Florida Trust Wealth Management Co Sells 18,442 Shares of Alphabet Inc. $GOOG

Key Points

• Florida Trust Wealth Management reduced its Alphabet stake by 3.1%, selling 18,442 shares in Q4 and now holds 582,636 shares (about 5% of its portfolio) valued at roughly $182.83 million.
• Alphabet reported a strong quarter—EPS $2.82 (beat) and revenue $113.83B, up 18% year-over-year—while trading with a market cap of $3.82 trillion and a P/E of 29.21.
• Insiders have been net sellers, disposing of 2,069,344 shares (~$104.7M) in the last 90 days, yet analysts remain largely bullish with an average "Buy" rating and a $345.71 target.

Florida Trust Wealth Management Co decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 582,636 shares of the information services provider's stock after selling 18,442 shares during the quarter. Alphabet makes up about 5.0% of Florida Trust Wealth Management Co's portfolio, making the stock its biggest holding. Florida Trust Wealth Management Co's holdings in Alphabet were worth $182,831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOG. Brighton Jones LLC boosted its position in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after acquiring an additional 6,410 shares during the last quarter. Faithward Advisors LLC boosted its position in shares of Alphabet by 2.7% during the 2nd quarter. Faithward Advisors LLC now owns 2,573 shares of the information services provider's stock valued at $456,000 after acquiring an additional 68 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Alphabet by 8.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 2,542,637 shares of the information services provider's stock valued at $451,038,000 after acquiring an additional 204,156 shares during the last quarter. Main Street Financial Solutions LLC boosted its position in shares of Alphabet by 22.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 34,169 shares of the information services provider's stock valued at $6,061,000 after acquiring an additional 6,307 shares during the last quarter. Finally, Vivaldi Capital Management LP boosted its position in shares of Alphabet by 1.5% during the 2nd quarter. Vivaldi Capital Management LP now owns 17,162 shares of the information services provider's stock valued at $3,044,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Price Performance

Alphabet stock opened at $315.73 on Friday. The company's 50 day simple moving average is $306.32 and its 200-day simple moving average is $298.59. The company has a market capitalization of $3.82 trillion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 1.96 and a beta of 1.13. Alphabet Inc. has a 1 year low of $148.40 and a 1 year high of $350.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.59 by $0.23. The business had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.15 earnings per share. As a group, equities research analysts expect that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is 7.77%.

Analyst Upgrades and Downgrades

GOOG has been the subject of several research analyst reports. Canaccord Genuity Group increased their target price on shares of Alphabet from $330.00 to $390.00 and gave the stock a "buy" rating in a research note on Wednesday, January 7th. TD Cowen reissued a "buy" rating and issued a $365.00 price target (up from $355.00) on shares of Alphabet in a research note on Thursday, February 5th. Wedbush reissued an "outperform" rating and issued a $370.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research note on Wednesday, January 21st. Finally, KeyCorp set a $370.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of "Buy" and an average target price of $345.71.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: YouTube is raising U.S. subscription prices while the subscriber base tops ~125M, supporting higher ARPU and recurring revenue for Alphabet. Article Title
• Positive Sentiment: Google and Intel expanded a multi-year AI infrastructure partnership, reducing execution risk for Google Cloud’s AI capacity buildout and lowering costs for large model workloads. Article Title
• Positive Sentiment: Top analysts and boutiques reinstated bullish views and flagged upside (one analyst sees 30%+ upside), reinforcing momentum narratives around Cloud and AI monetization. Article Title
• Positive Sentiment: Longer-term optionality — fractional exposure to a potential SpaceX IPO value and sustained Google Cloud growth — remains a tailwind for longer-horizon investors. Article Title
• Neutral Sentiment: Alphabet’s board approved new long-term equity awards to executives — standard for tech firms but could be viewed as modest dilution; monitor details when full filings are available. Article Title
• Neutral Sentiment: ETF news (Roundhill GOOGL WeeklyPay distribution) and various market write-ups keep Alphabet in focus but are unlikely to move the stock materially on their own. Article Title
• Negative Sentiment: Short interest jumped in March to ~44.0M shares (+26.8% vs. mid‑March), representing roughly 0.4% of float and a short‑interest ratio near 1.9 days — rising short activity can amplify downside on negative headlines. (Market data)
• Negative Sentiment: Regulatory/legal friction: Indonesia issued a reprimand over YouTube compliance and a California bill would add costs/constraints for Waymo’s robotaxi operations — both increase near‑term policy risk for ad and autonomous-vehicle initiatives. Article Title Article Title
• Negative Sentiment: Some institutional trimming (reported stake reductions) and notes flagging stretched valuation/multiple compression risk could pressure the shares despite solid fundamentals. Article Title Article Title

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the completion of the transaction, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the transaction, the insider owned 13,227 shares of the company's stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,069,344 shares of company stock valued at $104,708,426. 12.99% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.