Lynch Investment Planning LLC Acquires Shares of 7,150 Alphabet Inc. $GOOGL

Lynch Investment Planning LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 7,150 shares of the information services provider’s stock, valued at approximately $2,238,000. Alphabet makes up about 2.1% of Lynch Investment Planning LLC’s investment portfolio, making the stock its 13th biggest position.

Several other hedge funds have also recently modified their holdings of GOOGL. Clear Retirement Advice LLC bought a new position in shares of Alphabet during the fourth quarter worth $632,000. Drake & Associates LLC lifted its stake in Alphabet by 1.5% in the 4th quarter. Drake & Associates LLC now owns 3,649 shares of the information services provider’s stock worth $1,142,000 after purchasing an additional 55 shares in the last quarter. GuidedMoney LLC purchased a new stake in Alphabet in the 4th quarter worth $470,000. Beaird Harris Wealth Management LLC boosted its holdings in shares of Alphabet by 10.5% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 4,684 shares of the information services provider’s stock valued at $1,466,000 after purchasing an additional 447 shares during the last quarter. Finally, Wealth Preservation Advisors LLC boosted its holdings in shares of Alphabet by 1.1% during the 4th quarter. Wealth Preservation Advisors LLC now owns 7,795 shares of the information services provider’s stock valued at $2,440,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their target price on Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. KeyCorp restated an “overweight” rating and set a $425.00 price target on shares of Alphabet in a report on Wednesday, May 20th. Wolfe Research cut their price target on Alphabet from $390.00 to $360.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Stifel Nicolaus set a $420.00 price objective on Alphabet and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $515.00 price objective on shares of Alphabet in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $413.13.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
• Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
• Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
• Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
• Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
• Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
• Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
• Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director directly owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 160,516 shares of company stock valued at $7,344,604. 11.61% of the stock is currently owned by company insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $368.48 on Friday. The stock has a market cap of $4.46 trillion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. 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 stock has a 50 day moving average price of $367.04 and a 200-day moving average price of $331.95. Alphabet Inc. has a one year low of $162.00 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Equities analysts expect that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

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

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.