Flatrock Wealth Partners LLC Buys Shares of 8,177 Alphabet Inc. $GOOGL

Key Points

• Flatrock Wealth Partners LLC opened a new position in Alphabet during the first quarter, buying 8,177 shares valued at about $2.35 million. The stake makes up roughly 1.1% of the firm’s portfolio.
• Alphabet’s latest quarterly results were strong, with EPS of $5.11 topping estimates and revenue of $109.9 billion also beating expectations. The company continues to show solid profitability and remains a major earnings watch name ahead of its next report.
• Wall Street remains broadly constructive on Alphabet, with several analysts raising price targets and the stock holding a Moderate Buy consensus. The company also recently increased its quarterly dividend to $0.22 per share.

Flatrock Wealth Partners LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,177 shares of the information services provider's stock, valued at approximately $2,352,000. Alphabet accounts for about 1.1% of Flatrock Wealth Partners LLC's holdings, making the stock its 23rd biggest holding.

A number of other institutional investors have also made changes to their positions in GOOGL. Lifetime Wealth Management P.C. acquired a new stake in Alphabet in the 4th quarter valued at approximately $32,000. EMC Capital Management acquired a new position in Alphabet during the fourth quarter worth $33,000. PMV Capital Advisers LLC acquired a new position in Alphabet during the fourth quarter worth $38,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Alphabet during the fourth quarter worth $38,000. Finally, Bard Associates Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at $52,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, the director directly owned 1,481 shares in the company, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their position. The sale was disclosed in a document filed 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 Alphabet stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The SEC filing for this sale provides additional information. Insiders have sold 159,415 shares of company stock valued at $7,672,279 over the last ninety days. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $354.46 on Friday. The stock's 50-day moving average is $369.97 and its two-hundred day moving average is $337.91. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a 1-year low of $180.48 and a 1-year high of $408.61. The company has a market cap of $4.29 trillion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Analysts forecast that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.22 dividend. This is an increase 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 was Monday, June 8th. Alphabet's payout ratio is presently 6.71%.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of several research analyst reports. Arete Research boosted their price objective on Alphabet from $405.00 to $425.00 and gave the company a "buy" rating in a report on Monday, May 18th. UBS Group reaffirmed a "neutral" rating and issued a $400.00 target price (down from $410.00) on shares of Alphabet in a research report on Monday. Dbs Bank boosted their price target on shares of Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. Cantor Fitzgerald increased their price target on shares of Alphabet from $395.00 to $465.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company lowered their price objective on shares of Alphabet from $435.00 to $416.00 and set an "overweight" rating for the company in a research note on Thursday, July 2nd. Three equities 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 stock. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $413.73.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Bank of America said Alphabet could beat second-quarter expectations, citing strength in Google Cloud and a potential boost from its Anthropic stake; the firm raised estimates and kept a bullish view. Alphabet could crush estimates on Cloud strength, Anthropic windfall: BofA
• Positive Sentiment: Multiple analysts reiterated constructive views on Alphabet ahead of earnings, with reports highlighting earnings growth, price strength, and a favorable setup for the upcoming results. Alphabet Set for Solid Quarterly Results on Cloud Strength, BofA Says
• Positive Sentiment: Warren Buffett’s comments that he initiated Berkshire Hathaway’s Alphabet investment added a sentiment boost, reinforcing confidence in the stock’s long-term appeal. Warren Buffett tells CNBC he initiated Berkshire Hathaway's investment in Alphabet
• Positive Sentiment: Google also unveiled product updates in AI Mode and Google Vids, which support the view that Alphabet is still expanding its AI ecosystem and monetization opportunities. Google's AI Mode now lets you link and interact with select apps
• Neutral Sentiment: Alphabet remains a major earnings watch name ahead of next week’s report, with investors focused on Cloud growth, Search resilience, and capital spending trends.
• Negative Sentiment: Bloomberg reported that Google’s Gemini 3.5 Pro AI model is months behind schedule and has fallen short of internal coding goals, raising questions about execution in a key AI product area. Google Gemini launch delayed as tech falls short of internal goals, Bloomberg News reports
• Negative Sentiment: The European Union issued new rules requiring Google to share more search data and open Android to rival AI companies, adding to Alphabet’s regulatory overhang in Europe. Google required to open up to AI, search engine rivals under EU-mandated changes
• Negative Sentiment: Law firms also announced a securities fraud investigation tied to the AI delay report, which can increase investor caution and volatility around the stock. Securities Fraud Investigation Into Alphabet Inc. (GOOG) Announced

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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