5,587 Shares in Alphabet Inc. $GOOG Bought by CDM Financial Counseling Services Inc.

Key Points

• CDM Financial Counseling Services Inc. initiated a new position in Alphabet, buying 5,587 shares valued at about $1.75 million in the fourth quarter. The stake makes Alphabet its 16th-largest holding and about 1.6% of its portfolio.
• Several other institutional investors also modestly increased their Alphabet holdings, while hedge funds and institutions own 27.26% of the stock overall. Insider selling has continued, including sales by CAO Amie Thuener O'Toole and CEO Sundar Pichai.
• Alphabet remains well supported by Wall Street after strong recent earnings and upbeat AI-related growth stories. The stock beat Q1 expectations, and analysts currently rate it a Buy on average with a consensus target price of $372.65.

CDM Financial Counseling Services Inc. bought a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 5,587 shares of the information services provider's stock, valued at approximately $1,753,000. Alphabet accounts for 1.6% of CDM Financial Counseling Services Inc.'s investment portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ring Mountain Capital LLC boosted its stake in Alphabet by 0.9% during the fourth quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider's stock worth $1,174,000 after buying an additional 30 shares during the period. Cannon Financial Strategists Inc. boosted its stake in Alphabet by 1.9% during the fourth quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock worth $499,000 after buying an additional 30 shares during the period. HRC Wealth Management LLC boosted its stake in Alphabet by 1.0% during the fourth quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider's stock worth $1,014,000 after buying an additional 31 shares during the period. Certior Financial Group LLC boosted its stake in Alphabet by 3.5% during the fourth quarter. Certior Financial Group LLC now owns 919 shares of the information services provider's stock worth $288,000 after buying an additional 31 shares during the period. Finally, Avaii Wealth Management LLC boosted its stake in Alphabet by 2.3% during the fourth quarter. Avaii Wealth Management LLC now owns 1,437 shares of the information services provider's stock worth $451,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Activity

In other news, CAO Amie Thuener O'toole sold 955 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer owned 9,918 shares in the company, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the transaction, the chief executive officer owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 226,481 shares of company stock valued at $27,422,061. Company insiders own 12.99% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Investors are encouraged by Alphabet’s push to monetize AI in Search, including Gemini-powered ad formats and conversational ads that could expand search advertising revenue. Google Wants Ads to Talk Back in AI Search
• Positive Sentiment: Alphabet is also seeing bullish attention around its AI stack and cloud business, with coverage highlighting TPUs, AI compute services, and product momentum that could support long-term growth. Alphabet Ties AI Hardware Cloud And Ads As EU Scrutiny Rises
• Positive Sentiment: Recent analyst and market commentary remains constructive, with multiple reports pointing to strong prior earnings, elevated price targets, and continued investor interest in GOOG. GOOGL's Innovative Ad Format to Boost Search Growth: What's Ahead?
• Neutral Sentiment: News that a Google engineer was charged with insider trading on Polymarket is negative for headlines, but it appears to be an individual legal issue rather than a companywide operational problem. Google Employee Charged With Insider Trading on Polymarket
• Neutral Sentiment: Competitor and user-behavior articles suggest some users are testing alternatives like DuckDuckGo after Google’s AI Search overhaul, highlighting possible search-share pressure, though the long-term impact is still unclear. Some users may be giving Google's AI search the bird, and DuckDuckGo is benefiting
• Negative Sentiment: Alphabet faces mounting regulatory risk, including reports that the EU may issue a record fine over alleged search monopoly practices, which could weigh on sentiment. Market Chatter: Alphabet's Google Nears Record European Union Fine Over Alleged Search Monopoly
• Negative Sentiment: Several stories also say Google’s AI search redesign is pushing some users and marketers to rethink reliance on Google, which raises concern that AI changes could disrupt the traditional search ad model. OpenAI is building a new kind of ad machine. Early data suggests Google should worry.

Analyst Ratings Changes

GOOG has been the subject of several recent analyst reports. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research note on Monday, February 16th. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $345.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $425.00 price objective on shares of Alphabet in a research note on Thursday, April 30th. Finally, Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the stock a "buy" rating in a research note on Friday, March 13th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus target price of $372.65.

Alphabet Stock Down 0.0%

NASDAQ:GOOG opened at $384.83 on Thursday. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. The company has a market cap of $4.66 trillion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. The stock has a fifty day simple moving average of $340.34 and a 200-day simple moving average of $323.19. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same period last year, the company earned $2.81 earnings per share. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. 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 0.2%. The ex-dividend date is Monday, June 8th. Alphabet's payout ratio is 6.41%.

Alphabet Company Profile

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.

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.