US Bancorp DE Sells 36,984 Shares of Alphabet Inc. $GOOG

US Bancorp DE lowered its position in Alphabet Inc. (NASDAQ:GOOG) by 1.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,902,067 shares of the information services provider’s stock after selling 36,984 shares during the quarter. Alphabet makes up about 0.7% of US Bancorp DE’s investment portfolio, making the stock its 27th largest position. US Bancorp DE’s holdings in Alphabet were worth $596,870,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the 4th quarter worth $38,000. Imprint Wealth LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $32,000. Towne Trust Company N.A raised its position in shares of Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after buying an additional 34 shares in the last quarter. Finally, Creative Capital Management Investments LLC raised its position in shares of Alphabet by 1,438.5% during the 4th quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock valued at $63,000 after buying an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $397.05 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a 1-year low of $153.83 and a 1-year high of $398.37. The firm has a market capitalization of $4.80 trillion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 1.62 and a beta of 1.25. The company’s 50-day moving average is $317.19 and its 200 day moving average is $311.59.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. 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 $106.96 billion. During the same period in the prior year, the company posted $2.81 EPS. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Research analysts forecast that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a research report on Monday, February 16th. KeyCorp set a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Freedom Capital lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, March 13th. Finally, TD Cowen increased their price objective on shares of Alphabet from $375.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $362.73.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: CEO Sundar Pichai said Google is having a “terrific start” to the year, reinforcing the view that Alphabet’s core business and AI initiatives are performing well and helping support the stock’s recent strength. CEO Sundar Pichai Says Google Is Having a ‘Terrific Start’ to the Year. Mag-7 Investors Agree as GOOGL Stock Leads the Way.
• Positive Sentiment: Goldman Sachs and other Wall Street observers remain constructive on Alphabet as an AI winner, citing its ability to benefit across the “AI stack” from models to cloud infrastructure. How High Can Alphabet Stock (GOOGL) Rise? Goldman Sachs Weighs In
• Positive Sentiment: Alphabet reportedly raised more than $17 billion through euro-denominated bonds and Canadian-dollar notes, showing it has access to cheap capital to fund AI investments and expand its competitive position. Alphabet Inc. (GOOGL) Raises Over $17 billion Through Euro-denominated Bonds
• Neutral Sentiment: Alphabet is now exploring a first-ever yen bond sale, which would add another funding source for AI growth; investors may view this as strategic, but it also signals higher capital needs. GOOGL Stock Falls as Alphabet Explores First Yen Bond Sale to Fund AI Growth
• Neutral Sentiment: Several hedge-fund filings showed mixed activity in Alphabet shares, with some managers adding while others trimmed positions, suggesting no clear change in the long-term story. Sands Capital’s Frank Sands Boosts Alphabet Class A Stake Suncoast Equity Management Trims Alphabet Class A Position

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total value of $9,877,400.00. Following the transaction, the chief executive officer directly owned 2,818,524 shares in the company, valued at $856,605,814.08. This represents a 1.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 955 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares in the company, valued at $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 158,553 shares of company stock valued at $47,951,856 over the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet Company 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.