Americana Partners LLC Purchases 18,735 Shares of Alphabet Inc. $GOOG

Key Points

• Americana Partners LLC increased its Alphabet stake by 37.8% in the fourth quarter, buying 18,735 additional shares and bringing its total holdings to 68,339 shares valued at about $21.4 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 versus estimates of $2.68 and revenue of $109.9 billion, up 21.8% year over year. Analysts now expect full-year EPS of 14.29.
• Insiders sold shares and Alphabet raised its dividend: director John L. Hennessy and CAO Amie Thuener O’Toole both sold stock, while the company boosted its quarterly dividend to $0.22 per share from $0.21.

Americana Partners LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 37.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,339 shares of the information services provider's stock after purchasing an additional 18,735 shares during the quarter. Americana Partners LLC's holdings in Alphabet were worth $21,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Imprint Wealth LLC bought a new position in shares of Alphabet during the 3rd quarter worth approximately $31,000. Nvest Wealth Strategies Inc. bought a new position in Alphabet in the 4th quarter valued at $38,000. Towne Trust Company N.A raised its position in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. Winnow Wealth LLC bought a new position in Alphabet in the 3rd quarter valued at $63,000. Finally, CBIZ Investment Advisory Services LLC raised its position in Alphabet by 29.0% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider's stock valued at $63,000 after purchasing an additional 58 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business's 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 transaction, the director directly owned 2,531 shares of the company's stock, valued at approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the transaction, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 225,516 shares of company stock valued at $27,142,399 over the last quarter. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Down 1.0%

Shares of Alphabet stock opened at $372.58 on Tuesday. 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 Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. The business has a fifty day simple moving average of $344.61 and a 200 day simple moving average of $325.11. The stock has a market cap of $4.51 trillion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.61 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.96 billion. During the same period in the previous year, the firm earned $2.81 earnings per share. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. Research analysts predict 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. Investors of record on Monday, June 8th will be paid a dividend of $0.22 per share. 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 of this dividend is Monday, June 8th. Alphabet's payout ratio is presently 6.71%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Truist Financial set a $430.00 price objective on Alphabet in a research report on Monday. BMO Capital Markets reiterated an "outperform" rating and issued a $400.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Wells Fargo & Company set a $515.00 price objective on Alphabet in a research report on Monday. Raymond James Financial reiterated a "strong-buy" rating and issued a $425.00 price objective on shares of Alphabet in a research report on Thursday, April 30th. Finally, Oppenheimer lifted their price objective on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. 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. Based on data from MarketBeat, Alphabet presently has a consensus rating of "Buy" and an average target price of $378.50.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s planned $10 billion investment in Alphabet adds a major vote of confidence and helps validate the company’s AI expansion strategy. Berkshire invests extra $10 billion in Alphabet, deepening bet on AI
• Positive Sentiment: Analyst commentary said Google is a clear beneficiary as AI search grows, supporting the view that Alphabet can defend and extend its core search franchise even as AI competition intensifies. Google Is the Clear Beneficiary,” Says Top Analyst as AI Search Takes Off
• Neutral Sentiment: Alphabet’s ties to high-profile private AI names like Anthropic and SpaceX could give investors additional indirect exposure ahead of possible future IPOs, though this is more of a longer-term optionality story. Alphabet Stock Offers Exposure To SpaceX, Anthropic Before IPOs: What That Means For Investors
• Negative Sentiment: The planned $80 billion capital raise may weigh on sentiment because it implies substantial spending needs and potential dilution, even if it strengthens Alphabet’s AI capacity. Alphabet plans to raise $80 billion to pay for AI buildout
• Negative Sentiment: Reuters reported the EU may tighten cloud rules in strategic tenders, potentially limiting Google’s access to some government contracts in Europe. EU cloud rules to curb Amazon, Google access to strategic tenders

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.

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.