Verus Capital Partners LLC Has $37.14 Million Stake in Alphabet Inc. $GOOGL

Verus Capital Partners LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,664 shares of the information services provider’s stock after buying an additional 4,350 shares during the period. Alphabet accounts for approximately 2.3% of Verus Capital Partners LLC’s investment portfolio, making the stock its 6th biggest holding. Verus Capital Partners LLC’s holdings in Alphabet were worth $37,142,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. CIBC Bancorp USA Inc. purchased a new position in Alphabet during the third quarter valued at $416,217,000. NewEdge Wealth LLC lifted its position in Alphabet by 11.8% during the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider’s stock valued at $277,696,000 after buying an additional 93,293 shares during the period. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust purchased a new position in Alphabet during the fourth quarter valued at $28,902,000. Private Advisory Group LLC boosted its position in shares of Alphabet by 12.2% in the 4th quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider’s stock worth $7,736,000 after purchasing an additional 2,678 shares in the last quarter. Finally, AE Wealth Management LLC boosted its position in shares of Alphabet by 8.5% in the 3rd quarter. AE Wealth Management LLC now owns 924,927 shares of the information services provider’s stock worth $224,850,000 after purchasing an additional 72,235 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Down 2.2%

Shares of Alphabet stock opened at $356.38 on Thursday. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The business has a 50-day moving average price of $357.80 and a 200-day moving average price of $329.64. The firm has a market cap of $4.32 trillion, a price-to-earnings ratio of 27.18, a PEG ratio of 1.56 and a beta of 1.23. The company has a quick ratio of 1.92, a current 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Equities research analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

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

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 8,993 shares of the stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the transaction, the insider owned 51,808 shares of the company’s stock, valued at $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares of the company’s stock, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 193,016 shares of company stock valued at $17,282,549. Company insiders own 11.61% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 EPS estimates for Alphabet, signaling confidence in the company’s earnings outlook and AI/cloud-driven growth. Veteran Analyst Firm Resets Alphabet Forecast for 2027
• Positive Sentiment: Google expanded Gemini features for small businesses, which could help drive broader adoption of its AI tools and support future subscription revenue. Google Debuts Gemini Features Geared to Small Businesses
• Positive Sentiment: Reports that Gemini app monthly users doubled to 900 million reinforce Alphabet’s momentum in AI products and its ability to monetize a large user base. Alphabet Inc. (GOOGL) Reports Doubling of Gemini App Monthly Users to 900 Million
• Neutral Sentiment: Alphabet’s valuation is being scrutinized after a strong run, with some market coverage focusing on whether recent momentum can continue at the same pace. Alphabet (NasdaqGS:GOOGL) Valuation Check As Share Price Momentum Cools After Strong Year
• Negative Sentiment: Google and Meta were denied a new trial in the youth social media addiction case, leaving a legal overhang in place for Alphabet’s YouTube business. Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge
• Negative Sentiment: News that Gemini and Google Workspace AI tools experienced outages could weigh on sentiment around product reliability, even if the impact is likely temporary. Gemini Is Down? Live Updates on Google Workspace’s AI Errors
• Negative Sentiment: A Reuters report said a fire at a third-party facility caused intermittent Google Cloud network disruptions in India, highlighting operational risk for the cloud business. Fire at third-party facility disrupts Google Cloud network traffic in India
• Negative Sentiment: A broader warning that the AI data-center buildout may be less certain than expected could pressure sentiment across hyperscalers, including Alphabet, if investors worry about returns on heavy AI infrastructure spending. Wall Street’s $800 Billion AI Data Center Bet Is Showing Cracks

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GOOGL. Evercore boosted their price target on Alphabet from $400.00 to $420.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Canaccord Genuity Group boosted their price target on Alphabet from $415.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Phillip Securities boosted their price target on Alphabet from $340.00 to $395.00 and gave the stock a “moderate buy” rating in a research report on Wednesday, April 15th. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, May 20th. Finally, HSBC reissued a “buy” rating and issued a $420.00 price target (down from $435.00) on shares of Alphabet in a research report on Tuesday, June 2nd. Two 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 company’s stock. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $413.13.

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.