Panagora Asset Management Inc. boosted its stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,815,394 shares of the information services provider’s stock after buying an additional 83,926 shares during the quarter. Alphabet makes up approximately 2.0% of Panagora Asset Management Inc.’s portfolio, making the stock its 8th largest holding. Panagora Asset Management Inc.’s holdings in Alphabet were worth $569,671,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Kathmere Capital Management LLC lifted its stake in Alphabet by 8.5% in the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider’s stock worth $9,381,000 after purchasing an additional 2,341 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its stake in Alphabet by 0.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider’s stock worth $53,920,000 after purchasing an additional 2,009 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its stake in Alphabet by 1.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider’s stock worth $86,596,000 after purchasing an additional 2,850 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Alphabet by 7.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider’s stock worth $19,060,000 after purchasing an additional 4,239 shares in the last quarter. Finally, Steginsky Capital LLC lifted its stake in Alphabet by 1.0% in the 3rd quarter. Steginsky Capital LLC now owns 680,588 shares of the information services provider’s stock worth $165,757,000 after purchasing an additional 6,523 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a research note on Wednesday, May 20th. Truist Financial set a $430.00 target price on shares of Alphabet in a research note on Monday, June 1st. TD Cowen raised their target price on shares of Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Pivotal Research reissued a “buy” rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. Finally, Freedom Capital lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $376.78.
Alphabet Stock Up 2.5%
GOOG stock opened at $367.11 on Tuesday. The firm has a market cap of $4.45 trillion, a PE ratio of 28.00, a PEG ratio of 1.53 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 firm’s 50 day moving average price is $359.16 and its 200-day moving average price is $329.82. Alphabet Inc. has a one year low of $163.33 and a one year high of $404.47.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.81 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current 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 given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is presently 6.71%.
Insider Activity
In other news, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider owned 51,808 shares of the company’s stock, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the sale, 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 quarter, insiders have sold 191,966 shares of company stock worth $16,963,968. 12.99% of the stock is owned by company insiders.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s cloud and AI momentum remains a major driver, with reports highlighting a growing Google Cloud backlog and stronger enterprise adoption of Gemini-powered AI tools, suggesting more room for revenue expansion. Why GOOGL Stock May Have More Room to Run Even After a 100% Rally
- Positive Sentiment: Analysts and commentators continue to point to Alphabet as a key AI winner, with bullish coverage tying the company to enterprise AI demand, cloud growth, and broad participation in the AI spending cycle. AI Is Reshaping FIFA World Cup 2026: 5 Stocks Likely to Gain
- Positive Sentiment: Alphabet is reportedly exploring Samsung as a potential manufacturing partner for its TPU chips as TSMC capacity tightens, which underscores strong demand for Google’s AI hardware and could improve supply-chain flexibility. Google’s Samsung Talks Highlight TSMC Capacity Crunch
- Neutral Sentiment: Google also drew attention for cybersecurity efforts after saying a Chinese-linked hacking group targeted U.S. and Canadian research facilities, a reminder of the company’s security capabilities but not a direct earnings catalyst. Chinese-linked hackers targeted U.S.,Canadian research facilities for a year, Google says
- Neutral Sentiment: Several articles and opinion pieces reinforced the bullish narrative on Alphabet’s AI strategy, including its more measured spending approach and its expanding role across search, cloud, and infrastructure. Bull v. Bear: GOOGL “Tortoise and Hare” AI Story
- Negative Sentiment: Alphabet’s large AI capital plans and stock issuance to help fund them could pressure margins or raise investor concerns about how much spending will be required to keep pace in the AI race. Alphabet is Raising $84.75 Billion to Win the AI Wars. Should Investors Celebrate or Worry?
About Alphabet
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.
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