Savant Capital LLC Sells 41,979 Shares of Alphabet Inc. $GOOGL

Savant Capital LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 24.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 132,349 shares of the information services provider’s stock after selling 41,979 shares during the period. Savant Capital LLC’s holdings in Alphabet were worth $41,425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC increased its holdings in Alphabet by 5.0% during the 4th quarter. Intech Investment Management LLC now owns 536,431 shares of the information services provider’s stock worth $167,903,000 after acquiring an additional 25,531 shares during the period. Houlihan Financial Resource Group Ltd. increased its holdings in Alphabet by 100.3% during the 4th quarter. Houlihan Financial Resource Group Ltd. now owns 38,442 shares of the information services provider’s stock worth $12,489,000 after acquiring an additional 19,253 shares during the period. CFS Investment Advisory Services LLC increased its holdings in Alphabet by 2.3% during the 4th quarter. CFS Investment Advisory Services LLC now owns 9,925 shares of the information services provider’s stock worth $3,107,000 after acquiring an additional 221 shares during the period. Constant Guidance Financial LLC increased its holdings in Alphabet by 90.7% during the 4th quarter. Constant Guidance Financial LLC now owns 18,107 shares of the information services provider’s stock worth $5,667,000 after acquiring an additional 8,611 shares during the period. Finally, Foundations Investment Advisors LLC increased its holdings in Alphabet by 12.1% during the 4th quarter. Foundations Investment Advisors LLC now owns 246,019 shares of the information services provider’s stock worth $77,004,000 after acquiring an additional 26,579 shares during the period. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GOOGL shares. Needham & Company LLC reissued a “buy” rating and issued a $450.00 price target on shares of Alphabet in a report on Wednesday, June 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Monday, April 20th. DZ Bank reissued a “buy” rating on shares of Alphabet in a report on Monday, February 16th. Piper Sandler reissued an “overweight” rating and issued a $445.00 price target (up from $425.00) on shares of Alphabet in a report on Monday, June 1st. Finally, CICC Research increased their price target on shares of Alphabet from $388.00 to $407.91 and gave the stock an “outperform” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

Alphabet Trading Up 0.3%

NASDAQ:GOOGL opened at $364.26 on Wednesday. The company has a 50-day moving average price of $356.15 and a 200-day moving average price of $329.17. Alphabet Inc. has a 12 month low of $162.00 and a 12 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 cap of $4.41 trillion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 1.56 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last posted its 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 firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Equities analysts predict that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 6.71%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the sale, the director directly owned 2,531 shares in the company, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 193,016 shares of company stock worth $17,282,549 in the last 90 days. Insiders own 11.61% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Gemini app reportedly doubled its monthly users to 900 million, reinforcing the company’s momentum in consumer AI and supporting the case that its AI investments are translating into real usage.
• Positive Sentiment: Wall Street commentary remains constructive, with one report citing TD Cowen’s view that Alphabet could rise further by 2027, reflecting ongoing confidence in its earnings power and AI/cloud growth.
• Positive Sentiment: Alphabet was highlighted as a long-term value-and-growth story, with its search cash engine funding a growing cloud and AI franchise at what some analysts view as an attractive valuation.
• Positive Sentiment: Alphabet’s recent convertible preferred offering and related financing coverage suggest it still has strong access to capital as it expands AI infrastructure, which can help fund growth initiatives.
• Neutral Sentiment: Alphabet’s large AI spending plans remain a key debate, with some analysts warning that rising capex could weigh on near-term profitability even if it supports future growth.
• Neutral Sentiment: Short-interest data showed no meaningful short position change, so it does not appear to be a major driver of the stock move.
• Neutral Sentiment: Reports linking Alphabet to major AI compute deals and supplier arrangements, including Google Cloud usage by other tech firms, reinforce its strategic importance in AI but are not directly tied to near-term earnings.
• Negative Sentiment: Several articles focus on pressure from Alphabet’s aggressive AI infrastructure spending, including concerns that capex could compress margins and make investors more cautious about the stock’s high expectations.
• Negative Sentiment: One report specifically warned that Alphabet’s net profit margin deserves closer scrutiny after the stock’s strong run, suggesting investors may be increasingly sensitive to any slowdown in profitability.

Alphabet 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.