Alphabet Inc. $GOOG is Mogy Joel R Investment Counsel Inc.'s 4th Largest Position

Key Points

• Mogy Joel R Investment Counsel Inc. cut its Alphabet stake by 2.1% in the fourth quarter, but Alphabet still remains its 4th-largest position and makes up about 5.7% of the portfolio.
• Alphabet reported strong quarterly results, with EPS of $5.11 topping estimates by a wide margin and revenue of $109.9 billion beating expectations; revenue also rose 21.8% year over year.
• The company raised its quarterly dividend to $0.22 per share, while Wall Street remains bullish overall with a consensus “Buy” rating and an average price target of $362.73.

Mogy Joel R Investment Counsel Inc. lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,712 shares of the information services provider's stock after selling 7,287 shares during the quarter. Alphabet makes up approximately 5.7% of Mogy Joel R Investment Counsel Inc.'s portfolio, making the stock its 4th biggest position. Mogy Joel R Investment Counsel Inc.'s holdings in Alphabet were worth $104,405,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GOOG. Brighton Jones LLC boosted its stake in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after purchasing an additional 6,410 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in Alphabet by 76.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock worth $330,886,000 after purchasing an additional 806,681 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Alphabet in the second quarter worth $658,000. Financial Advisors Network Inc. raised its holdings in Alphabet by 7.7% in the second quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock worth $1,409,000 after purchasing an additional 565 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its position in shares of Alphabet by 10.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock worth $6,618,000 after purchasing an additional 3,616 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $397.05 on Monday. 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 Inc. has a 1 year low of $153.83 and a 1 year high of $398.37. The stock's 50 day simple moving average is $317.19 and its two-hundred day simple moving average is $311.59. The company has a market cap of $4.81 trillion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.62 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 EPS. As a group, equities analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is presently 6.41%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $375.00 price objective on shares of Alphabet in a research report on Thursday, January 15th. Pivotal Research reissued a "buy" rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Piper Sandler reissued an "overweight" rating and issued a $395.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Wedbush reaffirmed an "outperform" rating and set a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Finally, Truist Financial set a $385.00 price target on Alphabet in a research note on Wednesday, April 22nd. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Alphabet has a consensus rating of "Buy" and an average target price of $362.73.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O'toole sold 955 shares of the company's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares of the company's stock, valued at $2,955,564. This represents a 8.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the transaction, the director directly owned 3,581 shares in the company, valued at $1,187,638.65. This trade represents a 22.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 158,553 shares of company stock worth $47,951,856. Insiders own 12.99% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s recent earnings strength continues to drive optimism, with analysts raising price targets and earnings estimates after a strong Q1 beat that showed faster growth in Search, Cloud, and YouTube. Investors are also reacting to broad bullish coverage and high-profile holders adding to GOOG exposure.
• Positive Sentiment: Google is expanding its AI monetization tools, unveiling AI-powered Search and Shopping bidding/budgeting features that could make ad spending more efficient and support ad revenue growth. Article: Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Alphabet is also leaning into AI and consumer hardware, with new Fitbit Air and AI health-coach launches, plus continued work on smart glasses and broader agentic AI products. These developments reinforce the view that Google is becoming a major AI platform across ads, devices, and subscriptions.
• Neutral Sentiment: Several reports point to continued institutional interest and analyst support, including fund additions and upgraded target prices, but these are largely reinforcement signals rather than immediate catalysts.
• Negative Sentiment: Regulatory overhang remains a concern after Google was given more time to address EU antitrust issues, and a new UK lawsuit over online display ads adds another legal challenge. Article: Google has bit more time to address concerns in EU investigation, EU Commission says
• Negative Sentiment: Google also settled a racial discrimination lawsuit for $50 million, which removes some uncertainty but highlights ongoing reputational and legal risks tied to employment practices. Article: Google settles racial discrimination lawsuit for $50 million

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.

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.