Lockheed Martin Investment Management Co. Grows Holdings in Alphabet Inc. $GOOGL

Lockheed Martin Investment Management Co. raised its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 77.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 393,290 shares of the information services provider’s stock after buying an additional 171,190 shares during the period. Alphabet comprises about 4.1% of Lockheed Martin Investment Management Co.’s holdings, making the stock its 7th largest position. Lockheed Martin Investment Management Co.’s holdings in Alphabet were worth $123,100,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. CIBC Bancorp USA Inc. bought a new position in shares of Alphabet in the third quarter valued at $416,217,000. NewEdge Wealth LLC raised its holdings in shares of Alphabet by 11.8% in the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider’s stock valued at $277,696,000 after purchasing an additional 93,293 shares during the last quarter. Sovran Advisors LLC raised its holdings in shares of Alphabet by 23.6% in the third quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock valued at $5,401,000 after purchasing an additional 4,241 shares during the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Alphabet by 5.4% in the third quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider’s stock valued at $17,652,000 after purchasing an additional 3,740 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Alphabet by 3.8% in the third quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider’s stock valued at $405,131,000 after purchasing an additional 60,831 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GOOGL has been the subject of several analyst reports. HSBC reiterated a “buy” rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Tuesday. Stifel Nicolaus set a $420.00 target price on shares of Alphabet and gave the company a “buy” rating in a report on Thursday, April 30th. Tigress Financial set a $415.00 target price on shares of Alphabet and gave the company a “strong-buy” rating in a report on Thursday, February 19th. Bank of America increased their target price on shares of Alphabet from $370.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $413.04.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the transaction, the chief executive officer directly owned 1,642,060 shares in the company, valued at $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 193,016 shares of company stock valued at $17,282,549. Corporate insiders own 11.61% of the company’s stock.

Alphabet Stock Down 0.8%

GOOGL opened at $358.99 on Thursday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.35 trillion, a price-to-earnings ratio of 27.38, a PEG ratio of 1.55 and a beta of 1.23. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The company’s 50-day moving average price is $349.51 and its two-hundred day moving average price is $326.85.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations 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 expect that Alphabet Inc. will post 14.28 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced 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. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio is presently 6.41%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s reported $10 billion commitment to Alphabet’s capital raise is a strong vote of confidence in the company’s AI and cloud strategy, helping validate the long-term investment case. Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
• Positive Sentiment: Wall Street continues to frame Alphabet as a major AI beneficiary, with analysts reaffirming bullish price targets and noting rising demand for Google Cloud and AI infrastructure. Alphabet had its “buy” rating reaffirmed by Needham & Company LLC
• Neutral Sentiment: Lovable’s expanded multi-year Google Cloud deal highlights ongoing customer demand for Alphabet’s cloud services, but it is a modest business development rather than a major near-term catalyst. Lovable signs multi-year deal with Google Cloud to up usage 5x, source says
• Neutral Sentiment: Coverage around the AI boom and Alphabet’s expanding role in the sector supports the growth narrative, but much of it is sentiment-driven rather than a direct earnings update. Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
• Negative Sentiment: Alphabet’s massive $84.75 billion equity raise is stirring dilution concerns and signaling that AI infrastructure spending will remain extremely capital intensive, which has weighed on the stock. Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
• Negative Sentiment: UK regulators imposed new conduct requirements on Google Search, including giving publishers more control over AI use of their content, adding a fresh regulatory overhang for Alphabet’s search and AI businesses. UK regulator enforces new competition requirements for Google search

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.