Uhlmann Price Securities LLC Purchases 1,524 Shares of Alphabet Inc. $GOOGL

Uhlmann Price Securities LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 24.9% during the first quarter, Holdings Channel reports. The institutional investor owned 7,646 shares of the information services provider’s stock after purchasing an additional 1,524 shares during the period. Alphabet makes up approximately 0.1% of Uhlmann Price Securities LLC’s investment portfolio, making the stock its 27th biggest position. Uhlmann Price Securities LLC’s holdings in Alphabet were worth $2,204,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after acquiring an additional 12,531,695 shares during the period. State Street Corp raised its stake in Alphabet by 1.8% during the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares during the period. Geode Capital Management LLC raised its stake in Alphabet by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock valued at $45,625,595,000 after purchasing an additional 2,666,676 shares during the period. Norges Bank purchased a new position in Alphabet in the 4th quarter worth approximately $30,534,239,000. Finally, Bank of America Corp DE lifted its holdings in Alphabet by 4.9% in the 4th quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock worth $21,630,861,000 after purchasing an additional 3,218,852 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GOOGL shares. Wolfe Research cut their price objective on shares of Alphabet from $390.00 to $360.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Alphabet in a report on Tuesday, April 28th. Piper Sandler restated an “overweight” rating and set a $445.00 target price (up from $425.00) on shares of Alphabet in a research report on Monday, June 1st. Mizuho raised their target price on shares of Alphabet from $420.00 to $460.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

Alphabet Stock Down 0.9%

NASDAQ GOOGL opened at $346.66 on Wednesday. The stock has a 50 day moving average price of $368.25 and a 200-day moving average price of $332.50. Alphabet Inc. has a one year low of $166.13 and a one year high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $4.20 trillion, a P/E ratio of 26.44, a P/E/G ratio of 1.50 and a beta of 1.23.

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, topping the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for 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%. As a group, equities analysts predict that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is 6.71%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet will replace Verizon in the Dow Jones Industrial Average effective June 29, a notable prestige boost that could support passive fund buying and improve investor sentiment. Alphabet Set to Join and Honeywell International to Remain in Dow Jones Industrial Average
• Positive Sentiment: Jefferies reaffirmed its Buy rating on Alphabet, reinforcing confidence in the company’s long-term outlook. Alphabet had its “buy” rating reaffirmed by Jefferies Financial Group Inc.
• Positive Sentiment: Alphabet remains a major AI infrastructure beneficiary, with reports noting accelerating demand at Google Cloud, quarterly cloud revenue above $20 billion, and strong enterprise AI adoption. Alphabet Rides on Accelerating AI Infrastructure Demand: What’s Ahead?
• Neutral Sentiment: Google DeepMind announced a $75 million AI research partnership with A24, signaling continued investment in AI applications outside core search and cloud. Google DeepMind signs AI research deal with film studio A24
• Neutral Sentiment: Alphabet is still dominant in search, but new reports suggest competition from AI-powered alternatives is putting pressure on its long-term search leadership. Google’s online dominance Is showing signs of cracking in AI era
• Negative Sentiment: Investor sentiment was hurt by the departure of key AI figures, including Noam Shazeer and John Jumper, raising concerns that Alphabet is losing talent to OpenAI and Anthropic. Alphabet paces for worst day in a year on AI concerns after high-profile exits
• Negative Sentiment: Several reports say Google’s search dominance may be starting to crack as users test non-AI or AI-free search options, adding pressure on the company’s core revenue engine. Google Losing Ground as Consumers Seek Out Non-AI Search
• Negative Sentiment: Broader market concern over heavy AI capital spending and higher rates also weighed on megacap tech shares, contributing to Alphabet’s weakness. Alphabet, SpaceX, Intel, and More Stocks That Explain Today’s Market

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 617 shares of the 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 completion of the transaction, the chief accounting officer directly owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 160,516 shares of company stock worth $7,344,604. 11.61% of the stock is currently owned by corporate insiders.

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.