Houlihan Financial Resource Group Ltd. Has $1.15 Million Stock Position in Alphabet Inc. $GOOG

Houlihan Financial Resource Group Ltd. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 278.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,601 shares of the information services provider’s stock after buying an additional 2,650 shares during the period. Houlihan Financial Resource Group Ltd.’s holdings in Alphabet were worth $1,154,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new position in Alphabet during the third quarter valued at $31,000. Nvest Wealth Strategies Inc. purchased a new position in Alphabet in the fourth quarter valued at about $38,000. Towne Trust Company N.A grew its stake in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. Winnow Wealth LLC purchased a new position in Alphabet in the third quarter valued at about $63,000. Finally, CBIZ Investment Advisory Services LLC grew its stake in Alphabet by 29.0% in the third quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider’s stock valued at $63,000 after purchasing an additional 58 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $365.76 on Friday. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. The business has a 50-day moving average of $350.06 and a two-hundred day moving average of $327.07. The stock has a market capitalization of $4.43 trillion, a P/E ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results 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 return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities research analysts predict 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. Shareholders of record on Monday, June 8th will be given a $0.22 dividend. This is an increase 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%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s payout ratio is presently 6.41%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet signed a major cloud-computing agreement with SpaceX, with reports putting the deal at about $920 million per month for 32 months, which could provide a meaningful revenue stream and reinforce demand for Google Cloud. Article Title
• Positive Sentiment: Alphabet’s municipal-bond debut drew strong investor demand, suggesting institutions still view the company as a high-quality borrower with flexible financing options. Article Title
• Positive Sentiment: Some investors and analysts said the equity raise is a strategic move to accelerate AI infrastructure and may help Alphabet defend and expand its long-term leadership in search, cloud, and AI. Article Title
• Neutral Sentiment: Alphabet also appeared in commentary about AI-related partnerships, including potential indirect benefits from the SpaceX IPO and other cloud collaborations, but these are mostly longer-term strategic themes rather than immediate catalysts. Article Title
• Negative Sentiment: Wall Street coverage focused heavily on Alphabet’s expanding capital expenditures, with some commentators warning that the AI buildout may be getting too expensive and could pressure free cash flow. Article Title

Analysts Set New Price Targets

A number of research analysts have commented on the company. Truist Financial set a $430.00 target price on Alphabet in a research note on Monday, June 1st. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 15th. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 target price on shares of Alphabet in a research note on Thursday, May 21st. DZ Bank upgraded Alphabet to a “strong-buy” rating in a research note on Monday, February 16th. Finally, Oppenheimer boosted their target price on Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $376.00.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 102 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the sale, the director owned 18,721 shares of the company’s stock, valued at $7,132,701. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total value 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 193,016 shares of company stock valued at $17,282,549. 12.99% of the stock is owned by corporate insiders.

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.