Alphabet Inc. $GOOG Stock Position Raised by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOG) by 5.3% during the fourth quarter, HoldingsChannel reports. The firm owned 436,268 shares of the information services provider’s stock after buying an additional 21,935 shares during the period. Alphabet comprises about 1.2% of Intech Investment Management LLC’s portfolio, making the stock its 9th biggest holding. Intech Investment Management LLC’s holdings in Alphabet were worth $136,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Imprint Wealth LLC purchased a new stake in Alphabet in the third quarter valued at approximately $31,000. Towne Trust Company N.A raised its stake in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. Creative Capital Management Investments LLC raised its stake in Alphabet by 1,438.5% in the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock valued at $63,000 after purchasing an additional 187 shares in the last quarter. Finally, Optima Capital LLC purchased a new stake in Alphabet in the fourth quarter valued at approximately $79,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Down 1.0%

NASDAQ GOOG opened at $365.76 on Friday. Alphabet Inc. has a 1-year low of $163.33 and a 1-year high of $404.47. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $350.06 and a 200-day moving average of $327.07. The firm has a market cap of $4.43 trillion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. During the same quarter last year, the business earned $2.81 earnings per share. The business’s revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts forecast that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. This is a positive change 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 is Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is 6.41%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the transaction, the director owned 2,531 shares in the company, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 1,642,060 shares in the company, valued at $505,573,853.40. This represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 193,016 shares of company stock valued at $17,282,549. 12.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on GOOG shares. TD Cowen reissued a “buy” rating on shares of Alphabet in a research note on Thursday, May 21st. Truist Financial set a $430.00 price target on shares of Alphabet in a research note on Monday, June 1st. Stifel Nicolaus set a $420.00 price target on shares of Alphabet in a research note on Wednesday, May 20th. KeyCorp reissued an “overweight” rating on shares of Alphabet in a research note on Wednesday, May 20th. Finally, DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research note on Monday, February 16th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Buy” and a consensus price target of $376.00.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet signed a major cloud-computing agreement with SpaceX, with reports putting the deal at about $920 million per month for 32 months, which could provide a meaningful revenue stream and reinforce demand for Google Cloud. Article Title
• Positive Sentiment: Alphabet’s municipal-bond debut drew strong investor demand, suggesting institutions still view the company as a high-quality borrower with flexible financing options. Article Title
• Positive Sentiment: Some investors and analysts said the equity raise is a strategic move to accelerate AI infrastructure and may help Alphabet defend and expand its long-term leadership in search, cloud, and AI. Article Title
• Neutral Sentiment: Alphabet also appeared in commentary about AI-related partnerships, including potential indirect benefits from the SpaceX IPO and other cloud collaborations, but these are mostly longer-term strategic themes rather than immediate catalysts. Article Title
• Negative Sentiment: Wall Street coverage focused heavily on Alphabet’s expanding capital expenditures, with some commentators warning that the AI buildout may be getting too expensive and could pressure free cash flow. Article Title

Alphabet Company Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.