Alphabet Inc. $GOOG is Corient Private Wealth LLC's 10th Largest Position

Key Points

• Corient Private Wealth LLC boosted its Alphabet stake by 19.4% in the fourth quarter, buying 823,140 more shares and making GOOG its 10th-largest holding worth about $1.59 billion.
• Alphabet’s latest quarter beat expectations, with EPS of $5.11 versus $2.68 expected and revenue of $109.9 billion, up 21.8% year over year.
• Analysts remain broadly bullish on the stock, with a consensus rating of "Buy" and several firms issuing price targets above the current share price, while Alphabet also raised its quarterly dividend to $0.22 per share.

Corient Private Wealth LLC lifted its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,059,394 shares of the information services provider's stock after purchasing an additional 823,140 shares during the quarter. Alphabet comprises about 1.8% of Corient Private Wealth LLC's investment portfolio, making the stock its 10th biggest position. Corient Private Wealth LLC's holdings in Alphabet were worth $1,588,148,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new position in Alphabet during the 3rd quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of Alphabet during the 4th quarter worth approximately $38,000. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet during the 4th quarter valued at approximately $38,000. Bard Associates Inc. bought a new position in shares of Alphabet during the 4th quarter valued at approximately $41,000. Finally, Towne Trust Company N.A grew its holdings in shares of 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. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to draw bullish attention as investors highlight accelerating Google Cloud growth, improving margins, and a very large backlog that suggests strong demand for AI and cloud services. Alphabet: Google Cloud Is Outperforming Azure And AWS; $462 Billion Backlog Requires More AI Investments
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake significantly, which is being read as a strong vote of confidence in GOOG’s long-term outlook. Berkshire Hathaway Expands Alphabet (GOOGL) Stake to 58M Shares as Ackman Exits
• Positive Sentiment: Alphabet’s major AI and data-center investments, including a reported $1.5 billion Alabama campus expansion and broader capex plans, are supporting the view that the company is buying future growth. Alphabet (GOOGL) Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus

Insider Activity

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the firm's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business's stock in a transaction that occurred on Friday, May 15th. The shares were 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. Insiders sold 160,516 shares of company stock worth $7,344,604 in the last 90 days. Company insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of GOOG opened at $367.46 on Monday. The company has a market cap of $4.45 trillion, a PE ratio of 28.03, a P/E/G ratio of 1.57 and a beta of 1.23. The business has a fifty day moving average of $364.31 and a 200 day moving average of $331.18. Alphabet Inc. has a 52-week low of $163.33 and a 52-week high of $404.47. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. During the same period in the previous year, the firm earned $2.81 earnings per share. Alphabet's quarterly revenue was up 21.8% compared to the same quarter last year. On average, sell-side analysts expect that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GOOG. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Raymond James Financial reiterated a "strong-buy" rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday, April 30th. Wells Fargo & Company reissued an "overweight" rating and issued a $435.00 price objective on shares of Alphabet in a research note on Tuesday, June 2nd. Pivotal Research restated a "buy" rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Finally, Truist Financial set a $430.00 price target on shares of Alphabet in a report on Monday, June 1st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $376.78.

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.

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