Asset One Wealth Management LLC Invests $5.42 Million in Alphabet Inc. $GOOGL

Asset One Wealth Management LLC bought a new position in Alphabet Inc. (NASDAQ:GOOGL) in the 4th quarter, HoldingsChannel.com reports. The firm bought 15,770 shares of the information services provider’s stock, valued at approximately $5,420,000. Alphabet comprises approximately 0.8% of Asset One Wealth Management LLC’s portfolio, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Avala Global LP purchased a new position in shares of Alphabet in the 4th quarter worth about $39,908,000. Basso Capital Management L.P. boosted its holdings in shares of Alphabet by 24.3% in the 4th quarter. Basso Capital Management L.P. now owns 11,737 shares of the information services provider’s stock worth $3,674,000 after buying an additional 2,297 shares during the last quarter. BNB Wealth Management LLC purchased a new position in shares of Alphabet in the 4th quarter worth about $4,272,000. Ballast Financial Advisors LLC purchased a new position in shares of Alphabet in the 4th quarter worth about $480,000. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Alphabet by 0.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 86,499 shares of the information services provider’s stock worth $27,074,000 after buying an additional 706 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Down 2.5%

Shares of GOOGL opened at $363.79 on Thursday. The business’s 50-day moving average price is $364.75 and its 200-day moving average price is $331.35. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The stock has a market cap of $4.41 trillion, a PE ratio of 27.75, a P/E/G ratio of 1.60 and a beta of 1.23. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results 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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. On average, equities analysts forecast that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

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

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud is gaining momentum, with HSBC announcing a multi-year partnership to expand its AI usage on Google Cloud, and another AI startup, Ineffable Intelligence, choosing Google Cloud as its preferred infrastructure partner. These deals reinforce Alphabet’s position in enterprise AI and cloud growth. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google also unveiled a new Gemini-powered Google Home Speaker and broader Android 17/Gemini updates, highlighting continued product rollout across consumer devices and AI features that could support ecosystem engagement over time. Google bets on Gemini to reinvent the smart home speaker
• Positive Sentiment: At the G7, Google DeepMind’s Demis Hassabis joined other AI leaders in calling for a U.S.-led AI coalition, underscoring Alphabet’s influence in shaping the AI industry and keeping Google front and center in policy discussions. CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
• Neutral Sentiment: Analysts and commentary pieces remain mixed, with some still bullish on Alphabet’s AI and cloud growth while others warn that heavy capital spending, competition, and a stretched valuation could limit upside near term. Alphabet Drops 6% in a Month: Buy, Sell, or Hold the GOOGL Stock?
• Negative Sentiment: Alphabet faces fresh regulatory pressure in the U.K., where the competition watchdog set conduct requirements for Google Search to increase fairness and transparency in ranking results. That adds to worries about search monetization and long-term control over its core business. UK regulator sets out conduct requirements for Google’s search services

Analyst Ratings Changes

Several equities research analysts have commented on GOOGL shares. Piper Sandler reaffirmed an “overweight” rating and set a $445.00 price objective (up from $425.00) on shares of Alphabet in a report on Monday, June 1st. New Street Research upped their price objective on shares of Alphabet from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, June 5th. Oppenheimer upped their price objective on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Arete Research upped their price objective on shares of Alphabet from $405.00 to $425.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada set a $425.00 price objective on shares of Alphabet and gave the company an “outperform” rating in a report on Thursday, April 30th. Two 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 617 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Kent Walker sold 8,993 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 159,466 shares of company stock valued at $6,957,543. 11.61% of the stock is currently owned by insiders.

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.