L2 Asset Management LLC Has $10.59 Million Stock Holdings in Alphabet Inc. $GOOGL

L2 Asset Management LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 33,837 shares of the information services provider’s stock after selling 1,655 shares during the quarter. Alphabet comprises approximately 1.4% of L2 Asset Management LLC’s investment portfolio, making the stock its 16th biggest position. L2 Asset Management LLC’s holdings in Alphabet were worth $10,591,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GOOGL. Norges Bank acquired a new position in Alphabet during the 4th quarter worth approximately $30,534,239,000. Berkshire Hathaway Inc acquired a new position in Alphabet during the 3rd quarter worth approximately $4,338,397,000. Cardano Risk Management B.V. increased its position in Alphabet by 855.3% during the 4th quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock worth $4,546,413,000 after purchasing an additional 13,004,828 shares in the last quarter. Vanguard Group Inc. increased its position in Alphabet by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after purchasing an additional 12,531,695 shares in the last quarter. Finally, Capital World Investors increased its position in Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after purchasing an additional 11,605,785 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 1.1%

NASDAQ:GOOGL opened at $373.25 on Wednesday. The firm’s fifty day moving average is $363.48 and its 200-day moving average is $331.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a 52 week low of $162.00 and a 52 week high of $408.61. The firm has a market cap of $4.52 trillion, a P/E ratio of 28.47, a P/E/G ratio of 1.58 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last posted 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. 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 analyst estimates of $106.98 billion. Equities analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date 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 at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’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. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the business’s stock in a transaction 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 transaction, the insider owned 51,808 shares in the company, valued at $14,293,309.12. The trade was a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,466 shares of company stock worth $6,957,543 over the last ninety days. 11.61% of the stock is owned by corporate insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: HSBC announced a multi-year partnership with Google Cloud to expand its AI capabilities, reinforcing Alphabet’s cloud momentum and potential enterprise revenue growth. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google released Android 17 and Wear OS 7, while also adding new Gemini AI features and Pixel device upgrades, highlighting continued product innovation and deeper AI integration across its ecosystem. Android 17 launches with new multitasking tools as Google expands Gemini features
• Positive Sentiment: Google Cloud also landed a strategic partnership with Ineffable Intelligence, another sign that enterprises and AI startups are choosing Alphabet’s infrastructure for frontier AI development. Ineffable Intelligence Selects Google Cloud To Power Its Superintelligence Mission
• Neutral Sentiment: Several recent commentary pieces continued to frame Alphabet as a favorite large-cap AI name and a possible long-term winner, which may be supporting investor sentiment but does not reflect a new fundamental announcement. Alphabet: Still A Big Tech Pick To ‘Buy’ Now
• Neutral Sentiment: Google’s disclosure about Chinese-linked hackers targeting research facilities underscores its cybersecurity and threat-detection role, but the story is more about security awareness than a direct business driver. Chinese-linked hackers targeted U.S.,Canadian research facilities for a year, Google says
• Negative Sentiment: A separate report noted a small student walkout and boos during CEO Sundar Pichai’s Stanford commencement appearance, which is unlikely to affect fundamentals but adds a minor reputational headwind. Sundar Pichai faces boos, walkout at Stanford graduation ceremony over Google’s Israel, ICE ties

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Loop Capital boosted their target price on shares of Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a report on Friday, May 15th. BMO Capital Markets boosted their target price on shares of Alphabet from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Wolfe Research reduced their target price on shares of Alphabet from $390.00 to $360.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. CICC Research boosted their target price on shares of Alphabet from $388.00 to $407.91 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Phillip Securities boosted their target price on shares of 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 issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $413.13.

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.