Avidian Wealth Enterprises LLC Boosts Stock Holdings in Alphabet Inc. $GOOG

Key Points

• Avidian Wealth Enterprises increased its Alphabet stake by 20.1% in the fourth quarter, bringing its holdings to 26,134 shares worth about $8.2 million.
• Alphabet reported strong Q1 results, with earnings of $5.11 per share versus $2.68 expected and revenue of $109.9 billion, up 21.8% from a year earlier.
• Analysts remain bullish on GOOG, with a consensus Buy rating and an average price target of $362.73, while several major institutions also raised their positions in the stock.

Avidian Wealth Enterprises LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 20.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,134 shares of the information services provider's stock after purchasing an additional 4,378 shares during the quarter. Avidian Wealth Enterprises LLC's holdings in Alphabet were worth $8,201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Vanguard Group Inc. boosted its stake in shares of Alphabet by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after acquiring an additional 8,128,234 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after buying an additional 7,904,434 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Alphabet by 5.8% during the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock valued at $9,749,864,000 after buying an additional 2,209,203 shares in the last quarter. Legal & General Group Plc increased its holdings in Alphabet by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider's stock valued at $7,935,671,000 after acquiring an additional 223,743 shares during the last quarter. Finally, Capital World Investors increased its holdings in Alphabet by 1.9% in the 3rd quarter. Capital World Investors now owns 28,625,464 shares of the information services provider's stock valued at $6,971,769,000 after acquiring an additional 539,679 shares during the last quarter. Hedge funds and other institutional investors 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 unveiled a broader AI push at its Android event, including Gemini-powered features, new “Googlebooks” laptops, and agentic AI tools, reinforcing the company’s leadership in AI and mobile ecosystems.
• Positive Sentiment: Reports that Google is discussing orbital data centers with SpaceX have sparked investor excitement about a potential long-term infrastructure advantage in AI and cloud computing. Report: Google and SpaceX in talks to put data centers into orbit
• Positive Sentiment: Alphabet continues to attract bullish analyst and investor attention after strong Q1 results and ongoing cloud/AI growth, supporting the case for additional upside. Alphabet: The A-Z AI Play Set To Profit From The Whole Industry
• Positive Sentiment: Several large investors disclosed higher stakes in Alphabet, including Capital World Investors and other institutions, which can reinforce confidence in the stock’s long-term fundamentals.
• Neutral Sentiment: One fund update showed a large reduction in GOOG holdings by Capital International Investors, but this appears to be portfolio rebalancing rather than a direct company-specific warning.
• Negative Sentiment: Alphabet still faces regulatory pressure in Europe, including efforts to avoid an EU antitrust fine tied to spam-policy changes and broader DMA compliance concerns.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the sale, the director owned 3,581 shares in the company, valued at approximately $1,187,638.65. This represents a 22.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 158,553 shares of company stock valued at $47,951,856 in the last quarter. 12.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GOOG shares. Oppenheimer restated an "outperform" rating and issued a $425.00 target price on shares of Alphabet in a report on Thursday, April 30th. Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the company a "buy" rating in a report on Friday, March 13th. KeyCorp set a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Alphabet in a research report on Tuesday, January 20th. Finally, TD Cowen upped their price target on shares of Alphabet from $375.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $362.73.

Alphabet Trading Up 4.0%

NASDAQ GOOG opened at $399.06 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $323.77 and a two-hundred day simple moving average of $315.48. Alphabet Inc. has a 12-month low of $160.93 and a 12-month high of $399.93. The stock has a market cap of $4.84 trillion, a P/E ratio of 30.44, a P/E/G ratio of 1.64 and a beta of 1.25.

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 during the quarter, compared to analysts' expectations of $106.96 billion. During the same quarter last year, the company posted $2.81 earnings per share. The firm's revenue was up 21.8% compared to the same quarter last year. On average, analysts forecast that Alphabet Inc. will post 14.28 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend 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 dividend payout ratio is 6.41%.

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.

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