Ebert Capital Management Inc. Makes New Investment in Alphabet Inc. $GOOGL

Ebert Capital Management Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,396 shares of the information services provider’s stock, valued at approximately $7,232,000. Alphabet comprises approximately 6.8% of Ebert Capital Management Inc.’s investment portfolio, making the stock its 4th biggest position.

Other institutional investors have also modified their holdings of the company. PMV Capital Advisers LLC purchased a new position in shares of Alphabet during the 4th quarter worth $38,000. Kentucky Trust Co raised its holdings in shares of Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after acquiring an additional 100 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of Alphabet during the 3rd quarter worth $53,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Alphabet during the 3rd quarter worth $53,000. Finally, Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet during the 4th quarter worth $69,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the topic of several analyst reports. Canaccord Genuity Group lifted their price target on Alphabet from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wolfe Research reduced their price target on Alphabet from $390.00 to $360.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Rosenblatt Securities reiterated a “neutral” rating and set a $393.00 price target on shares of Alphabet in a report on Thursday, May 21st. Dbs Bank lifted their price target on Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Finally, Phillip Securities lifted their price target on Alphabet from $340.00 to $395.00 and gave the stock a “moderate buy” rating in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $412.65.

Alphabet Stock Up 0.3%

Shares of GOOGL opened at $390.13 on Friday. The firm has a market cap of $4.73 trillion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61. The company’s 50-day moving average price is $344.32 and its 200 day moving average price is $324.52. 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 issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, sell-side analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a $0.22 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s payout ratio is presently 6.41%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud announced a partnership with Swedish private equity firm EQT to help more than 300 portfolio companies accelerate AI adoption, reinforcing Google Cloud’s enterprise AI momentum. Reuters: Private equity firm EQT partners with Google Cloud for AI rollout
• Positive Sentiment: Waymo, Alphabet’s self-driving unit, began opening its new Ojai robotaxi to select riders; the vehicle is designed to be cheaper to manufacture and lower fleet-expansion costs, which could improve the long-term economics of the business. CNBC: Waymo opens Ojai robotaxis to select riders
• Positive Sentiment: Cantor Fitzgerald reportedly reiterated a bullish view on Alphabet Class A shares, adding to the case that investors still see upside in the company’s core businesses and AI initiatives.
• Neutral Sentiment: Alphabet is testing Gemini-powered Search ad formats, including conversational discovery and highlighted answers, which could eventually boost monetization but is still in the early rollout phase. Yahoo Finance: GOOGL’s Innovative Ad Format to Boost Search Growth
• Neutral Sentiment: Several pieces focused on Alphabet’s stock valuation and technical setup, including commentary suggesting support near current levels and possible upside toward $400, but these are market opinions rather than new fundamentals. Finbold: Google stock is guaranteed to hit $400…
• Negative Sentiment: The U.S. Justice Department charged a Google software engineer with insider trading tied to Polymarket bets, which adds reputational noise and could keep scrutiny on Alphabet’s internal controls and compliance culture. Reuters: US charges Google engineer with insider trading on Polymarket
• Negative Sentiment: Competitor commentary, including DuckDuckGo’s criticism of Google’s AI search overhaul and claims that some users are switching away, highlights ongoing competitive and antitrust pressure on Alphabet’s Search franchise. Yahoo Finance: ‘It’s Time To Fire Google,’ Urges Alphabet’s Search Engine Rival

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $371.00, for a total value of $37,842.00. Following the completion of the transaction, the director directly owned 18,621 shares of the company’s stock, valued at $6,908,391. The trade was a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 226,481 shares of company stock worth $27,422,061 in the last 90 days. Insiders own 11.61% of the company’s stock.

Alphabet Company 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.