Arcadia Investment Management Corp MI Has $12.47 Million Holdings in Alphabet Inc. $GOOG

Key Points

• Arcadia Investment Management cut its Alphabet stake by 10.6% in the fourth quarter, selling 4,708 shares and leaving it with 39,748 shares valued at about $12.47 million.
• Wall Street sentiment remains positive on GOOG, with analysts issuing multiple buy ratings and a consensus Buy rating; the average price target is $376.78.
• Alphabet reported strong quarterly results, including EPS of $5.11 versus estimates of $2.68 and revenue of $109.9 billion, while also raising its quarterly dividend to $0.22 per share.

Arcadia Investment Management Corp MI reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,748 shares of the information services provider's stock after selling 4,708 shares during the quarter. Alphabet accounts for approximately 2.0% of Arcadia Investment Management Corp MI's holdings, making the stock its 16th biggest position. Arcadia Investment Management Corp MI's holdings in Alphabet were worth $12,473,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GOOG. Imprint Wealth LLC acquired a new position in shares of Alphabet in the 3rd quarter valued at $31,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet in the 4th quarter valued at $38,000. Towne Trust Company N.A raised its stake in shares of 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 buying an additional 34 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of 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 buying an additional 58 shares in the last quarter. Finally, Creative Capital Management Investments LLC raised its stake in shares of Alphabet by 1,438.5% in the 4th quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider's stock valued at $63,000 after buying an additional 187 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GOOG. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a research note on Monday, February 16th. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. The Goldman Sachs Group restated a "buy" rating and issued a $450.00 price objective on shares of Alphabet in a research note on Thursday, May 21st. UBS Group restated a "neutral" rating and issued a $348.00 price objective (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $435.00 price objective on shares of Alphabet in a research note on Tuesday, June 2nd. Five investment 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. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $376.78.

Alphabet Stock Up 0.3%

GOOG opened at $362.29 on Wednesday. The firm's 50-day simple moving average is $353.44 and its 200-day simple moving average is $328.39. 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 Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. The firm has a market cap of $4.39 trillion, a price-to-earnings ratio of 27.63, a PEG ratio of 1.55 and a beta of 1.22.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued 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 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 analyst estimates of $106.96 billion. During the same quarter in the prior year, the firm earned $2.81 EPS. The company's revenue was up 21.8% on a year-over-year basis. Equities research analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal 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. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is currently 6.71%.

Insider Activity

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director directly owned 18,721 shares in the company, valued at approximately $7,132,701. This represents a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 193,016 shares of company stock worth $17,282,549. 12.99% of the stock is currently owned by insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gemini usage growth and strong Google Cloud momentum suggest Alphabet’s AI strategy is gaining traction and could support future revenue growth.
• Positive Sentiment: TD Cowen raised its price target to $475 and reiterated a buy rating, signaling continued Wall Street confidence in Alphabet’s upside.
• Positive Sentiment: Analysts and investors continue to view Alphabet as a long-term compounder with durable Search cash flow plus cloud and AI expansion. Article Title
• Neutral Sentiment: Alphabet’s new capital-raising and AI infrastructure spending plans could help fund growth, but they also create uncertainty about near-term cash flow and dilution.
• Negative Sentiment: Reports that Alphabet is paying SpaceX about $920 million per month for AI compute add to concerns that the company is leaning on outside infrastructure to meet AI demand, increasing costs in the near term.
• Negative Sentiment: Recent commentary suggests investors are worried that elevated AI capex could pressure margins if the payoff from AI products takes longer than expected.

About Alphabet

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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