Alphabet Inc. $GOOGL Stock Position Boosted by Hartline Investment Corp

Hartline Investment Corp raised its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 136,491 shares of the information services provider’s stock after acquiring an additional 2,565 shares during the period. Alphabet accounts for about 4.3% of Hartline Investment Corp’s portfolio, making the stock its 6th largest position. Hartline Investment Corp’s holdings in Alphabet were worth $39,249,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Horst & Graben Wealth Management LLC increased its holdings in shares of Alphabet by 15.1% during the 1st quarter. Horst & Graben Wealth Management LLC now owns 2,505 shares of the information services provider’s stock worth $720,000 after buying an additional 329 shares during the last quarter. Corus Family Wealth Advisors lifted its holdings in Alphabet by 1.5% in the first quarter. Corus Family Wealth Advisors now owns 2,090 shares of the information services provider’s stock valued at $601,000 after acquiring an additional 31 shares during the last quarter. Hoey Investments Inc. grew its position in Alphabet by 19.1% in the first quarter. Hoey Investments Inc. now owns 33,578 shares of the information services provider’s stock worth $9,656,000 after acquiring an additional 5,388 shares during the period. R Squared Ltd purchased a new position in Alphabet in the first quarter worth approximately $1,819,000. Finally, Resonant Capital Advisors LLC increased its stake in Alphabet by 13.9% during the first quarter. Resonant Capital Advisors LLC now owns 48,066 shares of the information services provider’s stock worth $13,822,000 after acquiring an additional 5,881 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Bank of America said Alphabet could beat second-quarter expectations, citing strength in Google Cloud and a potential boost from its Anthropic stake; the firm raised estimates and kept a bullish view. Alphabet could crush estimates on Cloud strength, Anthropic windfall: BofA
• Positive Sentiment: Multiple analysts reiterated constructive views on Alphabet ahead of earnings, with reports highlighting earnings growth, price strength, and a favorable setup for the upcoming results. Alphabet Set for Solid Quarterly Results on Cloud Strength, BofA Says
• Positive Sentiment: Warren Buffett’s comments that he initiated Berkshire Hathaway’s Alphabet investment added a sentiment boost, reinforcing confidence in the stock’s long-term appeal. Warren Buffett tells CNBC he initiated Berkshire Hathaway’s investment in Alphabet
• Positive Sentiment: Google also unveiled product updates in AI Mode and Google Vids, which support the view that Alphabet is still expanding its AI ecosystem and monetization opportunities. Google’s AI Mode now lets you link and interact with select apps
• Neutral Sentiment: Alphabet remains a major earnings watch name ahead of next week’s report, with investors focused on Cloud growth, Search resilience, and capital spending trends.
• Negative Sentiment: Bloomberg reported that Google’s Gemini 3.5 Pro AI model is months behind schedule and has fallen short of internal coding goals, raising questions about execution in a key AI product area. Google Gemini launch delayed as tech falls short of internal goals, Bloomberg News reports
• Negative Sentiment: The European Union issued new rules requiring Google to share more search data and open Android to rival AI companies, adding to Alphabet’s regulatory overhang in Europe. Google required to open up to AI, search engine rivals under EU-mandated changes
• Negative Sentiment: Law firms also announced a securities fraud investigation tied to the AI delay report, which can increase investor caution and volatility around the stock. Securities Fraud Investigation Into Alphabet Inc. (GOOG) Announced

Analysts Set New Price Targets

GOOGL has been the topic of a number of research analyst reports. Morgan Stanley restated an “overweight” rating and issued a $415.00 target price (up from $375.00) on shares of Alphabet in a research report on Tuesday, June 30th. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a research report on Monday, June 22nd. Canaccord Genuity Group upped their target price on shares of Alphabet from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. BNP Paribas Exane upped their target price on shares of Alphabet from $390.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Barclays reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average target price of $413.73.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 1,481 shares in the company, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 159,415 shares of company stock worth $7,672,279. 11.61% of the stock is owned by insiders.

Alphabet Price Performance

GOOGL stock opened at $354.46 on Friday. The business’s 50-day moving average is $369.97 and its two-hundred day moving average is $337.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market capitalization of $4.29 trillion, a P/E ratio of 27.04, a P/E/G ratio of 1.58 and a beta of 1.24. Alphabet Inc. has a 1 year low of $180.48 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Analysts anticipate that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio is 6.71%.

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.