Alphabet Inc. $GOOG Stock Holdings Lifted by Louisbourg Investments Inc.

Louisbourg Investments Inc. grew its position in Alphabet Inc. (NASDAQ:GOOG) by 2.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 51,083 shares of the information services provider’s stock after acquiring an additional 1,400 shares during the quarter. Alphabet makes up about 2.6% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 3rd largest holding. Louisbourg Investments Inc.’s holdings in Alphabet were worth $14,654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. MRA Advisory Group grew its stake in shares of Alphabet by 2.2% in the 1st quarter. MRA Advisory Group now owns 9,505 shares of the information services provider’s stock valued at $2,727,000 after buying an additional 205 shares in the last quarter. Boomfish Wealth Group LLC raised its position in Alphabet by 0.8% during the first quarter. Boomfish Wealth Group LLC now owns 14,201 shares of the information services provider’s stock valued at $4,074,000 after acquiring an additional 117 shares in the last quarter. AGH Wealth Advisors LLC lifted its stake in Alphabet by 2.3% in the first quarter. AGH Wealth Advisors LLC now owns 7,201 shares of the information services provider’s stock valued at $2,066,000 after acquiring an additional 159 shares during the last quarter. Cornerstone Wealth Group LLC lifted its stake in Alphabet by 9.7% in the first quarter. Cornerstone Wealth Group LLC now owns 23,543 shares of the information services provider’s stock valued at $6,754,000 after acquiring an additional 2,090 shares during the last quarter. Finally, Nicholas Wealth LLC. grew its position in Alphabet by 7.6% in the first quarter. Nicholas Wealth LLC. now owns 2,263 shares of the information services provider’s stock worth $649,000 after acquiring an additional 160 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s inclusion in the Dow Jones Industrial Average is drawing passive fund flows and reinforcing its status as a blue-chip tech leader. Reuters: Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
• Positive Sentiment: New AI product launches, including Nano Banana 2 Lite and Gemini Omni, suggest Alphabet is still pushing harder on cheaper, faster AI tools that could boost adoption and competitiveness. TechCrunch: Google introduces a faster, cheaper image generator with Nano Banana 2 Lite
• Positive Sentiment: FactSet’s strategic partnership with Google Cloud adds another enterprise validation point for Alphabet’s AI and cloud strategy. Yahoo Finance: FactSet Announces Strategic Partnership with Google Cloud to Bring Advanced AI to Financial Intelligence
• Positive Sentiment: Wall Street commentary remains broadly bullish, with multiple analysts reiterating buy ratings and raising price targets, supporting the idea that recent weakness may be a buying opportunity.
• Neutral Sentiment: Google exceeded its $1 billion Africa investment target, which is strategically positive but not likely a near-term earnings driver. Reuters: Google has exceeded $1 billion Africa investment target
• Neutral Sentiment: Several reports highlighted strong long-term AI and cloud upside, but these were largely reiterations of an already bullish thesis rather than new catalysts.
• Negative Sentiment: A Swedish court ordered Google to pay nearly $2 billion in antitrust damages to Klarna’s PriceRunner unit, renewing regulatory pressure on Alphabet’s search and shopping businesses. Reuters: Swedish court says Google is to pay $1.5 billion to Klarna in antitrust damages
• Negative Sentiment: Alphabet insiders continued to sell shares, including director Frances Arnold and president John Kent Walker, which can weigh on investor sentiment even if the sales were routine. SEC filing: Alphabet insider transaction
• Negative Sentiment: Investors are also worried about Alphabet’s heavy AI infrastructure spending and compute-capacity constraints, which could pressure margins in the near term. Yahoo Finance: Alphabet Could Add 9 GW of Compute Capacity in 2028, Morgan Stanley Says

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 112 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the transaction, the director owned 18,833 shares of the company’s stock, valued at $6,615,656.24. The trade was a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 160,465 shares of company stock worth $8,020,511. Corporate insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

GOOG has been the topic of several analyst reports. TD Cowen increased their price target on shares of Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Scotiabank reaffirmed an “outperform” rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. KeyCorp reiterated an “overweight” rating on shares of Alphabet in a report on Wednesday, May 20th. Needham & Company LLC set a $400.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, March 13th. Finally, Oppenheimer raised their target price on Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Alphabet has a consensus rating of “Buy” and a consensus target price of $376.78.

Alphabet Trading Up 1.3%

Shares of GOOG stock opened at $357.89 on Thursday. Alphabet Inc. has a 12 month low of $173.88 and a 12 month high of $404.47. The company has a market cap of $4.34 trillion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 1.51 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. The business’s 50 day moving average is $367.43 and its two-hundred day moving average is $332.84.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 30th. 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 business had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. During the same period in the previous year, the company earned $2.81 earnings per share. Alphabet’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities analysts predict that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s payout ratio is 6.71%.

About Alphabet

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.