Alphabet Inc. $GOOGL Shares Purchased by Hobart Private Capital LLC

Hobart Private Capital LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 153.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,884 shares of the information services provider’s stock after buying an additional 5,379 shares during the period. Hobart Private Capital LLC’s holdings in Alphabet were worth $2,781,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its position in Alphabet by 1.8% during the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after acquiring an additional 4,008,374 shares during the last quarter. Capital World Investors boosted its position in Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after acquiring an additional 11,605,785 shares during the last quarter. Capital Research Global Investors boosted its position in Alphabet by 15.7% during the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider’s stock worth $12,333,076,000 after acquiring an additional 6,874,381 shares during the last quarter. Invesco Ltd. boosted its position in Alphabet by 2.3% during the third quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider’s stock worth $10,984,744,000 after acquiring an additional 1,034,292 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Alphabet by 1.0% during the third quarter. Legal & General Group Plc now owns 39,250,829 shares of the information services provider’s stock worth $9,541,877,000 after acquiring an additional 392,547 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google’s Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron’s: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Alphabet Stock Performance

Shares of GOOGL stock opened at $385.69 on Monday. 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 market capitalization of $4.67 trillion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. The company has a 50 day moving average price of $313.72 and a 200 day moving average price of $308.70. Alphabet Inc. has a fifty-two week low of $147.84 and a fifty-two week high of $386.76.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS 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 company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Equities research analysts predict that Alphabet Inc. will post 12.94 EPS for the current fiscal 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 paid a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is currently 6.41%.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of analyst reports. Stifel Nicolaus set a $420.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research note on Thursday. Wedbush lifted their target price on shares of Alphabet from $360.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Rosenblatt Securities lifted their target price on shares of Alphabet from $357.00 to $393.00 and gave the stock a “neutral” rating in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research note on Monday, April 20th. Finally, Arete Research lifted their target price on shares of Alphabet from $380.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $397.48.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 617 shares of the 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 completion of the sale, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the transaction, the chief executive officer owned 1,642,060 shares of the company’s stock, valued at approximately $505,573,853.40. The trade was a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 191,053 shares of company stock worth $58,845,206 over the last 90 days. 11.61% of the stock is owned by corporate insiders.

About Alphabet

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.