Naman Capital Ltda Trims Position in Alphabet Inc. $GOOG

Naman Capital Ltda decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 23.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,760 shares of the information services provider’s stock after selling 9,240 shares during the period. Alphabet makes up 2.7% of Naman Capital Ltda’s portfolio, making the stock its 8th largest position. Naman Capital Ltda’s holdings in Alphabet were worth $9,652,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kathmere Capital Management LLC boosted its position in Alphabet by 8.5% during the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider’s stock worth $9,381,000 after acquiring an additional 2,341 shares during the last quarter. Baltimore Washington Financial Advisors Inc. raised its holdings in shares of Alphabet by 0.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider’s stock valued at $53,920,000 after purchasing an additional 2,009 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its position in shares of Alphabet by 1.0% in the fourth 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 position in shares of Alphabet by 7.5% in the fourth 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 boosted its holdings in Alphabet by 1.0% during the third 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 during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the sale, the director owned 2,531 shares in the company, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 160,516 shares of company stock valued at $7,344,604. 12.99% of the stock is currently owned by insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to draw bullish attention as investors highlight accelerating Google Cloud growth, improving margins, and a very large backlog that suggests strong demand for AI and cloud services. Alphabet: Google Cloud Is Outperforming Azure And AWS; $462 Billion Backlog Requires More AI Investments
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake significantly, which is being read as a strong vote of confidence in GOOG’s long-term outlook. Berkshire Hathaway Expands Alphabet (GOOGL) Stake to 58M Shares as Ackman Exits
• Positive Sentiment: Alphabet’s major AI and data-center investments, including a reported $1.5 billion Alabama campus expansion and broader capex plans, are supporting the view that the company is buying future growth. Alphabet (GOOGL) Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $367.46 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.45 trillion, a P/E ratio of 28.03, a P/E/G ratio of 1.57 and a beta of 1.22. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. The stock has a 50 day moving average of $364.31 and a 200-day moving average of $331.07.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. During the same quarter in the prior year, the business earned $2.81 EPS. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities research analysts predict that Alphabet Inc. will post 14.3 EPS for the current 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 $0.22 dividend. This is an increase 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 was Monday, June 8th. Alphabet’s dividend payout ratio is presently 6.71%.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $435.00 target price on shares of Alphabet in a research report on Tuesday, June 2nd. The Goldman Sachs Group restated a “buy” rating and set a $450.00 price objective on shares of Alphabet in a research note on Thursday, May 21st. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Monday, April 20th. Freedom Capital cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Oppenheimer lifted their target price on Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. 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’s stock. According to MarketBeat.com, Alphabet currently has an average rating of “Buy” and an average price target of $376.78.

Alphabet Profile

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.