Seven Post Investment Office LP Makes New Investment in Alphabet Inc. $GOOGL

Seven Post Investment Office LP bought a new position in Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,540 shares of the information services provider’s stock, valued at approximately $1,108,000. Alphabet makes up about 0.4% of Seven Post Investment Office LP’s investment portfolio, making the stock its 20th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC increased its holdings in Alphabet by 0.7% in the 4th quarter. Sanctuary Advisors LLC now owns 852,559 shares of the information services provider’s stock worth $266,851,000 after purchasing an additional 6,050 shares in the last quarter. Quent Capital LLC increased its position in Alphabet by 10.3% in the 4th quarter. Quent Capital LLC now owns 36,822 shares of the information services provider’s stock valued at $11,525,000 after acquiring an additional 3,440 shares during the period. Hegarty Advisors LLC acquired a new position in Alphabet in the 4th quarter valued at approximately $213,000. Merkkuri Wealth Advisors LLC increased its position in Alphabet by 4.4% in the 4th quarter. Merkkuri Wealth Advisors LLC now owns 1,394 shares of the information services provider’s stock valued at $436,000 after acquiring an additional 59 shares during the period. Finally, Golden State Equity Partners increased its position in Alphabet by 5.7% in the 4th quarter. Golden State Equity Partners now owns 53,918 shares of the information services provider’s stock valued at $16,876,000 after acquiring an additional 2,931 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on GOOGL shares. Stifel Nicolaus set a $420.00 price target on shares of Alphabet and gave the company a “buy” rating in a research report on Thursday, April 30th. China Renaissance increased their price target on Alphabet from $400.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, May 4th. DA Davidson increased their price target on Alphabet from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Wolfe Research decreased their price target on Alphabet from $390.00 to $360.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $407.86.

Alphabet Trading Down 0.4%

NASDAQ:GOOGL opened at $401.07 on Friday. 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 market capitalization of $4.86 trillion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.72 and a beta of 1.26. The firm has a fifty day simple moving average of $327.43 and a two-hundred day simple moving average of $316.71. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $403.70.

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 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 during the quarter, compared to analysts’ expectations of $106.98 billion. Analysts expect that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a 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 payout ratio is 6.41%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the transaction, the director directly owned 3,581 shares in the company, valued at $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00. Following the transaction, the director owned 18,621 shares of the company’s stock, valued at $6,908,391. This represents a 0.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 157,953 shares of company stock valued at $47,767,818. Company insiders own 11.61% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner, with multiple reports highlighting strong demand for its infrastructure, cloud, and Gemini AI efforts as hyperscalers pour capital into AI. Hyperscalers Now Competing With US Treasury for Capital, Driving Up Government Borrowing Costs
• Positive Sentiment: Alphabet’s stock has been re-rated higher by the market, with analysts and commentators pointing to a stronger valuation profile and improved confidence in its earnings power. Why The Market Is Re-Rating Google Stock
• Positive Sentiment: Alphabet’s Google Pay partnership with Affirm could broaden monetization and make Google’s payments ecosystem more attractive to consumers and merchants. Affirm’s Google Deal Aims for Your Wallet (GOOGL)
• Positive Sentiment: Reports say Alphabet is gaining momentum in government AI contracts, which could open a new high-value revenue stream and help diversify away from ads. Why Palantir Suddenly Looks Vulnerable After Google’s Move

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.