Reflection Asset Management Invests $2.96 Million in Alphabet Inc. $GOOGL

Reflection Asset Management purchased a new position in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,465 shares of the information services provider’s stock, valued at approximately $2,963,000. Alphabet accounts for 2.1% of Reflection Asset Management’s investment portfolio, making the stock its 7th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new position in Alphabet during the 3rd quarter worth $416,217,000. NewEdge Wealth LLC lifted its holdings in Alphabet by 11.8% during the 4th quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider’s stock worth $277,696,000 after buying an additional 93,293 shares during the period. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in shares of Alphabet in the 4th quarter valued at about $28,902,000. Private Advisory Group LLC grew its position in shares of Alphabet by 12.2% in the 4th quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider’s stock valued at $7,736,000 after buying an additional 2,678 shares during the last quarter. Finally, Berkshire Hathaway Inc acquired a new stake in shares of Alphabet in the third quarter valued at about $4,338,397,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
• Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
• Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
• Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
• Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
• Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
• Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
• Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. The trade was a 41.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the transaction, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 160,516 shares of company stock worth $7,344,604. Corporate insiders own 11.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GOOGL shares. Rosenblatt Securities restated a “neutral” rating and set a $393.00 price objective on shares of Alphabet in a research report on Thursday, May 21st. UBS Group reiterated a “neutral” rating on shares of Alphabet in a report on Wednesday, May 20th. New Street Research increased their target price on shares of Alphabet from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Piper Sandler restated an “overweight” rating and set a $445.00 price target (up from $425.00) on shares of Alphabet in a report on Monday, June 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $413.13.

Alphabet Stock Up 0.1%

Shares of Alphabet stock opened at $368.48 on Monday. The stock’s 50-day moving average is $367.04 and its 200 day moving average is $332.07. Alphabet Inc. has a one year low of $162.00 and a one year high of $408.61. The firm has a market cap of $4.46 trillion, a price-to-earnings ratio of 28.11, a PEG ratio of 1.57 and a beta of 1.23. 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 issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Equities research analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed 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 positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s payout ratio is 6.71%.

About Alphabet

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.