Alphabet Inc. $GOOGL Shares Sold by Alliance Wealth Advisors LLC UT

Key Points

• Alliance Wealth Advisors LLC UT cut its Alphabet stake by 20.8% in the fourth quarter, selling 4,402 shares and leaving it with 16,762 shares worth about $5.25 million.
• Alphabet’s latest quarterly results beat expectations, with EPS of $5.11 versus the $2.64 estimate and revenue of $109.9 billion versus the $106.98 billion forecast. The company also posted strong profitability, including a 37.92% net margin.
• Alphabet raised its quarterly dividend to $0.22 per share from $0.21, bringing the annualized payout to $0.88 and a yield of about 0.2%. Meanwhile, Wall Street remains broadly positive, with a consensus rating of Moderate Buy and an average target price of $412.65.

Alliance Wealth Advisors LLC UT lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,762 shares of the information services provider's stock after selling 4,402 shares during the quarter. Alphabet accounts for about 1.1% of Alliance Wealth Advisors LLC UT's portfolio, making the stock its 14th largest holding. Alliance Wealth Advisors LLC UT's holdings in Alphabet were worth $5,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Symmetry Partners LLC lifted its holdings in shares of Alphabet by 0.4% in the 4th quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider's stock valued at $2,476,000 after buying an additional 30 shares during the period. Members Trust Co lifted its holdings in shares of Alphabet by 0.5% in the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock valued at $2,014,000 after buying an additional 31 shares during the period. Altfest L J & Co. Inc. lifted its holdings in shares of Alphabet by 0.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider's stock valued at $2,489,000 after buying an additional 31 shares during the period. Lifelong Wealth Advisors Inc. lifted its holdings in shares of Alphabet by 1.9% in the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider's stock valued at $541,000 after buying an additional 33 shares during the period. Finally, White Wing Wealth Management lifted its holdings in shares of Alphabet by 2.9% in the 4th quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider's stock valued at $362,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Performance

Shares of NASDAQ:GOOGL opened at $382.97 on Friday. 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 business's 50 day moving average price is $337.75 and its 200-day moving average price is $321.26. The firm has a market capitalization of $4.64 trillion, a PE ratio of 29.21, a P/E/G ratio of 1.64 and a beta of 1.26. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, equities research analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q1 results were highlighted as one of the strongest among the Mag 7, with Google Cloud showing accelerating sales growth and broader AI momentum helping investor sentiment. Alphabet and NVIDIA: The Biggest Mag 7 Winners This Earnings Season
• Positive Sentiment: Google’s I/O announcements continued to reinforce Alphabet’s AI story, including new AI search experiences, agent tools, and upcoming AI glasses that suggest the company is expanding beyond traditional search. We tried Google's AI glasses and they're almost there
• Positive Sentiment: Analysts remain constructive on the stock, with multiple firms reiterating positive views and new AI ad formats seen as potentially boosting conversions and monetization in Search and Commerce. Alphabet's new AI ad formats seen boosting conversions and spending
• Positive Sentiment: Google unveiled a $15 billion Missouri data center investment, underscoring continued capital spending to support AI infrastructure and cloud demand. Google Unveils $15 Billion Missouri Data Center Investment
• Neutral Sentiment: Several articles discussed Google’s revamped AI-driven search experience and agent ecosystem, which are strategically important but still too early to measure their near-term financial impact. Google is pitching an AI agent ecosystem to consumers who may not buy it
• Negative Sentiment: Waymo temporarily suspended service in multiple cities after robotaxis drove into flooded roads, adding another safety and execution concern for Alphabet’s autonomous vehicle unit. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
• Negative Sentiment: Google’s appeal of the antitrust ruling remains the biggest overhang, since a loss or forced remedies could eventually weigh on the company’s core search and advertising economics. Google appeals US court ruling on search monopoly

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GOOGL. Phillip Securities lifted their price target on Alphabet from $340.00 to $395.00 and gave the company a "moderate buy" rating in a research note on Wednesday, April 15th. Bank of America lifted their price target on Alphabet from $370.00 to $430.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. President Capital lifted their price target on Alphabet from $375.00 to $465.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Jefferies Financial Group restated a "buy" rating on shares of Alphabet in a research note on Wednesday. Finally, CICC Research lifted their price target on Alphabet from $388.00 to $407.91 and gave the company an "outperform" rating in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $412.65.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 102 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total value of $37,842.00. Following the completion of the sale, the director directly owned 18,621 shares in the company, valued at $6,908,391. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director owned 2,531 shares of the company's stock, valued at $995,341.06. This trade represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 226,481 shares of company stock valued at $27,422,061. Insiders own 11.61% of the company's stock.

Alphabet Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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