Hoertkorn Richard Charles Has $11.87 Million Position in Alphabet Inc. $GOOGL

Hoertkorn Richard Charles trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 35.9% during the first quarter, Holdings Channel reports. The firm owned 41,265 shares of the information services provider’s stock after selling 23,080 shares during the quarter. Alphabet comprises 9.7% of Hoertkorn Richard Charles’ portfolio, making the stock its largest holding. Hoertkorn Richard Charles’ holdings in Alphabet were worth $11,866,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GOOGL. Lifetime Wealth Management P.C. acquired a new stake in Alphabet during the fourth quarter worth about $32,000. EMC Capital Management acquired a new position in Alphabet in the fourth quarter valued at approximately $33,000. PMV Capital Advisers LLC bought a new position in shares of Alphabet during the fourth quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. bought a new position in shares of Alphabet during the fourth quarter valued at approximately $38,000. Finally, Bard Associates Inc. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $52,000. 40.03% of the stock is currently owned by institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

Alphabet Stock Performance

Shares of GOOGL stock opened at $346.77 on Friday. Alphabet Inc. has a 12-month low of $183.71 and a 12-month high of $408.61. The firm has a market capitalization of $4.20 trillion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. The business has a 50 day simple moving average of $368.89 and a 200 day simple moving average of $337.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, equities research analysts anticipate that Alphabet Inc. will post 14.33 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial set a $430.00 price target on Alphabet and gave the stock a “buy” rating in a report on Friday, May 29th. Daiwa Securities Group increased their target price on Alphabet from $380.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Zacks Research upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. China Renaissance raised their target price on Alphabet from $400.00 to $485.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $390.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. Three 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $414.11.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frances Arnold sold 112 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the transaction, the director owned 18,833 shares of the company’s stock, valued at $6,615,656.24. This represents a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 159,415 shares of company stock valued at $7,672,279. 11.61% of the stock is 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.