Quent Capital LLC Boosts Position in Alphabet Inc. $GOOGL

Quent Capital LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,822 shares of the information services provider’s stock after buying an additional 3,440 shares during the period. Alphabet accounts for 0.8% of Quent Capital LLC’s portfolio, making the stock its 26th biggest position. Quent Capital LLC’s holdings in Alphabet were worth $11,525,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. PMV Capital Advisers LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $38,000. Kentucky Trust Co increased its position in shares of Alphabet by 142.9% during the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after buying an additional 100 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of Alphabet during the third quarter valued at about $53,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Alphabet during the third quarter valued at about $53,000. Finally, Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet during the fourth quarter valued at about $69,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GOOGL shares. BMO Capital Markets boosted their price target on shares of Alphabet from $410.00 to $435.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. DZ Bank reiterated a “buy” rating on shares of Alphabet in a research report on Monday, February 16th. Citizens Jmp boosted their price target on shares of Alphabet from $385.00 to $515.00 and gave the company a “market outperform” rating in a research report on Monday, May 4th. Robert W. Baird upped their price target on Alphabet from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $425.00 price target (up from $395.00) on shares of Alphabet 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 assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $407.86.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the sale, the director owned 4,631 shares in the company, valued at $1,405,091.71. The trade was a 18.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total transaction of $33,934.88. Following the completion of the sale, the director owned 18,418 shares in the company, valued at approximately $5,580,469.82. The trade was a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 157,953 shares of company stock worth $47,767,818 in the last quarter. 11.61% of the stock is owned by insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner, with multiple reports highlighting strong demand for its infrastructure, cloud, and Gemini AI efforts as hyperscalers pour capital into AI. Hyperscalers Now Competing With US Treasury for Capital, Driving Up Government Borrowing Costs
• Positive Sentiment: Alphabet’s stock has been re-rated higher by the market, with analysts and commentators pointing to a stronger valuation profile and improved confidence in its earnings power. Why The Market Is Re-Rating Google Stock
• Positive Sentiment: Alphabet’s Google Pay partnership with Affirm could broaden monetization and make Google’s payments ecosystem more attractive to consumers and merchants. Affirm’s Google Deal Aims for Your Wallet (GOOGL)
• Positive Sentiment: Reports say Alphabet is gaining momentum in government AI contracts, which could open a new high-value revenue stream and help diversify away from ads. Why Palantir Suddenly Looks Vulnerable After Google’s Move

Alphabet Trading Down 0.4%

Shares of GOOGL stock opened at $401.07 on Friday. 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 12-month low of $162.00 and a 12-month high of $403.70. The stock has a market capitalization of $4.86 trillion, a P/E ratio of 30.59, a P/E/G ratio of 1.72 and a beta of 1.26. The firm’s 50 day moving average is $327.43 and its 200 day moving average is $316.71.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $106.98 billion. Research analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is presently 6.41%.

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.