Alphabet Inc. $GOOG Stake Reduced by Edgemoor Investment Advisors Inc.

Key Points

• Edgemoor Investment Advisors cut its Alphabet stake by 5.1% in the fourth quarter, but still held 206,881 shares valued at about $64.9 million. Alphabet remained its fourth-largest holding and made up roughly 5% of the fund’s portfolio.
• Recent headlines point to strong business momentum, including a major cloud deal with SpaceX reportedly worth about $920 million per month and strong demand for Alphabet’s municipal-bond debut. These developments support Google Cloud and broader financing flexibility.
• Alphabet’s latest quarter showed better-than-expected results, with EPS of $5.11 versus estimates of $2.68 and revenue of $109.9 billion, up 21.8% year over year. The company also raised its quarterly dividend to $0.22 per share, while analysts maintained an overall Buy consensus rating.

Edgemoor Investment Advisors Inc. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 206,881 shares of the information services provider's stock after selling 11,231 shares during the quarter. Alphabet makes up about 5.0% of Edgemoor Investment Advisors Inc.'s holdings, making the stock its 4th biggest holding. Edgemoor Investment Advisors Inc.'s holdings in Alphabet were worth $64,919,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ring Mountain Capital LLC boosted its holdings in shares of Alphabet by 0.9% during the fourth quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider's stock worth $1,174,000 after purchasing an additional 30 shares during the period. Cannon Financial Strategists Inc. grew its position in shares of Alphabet by 1.9% in the 4th quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock worth $499,000 after buying an additional 30 shares during the last quarter. HRC Wealth Management LLC increased its position in Alphabet by 1.0% during the 4th quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider's stock valued at $1,014,000 after purchasing an additional 31 shares during the period. Certior Financial Group LLC increased its position in Alphabet by 3.5% during the 4th quarter. Certior Financial Group LLC now owns 919 shares of the information services provider's stock valued at $288,000 after purchasing an additional 31 shares during the period. Finally, Synergy Investment Management LLC increased its position in Alphabet by 0.8% during the 4th quarter. Synergy Investment Management LLC now owns 4,124 shares of the information services provider's stock valued at $1,294,000 after purchasing an additional 31 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet signed a major cloud-computing agreement with SpaceX, with reports putting the deal at about $920 million per month for 32 months, which could provide a meaningful revenue stream and reinforce demand for Google Cloud. Article Title
• Positive Sentiment: Alphabet’s municipal-bond debut drew strong investor demand, suggesting institutions still view the company as a high-quality borrower with flexible financing options. Article Title
• Positive Sentiment: Some investors and analysts said the equity raise is a strategic move to accelerate AI infrastructure and may help Alphabet defend and expand its long-term leadership in search, cloud, and AI. Article Title
• Neutral Sentiment: Alphabet also appeared in commentary about AI-related partnerships, including potential indirect benefits from the SpaceX IPO and other cloud collaborations, but these are mostly longer-term strategic themes rather than immediate catalysts. Article Title
• Negative Sentiment: Wall Street coverage focused heavily on Alphabet’s expanding capital expenditures, with some commentators warning that the AI buildout may be getting too expensive and could pressure free cash flow. Article Title

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GOOG shares. Raymond James Financial reissued a "strong-buy" rating and issued a $425.00 price target on shares of Alphabet in a research note on Thursday, April 30th. UBS Group restated a "neutral" rating and issued a $348.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. Pivotal Research restated a "buy" rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $395.00 to $460.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Finally, Citigroup restated a "market outperform" rating on shares of Alphabet in a report on Monday, June 1st. Five equities 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $376.00.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $365.76 on Monday. The firm's 50 day moving average price is $350.06 and its 200-day moving average price is $327.36. The company has a market cap of $4.43 trillion, a PE ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.22. Alphabet Inc. has a 52-week low of $163.33 and a 52-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.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the prior year, the firm posted $2.81 earnings per share. The business's revenue was up 21.8% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. 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. Alphabet's dividend payout ratio (DPR) is 6.71%.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director directly owned 2,531 shares in the company, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business'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 transaction of $2,077,531.25. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 193,016 shares of company stock worth $17,282,549. 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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