Integrated Wealth Concepts LLC Increases Stake in Alphabet Inc. $GOOGL

Key Points

• Integrated Wealth Concepts LLC raised its stake in Alphabet by 7.3% in Q3, acquiring an additional 13,751 shares to hold 201,861 shares valued at about $49.07 million.
• Alphabet beat expectations with $2.82 EPS vs. $2.57 estimated and $113.83 billion revenue, and declared a quarterly dividend of $0.21 (annualized $0.84, ~0.3% yield); the company carries a market cap near $3.70 trillion.
• Alphabet closed a roughly $32 billion acquisition of Wiz to strengthen cloud security and enterprise positioning, while analysts maintain a consensus "Moderate Buy" target of $367.18; however, insiders sold about 2.08 million shares (~$108 million) last quarter.

Integrated Wealth Concepts LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 201,861 shares of the information services provider's stock after buying an additional 13,751 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Alphabet were worth $49,072,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Delta Asset Management LLC TN raised its stake in shares of Alphabet by 0.6% in the third quarter. Delta Asset Management LLC TN now owns 6,153 shares of the information services provider's stock valued at $1,496,000 after acquiring an additional 37 shares in the last quarter. Matisse Capital boosted its holdings in Alphabet by 0.3% in the third quarter. Matisse Capital now owns 14,814 shares of the information services provider's stock valued at $3,601,000 after purchasing an additional 38 shares during the period. Rialto Wealth Management LLC grew its stake in Alphabet by 1.7% during the 3rd quarter. Rialto Wealth Management LLC now owns 2,226 shares of the information services provider's stock worth $541,000 after purchasing an additional 38 shares in the last quarter. Hodges Capital Management Inc. grew its stake in Alphabet by 0.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 6,963 shares of the information services provider's stock worth $1,693,000 after purchasing an additional 38 shares in the last quarter. Finally, Wilkins Miller Wealth Management LLC increased its holdings in Alphabet by 0.9% during the 3rd quarter. Wilkins Miller Wealth Management LLC now owns 4,052 shares of the information services provider's stock worth $985,000 after purchasing an additional 38 shares during the period. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Trading Up 1.1%

Shares of Alphabet stock opened at $305.56 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $3.70 trillion, a P/E ratio of 28.27, a PEG ratio of 1.77 and a beta of 1.10. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The company's fifty day moving average is $318.90 and its two-hundred day moving average is $291.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion during the quarter, compared to analysts' expectations of $111.24 billion. Analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GOOGL shares. Jefferies Financial Group increased their price target on Alphabet from $365.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Wells Fargo & Company set a $354.00 price objective on Alphabet and gave the stock an "equal weight" rating in a research report on Thursday, February 5th. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a research note on Wednesday, January 21st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $370.00 target price on shares of Alphabet in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. reiterated a "buy" rating on shares of Alphabet in a research note on Monday, February 9th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Moderate Buy" and a consensus target price of $367.18.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Market perception that Alphabet has shifted from being "hunted" to a "hunter" in the AI race — investors interpret this as improved competitive positioning for search, ads and cloud monetization, supporting near‑to‑midterm growth expectations. Alphabet (GOOG) gained from its shift in the AI race from being 'hunted' to being a 'hunter'
• Positive Sentiment: Google closed its ~$32B acquisition of Wiz — strengthens cloud security capabilities and enterprise positioning, which should help diversify revenue and deepen enterprise cloud relationships over time. Wiz investor unpacks Google's $32B acquisition
• Positive Sentiment: Analyst support: Needham reiterated a Buy on GOOGL, which can buoy investor sentiment and act as a near‑term catalyst for buying interest. Alphabet's (GOOGL) Buy Rating Reiterated at Needham & Company LLC
• Neutral Sentiment: Heavy retail/investor attention and trending stock coverage (Zacks) — increased searches can raise volatility and volume, but are not a direct signal of fundamentals. Alphabet Inc. (GOOG) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Reported short‑interest data shows zero reported short shares and a 0.0 days‑to‑cover — likely a reporting anomaly; not meaningful evidence of decreased bearish positioning.
• Negative Sentiment: EU regulatory risk: European publishers and tech firms are urging the EU to conclude a long antitrust probe and impose a fine on Google over alleged search favoritism — a faster or larger penalty could pressure revenue from search and create operational constraints. Exclusive: European publishers, tech firms urge EU to speed up fine on Google over search

Insider Activity

In other news, Director Frances Arnold sold 112 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the transaction, the director owned 18,418 shares of the company's stock, valued at approximately $5,580,469.82. The trade was a 0.60% decrease in their ownership of the stock. The transaction 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 the business's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares in the company, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,076,615 shares of company stock worth $107,809,111 over the last quarter. 11.55% of the stock is owned by insiders.

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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