners increased its position in shares of Alphabet by 9.9% during the 1st quarter. Platform Technology Partners now owns 29,333 shares of the information services provider’s stock valued at $8,435,000 after purchasing an additional 2,640 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the transaction, the chief accounting officer owned 27,348 shares of the company’s stock, valued at $9,345,358.56. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the transaction, the director owned 18,833 shares in the company, valued at $6,615,656.24. The trade was a 0.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 160,465 shares of company stock valued at $8,020,511. 11.61% of the stock is owned by corporate insiders.

Alphabet Trading Down 0.5%

Shares of GOOGL traded down $1.71 during trading hours on Friday, reaching $357.18. 18,122,822 shares of the company traded hands, compared to its average volume of 32,870,564. The stock’s fifty day moving average price is $372.61 and its 200 day moving average price is $336.44. 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 firm has a market cap of $4.33 trillion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.53 and a beta of 1.24. Alphabet Inc. has a 12-month low of $176.48 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Sell-side analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 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 was Monday, June 8th. Alphabet’s dividend payout ratio is 6.71%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: KeyCorp raised its price target on Alphabet to $445 from $425 and kept an overweight rating, reinforcing the view that the stock still has meaningful upside from current levels.
• Positive Sentiment: Multiple upbeat articles highlighted Alphabet as a leading AI and cloud beneficiary, with commentary pointing to strong distribution through Search, Android, YouTube, Google Cloud, and chips as reasons it could monetize AI better than peers.
• Positive Sentiment: New coverage argued Alphabet looks undervalued after a big run over the past year, while other pieces said the company remains one of the most attractive megacap tech names on a risk/reward basis.
• Positive Sentiment: Zacks and other market commentators continued to include GOOGL among cloud and internet stocks positioned to benefit from AI-driven data center spending and digital demand growth.
• Positive Sentiment: Business and tech commentary also pointed to product and platform strengths, including Google Search setting records during the World Cup and Waymo planning more driverless-car expansion, which support the long-term growth narrative.
• Neutral Sentiment: Alphabet said it will begin disclosing which ads are generated with AI, a transparency move that may help trust and compliance but is unlikely to materially change near-term earnings.
• Neutral Sentiment: Britain moved to regulate Google as a critical cloud supplier to protect financial stability; the change adds oversight, but it also underscores the importance of Google Cloud rather than signaling a fundamental business setback.
• Neutral Sentiment: Reuters reported that Google is appealing an Indian ads-related trademark ruling, a legal issue that could create some noise but does not yet appear to be a major stock-moving event.
• Neutral Sentiment: Recent short-interest data was effectively flat at zero shares reported, offering little actionable signal for traders.
• Negative Sentiment: One Reuters-linked report said Google and OpenAI provided AI services to Singapore-based subsidiaries of Chinese groups on the Pentagon blacklist, which could raise regulatory scrutiny and geopolitical concerns.
• Negative Sentiment: Technical commentary noted Alphabet is testing a key resistance zone after a recovery, suggesting the stock may need a fresh catalyst to extend its move higher.

Analyst Ratings Changes

A number of brokerages recently issued reports on GOOGL. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Monday, May 4th. Cantor Fitzgerald increased their target price on shares of Alphabet from $395.00 to $465.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $420.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research note on Thursday, April 30th. Phillip Securities upped their price target on shares of Alphabet from $340.00 to $395.00 and gave the company a “moderate buy” rating in a report on Wednesday, April 15th. Finally, The Goldman Sachs Group increased their price objective on shares of Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $413.92.

About Alphabet

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.