Iams Wealth Management LLC Sells 3,353 Shares of Alphabet Inc. $GOOGL

Key Points

• Iams Wealth Management cut its stake in Alphabet (GOOGL) by 24.7% in the fourth quarter, selling 3,353 shares and leaving 10,212 shares valued at about $3.197 million (≈1.2% of its holdings, 18th largest position).
• Alphabet beat Q1 expectations, reporting $5.11 EPS and $109.9B revenue while Google Cloud grew ~63% to over $20B with backlog near $460B, underpinning stronger earnings momentum and revenue visibility.
• Market reaction has been positive: dozens of analysts raised price targets and reiterated buy/outperform ratings, and Alphabet raised its quarterly dividend to $0.22 per share.

Iams Wealth Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,212 shares of the information services provider's stock after selling 3,353 shares during the period. Alphabet makes up approximately 1.2% of Iams Wealth Management LLC's holdings, making the stock its 18th biggest position. Iams Wealth Management LLC's holdings in Alphabet were worth $3,197,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Members Trust Co boosted its stake in Alphabet by 0.5% in the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock worth $2,014,000 after purchasing an additional 31 shares in the last quarter. Altfest L J & Co. Inc. boosted its stake in Alphabet by 0.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider's stock worth $2,489,000 after purchasing an additional 31 shares in the last quarter. Lifelong Wealth Advisors Inc. boosted its stake in Alphabet by 1.9% in the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider's stock worth $541,000 after purchasing an additional 33 shares in the last quarter. White Wing Wealth Management boosted its stake in Alphabet by 2.9% in the 4th quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider's stock worth $362,000 after purchasing an additional 33 shares in the last quarter. Finally, Quantum Financial Advisors LLC boosted its stake in Alphabet by 0.3% in the 4th quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider's stock worth $3,693,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Analyst Ratings Changes

GOOGL has been the topic of a number of analyst reports. BNP Paribas Exane upped their price target on shares of Alphabet from $390.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Piper Sandler reissued an "overweight" rating and issued a $425.00 target price (up from $395.00) on shares of Alphabet in a research report on Thursday. Bank of America boosted their target price on Alphabet from $370.00 to $430.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Mizuho boosted their target price on Alphabet from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $397.48.

Insider Activity

In other news, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares of the company's stock, valued at $14,293,309.12. This represents a 14.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 102 shares of the company's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00. Following the sale, the director directly owned 18,621 shares of the company's stock, valued at $6,908,391. The trade was a 0.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 191,986 shares of company stock worth $59,159,207. Company insiders own 11.64% of the company's stock.

Alphabet Price Performance

NASDAQ GOOGL opened at $385.69 on Friday. Alphabet Inc. has a 52 week low of $147.84 and a 52 week high of $386.76. The firm has a market capitalization of $4.67 trillion, a P/E ratio of 29.42, a PEG ratio of 2.37 and a beta of 1.12. The company has a quick ratio of 2.01, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $313.72 and a 200-day moving average price of $307.81.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Equities research analysts anticipate that Alphabet Inc. will post 11.62 earnings per share for the current year.

Alphabet Increases Dividend

The firm 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 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is currently 6.71%.

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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