Alphabet Inc. $GOOGL Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,000 shares of the information services provider’s stock after selling 2,000 shares during the quarter. Alphabet accounts for 1.8% of PKO Investment Management Joint Stock Co’s investment portfolio, making the stock its 12th largest holding. PKO Investment Management Joint Stock Co’s holdings in Alphabet were worth $21,855,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, Director Frances Arnold sold 102 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director owned 18,721 shares in the company, valued at approximately $7,132,701. This represents a 0.54% 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 link. Also, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 151,523 shares of company stock worth $4,863,526. 11.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several analyst reports. Canaccord Genuity Group boosted their price objective on Alphabet from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Evercore raised their target price on Alphabet from $400.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Royal Bank Of Canada set a $425.00 target price on Alphabet and gave the company an “outperform” rating in a research note on Thursday, April 30th. Barclays reiterated a “buy” rating on shares of Alphabet in a research report on Friday, May 29th. Finally, Wall Street Zen raised Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $413.13.

Alphabet Price Performance

NASDAQ:GOOGL opened at $337.39 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a one year low of $171.73 and a one year high of $408.61. The company has a fifty day moving average price of $368.94 and a 200 day moving average price of $332.88. The stock has a market cap of $4.09 trillion, a P/E ratio of 25.74, a PEG ratio of 1.47 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is 6.71%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Some analysts remain constructive on Alphabet’s growth outlook, pointing to rising advertising revenue and AI-driven ad tools as support for further upside. Alphabet Benefits From Rising Advertising Revenues: More Upside Ahead?
• Positive Sentiment: Reports that Alphabet is joining the Dow were viewed as a sign of prestige and long-term institutional support for the stock. Google Parent Alphabet Is Joining the Dow. Time to Buy?
• Positive Sentiment: Apple is reportedly paying Alphabet about $1 billion a year to use Gemini in Siri, highlighting another monetization path for Google’s AI platform even if the deal is smaller than Google’s search-payment arrangement with Apple. Apple Is Paying Google $1 Billion a Year for AI. Here’s Who the Real Winner Is.
• Neutral Sentiment: Wedbush said the recent sell-off in major AI names looks more like short-term investor impatience than a breakdown in the AI trade, suggesting the broader pullback may be a buying opportunity. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
• Neutral Sentiment: Google Finance launched a new app and upgraded portfolio-tracking features, which improve the product offering but are unlikely to move the stock on their own. Google Finance Debuts App and Investment Tracking Capabilities
• Negative Sentiment: Alphabet is facing renewed concern over AI talent departures, including reports of senior researchers leaving for rivals such as Anthropic and OpenAI, which raises questions about execution in Gemini and its broader AI strategy. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Google is also drawing criticism for tougher negotiations with publishers over AI content access, potentially worsening relations with media partners already seeing traffic declines from AI search changes. Google looks to bleed publishers with new AI partnerships that would cull their content
• Negative Sentiment: Multiple reports say AI-focused stocks, including Alphabet, are under pressure as investors question whether the “all-in on AI” trade has gone too far in the near term. PLTR, GOOG and MSFT Forecasts – AI Names Struggling at the Moment

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.