Alphabet Inc. $GOOG is Obermeyer Wealth Partners' Largest Position

Key Points

• Obermeyer Wealth Partners trimmed its stake in Alphabet by 4.4% in Q4 to 384,817 shares, leaving Alphabet as its largest holding at about 5.5% of the portfolio, valued at roughly $120.8 million.
• Alphabet delivered a strong Q1 beat with $5.11 EPS vs. $2.68 est. and $109.9 billion in revenue (up 21.8% YoY), driving analyst upgrades and an overall "Buy" consensus with an average target near $362.73.
• Activity around the stock is mixed: insiders sold about 191,053 shares (~$58.8M) over 90 days (including a sale by John Kent Walker), while large institutions like JPMorgan and AllianceBernstein have been adding to positions, and Alphabet recently raised its quarterly dividend to $0.22.

Obermeyer Wealth Partners reduced its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 384,817 shares of the information services provider's stock after selling 17,617 shares during the quarter. Alphabet accounts for about 5.5% of Obermeyer Wealth Partners' holdings, making the stock its largest holding. Obermeyer Wealth Partners' holdings in Alphabet were worth $120,756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of Alphabet by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock worth $24,240,469,000 after purchasing an additional 7,904,434 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Alphabet by 5.8% in the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock worth $9,749,864,000 after purchasing an additional 2,209,203 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Alphabet by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider's stock worth $7,935,671,000 after purchasing an additional 223,743 shares in the last quarter. Capital World Investors boosted its holdings in shares of Alphabet by 1.9% in the 3rd quarter. Capital World Investors now owns 28,625,464 shares of the information services provider's stock worth $6,971,769,000 after purchasing an additional 539,679 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Alphabet by 3.6% in the 3rd quarter. Invesco Ltd. now owns 21,531,348 shares of the information services provider's stock worth $5,243,960,000 after purchasing an additional 756,602 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Down 0.9%

GOOG opened at $379.64 on Tuesday. The business has a 50 day simple moving average of $312.44 and a two-hundred day simple moving average of $308.65. The firm has a market capitalization of $4.59 trillion, a price-to-earnings ratio of 28.96, a PEG ratio of 1.81 and a beta of 1.25. 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 one year low of $149.49 and a one year high of $384.18.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.Alphabet's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.81 EPS. Analysts predict that Alphabet Inc. will post 12.78 EPS for the current year.

Alphabet Increases Dividend

The company 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 $0.22 dividend. 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 currently 6.41%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GOOG shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $375.00 price objective on shares of Alphabet in a report on Thursday, January 15th. UBS Group restated a "neutral" rating and set a $348.00 target price (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Sanford C. Bernstein restated a "market perform" rating and set a $345.00 target price on shares of Alphabet in a report on Thursday, February 5th. TD Cowen increased their target price on Alphabet from $375.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $370.00 target price on shares of Alphabet in a report on Tuesday, January 20th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of "Buy" and an average target price of $362.73.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 beat and Cloud strength — Alphabet reported far‑above‑consensus EPS and revenue and disclosed a Google Cloud backlog near ~$468B, driving optimistic analyst revisions and momentum after the quarter. Read More.
• Positive Sentiment: Analyst upgrades & higher price targets — Several firms raised targets and reiterated buy/outperform views (examples include JPMorgan, 24/7 Wall St. models projecting material upside, and a Citizens upgrade). These lifts support medium‑term upside expectations. Read More.
• Positive Sentiment: Large buyer activity — Mirae Asset reported a sizable addition to its GOOGL stake in recent 13F filings, signaling institutional demand. Read More.
• Neutral Sentiment: Strategic/geo-political relevance — Coverage notes Washington is increasingly focused on Google for national AI compute capacity, which could translate to long‑term government/business opportunities but also regulatory/oversight scrutiny. Read More.
• Neutral Sentiment: Waymo & mobility investments — Continued large funding and VC interest in Waymo highlight growth optionality beyond ads, but returns are long‑dated. Read More.
• Neutral Sentiment: AI ecosystem lift for semis and payments — Alphabet’s $190B AI buildout and agentic‑commerce themes boost broader AI infrastructure demand (beneficial for Google, but also benefits peers). Read More.
• Negative Sentiment: Institutional trimming & profit‑taking — Some funds cut GOOG/GOOGL positions (State of Michigan reduced GOOGL; Manning & Napier and Yacktman trimmed stakes), consistent with profit‑taking after a big run. That pressure can cap near‑term gains. Read More. Read More.Read More.
• Negative Sentiment: Rising capex guidance — Alphabet warned of a significant increase in 2027 capital spending tied to AI infrastructure, which can compress near‑term free cash flow and prompt some investors to take profits. Read More.
• Negative Sentiment: Insider selling — A director sale was reported (small amount), a reminder some insiders are trimming exposure; typically immaterial alone but contributes to the day's negative tape. Read More.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares of the company's stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares of the company's stock, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 191,053 shares of company stock worth $58,845,206 over the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet 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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