Fi3 FINANCIAL ADVISORS LLC Lowers Holdings in Alphabet Inc. $GOOG

Key Points

• Fi3 Financial Advisors LLC cut its Alphabet stake by 51% in the fourth quarter, leaving it with 7,492 shares valued at about $2.35 million.
• Alphabet’s latest earnings beat expectations, with EPS of $5.11 versus the $2.68 estimate and revenue of $109.9 billion, up 21.8% year over year.
• The company also raised its quarterly dividend to $0.22 per share, while analysts remain broadly positive with a consensus rating of Buy and an average price target of $372.65.

Fi3 FINANCIAL ADVISORS LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 51.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,492 shares of the information services provider's stock after selling 7,795 shares during the period. Alphabet accounts for 0.7% of Fi3 FINANCIAL ADVISORS LLC's holdings, making the stock its 21st biggest holding. Fi3 FINANCIAL ADVISORS LLC's holdings in Alphabet were worth $2,351,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Kathmere Capital Management LLC raised its holdings in Alphabet by 8.5% during the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock valued at $9,381,000 after buying an additional 2,341 shares during the period. Atlantic Union Bankshares Corp raised its holdings in Alphabet by 31.3% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock valued at $86,345,000 after buying an additional 84,553 shares during the period. Baltimore Washington Financial Advisors Inc. raised its holdings in Alphabet by 0.9% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider's stock valued at $53,920,000 after buying an additional 2,009 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in Alphabet by 7.5% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider's stock valued at $19,060,000 after buying an additional 4,239 shares during the period. Finally, LBP AM SA grew its position in Alphabet by 11.0% in the 3rd quarter. LBP AM SA now owns 431,349 shares of the information services provider's stock valued at $105,055,000 after acquiring an additional 42,639 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 955 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares of the company's stock, valued at approximately $2,955,564. This represents a 8.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 226,481 shares of company stock worth $27,422,061. Insiders own 12.99% of the company's stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $376.43 on Friday. The stock's fifty day moving average is $343.28 and its two-hundred day moving average is $324.30. The company has a market capitalization of $4.56 trillion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 1.61 and a beta of 1.25. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 52 week low of $163.33 and a 52 week high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping 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 business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the prior year, the company earned $2.81 EPS. The business's revenue was up 21.8% compared to the same quarter last year. As a group, analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is currently 6.41%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered a standout Q1 result, with revenue up 63% to $20 billion, margin reaching 32.9%, and backlog rising to $462 billion. That reinforces Alphabet’s growing second engine beyond search and supports the bull case for further upside. GOOGL Rides on Surging Google Cloud Demand: More Upside Ahead?
• Positive Sentiment: Google Cloud is also getting validation from new enterprise partnerships, including EQT’s rollout to help more than 300 portfolio companies adopt AI using Google Cloud tools. Private equity firm EQT partners with Google Cloud for AI rollout
• Positive Sentiment: Waymo news continues to suggest Alphabet’s autonomous-driving business may be undervalued, with the new Ojai robotaxi designed to lower fleet costs and expand capacity. That strengthens the long-term optionality in Alphabet’s non-advertising businesses. Waymo opens Ojai robotaxis to select riders as company aims to lower cost of fleet
• Positive Sentiment: Commentary from Jim Cramer was supportive, calling Alphabet a “crucial position” and saying “there’s a lot to like here,” which can help reinforce bullish sentiment among retail investors. Jim Cramer on Alphabet: “There’s a Lot to Like Here”
• Neutral Sentiment: Shares were also mentioned in analyst-style and market commentary framing Alphabet as a core AI and cloud beneficiary, but these pieces were largely reiterations rather than new catalysts.
• Negative Sentiment: An Indian court ruling on keyword ads could increase trademark and legal risk for Google’s search advertising business, raising concerns about a core profit driver. Indian court ruling on Google keyword ads could reshape online advertising
• Negative Sentiment: News that a Google engineer was charged in a $1.2 million Polymarket insider-trading case may create a modest reputational overhang, even though it is not a direct business or financial issue for Alphabet. US charges Google engineer with insider trading on Polymarket

Analysts Set New Price Targets

Several equities analysts have commented on the company. Scotiabank reaffirmed an "outperform" rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $345.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. UBS Group reaffirmed a "neutral" rating and issued a $348.00 price objective (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Wedbush reaffirmed an "outperform" rating and issued a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Alphabet in a research report on Wednesday, May 20th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $372.65.

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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