Alphabet Inc. $GOOG Shares Bought by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management LLC increased its Alphabet holdings by 19.5% in the fourth quarter, adding 19,525 shares to bring its total to 119,458 shares worth about $35.3 million.
• Alphabet reported strong quarterly results, with earnings per share of $5.11, well above analyst expectations, and revenue of $109.9 billion, up 21.8% year over year.
• Analysts remain upbeat on Alphabet overall, with a consensus “Buy” rating and an average price target of $376.78, while the company also recently raised its quarterly dividend to $0.22 per share.

Axxcess Wealth Management LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 19.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,458 shares of the information services provider's stock after purchasing an additional 19,525 shares during the quarter. Axxcess Wealth Management LLC's holdings in Alphabet were worth $35,330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Alphabet by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after buying an additional 8,128,234 shares during the last quarter. State Street Corp grew its position in Alphabet by 0.5% in the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider's stock worth $58,712,878,000 after acquiring an additional 953,790 shares during the period. J. Stern & Co. LLP grew its position in Alphabet by 28,482.8% in the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider's stock worth $35,174,429,000 after acquiring an additional 111,699,704 shares during the period. JPMorgan Chase & Co. increased its stake in Alphabet by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider's stock worth $31,569,189,000 after acquiring an additional 1,073,151 shares during the last quarter. Finally, Morgan Stanley increased its stake in Alphabet by 1.6% during the fourth quarter. Morgan Stanley now owns 71,841,419 shares of the information services provider's stock worth $22,543,838,000 after acquiring an additional 1,132,013 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 1.5%

NASDAQ:GOOG opened at $367.46 on Friday. Alphabet Inc. has a 52 week low of $163.33 and a 52 week high of $404.47. The stock's fifty day moving average is $363.25 and its two-hundred day moving average is $330.81. The stock has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 28.03, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

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, beating analysts' consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company's revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.81 earnings per share. Research analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is presently 6.71%.

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction that occurred on 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 at this hyperlink. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the transaction, the director owned 18,721 shares of the company's stock, valued at $7,132,701. This trade represents a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 160,516 shares of company stock valued at $7,344,604. 12.99% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. KeyCorp reaffirmed an "overweight" rating on shares of Alphabet in a research note on Wednesday, May 20th. Raymond James Financial reiterated a "strong-buy" rating and set a $425.00 price target on shares of Alphabet in a report on Thursday, April 30th. Needham & Company LLC set a $400.00 price objective on Alphabet and gave the stock a "buy" rating in a research report on Friday, March 13th. The Goldman Sachs Group restated a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a report on Thursday, May 21st. Finally, Freedom Capital cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $376.78.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s broader AI and cloud story remains strong, with recent commentary highlighting solid earnings momentum, expanding Google Cloud backlog, and ongoing AI-related spending that could support future growth. AI Spending Is Strengthening the Alphabet (GOOGL) Bull Case
• Positive Sentiment: Google also announced a $1.5 billion investment to expand its Alabama data center campus, reinforcing its long-term infrastructure buildout for AI and cloud demand. Alphabet Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus
• Positive Sentiment: Banking win: HSBC signed an AI deal with Google Cloud, adding another enterprise customer and supporting Alphabet’s cloud adoption narrative. HSBC signs AI deal with Google Cloud
• Neutral Sentiment: Alphabet director John L. Hennessy disclosed a sale of 1,050 shares. Insider selling can draw attention, but the transaction was relatively small versus Alphabet’s overall market value. SEC filing
• Negative Sentiment: Waymo recalled about 3,871 robotaxis after software issues caused some vehicles to enter closed freeway construction zones, renewing safety concerns around Alphabet’s autonomous driving unit. Waymo to recall over 3,800 robotaxis over risk of entering closed construction zones
• Negative Sentiment: Alphabet also lost Noam Shazeer, a key Gemini AI leader, to OpenAI, which may fuel concerns about competition for top AI talent. Google's Gemini co-lead Noam Shazeer to join OpenAI
• Negative Sentiment: New U.K. rules requiring Google to be more transparent and fair in search rankings add another layer of regulatory pressure on its core search business. UK regulator sets out conduct requirements for Google's search services

Alphabet Company 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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