QRG Capital Management Inc. Has $225.20 Million Stock Position in Alphabet Inc. $GOOG

QRG Capital Management Inc. grew its position in Alphabet Inc. (NASDAQ:GOOG) by 15.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 785,062 shares of the information services provider’s stock after purchasing an additional 105,517 shares during the quarter. Alphabet comprises approximately 2.3% of QRG Capital Management Inc.’s investment portfolio, making the stock its 7th biggest position. QRG Capital Management Inc.’s holdings in Alphabet were worth $225,203,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Alphabet by 2.0% in the 4th 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 in the last quarter. State Street Corp increased its position in Alphabet by 0.5% during the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock worth $58,712,878,000 after buying an additional 953,790 shares during the period. Auto Owners Insurance Co lifted its holdings in shares of Alphabet by 38,409.2% during the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock worth $5,643,262,000 after buying an additional 179,369,280 shares in the last quarter. J. Stern & Co. LLP lifted its holdings in shares of Alphabet by 28,482.8% during the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after buying an additional 111,699,704 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Alphabet by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock valued at $31,569,189,000 after acquiring an additional 1,073,151 shares during the period. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Down 0.4%

Shares of GOOG opened at $363.62 on Wednesday. Alphabet Inc. has a 52 week low of $173.88 and a 52 week high of $404.47. The stock has a market capitalization of $4.41 trillion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.56 and a beta of 1.23. 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 stock has a fifty day moving average of $369.28 and a 200-day moving average of $334.35.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.Alphabet’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the business posted $2.81 EPS. As a group, sell-side analysts anticipate that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a dividend of $0.22 per share. 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 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s payout ratio is 6.71%.

Insider Activity

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director owned 1,481 shares in the company, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 160,465 shares of company stock valued at $8,020,511. 12.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Needham & Company LLC set a $400.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, March 13th. Stifel Nicolaus set a $420.00 price target on Alphabet in a research report on Wednesday, May 20th. Raymond James Financial restated a “strong-buy” rating and set a $425.00 price objective on shares of Alphabet in a research note on Thursday, April 30th. Pivotal Research reaffirmed a “buy” rating and issued a $470.00 price objective (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Finally, Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $376.19.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street is looking for another strong earnings report from Alphabet, with AI and Google Cloud expected to keep driving growth ahead of the company’s upcoming results. Alphabet Q2 Earnings Preview: What To Expect From Upcoming Report
• Positive Sentiment: Alphabet’s Google unit joined a €411 million funding round for Proxima Fusion, reinforcing its interest in frontier energy and other long-duration AI-adjacent opportunities. Google, RWE back Proxima Fusion in €411 million financing round
• Positive Sentiment: Coverage highlighting Alphabet as a potential “forever holding” for Berkshire-style investors may be helping reinforce the stock’s long-term AI and cash-flow appeal. Prediction: This Magnificent Artificial Intelligence (AI) Stock Will Become Berkshire’s Next Forever Holding
• Neutral Sentiment: Alphabet announced that its Made by Google Pixel event will be held on August 12, which could build anticipation for new hardware updates but is not a major fundamental catalyst by itself. Google’s Pixel event is set for August 12
• Neutral Sentiment: Commentary comparing Alphabet with Palantir and Taiwan Semiconductor keeps Alphabet in the center of AI-stock debates, but these are mostly valuation and relative-performance discussions rather than direct business news. Palantir Vs. Google: Why Palantir is Surging in July and Should Investors Buy it Over Google?
• Negative Sentiment: TechCrunch reported that Google is expanding AI training to include more user-uploaded media, which could raise fresh privacy concerns and fuel scrutiny over how customer data is used. If you use Google, you’re training its AI. Here’s how to opt out.
• Negative Sentiment: Business Insider noted that Google’s status as a top tech employer is becoming less certain as AI-linked salary competition pushes some talent elsewhere, which could add pressure to retention. Google’s status as the dream tech job is changing. FOMO over AI salaries is only one reason why.

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.