Alphabet Inc. $GOOGL is Traveka Wealth LLC’s 9th Largest Position

Traveka Wealth LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 35.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 20,879 shares of the information services provider’s stock after acquiring an additional 5,466 shares during the period. Alphabet comprises about 2.3% of Traveka Wealth LLC’s holdings, making the stock its 9th biggest position. Traveka Wealth LLC’s holdings in Alphabet were worth $6,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GOOGL. Beaumont Asset Management L.L.C. raised its holdings in Alphabet by 1.5% in the 1st quarter. Beaumont Asset Management L.L.C. now owns 29,709 shares of the information services provider’s stock valued at $8,543,000 after acquiring an additional 430 shares during the last quarter. Welch Financial Planning LLC boosted its holdings in shares of Alphabet by 9.5% during the first quarter. Welch Financial Planning LLC now owns 2,660 shares of the information services provider’s stock worth $765,000 after purchasing an additional 230 shares during the last quarter. Cambient Family Office LLC grew its position in shares of Alphabet by 11.4% in the first quarter. Cambient Family Office LLC now owns 24,369 shares of the information services provider’s stock valued at $7,007,000 after purchasing an additional 2,496 shares during the period. Rooted Wealth Advisors Inc. grew its position in shares of Alphabet by 33.5% in the first quarter. Rooted Wealth Advisors Inc. now owns 7,542 shares of the information services provider’s stock valued at $2,169,000 after purchasing an additional 1,893 shares during the period. Finally, FWG Investments LLC. increased its stake in Alphabet by 46.6% in the first quarter. FWG Investments LLC. now owns 1,092 shares of the information services provider’s stock valued at $314,000 after purchasing an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $359.91 on Friday. The business’s fifty day moving average price is $371.05 and its 200 day moving average price is $334.41. Alphabet Inc. has a twelve month low of $172.77 and a twelve month high of $408.61. 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 market capitalization of $4.36 trillion, a P/E ratio of 27.45, a PEG ratio of 1.54 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last announced 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. The company had revenue of $109.90 billion during 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%. As a group, research analysts anticipate that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GOOGL. KeyCorp reiterated an “overweight” rating and set a $425.00 target price on shares of Alphabet in a research report on Wednesday, May 20th. Truist Financial set a $430.00 price target on Alphabet and gave the company a “buy” rating in a report on Friday, May 29th. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research note on Thursday, April 30th. Rosenblatt Securities reiterated a “neutral” rating and set a $393.00 price objective on shares of Alphabet in a report on Thursday, May 21st. Finally, Loop Capital raised their target price on shares of Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $413.54.

Alphabet News Summary

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 Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 160,465 shares of company stock worth $8,020,511. Company insiders own 11.61% of the company’s stock.

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.