Legacy Advisors LLC Buys 4,546 Shares of Alphabet Inc. $GOOG

Key Points

• Legacy Advisors LLC raised its Alphabet stake by 18.2%, buying 4,546 shares to hold 29,498 shares valued at $8.48M, about 0.7% of its portfolio and its 27th-largest holding.
• Alphabet posted a strong Q1, beating EPS ($5.11 vs $2.63 est.) and revenue ($109.9B) with Google Cloud re‑accelerating to roughly $20B (~63% YoY), and analysts retain a consensus "Buy" with an average target of $351.73.

Legacy Advisors LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 18.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,498 shares of the information services provider's stock after purchasing an additional 4,546 shares during the quarter. Alphabet comprises about 0.7% of Legacy Advisors LLC's portfolio, making the stock its 27th biggest holding. Legacy Advisors LLC's holdings in Alphabet were worth $8,481,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOG. Ring Mountain Capital LLC grew its stake in Alphabet by 0.9% during the fourth quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider's stock worth $1,174,000 after buying an additional 30 shares in the last quarter. HRC Wealth Management LLC raised its position in shares of Alphabet by 1.0% in the 4th quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider's stock valued at $1,014,000 after buying an additional 31 shares in the last quarter. Avaii Wealth Management LLC raised its position in shares of Alphabet by 2.3% in the 4th quarter. Avaii Wealth Management LLC now owns 1,437 shares of the information services provider's stock valued at $451,000 after buying an additional 32 shares in the last quarter. Accel Wealth Management lifted its holdings in shares of Alphabet by 0.8% during the 4th quarter. Accel Wealth Management now owns 4,068 shares of the information services provider's stock worth $1,276,000 after acquiring an additional 33 shares during the period. Finally, Accelerate Investment Advisors LLC lifted its holdings in shares of Alphabet by 1.1% during the 4th quarter. Accelerate Investment Advisors LLC now owns 3,166 shares of the information services provider's stock worth $993,000 after acquiring an additional 34 shares during the period. Institutional investors own 27.26% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 beat — EPS and revenue topped estimates; Google Cloud re‑accelerated to ~$20B (≈63% YoY), validating AI monetization and enterprise demand. This is the primary catalyst for the positive market reaction after the print. Q1 Earnings Beat
• Positive Sentiment: Ad and subscriptions strength — Search/ads and YouTube showed growth (YouTube ad revenue +11%), and paid subs added ~25M, supporting recurring revenue and ad monetization of AI features. Subscriptions Growth
• Positive Sentiment: Analyst support and flows — Several firms raised price targets or reiterated Buy ratings (BMO, KeyBanc, William Blair coverage cited), and visible purchases from investors/ARK ahead of earnings signaled conviction. Analyst upgrades reinforce upside expectations. Analyst Upgrades
• Neutral Sentiment: AI commercialization roadmap — Management emphasized AI Mode / Gemini monetization (including potential ads in Gemini) and partnerships (e.g., Stripe integrations), which are long‑term positives but need execution to translate into durable margin expansion. Gemini Ads & AI Mode
• Neutral Sentiment: Cloud demand vs capacity questions — Cloud revenue growth surprised to the upside but management noted capacity constraints and allocation choices; these can boost near‑term revenue but also raise capex/capacity tradeoffs to monitor. Cloud Capacity Constraints
• Negative Sentiment: Reputation & governance risks — Alphabet’s classified AI deal with the Pentagon provoked employee pushback and investor requests for clearer safeguards on cloud/AI use; reputational and governance risks could attract regulatory or workforce friction. Pentagon AI Deal / Governance
• Negative Sentiment: Regulatory and tax risks — New proposals overseas (e.g., Australia's levy on local news revenues) and EU focus on cloud/AI regulation increase the policy risk premium on hyperscaler revenues. Monitor regional guidance and potential competitive impacts. Regulatory Risk
• Negative Sentiment: Investor positioning and fund flows — Some funds disclosed large reductions and certain trusts trimmed exposure ahead of earnings; short‑term volatility may persist as options traders had priced in a sizable post‑earnings swing. Fund Activity

Analyst Ratings Changes

A number of research analysts recently issued reports on GOOG shares. Sanford C. Bernstein reissued a "market perform" rating and issued a $345.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Oppenheimer restated an "outperform" rating and set a $360.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Wells Fargo & Company raised Alphabet from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. KeyCorp set a $370.00 price target on Alphabet in a research note on Thursday, February 5th. Finally, Wedbush reissued an "outperform" rating and set a $370.00 price target on shares of Alphabet in a report on Thursday, February 5th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $351.73.

Insider Buying and Selling

In related news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the firm's stock in a transaction on Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the sale, the insider owned 13,227 shares in the company, valued at $3,987,279.15. This represents a 78.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,037,192 shares of company stock worth $94,182,217 in the last ninety days. Insiders own 12.99% of the company's stock.

Alphabet Price Performance

GOOG stock opened at $347.31 on Thursday. The stock has a market cap of $4.20 trillion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 2.16 and a beta of 1.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The company has a 50 day simple moving average of $310.87 and a 200 day simple moving average of $307.25. Alphabet Inc. has a 1 year low of $149.49 and a 1 year high of $353.40.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.63 by $2.48. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.60 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the business posted $2.81 earnings per share. Research analysts anticipate that Alphabet Inc. will post 11.53 EPS for the current fiscal year.

About Alphabet

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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