Davidson Kahn Capital Management LLC Reduces Stock Holdings in Alphabet Inc. $GOOGL

Davidson Kahn Capital Management LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 11.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 26,375 shares of the information services provider’s stock after selling 3,300 shares during the quarter. Alphabet accounts for 4.3% of Davidson Kahn Capital Management LLC’s holdings, making the stock its 6th biggest position. Davidson Kahn Capital Management LLC’s holdings in Alphabet were worth $8,255,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. TABR Capital Management LLC bought a new stake in shares of Alphabet in the 4th quarter worth approximately $364,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Alphabet by 11.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 17,915 shares of the information services provider’s stock worth $5,617,000 after purchasing an additional 1,818 shares during the period. Salomon & Ludwin LLC raised its holdings in shares of Alphabet by 2.4% in the 4th quarter. Salomon & Ludwin LLC now owns 7,558 shares of the information services provider’s stock worth $2,392,000 after purchasing an additional 179 shares during the period. Emerald Advisors LLC raised its holdings in shares of Alphabet by 1.6% in the 4th quarter. Emerald Advisors LLC now owns 5,470 shares of the information services provider’s stock worth $1,712,000 after purchasing an additional 86 shares during the period. Finally, Optas LLC raised its holdings in shares of Alphabet by 0.7% in the 4th quarter. Optas LLC now owns 124,068 shares of the information services provider’s stock worth $38,833,000 after purchasing an additional 803 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $400.69 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.85 trillion, a PE ratio of 30.56, a P/E/G ratio of 1.66 and a beta of 1.26. The firm has a fifty day simple moving average of $318.66 and a two-hundred day simple moving average of $311.72. Alphabet Inc. has a twelve month low of $152.20 and a twelve month high of $402.00.

Alphabet (NASDAQ:GOOGL) last announced its quarterly 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. The company had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Research analysts expect that Alphabet Inc. will post 14.01 EPS for the current year.

Alphabet Increases Dividend

The firm also recently disclosed 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. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is 6.41%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Moffett Nathanson lifted their price target on shares of Alphabet from $305.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. BMO Capital Markets lifted their price target on shares of Alphabet from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. DZ Bank reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, February 16th. Pivotal Research lifted their price target on shares of Alphabet from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $407.86.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled upcoming AI-powered bidding and budget-pacing tools for Google Ads, which could make Search and Shopping advertising more efficient and attractive for advertisers. Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Multiple analysts raised price targets on Alphabet, including DBS Bank to $460 and other firms lifting estimates after the company’s earnings beat, reinforcing the view that results remain stronger than expected. DBS Bank Adjusts Price Target on Alphabet to 460
• Positive Sentiment: Google Cloud’s partnership with OTB Group on a generative-AI virtual try-on experience adds to the narrative that Alphabet can monetize AI across enterprise and retail use cases. Google Cloud Partners With OTB Group
• Positive Sentiment: Reports highlighted strong investor appetite for AI leaders such as Google, and recent coverage continues to frame Alphabet as one of the main beneficiaries of the AI spending cycle. Google, Broadcom Drive Delirious Demand
• Positive Sentiment: Recent reports on Google’s AI “agent” efforts and AI search features suggest Alphabet is expanding its product lead in next-generation search and automation tools. Meta, Google enter AI agent race
• Neutral Sentiment: Alphabet is also getting more time to address EU regulators’ concerns in an ongoing antitrust investigation, which removes some immediate pressure but does not eliminate the legal overhang. Google Gets More Time in EU Investigation
• Negative Sentiment: Google faces a new UK lawsuit over online display ads, adding another antitrust/legal risk that could weigh on sentiment if regulatory scrutiny intensifies. Google Faces New UK Lawsuit Over Online Display Ads

Insider Activity

In related news, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the sale, the insider owned 13,227 shares in the company, valued at $3,987,279.15. This trade represents a 78.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction that occurred on 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 directly owned 9,918 shares in the company, valued at approximately $2,955,564. The trade was a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 158,553 shares of company stock valued at $47,951,856 in the last quarter. 11.61% of the stock is currently owned by company insiders.

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.