Investment Insight Wealth Management LLC Invests $4.56 Million in Alphabet Inc. $GOOGL

Key Points

• Investment Insight Wealth Management disclosed a new fourth-quarter stake in Alphabet, buying 14,569 shares valued at about $4.56 million. Alphabet now represents 4.5% of the firm’s portfolio and is its fourth-largest holding.
• Wall Street sentiment remains upbeat, with multiple analysts reiterating buy or overweight ratings and a consensus Moderate Buy rating. The average price target is $413.13, above the stock’s recent trading level.
• Alphabet’s latest earnings beat expectations, reporting $5.11 EPS versus the $2.64 estimate on revenue of $109.9 billion. The company also raised its quarterly dividend to $0.22 per share from $0.21.

Investment Insight Wealth Management LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 14,569 shares of the information services provider's stock, valued at approximately $4,560,000. Alphabet makes up 4.5% of Investment Insight Wealth Management LLC's portfolio, making the stock its 4th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. PMV Capital Advisers LLC acquired a new stake in Alphabet during the fourth quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Alphabet in the 4th quarter valued at approximately $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet in the 4th quarter worth approximately $52,000. Kentucky Trust Co raised its holdings in shares of Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after buying an additional 100 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in shares of Alphabet during the 3rd quarter worth approximately $53,000. Institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley boosted their price target on Alphabet from $330.00 to $375.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a research note on Wednesday, May 20th. Barclays restated a "buy" rating on shares of Alphabet in a research note on Friday, May 29th. Truist Financial set a $430.00 target price on shares of Alphabet and gave the stock a "buy" rating in a report on Friday, May 29th. Finally, Wolfe Research dropped their target price on shares of Alphabet from $390.00 to $360.00 and set an "outperform" rating for the company in a research report on Friday, April 10th. Two 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $413.13.

Alphabet Price Performance

Alphabet stock opened at $368.48 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market cap of $4.46 trillion, a P/E ratio of 28.11, a P/E/G ratio of 1.57 and a beta of 1.23. The business's fifty day moving average is $367.04 and its two-hundred day moving average is $331.95. Alphabet Inc. has a 52 week low of $162.00 and a 52 week high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping 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 company had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. Equities research analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, June 8th. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is 6.71%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
• Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
• Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
• Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
• Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
• Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
• Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
• Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 102 shares of the business's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the transaction, the director directly owned 18,721 shares of the company's stock, valued at approximately $7,132,701. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction that occurred 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. In the last 90 days, insiders sold 160,516 shares of company stock valued at $7,344,604. Insiders own 11.61% of the company's stock.

About Alphabet

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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