Alphabet Inc. $GOOG Shares Sold by Allianz SE

Allianz SE lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 226,039 shares of the information services provider’s stock after selling 1,430 shares during the quarter. Alphabet makes up approximately 0.9% of Allianz SE’s holdings, making the stock its 18th biggest holding. Allianz SE’s holdings in Alphabet were worth $70,931,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Gerber Kawasaki Wealth & Investment Management increased its stake in Alphabet by 1.0% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider’s stock worth $86,596,000 after buying an additional 2,850 shares during the period. SVRN Asset Management LLC acquired a new position in shares of Alphabet in the 4th quarter valued at about $659,000. Concorde Asset Management LLC boosted its stake in Alphabet by 8.7% during the 4th quarter. Concorde Asset Management LLC now owns 1,290 shares of the information services provider’s stock valued at $405,000 after purchasing an additional 103 shares during the period. Quadrant Capital Group LLC boosted its stake in Alphabet by 4.2% during the 4th quarter. Quadrant Capital Group LLC now owns 58,848 shares of the information services provider’s stock valued at $18,467,000 after purchasing an additional 2,363 shares during the period. Finally, Livet Wealth LLC bought a new stake in shares of Alphabet during the 4th quarter worth about $917,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Up 0.4%

Shares of NASDAQ:GOOG opened at $358.16 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. The firm has a market cap of $4.34 trillion, a P/E ratio of 27.32, a P/E/G ratio of 1.53 and a beta of 1.22. The company’s 50-day moving average price is $357.71 and its two-hundred day moving average price is $329.44.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. 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 $106.96 billion. During the same period in the prior year, the company posted $2.81 EPS. The company’s revenue was up 21.8% compared to the same quarter last year. As a group, research analysts forecast that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is currently 6.71%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s drone-delivery unit Wing expanded into seven more U.S. cities with Walmart, reinforcing that its Other Bets can scale into real businesses and may be more valuable than the market gives them credit for.
• Positive Sentiment: Waymo launched a $29.99 monthly membership program, adding a recurring-revenue layer to its robotaxi business and highlighting rapid growth in paid rides, which investors may see as a meaningful long-term opportunity.
• Positive Sentiment: Several analyst and commentary pieces remain constructive on Alphabet’s AI, cloud, and search setup, with some calling it an AI powerhouse and lifting price targets, which supports the stock’s bullish narrative.
• Positive Sentiment: Google is also expanding its real-estate listings nationwide and continuing to deepen its AI infrastructure and chip strategy, reinforcing multiple growth avenues beyond search advertising.
• Neutral Sentiment: Google filed suit against an alleged Chinese cybercrime group that used AI to scam victims, a move that shows the company is actively defending its platforms, though the stock impact is likely limited unless the issue escalates.
• Neutral Sentiment: Alphabet declined a $2 billion U.S. quantum-computing funding program, saying the terms could slow development; that may be viewed as a strategic choice rather than a major financial event.
• Neutral Sentiment: News that some billionaire investors sold Alphabet in Q1 while others bought more adds to the debate, but it does not change the underlying business fundamentals by itself.
• Negative Sentiment: Some recent coverage continues to focus on worries about rising capital expenditures and AI monetization, which can pressure sentiment if investors fear Alphabet’s AI spending will take longer to pay off.
• Negative Sentiment: Alphabet’s AI Overview feature has also faced renewed controversy, adding another small overhang around search quality and user trust.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of Alphabet stock in a transaction that occurred on 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 sale, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 193,016 shares of company stock worth $17,282,549 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on GOOG shares. Scotiabank reiterated an “outperform” rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research report on Monday, February 16th. Phillip Securities downgraded shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. Raymond James Financial reissued a “strong-buy” rating and issued a $425.00 target price on shares of Alphabet in a research report on Thursday, April 30th. Finally, Citigroup restated a “market outperform” rating on shares of Alphabet in a research note on Monday, June 1st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $376.78.

About Alphabet

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.