Riverstone Advisors LLC Has $22.02 Million Position in Alphabet Inc. $GOOGL

Riverstone Advisors LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,560 shares of the information services provider’s stock after selling 4,907 shares during the period. Alphabet accounts for 10.9% of Riverstone Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Riverstone Advisors LLC’s holdings in Alphabet were worth $22,016,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MBE Wealth Management LLC increased its holdings in shares of Alphabet by 10.1% in the first quarter. MBE Wealth Management LLC now owns 1,992 shares of the information services provider’s stock worth $573,000 after purchasing an additional 183 shares during the period. Maridea Wealth Management LLC boosted its stake in Alphabet by 4.3% during the first quarter. Maridea Wealth Management LLC now owns 7,430 shares of the information services provider’s stock valued at $2,137,000 after buying an additional 306 shares during the period. Laurel Oak Wealth Management LLC boosted its stake in Alphabet by 1.1% during the first quarter. Laurel Oak Wealth Management LLC now owns 57,138 shares of the information services provider’s stock valued at $16,431,000 after buying an additional 639 shares during the period. Crown Wealth Group LLC grew its position in Alphabet by 1.3% during the first quarter. Crown Wealth Group LLC now owns 20,087 shares of the information services provider’s stock worth $5,776,000 after buying an additional 264 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in Alphabet by 0.8% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 83,962 shares of the information services provider’s stock worth $24,144,000 after buying an additional 651 shares in the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several recent stories highlight Alphabet’s AI and cloud momentum, including Google Cloud traction with enterprise customers like Jack Henry and growing use of Google’s cloud tech by Italy’s Intesa Sanpaolo, which supports the bull case for future growth. Article Title
• Positive Sentiment: Jim Cramer argued that Alphabet still looks cheap, reinforcing a valuation-supportive narrative for GOOGL after its pullback. Article Title
• Positive Sentiment: Wall Street sentiment remains constructive, with Wells Fargo keeping an overweight rating and multiple analysts maintaining buy recommendations, which may help support the stock. Article Title
• Neutral Sentiment: Alphabet’s insider selling by John Kent Walker appears routine and is not, by itself, a major fundamental concern for investors. Article Title
• Neutral Sentiment: Coverage around Alphabet’s growing role in AI-powered shopping, robotaxis, and other ecosystem developments adds to the long-term story, but these are more thesis-supportive than immediate catalysts. Article Title
• Negative Sentiment: The biggest drag is the EU Supreme Court decision upholding Alphabet’s €4.1 billion Android antitrust fine, which reinforces legal and regulatory overhangs for the stock. Article Title
• Negative Sentiment: A separate Swedish court ruling ordered Alphabet to pay nearly $2 billion in a price-comparison dispute, adding to the sense that antitrust and competition risks remain active. Article Title

Insider Activity at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 112 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the sale, the director owned 18,833 shares of the company’s stock, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 160,465 shares of company stock worth $8,020,511 over the last ninety days. Insiders own 11.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research note on Monday, May 4th. Rothschild & Co Redburn boosted their price objective on Alphabet from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Daiwa Securities Group upped their price objective on shares of Alphabet from $380.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Phillip Securities raised their target price on shares of Alphabet from $340.00 to $395.00 and gave the company a “moderate buy” rating in a research note on Wednesday, April 15th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $415.00 target price (up from $375.00) on shares of Alphabet in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $413.54.

Alphabet Price Performance

Shares of Alphabet stock opened at $359.91 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. The business’s 50 day simple moving average is $371.05 and its two-hundred day simple moving average is $334.41. The stock has a market capitalization of $4.36 trillion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24. Alphabet Inc. has a one year low of $172.77 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Analysts forecast that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. 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%. Alphabet’s payout ratio is presently 6.71%.

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.