Alphabet Inc. $GOOG is WT Asset Management Ltd's 5th Largest Position

Key Points

• WT Asset Management cut its stake in Alphabet by 27.5% in Q4 to 362,900 shares (worth $113.88M), making GOOG about 4.5% of its portfolio and its fifth-largest holding.
• Alphabet delivered a strong Q1 beat with EPS of $5.11 vs. $2.68 expected and revenue of $109.9B (up 21.8% YoY), driven in part by a 63% jump in Cloud revenue and a backlog surge.
• Alphabet raised its quarterly dividend to $0.22 (annualized $0.88, yield 0.2%, ex-dividend June 8), the stock rallied sharply in April after the quarter, and analysts maintain a consensus "Buy" with an average target of $362.73.

WT Asset Management Ltd lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 27.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 362,900 shares of the information services provider's stock after selling 137,417 shares during the period. Alphabet accounts for about 4.5% of WT Asset Management Ltd's investment portfolio, making the stock its 5th largest holding. WT Asset Management Ltd's holdings in Alphabet were worth $113,878,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Ring Mountain Capital LLC raised its holdings 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 valued at $1,174,000 after acquiring an additional 30 shares during the period. HRC Wealth Management LLC increased its holdings in shares of Alphabet by 1.0% in the fourth quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider's stock worth $1,014,000 after purchasing an additional 31 shares during the last quarter. Avaii Wealth Management LLC increased its holdings in shares of Alphabet by 2.3% in the fourth quarter. Avaii Wealth Management LLC now owns 1,437 shares of the information services provider's stock worth $451,000 after purchasing an additional 32 shares during the last quarter. Accel Wealth Management increased its holdings in shares of Alphabet by 0.8% in the fourth quarter. Accel Wealth Management now owns 4,068 shares of the information services provider's stock worth $1,276,000 after purchasing an additional 33 shares during the last quarter. Finally, Accelerate Investment Advisors LLC increased its holdings in shares of Alphabet by 1.1% in the fourth quarter. Accelerate Investment Advisors LLC now owns 3,166 shares of the information services provider's stock worth $993,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Alphabet Stock Down 0.9%

Shares of NASDAQ GOOG opened at $379.64 on Tuesday. 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 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 stock has a 50 day moving average price of $312.44 and a 200 day moving average price of $308.65. Alphabet Inc. has a 52-week low of $149.49 and a 52-week high of $384.18.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $2.43. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 12.78 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued 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 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is currently 6.71%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet won a classified AI contract with the U.S. Department of Defense — a validation of its secure/compute capabilities that could lead to high‑margin, strategic revenue and stronger ties with Washington. Alphabet Inc (GOOGL) Signs Classified AI Contract With US DoD
• Positive Sentiment: A top analyst raised a street‑high $515 price target, highlighting the value of Alphabet’s custom AI investments — signaling stronger buy‑side conviction and upward pressure on estimates. ‘This Is Bigger Than It Looks,’ Says Top Analyst on Alphabet Stock (GOOGL), Sets Street-High $515 Price Target
• Positive Sentiment: J.P. Morgan and other sell‑side upgrades following the Q1 beat (Cloud revenue +63%, backlog surge) are lifting sentiment and supporting higher price targets — a catalyst for continued inflows. Alphabet (GOOGL) Stock Surges as J.P. Morgan Declares It Their Premier Investment Choice Following Stellar Q1
• Positive Sentiment: Market momentum: Alphabet rallied sharply in April (+34% for the month) after the strong quarter, reinforcing momentum‑driven buying and technical strength. Alphabet (GOOGL) Stock Soars 34% in April Following Stellar Q1 Earnings
• Neutral Sentiment: Alphabet warned investors of a significant rise in 2027 capex as it builds AI infrastructure — long‑term growth investment that investors currently appear to accept, but that increases near‑term cash deployment. Google Just Warned of a Significant Increase in 2027 CapEx. Why GOOGL Stock Investors Don’t Seem to Care.
• Negative Sentiment: DeepMind employees in the U.K. voted to unionize over AI military contracts — a reputational and labor risk tied directly to the Pentagon work that could spark operational and public‑relations headwinds. UK Google DeepMind employees vote to unionize over its AI military deals
• Negative Sentiment: A trading analyst flagged technicals that could precede a sharp correction (a contrarian, high‑magnitude downside view) — a reminder that stretched momentum can attract short‑term profit‑taking. Trading expert sets date when Google stock will crash by 45%
• Negative Sentiment: Institutional flows are mixed: Mirae Asset disclosed a large GOOGL addition, but the State of Michigan retirement system trimmed its position — mixed signals that can influence intraday liquidity and volatility. Fund Update: STATE OF MICHIGAN RETIREMENT SYSTEM Just Disclosed New Holdings

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the transaction, the insider directly owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the company's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the transaction, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 191,053 shares of company stock valued at $58,845,206 over the last 90 days. Insiders own 12.99% of the company's stock.

Analyst Ratings Changes

GOOG has been the topic of several research reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a $365.00 target price on shares of Alphabet in a report on Monday, January 5th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a report on Monday, April 20th. Needham & Company LLC set a $400.00 target price on Alphabet and gave the stock a "buy" rating in a report on Friday, March 13th. Wedbush reaffirmed an "outperform" rating and issued a $370.00 target price on shares of Alphabet in a report on Thursday, February 5th. Finally, KeyCorp set a $370.00 target price on Alphabet in a report on Thursday, February 5th. Six investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $362.73.

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.

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