Alphabet Inc. $GOOG is Smith Chas P & Associates PA Cpas' Largest Position

Key Points

• Smith Chas P & Associates PA Cpas increased its Alphabet stake by 55.6% in the fourth quarter, making GOOG its largest holding at 6.4% of the portfolio worth about $122.0 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 versus $2.68 expected and revenue of $109.9 billion, topping estimates and rising 21.8% year over year.
• The company raised its quarterly dividend to $0.22 per share and is also benefiting from bullish analyst coverage and recent positive news, including a major cloud deal with SpaceX.

Smith Chas P & Associates PA Cpas lifted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 55.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 388,888 shares of the information services provider's stock after buying an additional 138,923 shares during the quarter. Alphabet comprises 6.4% of Smith Chas P & Associates PA Cpas' portfolio, making the stock its biggest holding. Smith Chas P & Associates PA Cpas' holdings in Alphabet were worth $122,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GOOG. Nvest Wealth Strategies Inc. purchased a new stake in shares of Alphabet in the fourth quarter worth $38,000. Imprint Wealth LLC purchased a new position in shares of Alphabet during the 3rd quarter valued at $31,000. Towne Trust Company N.A boosted its holdings in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after buying an additional 34 shares during the period. Creative Capital Management Investments LLC boosted its holdings in Alphabet by 1,438.5% in the 4th quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider's stock worth $63,000 after buying an additional 187 shares during the period. Finally, Optima Capital LLC purchased a new stake in Alphabet in the 4th quarter worth $79,000. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director owned 2,531 shares in the company, valued at $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 193,016 shares of company stock worth $17,282,549. 12.99% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $365.76 on Friday. The stock has a market cap of $4.43 trillion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a 50 day moving average price of $350.06 and a 200-day moving average price of $327.07. Alphabet Inc. has a one year low of $163.33 and a one year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for 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 firm posted $2.81 EPS. Equities analysts expect that Alphabet Inc. will post 14.29 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 paid a $0.22 dividend. 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 of this dividend is Monday, June 8th. Alphabet's payout ratio is currently 6.41%.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of recent analyst reports. Freedom Capital cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. The Goldman Sachs Group reiterated a "buy" rating and set a $450.00 target price on shares of Alphabet in a research report on Thursday, May 21st. UBS Group reissued a "neutral" rating and set a $348.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. TD Cowen reissued a "buy" rating on shares of Alphabet in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. upped their price target on Alphabet from $395.00 to $460.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $376.00.

Trending Headlines about 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

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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