Alphabet Inc. $GOOG Shares Purchased by Integral Investment Advisors Inc.

Key Points

• Integral Investment Advisors increased its Alphabet stake by 53.1% in the fourth quarter, buying 2,712 more shares and lifting its holdings to 7,816 shares valued at about $2.45 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 on revenue of $109.9 billion, both above estimates, and revenue rising 21.8% year over year.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while analysts remain broadly positive with a consensus Buy rating and an average price target of $372.65.

Integral Investment Advisors Inc. boosted its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 53.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,816 shares of the information services provider's stock after purchasing an additional 2,712 shares during the period. Integral Investment Advisors Inc.'s holdings in Alphabet were worth $2,453,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Kathmere Capital Management LLC raised its position in Alphabet by 8.5% in the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock worth $9,381,000 after purchasing an additional 2,341 shares during the period. Atlantic Union Bankshares Corp raised its position in Alphabet by 31.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock worth $86,345,000 after purchasing an additional 84,553 shares during the period. Baltimore Washington Financial Advisors Inc. raised its position in Alphabet by 0.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider's stock worth $53,920,000 after purchasing an additional 2,009 shares during the period. Newbridge Financial Services Group Inc. increased 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 acquiring an additional 4,239 shares during the period. Finally, LBP AM SA increased its position in shares of Alphabet by 11.0% in the third quarter. LBP AM SA now owns 431,349 shares of the information services provider's stock valued at $105,055,000 after acquiring an additional 42,639 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 955 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the sale, the chief accounting officer directly owned 9,918 shares in the company, valued at $2,955,564. The trade was a 8.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 226,481 shares of company stock worth $27,422,061. Insiders own 12.99% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Waymo unit is rolling out its new “Ojai” robotaxi to select riders in major U.S. cities, with a roomier design, lower manufacturing costs, and a removable steering wheel — all signs that the autonomous vehicle business may become more scalable and economically viable. Article Title
• Positive Sentiment: Alphabet also announced a Google Cloud partnership with EQT to help more than 300 portfolio companies accelerate AI adoption, reinforcing cloud and AI as key growth drivers for the company beyond advertising. Article Title
• Neutral Sentiment: Commentary from Jim Cramer and several market notes described Alphabet as a “crucial position” and suggested investors still may be underestimating Waymo’s value, which can help sentiment but does not change fundamentals by itself. Article Title
• Neutral Sentiment: There was also interest in Alphabet’s AI-search changes and new Gemini-powered ad formats, which could improve monetization over time, but some observers say the overhaul is still controversial and early reactions are mixed. Article Title
• Negative Sentiment: Federal prosecutors charged a Google software engineer with using confidential information to make about $1.2 million on Polymarket bets, creating unwanted reputational risk for Alphabet and adding headlines that may pressure sentiment. Article Title
• Negative Sentiment: Alphabet’s recent AI Search overhaul is also drawing criticism, with some users and rival search services benefiting as concerns grow that Google’s changes could hurt traffic patterns and user satisfaction. Article Title

Alphabet Stock Up 0.3%

Shares of Alphabet stock opened at $386.12 on Friday. The company has a market cap of $4.68 trillion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. The company's 50 day moving average is $341.87 and its 200 day moving average is $323.94. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. 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 released its quarterly earnings results 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 business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company's quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the firm earned $2.81 earnings per share. Research analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed 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 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 payout ratio is currently 6.41%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GOOG shares. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $395.00 to $460.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Wedbush restated an "outperform" rating and issued a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Sanford C. Bernstein restated a "market perform" rating and issued a $345.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Scotiabank restated an "outperform" rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Finally, UBS Group restated 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 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 company's stock. According to MarketBeat, Alphabet has a consensus rating of "Buy" and an average price target of $372.65.

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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