Alphabet Inc. $GOOGL Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 21.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,360,513 shares of the information services provider’s stock after selling 370,905 shares during the quarter. Alphabet comprises 6.3% of Altshuler Shaham Ltd’s holdings, making the stock its 3rd largest holding. Altshuler Shaham Ltd’s holdings in Alphabet were worth $425,841,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. PMV Capital Advisers LLC acquired a new stake in Alphabet during the 4th quarter worth $38,000. IFC & Insurance Marketing Inc. acquired a new stake in Alphabet during the 4th quarter worth $38,000. Bard Associates Inc. acquired a new stake in Alphabet during the 4th quarter worth $52,000. Kentucky Trust Co grew its holdings in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after acquiring an additional 100 shares during the period. Finally, iSAM Funds UK Ltd acquired a new stake in Alphabet during the 3rd quarter worth $53,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on GOOGL shares. Dbs Bank lifted their target price on shares of Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Susquehanna reaffirmed a “positive” rating and set a $460.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Evercore boosted their price target on shares of Alphabet from $400.00 to $420.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Bank of America boosted their price target 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, Royal Bank Of Canada set a $425.00 price target on shares of Alphabet and gave the company an “outperform” rating in a report on Thursday, April 30th. Two research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $413.13.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $363.79 on Thursday. The firm has a market cap of $4.41 trillion, a PE ratio of 27.75, a PEG ratio of 1.60 and a beta of 1.23. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61. The company has a fifty day moving average price of $364.75 and a 200 day moving average price of $331.35.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion during 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%. Research analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 8,993 shares of the company’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares of the company’s stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 102 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the transaction, the director directly owned 18,721 shares of the company’s stock, valued at approximately $7,132,701. The trade was a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 159,466 shares of company stock worth $6,957,543. Company insiders own 11.61% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud is gaining momentum, with HSBC announcing a multi-year partnership to expand its AI usage on Google Cloud, and another AI startup, Ineffable Intelligence, choosing Google Cloud as its preferred infrastructure partner. These deals reinforce Alphabet’s position in enterprise AI and cloud growth. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google also unveiled a new Gemini-powered Google Home Speaker and broader Android 17/Gemini updates, highlighting continued product rollout across consumer devices and AI features that could support ecosystem engagement over time. Google bets on Gemini to reinvent the smart home speaker
• Positive Sentiment: At the G7, Google DeepMind’s Demis Hassabis joined other AI leaders in calling for a U.S.-led AI coalition, underscoring Alphabet’s influence in shaping the AI industry and keeping Google front and center in policy discussions. CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
• Neutral Sentiment: Analysts and commentary pieces remain mixed, with some still bullish on Alphabet’s AI and cloud growth while others warn that heavy capital spending, competition, and a stretched valuation could limit upside near term. Alphabet Drops 6% in a Month: Buy, Sell, or Hold the GOOGL Stock?
• Negative Sentiment: Alphabet faces fresh regulatory pressure in the U.K., where the competition watchdog set conduct requirements for Google Search to increase fairness and transparency in ranking results. That adds to worries about search monetization and long-term control over its core business. UK regulator sets out conduct requirements for Google’s search services

Alphabet 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.