KCM Investment Advisors LLC Sells 4,288 Shares of Alphabet Inc. $GOOGL

KCM Investment Advisors LLC lowered its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 272,422 shares of the information services provider’s stock after selling 4,288 shares during the quarter. Alphabet accounts for about 2.7% of KCM Investment Advisors LLC’s investment portfolio, making the stock its 5th biggest position. KCM Investment Advisors LLC’s holdings in Alphabet were worth $85,268,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Knollwood Investment Advisory LLC increased its stake in shares of Alphabet by 1.3% in the fourth quarter. Knollwood Investment Advisory LLC now owns 55,393 shares of the information services provider’s stock valued at $17,338,000 after purchasing an additional 733 shares during the period. LRT Capital Management LLC increased its stake in shares of Alphabet by 9.3% during the fourth quarter. LRT Capital Management LLC now owns 10,280 shares of the information services provider’s stock valued at $3,218,000 after acquiring an additional 875 shares during the period. Clarity Asset Management Inc. increased its stake in shares of Alphabet by 29.2% during the fourth quarter. Clarity Asset Management Inc. now owns 442 shares of the information services provider’s stock valued at $138,000 after acquiring an additional 100 shares during the period. Cornerstone Financial Management LLC bought a new stake in Alphabet during the fourth quarter worth approximately $1,010,000. Finally, DE Burlo Group Inc. raised its holdings in Alphabet by 583.7% during the fourth quarter. DE Burlo Group Inc. now owns 143,749 shares of the information services provider’s stock worth $44,993,000 after purchasing an additional 122,725 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s drone unit Wing expanded its Walmart partnership into seven more U.S. cities, pushing the service toward nearly 20 markets and signaling that drone delivery is moving from experiment to scalable business. Alphabet’s Most Overlooked Division Just Had a Big Week
• Positive Sentiment: Waymo launched a new $29.99 monthly membership program with perks for frequent riders, a move that suggests the robotaxi business is building recurring revenue on top of rapid ride-growth. Waymo launches premier subscription tier for $29.99 a month, starting in select cities
• Positive Sentiment: TD Cowen raised its price target on Alphabet, adding to the bullish analyst backdrop and supporting the view that the stock still has room to run. Alphabet (GOOGL) Among Our Good Stocks to Buy Now
• Positive Sentiment: Bank of America and other commentary highlighted Alphabet as a long-term AI beneficiary, especially as rising model costs could strengthen demand for Google Cloud and infrastructure. Anthropic’s Priciest AI Model Yet Is Here. Why Alphabet and Amazon Will Benefit.
• Neutral Sentiment: Alphabet sued an alleged Chinese cybercrime group accused of using Google’s AI tools to run scam operations, which shows the company is actively defending its platform but is not likely to move the stock much on its own. Google sues alleged Chinese cybercrime operation that used AI to send scam texts
• Neutral Sentiment: Some investors noted that Altimeter Capital fully exited its Alphabet stake in Q1, but this appears more like portfolio repositioning than a company-specific warning. Billionaire Brad Gerstner Dumped All of His Alphabet Then Bought 2 Stocks Nobody Expected

Insider Activity

In related news, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the transaction, the director owned 18,721 shares of the company’s stock, valued at approximately $7,132,701. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares of the company’s stock, valued at $14,293,309.12. This represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 191,966 shares of company stock valued at $16,963,968 in the last ninety days. 11.61% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $359.68 on Monday. The stock has a market capitalization of $4.36 trillion, a price-to-earnings ratio of 27.44, a PEG ratio of 1.54 and a beta of 1.23. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a 50 day moving average price of $360.45 and a 200 day moving average price of $330.34.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion during 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%. On average, research analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on GOOGL. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Alphabet in a report on Tuesday, April 28th. Freedom Capital downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wolfe Research dropped their price objective on Alphabet from $390.00 to $360.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Robert W. Baird boosted their price objective on Alphabet from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $390.00 price objective (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.