Larry Mathis Financial Planning LLC Buys Shares of 3,918 Alphabet Inc. $GOOGL

Larry Mathis Financial Planning LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, Holdings Channel reports. The institutional investor bought 3,918 shares of the information services provider’s stock, valued at approximately $1,226,000. Alphabet makes up approximately 1.1% of Larry Mathis Financial Planning LLC’s investment portfolio, making the stock its 20th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Lifetime Wealth Management P.C. acquired a new position in Alphabet during the fourth quarter valued at approximately $32,000. EMC Capital Management acquired a new stake in shares of Alphabet in the 4th quarter valued at $33,000. PMV Capital Advisers LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at $38,000. IFC & Insurance Marketing Inc. bought a new position in shares of Alphabet in the 4th quarter valued at $38,000. Finally, Bard Associates Inc. bought a new position in shares of Alphabet in the 4th quarter valued at $52,000. Institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GOOGL shares. Barclays restated a “buy” rating on shares of Alphabet in a research report on Friday, May 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $390.00 target price (up from $345.00) on shares of Alphabet in a research report on Thursday, April 30th. Citigroup reissued an “outperform” rating on shares of Alphabet in a research note on Monday, May 4th. Mizuho increased their target price on shares of Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Finally, Robert W. Baird raised their price target on shares of Alphabet from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $413.13.

Alphabet Price Performance

Shares of GOOGL opened at $368.48 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.46 trillion, a PE ratio of 28.11, a PEG ratio of 1.57 and a beta of 1.23. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61. The business has a 50-day simple moving average of $367.04 and a two-hundred day simple moving average of $332.07.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The firm 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%. Analysts anticipate that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the transaction, the director directly owned 18,721 shares in the company, valued at approximately $7,132,701. This represents a 0.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction 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 SEC filing for this sale provides additional information. Insiders sold 160,516 shares of company stock worth $7,344,604 over the last quarter. Insiders own 11.61% of the company’s stock.

More 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

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.