Integrated Advisors Network LLC Has $24.89 Million Stock Holdings in Alphabet Inc. $GOOGL

Integrated Advisors Network LLC cut its position in Alphabet Inc. (NASDAQ:GOOGL) by 28.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,548 shares of the information services provider’s stock after selling 33,640 shares during the period. Alphabet comprises about 1.3% of Integrated Advisors Network LLC’s portfolio, making the stock its 11th largest position. Integrated Advisors Network LLC’s holdings in Alphabet were worth $24,888,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Strata Wealth Advisors LLC raised its holdings in Alphabet by 9.4% during the 1st quarter. Strata Wealth Advisors LLC now owns 1,647 shares of the information services provider’s stock worth $474,000 after buying an additional 142 shares during the period. Investment Advisory Services Group LLC lifted its position in Alphabet by 4.5% during the 1st quarter. Investment Advisory Services Group LLC now owns 7,805 shares of the information services provider’s stock worth $2,244,000 after buying an additional 335 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co raised its holdings in Alphabet by 17.4% during the first quarter. Walser Wealth Management Company A Ltd Liability Co now owns 4,998 shares of the information services provider’s stock worth $1,437,000 after acquiring an additional 739 shares in the last quarter. Schear Investment Advisers LLC raised its stake in shares of Alphabet by 0.6% during the 1st quarter. Schear Investment Advisers LLC now owns 37,555 shares of the information services provider’s stock worth $10,799,000 after purchasing an additional 219 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in Alphabet by 21.7% in the first quarter. Hodges Capital Management Inc. now owns 8,368 shares of the information services provider’s stock valued at $2,406,000 after acquiring an additional 1,490 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $370.92 on Thursday. Alphabet Inc. has a fifty-two week low of $180.48 and a fifty-two week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a 50 day simple moving average of $370.84 and a two-hundred day simple moving average of $337.62. The company has a market capitalization of $4.49 trillion, a PE ratio of 28.29, a P/E/G ratio of 1.54 and a beta of 1.24.

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. 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 the consensus estimate of $106.98 billion. Research analysts anticipate that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 dividend yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Warren Buffett said he initiated Berkshire Hathaway’s Alphabet investment, a high-profile endorsement that is helping sentiment around Alphabet (GOOGL). Warren Buffett tells CNBC he initiated Berkshire Hathaway’s investment in Alphabet
• Positive Sentiment: Multiple analyst previews say Alphabet’s AI momentum, cloud backlog, and earnings growth expectations could support another strong quarter, keeping investors upbeat ahead of results. Alphabet’s AI Spending Question Looms Over Q2 Earnings
• Positive Sentiment: Zacks upgraded Alphabet to strong-buy, citing earnings growth expectations and attractive fundamentals relative to its valuation. Zacks upgrade to strong-buy
• Neutral Sentiment: Alphabet expanded its clean-energy commitments with its largest solar and battery storage purchase yet, which supports its long-term infrastructure strategy but is not an immediate earnings driver. Google’s biggest clean power project is 40 miles north of xAI’s unpermitted gas power plant
• Neutral Sentiment: Alphabet also drew attention for a new collaboration with INVIDI Technologies to extend addressable advertising to set-top boxes, a potentially helpful ad-tech expansion but still early-stage. INVIDI Technologies Collaborates with Google to Integrate Google Ad Manager
• Negative Sentiment: The European Commission is preparing new fines against Google, renewing regulatory risk and adding pressure to Alphabet’s legal overhang. EU Prepares to Fine Google as Part of Increased Big Tech Enforcement
• Negative Sentiment: Google is also fighting antitrust scrutiny in Europe and Switzerland, including efforts to preserve a court ruling that overturned a $1.7 billion EU fine and a new Swiss probe over Android search defaults. Google urges EU top court to back ruling scrapping $1.7 billion antitrust fine
• Negative Sentiment: Separate reports raised concerns about Google’s AI search tools and a DeepMind researcher’s resignation over the company’s Pentagon work, both of which could add reputational risk. A DeepMind researcher resigned over its AI military deal

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 112 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the transaction, the director owned 18,833 shares in the company, valued at approximately $6,615,656.24. The trade was a 0.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 159,415 shares of company stock valued at $7,672,279. 11.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on GOOGL shares. Canaccord Genuity Group raised their price objective on Alphabet from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Freedom Capital lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. BMO Capital Markets increased their target price on Alphabet from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. China Renaissance increased their price target on shares of Alphabet from $400.00 to $485.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $515.00 target price on shares of Alphabet in a research report on Wednesday, May 20th. Three investment 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 stock has an average rating of “Moderate Buy” and a consensus target price of $413.73.

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.