Kestra Private Wealth Services LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 236,514 shares of the information services provider's stock after selling 3,207 shares during the quarter. Alphabet comprises 0.9% of Kestra Private Wealth Services LLC's holdings, making the stock its 15th largest position. Kestra Private Wealth Services LLC's holdings in Alphabet were worth $74,218,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet in the fourth quarter worth about $38,000. Imprint Wealth LLC purchased a new position in shares of Alphabet in the third quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new position in shares of Alphabet in the third quarter worth about $32,000. Towne Trust Company N.A raised its stake in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after purchasing an additional 34 shares during the last quarter. Finally, Creative Capital Management Investments LLC boosted its stake in shares of Alphabet by 1,438.5% in the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider's stock worth $63,000 after buying an additional 187 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on GOOG. Oppenheimer reaffirmed an "outperform" rating and set a $425.00 target price on shares of Alphabet in a report on Thursday, April 30th. Phillip Securities lowered Alphabet from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, April 15th. KeyCorp set a $370.00 target price on Alphabet in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $370.00 target price on shares of Alphabet in a report on Tuesday, January 20th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $345.00 target price on shares of Alphabet in a report on Thursday, February 5th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $362.73.
Check Out Our Latest Stock Analysis on Alphabet
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Q1 momentum and Anthropic cloud deal continue to underpin the rally — social and analyst chatter notes a post-earnings surge, AI-fueled ad strength and a reported ~$200B Anthropic commitment that materially boosts Alphabet’s cloud backlog and revenue visibility. Read More.
- Positive Sentiment: Analyst upgrades and higher price targets — Mizuho and other firms have raised forecasts and targets (examples around $460+), supporting upside expectations and helping push the stock higher. Read More.
- Positive Sentiment: Institutional buying reported — a handful of funds disclosed fresh additions (Swiss National Bank, Allen Investment, Fisher Asset among others), signaling conviction from large holders. Read More. • Read More.
- Neutral Sentiment: New consumer products and subscription moves could expand monetization but are early-stage — Google launched the Fitbit Air wearable and an AI health-coach subscription, which add recurring-revenue potential but are not yet material to near-term results. Read More.
- Negative Sentiment: EU regulatory risk remains — Alphabet has proposed changes to news search to head off additional multibillion-euro fines, highlighting ongoing antitrust exposure that could pressure European revenue or require product changes. Read More.
- Negative Sentiment: Significant insider and some institutional selling — data show heavy insider sales in recent months and several large funds (Deutsche Bank, CalPERS, Madison) trimmed GOOG positions, which can cap short-term upside and increase volatility. Read More. • Read More.
Alphabet Stock Performance
Shares of GOOG stock opened at $395.30 on Friday. The company has a market capitalization of $4.78 trillion, a P/E ratio of 30.15, a P/E/G ratio of 1.65 and a beta of 1.25. The business's 50 day moving average is $317.19 and its two-hundred day moving average is $311.59. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $153.83 and a 12-month high of $397.36.
Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.Alphabet's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.81 earnings per share. Analysts expect that Alphabet Inc. will post 14 EPS for the current fiscal year.
Alphabet Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a dividend of $0.22 per share. 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 is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is currently 6.41%.
Insiders Place Their Bets
In other Alphabet news, CAO Amie Thuener O'toole sold 955 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares in the company, valued at approximately $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director owned 3,581 shares in the company, valued at $1,187,638.65. This represents a 22.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 158,553 shares of company stock worth $47,951,856. Company insiders own 12.99% of the company's stock.
Alphabet Company Profile
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Free Report)
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.
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