Diversified Enterprises LLC Has $11.11 Million Stock Position in Alphabet Inc. $GOOGL

Diversified Enterprises LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 57.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 35,478 shares of the information services provider’s stock after purchasing an additional 12,936 shares during the period. Alphabet comprises 0.7% of Diversified Enterprises LLC’s holdings, making the stock its 20th largest position. Diversified Enterprises LLC’s holdings in Alphabet were worth $11,105,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. PMV Capital Advisers LLC acquired a new stake in Alphabet in the 4th quarter valued at about $38,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Alphabet in the 3rd quarter valued at about $53,000. Kentucky Trust Co raised its holdings in Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 100 shares during the period. iSAM Funds UK Ltd bought a new position in Alphabet in the 3rd quarter valued at about $53,000. Finally, Sellwood Investment Partners LLC bought a new position in Alphabet in the 3rd quarter valued at about $63,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet briefly surpassed NVIDIA in market value, highlighting renewed investor confidence in its AI strategy and earnings strength. Alphabet Is on the Brink of Beating NVIDIA in Market Value: ETFs to Buy
• Positive Sentiment: Google said it likely thwarted an AI-generated zero-day exploit, underscoring the strength of its cybersecurity capabilities and AI threat-detection tools. Google says it likely thwarted effort by hacker group to use AI for ‘mass exploitation event’
• Positive Sentiment: Alphabet is expanding Google Finance into Europe as part of its AI-focused product rollout, supporting the case for continued AI-driven innovation across its ecosystem. Google Finance Continues AI-Focused Expansion With EU Launch
• Neutral Sentiment: Alphabet is planning its first yen-denominated bond offering to help fund rising AI infrastructure spending, adding to its recent debt raises in other currencies. Alphabet considers first yen bond sale to fund AI goals
• Neutral Sentiment: Reports that short interest increased were based on zero shares reported, so they do not appear to provide meaningful directional signal for GOOGL.
• Negative Sentiment: The U.S. Commerce Department removed details from a public page about AI security testing involving Google, Microsoft, and xAI, which could raise mild regulatory transparency questions. Microsoft, Google, xAI security test details deleted from US government website

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Cantor Fitzgerald increased their price target on shares of Alphabet from $395.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Moffett Nathanson increased their price target on shares of Alphabet from $305.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Freedom Capital cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Sanford C. Bernstein reissued a “market perform” rating and issued a $390.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Oppenheimer increased their price target on shares of Alphabet from $360.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $407.86.

Alphabet Stock Down 3.0%

Shares of GOOGL opened at $388.64 on Tuesday. Alphabet Inc. has a 12 month low of $156.16 and a 12 month high of $402.00. The firm’s 50 day moving average is $322.04 and its 200-day moving average is $313.71. The stock has a market capitalization of $4.71 trillion, a PE ratio of 29.64, a P/E/G ratio of 1.64 and a beta of 1.26. 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 (NASDAQ:GOOGL) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. Equities research analysts forecast that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s payout ratio is 6.41%.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director directly owned 3,581 shares of the company’s stock, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 158,553 shares of company stock valued at $47,951,856 over the last ninety days. Company insiders own 11.61% of the company’s stock.

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.