Rare Wolf Capital LLC Invests $15.92 Million in Alphabet Inc. $GOOG

Rare Wolf Capital LLC bought a new position in Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, Holdings Channel reports. The fund bought 50,719 shares of the information services provider’s stock, valued at approximately $15,916,000. Alphabet comprises about 9.9% of Rare Wolf Capital LLC’s holdings, making the stock its largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbour Wealth Management Group Inc. purchased a new stake in shares of Alphabet during the fourth quarter valued at $2,729,000. CBM Financial LLC purchased a new position in Alphabet in the 4th quarter worth about $204,000. Lexington Hill Partners LLC acquired a new stake in Alphabet during the 4th quarter worth about $477,000. First Growth Capital LLC acquired a new stake in Alphabet during the 4th quarter worth about $395,000. Finally, Axxcess Wealth Management LLC lifted its stake in Alphabet by 19.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 119,458 shares of the information services provider’s stock valued at $35,330,000 after buying an additional 19,525 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s broader AI and cloud story remains strong, with recent commentary highlighting solid earnings momentum, expanding Google Cloud backlog, and ongoing AI-related spending that could support future growth. AI Spending Is Strengthening the Alphabet (GOOGL) Bull Case
• Positive Sentiment: Google also announced a $1.5 billion investment to expand its Alabama data center campus, reinforcing its long-term infrastructure buildout for AI and cloud demand. Alphabet Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus
• Positive Sentiment: Banking win: HSBC signed an AI deal with Google Cloud, adding another enterprise customer and supporting Alphabet’s cloud adoption narrative. HSBC signs AI deal with Google Cloud
• Neutral Sentiment: Alphabet director John L. Hennessy disclosed a sale of 1,050 shares. Insider selling can draw attention, but the transaction was relatively small versus Alphabet’s overall market value. SEC filing
• Negative Sentiment: Waymo recalled about 3,871 robotaxis after software issues caused some vehicles to enter closed freeway construction zones, renewing safety concerns around Alphabet’s autonomous driving unit. Waymo to recall over 3,800 robotaxis over risk of entering closed construction zones
• Negative Sentiment: Alphabet also lost Noam Shazeer, a key Gemini AI leader, to OpenAI, which may fuel concerns about competition for top AI talent. Google’s Gemini co-lead Noam Shazeer to join OpenAI
• Negative Sentiment: New U.K. rules requiring Google to be more transparent and fair in search rankings add another layer of regulatory pressure on its core search business. UK regulator sets out conduct requirements for Google’s search services

Alphabet Trading Up 1.5%

NASDAQ:GOOG opened at $367.46 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. The stock’s 50-day moving average is $363.25 and its two-hundred day moving average is $330.81. The stock has a market cap of $4.45 trillion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.81 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. 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 other news, Director Frances Arnold sold 102 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the transaction, the director directly owned 18,721 shares in the company, valued at $7,132,701. The trade was a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 617 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 160,516 shares of company stock worth $7,344,604. 12.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on GOOG. JPMorgan Chase & Co. raised their target price on shares of Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Pivotal Research restated a “buy” rating and issued a $470.00 price target (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. Raymond James Financial reiterated a “strong-buy” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $450.00 target price on shares of Alphabet in a research note on Thursday, May 21st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Buy” and a consensus target price 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.