Argos Wealth Advisors LLC Purchases Shares of 7,840 Alphabet Inc. $GOOG

Key Points

• Argos Wealth Advisors bought a new stake in Alphabet, purchasing 7,840 shares valued at about $2.46 million. The position now represents roughly 0.7% of its portfolio.
• Alphabet continues to attract mixed institutional and analyst activity: several hedge funds increased holdings, while analysts overall still rate the stock a Buy with a consensus price target of $372.65.
• The company reported strong quarterly results, with EPS of $5.11 and revenue of $109.9 billion, both above expectations. Alphabet also raised its quarterly dividend to $0.22 per share.

Argos Wealth Advisors LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,840 shares of the information services provider's stock, valued at approximately $2,460,000. Alphabet comprises about 0.7% of Argos Wealth Advisors LLC's investment portfolio, making the stock its 18th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Ring Mountain Capital LLC increased its position in Alphabet by 0.9% during the 4th quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider's stock worth $1,174,000 after buying an additional 30 shares during the period. Cannon Financial Strategists Inc. increased its position in Alphabet by 1.9% during 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 period. 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 worth $1,014,000 after buying 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 worth $288,000 after buying an additional 31 shares during the period. Finally, Avaii Wealth Management LLC increased its position in Alphabet by 2.3% during the 4th quarter. Avaii Wealth Management LLC now owns 1,437 shares of the information services provider's stock worth $451,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 27.26% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google I/O 2026 highlighted new AI products, smarter Search, Gemini upgrades, AI ad tools, and agentic features that could boost Alphabet’s monetization across ads, cloud, and consumer services.
• Positive Sentiment: Bank of America, UBS and other analysts reiterated bullish views after the AI showcase, reinforcing confidence that Alphabet can turn AI adoption into revenue growth.
• Positive Sentiment: Alphabet’s new financing and infrastructure moves, including the yen note sale and Missouri data-center investment, support long-term AI capacity expansion.
• Neutral Sentiment: Alphabet continues to receive mixed commentary around valuation and market expectations after a sharp rally, which may limit near-term upside.
• Negative Sentiment: Waymo suspended freeway robotaxi rides and paused Atlanta operations while fixing safety issues in construction zones and flooded roads, creating headline risk for Alphabet.
• Negative Sentiment: Fresh insider selling by a director and additional regulatory/labor complaints in Europe add some short-term pressure and sentiment risk.

Insider Transactions at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares in the company, valued at $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 226,481 shares of company stock valued at $27,422,061. Company insiders own 12.99% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on GOOG. DZ Bank upgraded Alphabet to a "strong-buy" rating in a research report on Monday, February 16th. Pivotal Research reiterated a "buy" rating and set a $470.00 price objective (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Sanford C. Bernstein restated a "market perform" rating and issued a $345.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Phillip Securities cut Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. raised their price target on Alphabet from $395.00 to $460.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $372.65.

Alphabet Stock Performance

Alphabet stock opened at $383.47 on Friday. Alphabet Inc. has a 12-month low of $163.33 and a 12-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. The business's 50-day moving average price is $334.12 and its two-hundred day moving average price is $320.40. The stock has a market cap of $4.65 trillion, a PE ratio of 29.25, a P/E/G ratio of 1.65 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.96 billion. During the same quarter in the previous year, the business posted $2.81 earnings per share. The business's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, analysts expect that Alphabet Inc. will post 14.29 earnings per share 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 given a $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

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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