Cedarwood Wealth LLC Takes $1.26 Million Position in Alphabet Inc. $GOOGL

Key Points

• Cedarwood Wealth LLC opened a new position in Alphabet, buying 3,782 shares worth about $1.26 million in the fourth quarter. The stake makes up roughly 1.4% of the firm’s portfolio.
• Alphabet continues to attract large institutional interest, with major holders like Norges Bank, Berkshire Hathaway, and Vanguard also adding or holding significant positions. Institutional investors now own about 40.03% of the company.
• Despite strong earnings and analyst support, Alphabet is facing mixed sentiment: it beat quarterly expectations and recently raised its dividend, but investors are also watching AI spending, talent departures, and Waymo execution risk.

Cedarwood Wealth LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,782 shares of the information services provider's stock, valued at approximately $1,261,000. Alphabet comprises approximately 1.4% of Cedarwood Wealth LLC's portfolio, making the stock its 19th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOGL. Norges Bank acquired a new position in shares of Alphabet during the fourth quarter valued at about $30,534,239,000. Berkshire Hathaway Inc bought a new stake in shares of Alphabet in the third quarter valued at about $4,338,397,000. Cardano Risk Management B.V. grew its position in Alphabet by 855.3% during the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider's stock worth $4,546,413,000 after buying an additional 13,004,828 shares in the last quarter. Vanguard Group Inc. increased its stake in Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after acquiring an additional 12,531,695 shares during the period. Finally, Capital World Investors increased its stake in Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares during the period. Institutional investors own 40.03% of the company's stock.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the transaction, the director directly owned 18,721 shares of the company's stock, valued at $7,132,701. This trade represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 160,516 shares of company stock worth $7,344,604 in the last quarter. 11.61% of the stock is owned by corporate insiders.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and DeepMind announced a new AI research partnership with film studio A24, including about $75 million of investment, showing continued efforts to commercialize AI in creative tools. Google DeepMind signs AI research deal with film studio A24
• Positive Sentiment: Some analysts remain constructive on Alphabet’s AI spending, arguing that its cloud growth and AI investments could still be monetized over time. Morgan Stanley sees monetization potential in Google AI spending
• Neutral Sentiment: Alphabet’s cloud business continues to grow quickly and remains a key long-term driver, but heavy AI spending is also increasing near-term cost concerns. Is Alphabet the Best "Magnificent Seven" AI Stock?
• Negative Sentiment: Alphabet stock is falling more than the broader market as investors worry about a high-profile AI talent exodus from Google DeepMind and Gemini leadership. Alphabet paces for worst day in a year on AI concerns after high-profile exits
• Negative Sentiment: Reports that Google DeepMind scientist John Jumper left for Anthropic added to fears that Alphabet is losing key AI researchers to competitors. Alphabet Is Now Cheaper Than What Berkshire Paid
• Negative Sentiment: Waymo’s recall of 3,871 robotaxis after a software glitch is another reminder that Alphabet’s autonomy business still faces execution risk. Waymo Just Recalled 3,800 Robotaxis. Is Google's Self-Driving Dream Hitting a Wall?

Alphabet Price Performance

Shares of GOOGL stock opened at $349.68 on Tuesday. The stock's fifty day simple moving average is $367.66 and its 200 day simple moving average is $332.31. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market cap of $4.24 trillion, a price-to-earnings ratio of 26.67, a P/E/G ratio of 1.57 and a beta of 1.23. Alphabet Inc. has a one year low of $162.00 and a one year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. 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 $106.98 billion. On average, analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is presently 6.71%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Canaccord Genuity Group upped their price target on Alphabet from $415.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Barclays restated a "buy" rating on shares of Alphabet in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Alphabet in a research note on Tuesday, April 28th. The Goldman Sachs Group raised their target price on Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada set a $425.00 price target on shares of Alphabet and gave the company an "outperform" rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $413.13.

Alphabet 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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