King Luther Capital Management Corp Boosts Position in Alphabet Inc. $GOOG

King Luther Capital Management Corp grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,495,977 shares of the information services provider’s stock after acquiring an additional 46,386 shares during the period. Alphabet comprises approximately 3.2% of King Luther Capital Management Corp’s holdings, making the stock its 5th biggest position. King Luther Capital Management Corp’s holdings in Alphabet were worth $783,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of GOOG. Key Financial Inc lifted its position in shares of Alphabet by 2.2% during the fourth quarter. Key Financial Inc now owns 7,489 shares of the information services provider’s stock worth $2,350,000 after purchasing an additional 160 shares during the last quarter. Expressive Wealth LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $625,000. TrustBank acquired a new stake in Alphabet during the fourth quarter valued at approximately $349,000. M3 Wealth Management LLC bought a new position in Alphabet during the 4th quarter worth approximately $2,825,000. Finally, Integrity Advisory Solutions LLC grew its position in shares of Alphabet by 68.5% in the 4th quarter. Integrity Advisory Solutions LLC now owns 3,332 shares of the information services provider’s stock worth $1,046,000 after acquiring an additional 1,355 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In related news, 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 value of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director directly owned 2,531 shares in the company, valued at approximately $995,341.06. The trade was a 29.32% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 193,016 shares of company stock valued at $17,282,549. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

GOOG opened at $365.76 on Friday. The business’s 50 day moving average is $350.06 and its 200-day moving average is $327.07. The stock has a market cap of $4.43 trillion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 1.58 and a beta of 1.22. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. 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 analyst estimates of $106.96 billion. During the same period in the prior year, the company posted $2.81 EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date of this dividend is 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 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 6.41%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GOOG. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. Citigroup reissued a “market outperform” rating on shares of Alphabet in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Truist Financial set a $430.00 price objective on Alphabet in a research note on Monday. Finally, Freedom Capital lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $376.00.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet signed a major cloud-computing agreement with SpaceX, with reports putting the deal at about $920 million per month for 32 months, which could provide a meaningful revenue stream and reinforce demand for Google Cloud. Article Title
• Positive Sentiment: Alphabet’s municipal-bond debut drew strong investor demand, suggesting institutions still view the company as a high-quality borrower with flexible financing options. Article Title
• Positive Sentiment: Some investors and analysts said the equity raise is a strategic move to accelerate AI infrastructure and may help Alphabet defend and expand its long-term leadership in search, cloud, and AI. Article Title
• Neutral Sentiment: Alphabet also appeared in commentary about AI-related partnerships, including potential indirect benefits from the SpaceX IPO and other cloud collaborations, but these are mostly longer-term strategic themes rather than immediate catalysts. Article Title
• Negative Sentiment: Wall Street coverage focused heavily on Alphabet’s expanding capital expenditures, with some commentators warning that the AI buildout may be getting too expensive and could pressure free cash flow. Article Title

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.