Alphabet Inc. $GOOG Shares Acquired by Wealthspire Advisors LLC

Key Points

• Wealthspire Advisors nearly doubled its Alphabet stake in the fourth quarter, boosting holdings by 93.2% to 352,299 shares worth about $110.6 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 topping estimates and revenue of $109.9 billion, up 21.8% year over year.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while analysts remain broadly bullish with an average Buy rating and target price of $376.78.

Wealthspire Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 93.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,299 shares of the information services provider's stock after purchasing an additional 169,992 shares during the period. Alphabet makes up 0.9% of Wealthspire Advisors LLC's portfolio, making the stock its 22nd biggest position. Wealthspire Advisors LLC's holdings in Alphabet were worth $110,551,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new position in Alphabet during the 3rd quarter worth $31,000. Nvest Wealth Strategies Inc. acquired a new position in Alphabet during the 4th quarter worth $38,000. Towne Trust Company N.A grew its holdings in Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after acquiring an additional 34 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in Alphabet during the 4th quarter worth $45,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in Alphabet during the 4th quarter worth $48,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 0.4%

NASDAQ GOOG opened at $358.16 on Friday. Alphabet Inc. has a one year low of $163.33 and a one year high of $404.47. The company has a 50-day simple moving average of $357.71 and a 200-day simple moving average of $329.44. 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 $4.34 trillion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. During the same period in the previous year, the business posted $2.81 EPS. The company's quarterly revenue was up 21.8% on a year-over-year basis. On average, equities analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. 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%. Alphabet's dividend payout ratio (DPR) is presently 6.71%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s drone-delivery unit Wing expanded into seven more U.S. cities with Walmart, reinforcing that its Other Bets can scale into real businesses and may be more valuable than the market gives them credit for.
• Positive Sentiment: Waymo launched a $29.99 monthly membership program, adding a recurring-revenue layer to its robotaxi business and highlighting rapid growth in paid rides, which investors may see as a meaningful long-term opportunity.
• Positive Sentiment: Several analyst and commentary pieces remain constructive on Alphabet’s AI, cloud, and search setup, with some calling it an AI powerhouse and lifting price targets, which supports the stock’s bullish narrative.
• Positive Sentiment: Google is also expanding its real-estate listings nationwide and continuing to deepen its AI infrastructure and chip strategy, reinforcing multiple growth avenues beyond search advertising.
• Neutral Sentiment: Google filed suit against an alleged Chinese cybercrime group that used AI to scam victims, a move that shows the company is actively defending its platforms, though the stock impact is likely limited unless the issue escalates.
• Neutral Sentiment: Alphabet declined a $2 billion U.S. quantum-computing funding program, saying the terms could slow development; that may be viewed as a strategic choice rather than a major financial event.
• Neutral Sentiment: News that some billionaire investors sold Alphabet in Q1 while others bought more adds to the debate, but it does not change the underlying business fundamentals by itself.
• Negative Sentiment: Some recent coverage continues to focus on worries about rising capital expenditures and AI monetization, which can pressure sentiment if investors fear Alphabet’s AI spending will take longer to pay off.
• Negative Sentiment: Alphabet’s AI Overview feature has also faced renewed controversy, adding another small overhang around search quality and user trust.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Pivotal Research reissued a "buy" rating and set a $470.00 price objective (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Phillip Securities lowered shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, April 15th. Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the stock a "buy" rating in a report on Friday, March 13th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a report on Monday, April 20th. Finally, Truist Financial set a $430.00 price target on shares of Alphabet in a report on Monday, June 1st. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $376.78.

Insiders Place Their Bets

In other 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 value of $2,077,531.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction dated Friday, March 27th. The shares were 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 $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 193,016 shares of company stock worth $17,282,549. Corporate insiders own 12.99% of the company's stock.

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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