Bingham Private Wealth LLC Acquires Shares of 11,789 Alphabet Inc. $GOOGL

Key Points

• Bingham Private Wealth LLC acquired a new stake of 11,789 shares of Alphabet during Q4, valued at about $3.69 million, making the stock 3.0% of its portfolio and its 6th largest holding.
• Alphabet beat the quarter with $2.82 EPS (vs. $2.57 expected) and revenue of $113.83 billion; analysts have raised targets and the consensus rating is a “Moderate Buy” with a $369.67 average price target.
• Insiders have sold heavily recently — roughly 2.04 million shares worth about $94.2 million in the last three months — while institutional investors own about 40.03% of the stock.

Bingham Private Wealth LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,789 shares of the information services provider's stock, valued at approximately $3,690,000. Alphabet accounts for 3.0% of Bingham Private Wealth LLC's investment portfolio, making the stock its 6th largest holding.

A number of other hedge funds have also recently modified their holdings of the business. Members Trust Co grew its stake in shares of Alphabet by 0.5% during the fourth 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 last quarter. Altfest L J & Co. Inc. grew its stake in shares of Alphabet by 0.4% during the fourth 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 last quarter. Lifelong Wealth Advisors Inc. grew its stake in shares of Alphabet by 1.9% during the fourth 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 last quarter. White Wing Wealth Management grew its stake in shares of Alphabet by 2.9% during the fourth 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 last quarter. Finally, Quantum Financial Advisors LLC grew its stake in shares of Alphabet by 0.3% during the fourth quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider's stock valued at $3,693,000 after buying an additional 34 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Trading Down 0.2%

Shares of NASDAQ GOOGL opened at $349.77 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $311.15 and a two-hundred day simple moving average of $306.97. The firm has a market cap of $4.23 trillion, a PE ratio of 32.36, a price-to-earnings-growth ratio of 2.17 and a beta of 1.12. Alphabet Inc. has a twelve month low of $147.84 and a twelve month high of $353.18.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.57 by $0.25. The business had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. Analysts expect that Alphabet Inc. will post 11.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. China Renaissance upped their target price on Alphabet from $330.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, February 6th. DA Davidson upped their target price on Alphabet from $300.00 to $310.00 and gave the company a "neutral" rating in a research note on Thursday, February 5th. Truist Financial set a $385.00 target price on Alphabet in a research note on Thursday, February 5th. Cantor Fitzgerald upped their target price on Alphabet from $370.00 to $395.00 and gave the company an "overweight" rating in a research note on Monday, April 20th. Finally, Roth Mkm increased their price objective on Alphabet from $365.00 to $395.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $369.67.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Pentagon access expands — the U.S. Department of Defense has added Google’s Gemini models to secure/ classified use, opening a new avenue for recurring, high‑margin cloud and AI revenue that could materially benefit Google Cloud’s growth profile. Pentagon AI chief confirms DOD's expanded use of Google
• Positive Sentiment: Standards push for agentic commerce — Google and Mastercard contributed agentic‑AI commerce/authentication standards to the FIDO Alliance, which could accelerate secure commercial use of agentic features and broaden revenue paths for Google’s AI platform. Google and Mastercard Contribute Agentic Commerce Standards to FIDO Alliance
• Positive Sentiment: AI hardware progress supports ecosystem — market commentary tying Google’s custom AI chip roadmap to Broadcom’s strength highlights Google’s vertical stack (chips + cloud + models), which supports durable competitive positioning in AI infrastructure. Broadcom Hits $2 Trillion Market Cap as Google Reveals New AI Chips
• Neutral Sentiment: Earnings and ad metrics in focus — multiple previews stress that Search ad strength and Cloud demand will determine the Q1 print; investors are braced for guidance on AI spending and ad trends rather than a surprise in model‑driven revenue acceleration. META, GOOGL Earnings: Advertising Results Remain Key
• Neutral Sentiment: Analyst support vs. stretched valuation — some firms reaffirm buy ratings into earnings, but comments note valuation is elevated and investors want proof that AI capex converts into higher returns. MarketScreener: Deutsche Bank Keeps Buy
• Negative Sentiment: Employee and reputational backlash — internal protests and public criticism followed the Pentagon deal, creating potential talent, PR and culture risks that could complicate execution and invite scrutiny. A Google researcher says they're 'ashamed' after the company signed a Pentagon deal
• Negative Sentiment: Regulatory and geopolitical headwinds — EU guidance to target cloud/AI under Big Tech rules and proposals like Australia’s news levy add policy risk that could pressure margins or local revenues over time. EU rules reining in Big Tech will now target cloud services and AI

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 8,993 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 2,037,294 shares of company stock worth $94,216,897. 11.55% of the stock is currently owned by company insiders.

Alphabet Company 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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