Alphabet Inc. $GOOG Shares Acquired by NewEdge Wealth LLC

Key Points

• NewEdge Wealth LLC boosted its Alphabet stake by 85.1% in the fourth quarter, ending with 161,947 shares valued at about $50.8 million.
• Several other institutional investors also increased their Alphabet holdings, and hedge funds and other institutions now own 27.26% of the stock.
• Alphabet posted strong quarterly results, with EPS of $5.11 and revenue of $109.9 billion, both above estimates, while also raising its quarterly dividend to $0.22 per share.

NewEdge Wealth LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 85.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,947 shares of the information services provider's stock after purchasing an additional 74,478 shares during the period. NewEdge Wealth LLC's holdings in Alphabet were worth $50,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Tradewinds LLC. grew its position in shares of Alphabet by 2,134.8% in the third quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider's stock valued at $10,984,000 after purchasing an additional 43,080 shares in the last quarter. Kathmere Capital Management LLC grew its position in shares of Alphabet by 8.5% in the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock valued at $9,381,000 after purchasing an additional 2,341 shares in the last quarter. Atlantic Union Bankshares Corp grew its position in shares of Alphabet by 31.3% in the third quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock valued at $86,345,000 after purchasing an additional 84,553 shares in the last quarter. Baltimore Washington Financial Advisors Inc. grew its position in shares of Alphabet by 0.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider's stock valued at $53,920,000 after purchasing an additional 2,009 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its position in shares of Alphabet by 7.5% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider's stock valued at $19,060,000 after purchasing an additional 4,239 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director directly owned 4,631 shares in the company, valued at $1,405,091.71. This trade represents a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 257,931 shares of company stock valued at $36,886,538. Corporate insiders own 12.99% of the company's stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Investors are looking for major AI announcements at Google I/O, including Gemini upgrades, agentic commerce features, and TPU chip progress, which could reinforce Alphabet’s leadership in AI. Google I/O primer: Alphabet's AI showcase is its chance to wow Wall Street
• Positive Sentiment: Bank of America expects broad AI product updates across Search, Chrome, and Android, supporting the view that Alphabet can keep monetizing AI across its core platforms. Google I/O preview: Bank of America expects major AI push across Search, Chrome, and Android
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet position again, a high-profile signal that some large investors still see upside in the stock. Warren Buffett's Successor, Greg Abel, Just Sold 16 Stocks, but Piled Into an AI Titan That's Now a Top-5 Position for Berkshire Hathaway
• Positive Sentiment: Recent coverage highlights Alphabet’s strong fundamentals, including a powerful earnings beat, cloud backlog growth, and AI-driven efficiency gains, which have helped justify the rally. Alphabet: The $462B Backlog Crushed The Bear Case, But At 30x P/E I'm Trimming To Buy
• Neutral Sentiment: Multiple hedge fund and billionaire portfolio updates show mixed views on Alphabet, with some managers adding while others trimmed positions, which may limit the stock’s near-term reaction. Pershing Square trims Alphabet Class C stake by 5.85M shares
• Negative Sentiment: Alphabet disclosed insider-like selling by a major shareholder, which can create slight pressure if investors interpret it as profit-taking after the recent run-up. SEC filing

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Piper Sandler restated an "overweight" rating and issued a $395.00 price target on shares of Alphabet in a research report on Thursday, February 5th. KeyCorp set a $370.00 price objective on Alphabet in a research report on Thursday, February 5th. Wedbush reiterated an "outperform" rating and issued a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. TD Cowen increased their price objective on Alphabet from $375.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, UBS Group reiterated a "neutral" rating and issued a $348.00 price objective (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $363.40.

Alphabet Trading Down 0.1%

Shares of Alphabet stock opened at $393.11 on Tuesday. The firm has a market capitalization of $4.76 trillion, a price-to-earnings ratio of 29.99, a PEG ratio of 1.68 and a beta of 1.25. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. 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 of $329.28 and a 200 day moving average of $318.18.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. The company 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%.The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.81 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared 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. 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 is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is 6.41%.

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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