Regency Capital Management Inc. DE Invests $1.26 Million in Alphabet Inc. $GOOG

Regency Capital Management Inc. DE purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, HoldingsChannel reports. The fund purchased 4,020 shares of the information services provider’s stock, valued at approximately $1,262,000.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Alphabet by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after buying an additional 8,128,234 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Alphabet by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock valued at $24,240,469,000 after buying an additional 7,904,434 shares during the last quarter. Norges Bank purchased a new stake in shares of Alphabet during the fourth quarter valued at about $18,093,665,000. Alliancebernstein L.P. lifted its position in shares of Alphabet by 5.8% during the third quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider’s stock valued at $9,749,864,000 after buying an additional 2,209,203 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Alphabet by 0.7% during the third quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider’s stock valued at $7,935,671,000 after buying an additional 223,743 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on GOOG. Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, March 13th. UBS Group reissued a “neutral” rating and set a $348.00 price target (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. KeyCorp reissued an “overweight” rating on shares of Alphabet in a research report on Wednesday, May 20th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $425.00 price target on shares of Alphabet in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $376.78.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction that occurred on 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 $2,923,235.59. This trade represents a 5.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction that occurred 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 directly owned 18,721 shares in the company, valued at $7,132,701. The trade was a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 193,016 shares of company stock worth $17,282,549. 12.99% of the stock is currently owned by insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is expanding Gemini with new tools aimed at small businesses, which could help broaden adoption and monetize AI services. Google Debuts Gemini Features Geared to Small Businesses
• Positive Sentiment: Alphabet’s support for Anthropic’s $35 billion AI infrastructure financing deal reinforces its central role in AI buildout and could boost cloud demand. Google Backs $35 Billion Anthropic AI Infrastructure Financing Deal
• Positive Sentiment: Reports that Gemini monthly users have doubled highlight strong product momentum and strengthen the long-term AI growth story. Alphabet Inc. (GOOGL) Reports Doubling of Gemini App Monthly Users to 900 Million
• Neutral Sentiment: Google’s reported $920 million-per-month AI compute deal with SpaceX may support future growth, but it also signals rising infrastructure spending and AI competition costs. Google’s $920 Million-a-Month Deal Could Supercharge the SpaceX IPO
• Negative Sentiment: A fire at a third-party data center caused intermittent Google Cloud disruptions in India, which could raise reliability concerns for some customers. Fire at third-party facility disrupts Google Cloud network traffic in India
• Negative Sentiment: A California judge denied Google’s request for a new trial in the youth social media addiction case, leaving legal liability concerns in place. Meta and Google denied new trial after landmark verdict in youth social media addiction case

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $353.32 on Thursday. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. The company’s 50 day moving average is $355.05 and its 200 day moving average is $328.84. 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 company has a market cap of $4.28 trillion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share 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 company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the prior year, the company earned $2.81 EPS. Alphabet’s quarterly revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts forecast that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio is currently 6.71%.

Alphabet 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.