Capstone Capital Management Ltd Takes Position in Alphabet Inc. $GOOGL

Capstone Capital Management Ltd purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the first quarter, Holdings Channel reports. The fund purchased 3,556 shares of the information services provider’s stock, valued at approximately $1,023,000. Alphabet accounts for approximately 1.0% of Capstone Capital Management Ltd’s investment portfolio, making the stock its 25th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Lifetime Wealth Management P.C. bought a new position in Alphabet during the 4th quarter worth approximately $32,000. EMC Capital Management bought a new position in shares of Alphabet in the 4th quarter worth about $33,000. PMV Capital Advisers LLC acquired a new position in shares of Alphabet in the 4th quarter valued at about $38,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at about $38,000. Finally, Bard Associates Inc. bought a new stake in shares of Alphabet during the 4th quarter valued at about $52,000. 40.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director owned 1,481 shares in the company, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 8,998 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider owned 75,290 shares of the company’s stock, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 159,415 shares of company stock worth $7,672,279. 11.61% of the stock is owned by corporate insiders.

Alphabet Stock Down 2.2%

Alphabet stock opened at $346.77 on Friday. The firm has a market capitalization of $4.20 trillion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 1.49 and a beta of 1.24. Alphabet Inc. has a 1-year low of $183.71 and a 1-year high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $368.89 and a 200 day simple moving average of $337.97.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $106.98 billion. On average, analysts predict that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. Alphabet’s payout ratio is currently 6.71%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent analyst reports. Cantor Fitzgerald raised their price objective on shares of Alphabet from $395.00 to $465.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada set a $425.00 target price on shares of Alphabet and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $415.00 price target (up from $375.00) on shares of Alphabet in a report on Tuesday, June 30th. BNP Paribas Exane lifted their price target on shares of Alphabet from $390.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group upped their price objective on shares of Alphabet from $400.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Three investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $414.11.

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.