Aprio Wealth Management LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 89.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,724 shares of the information services provider's stock after purchasing an additional 13,583 shares during the period. Aprio Wealth Management LLC's holdings in Alphabet were worth $9,014,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. S.A. Mason LLC lifted its stake in shares of Alphabet by 3.3% in the fourth quarter. S.A. Mason LLC now owns 5,586 shares of the information services provider's stock valued at $1,753,000 after purchasing an additional 177 shares during the period. Physician Wealth Advisors Inc. lifted its stake in shares of Alphabet by 0.9% in the fourth quarter. Physician Wealth Advisors Inc. now owns 4,821 shares of the information services provider's stock valued at $1,513,000 after purchasing an additional 43 shares during the period. Atlas Legacy Advisors LLC lifted its stake in shares of Alphabet by 6.2% in the fourth quarter. Atlas Legacy Advisors LLC now owns 33,373 shares of the information services provider's stock valued at $10,534,000 after purchasing an additional 1,938 shares during the period. Concord Asset Management LLC VA lifted its stake in shares of Alphabet by 0.6% in the fourth quarter. Concord Asset Management LLC VA now owns 8,105 shares of the information services provider's stock valued at $2,543,000 after purchasing an additional 50 shares during the period. Finally, Concord Wealth Partners raised its position in Alphabet by 1.9% during the fourth quarter. Concord Wealth Partners now owns 10,359 shares of the information services provider's stock worth $3,251,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.
Insider Activity at Alphabet
In related news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer owned 2,818,524 shares of the company's stock, valued at approximately $856,605,814.08. This represents a 1.14% 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, insider John Kent Walker sold 47,574 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares of the company's stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 158,553 shares of company stock worth $47,951,856. 12.99% of the stock is currently owned by company insiders.
Alphabet Stock Performance
NASDAQ:GOOG opened at $395.30 on Friday. The firm has a 50 day simple moving average of $317.19 and a 200-day simple moving average of $311.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market cap of $4.78 trillion, a PE ratio of 30.15, a P/E/G ratio of 1.65 and a beta of 1.25. Alphabet Inc. has a 1-year low of $153.83 and a 1-year high of $397.36.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its 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. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same period in the previous year, the firm earned $2.81 earnings per share. Alphabet's revenue was up 21.8% compared to the same quarter last year. On average, equities analysts expect that Alphabet Inc. will post 14 EPS for the current year.
Alphabet Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is currently 6.41%.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Q1 momentum and Anthropic cloud deal continue to underpin the rally — social and analyst chatter notes a post-earnings surge, AI-fueled ad strength and a reported ~$200B Anthropic commitment that materially boosts Alphabet’s cloud backlog and revenue visibility. Read More.
- Positive Sentiment: Analyst upgrades and higher price targets — Mizuho and other firms have raised forecasts and targets (examples around $460+), supporting upside expectations and helping push the stock higher. Read More.
- Positive Sentiment: Institutional buying reported — a handful of funds disclosed fresh additions (Swiss National Bank, Allen Investment, Fisher Asset among others), signaling conviction from large holders. Read More. • Read More.
- Neutral Sentiment: New consumer products and subscription moves could expand monetization but are early-stage — Google launched the Fitbit Air wearable and an AI health-coach subscription, which add recurring-revenue potential but are not yet material to near-term results. Read More.
- Negative Sentiment: EU regulatory risk remains — Alphabet has proposed changes to news search to head off additional multibillion-euro fines, highlighting ongoing antitrust exposure that could pressure European revenue or require product changes. Read More.
- Negative Sentiment: Significant insider and some institutional selling — data show heavy insider sales in recent months and several large funds (Deutsche Bank, CalPERS, Madison) trimmed GOOG positions, which can cap short-term upside and increase volatility. Read More. • Read More.
Wall Street Analyst Weigh In
GOOG has been the subject of a number of research reports. Piper Sandler restated an "overweight" rating and set a $395.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Pivotal Research restated a "buy" rating and set a $470.00 target price (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Raymond James Financial restated a "strong-buy" rating and set a $425.00 target price on shares of Alphabet in a research report on Thursday, April 30th. Wells Fargo & Company upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Alphabet from $395.00 to $460.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $362.73.
Check Out Our Latest Stock Report on GOOG
Alphabet Company Profile
(
Free Report)
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.
Further Reading
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