Marietta Wealth Management LLC Has $50.96 Million Holdings in Alphabet Inc. $GOOGL

Key Points

• Marietta Wealth Management LLC increased its Alphabet stake by 75.2% in the fourth quarter, buying 69,895 additional shares and bringing its total holding to 162,816 shares valued at about $50.96 million. Alphabet is now the fund’s largest position, making up roughly 5.9% of its portfolio.
• Alphabet reported a strong quarter, with EPS of $5.11 and revenue of $109.9 billion, both ahead of analyst expectations. The company also raised its quarterly dividend to $0.22 per share from $0.21.
• Sentiment around the stock remains upbeat, with several analysts raising price targets and Alphabet continuing to push AI initiatives in ads, cloud, and search. At the same time, the company still faces regulatory and antitrust risks, including an EU investigation and a new UK lawsuit.

Marietta Wealth Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 75.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 162,816 shares of the information services provider's stock after purchasing an additional 69,895 shares during the period. Alphabet makes up approximately 5.9% of Marietta Wealth Management LLC's investment portfolio, making the stock its biggest holding. Marietta Wealth Management LLC's holdings in Alphabet were worth $50,962,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GOOGL. Berkshire Hathaway Inc bought a new stake in Alphabet in the third quarter worth about $4,338,397,000. Capital World Investors lifted its stake in Alphabet by 28.0% in the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after purchasing an additional 11,605,785 shares during the last quarter. Capital Research Global Investors lifted its stake in Alphabet by 15.7% in the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock worth $12,333,076,000 after purchasing an additional 6,874,381 shares during the last quarter. Mizuho Markets Cayman LP lifted its stake in Alphabet by 23,402.1% in the third quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider's stock worth $1,487,419,000 after purchasing an additional 6,092,513 shares during the last quarter. Finally, Coatue Management LLC increased its position in shares of Alphabet by 259.1% during the third quarter. Coatue Management LLC now owns 7,221,115 shares of the information services provider's stock worth $1,755,453,000 after acquiring an additional 5,210,434 shares during the period. Institutional investors own 40.03% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled upcoming AI-powered bidding and budget-pacing tools for Google Ads, which could make Search and Shopping advertising more efficient and attractive for advertisers. Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Multiple analysts raised price targets on Alphabet, including DBS Bank to $460 and other firms lifting estimates after the company’s earnings beat, reinforcing the view that results remain stronger than expected. DBS Bank Adjusts Price Target on Alphabet to 460
• Positive Sentiment: Google Cloud’s partnership with OTB Group on a generative-AI virtual try-on experience adds to the narrative that Alphabet can monetize AI across enterprise and retail use cases. Google Cloud Partners With OTB Group
• Positive Sentiment: Reports highlighted strong investor appetite for AI leaders such as Google, and recent coverage continues to frame Alphabet as one of the main beneficiaries of the AI spending cycle. Google, Broadcom Drive Delirious Demand
• Positive Sentiment: Recent reports on Google’s AI “agent” efforts and AI search features suggest Alphabet is expanding its product lead in next-generation search and automation tools. Meta, Google enter AI agent race
• Neutral Sentiment: Alphabet is also getting more time to address EU regulators’ concerns in an ongoing antitrust investigation, which removes some immediate pressure but does not eliminate the legal overhang. Google Gets More Time in EU Investigation
• Negative Sentiment: Google faces a new UK lawsuit over online display ads, adding another antitrust/legal risk that could weigh on sentiment if regulatory scrutiny intensifies. Google Faces New UK Lawsuit Over Online Display Ads

Alphabet Stock Performance

Shares of GOOGL stock opened at $400.69 on Friday. The firm has a market cap of $4.85 trillion, a price-to-earnings ratio of 30.56, a PEG ratio of 1.67 and a beta of 1.26. The company's 50 day moving average is $318.66 and its 200 day moving average is $311.72. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 52-week low of $152.20 and a 52-week high of $402.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, sell-side analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio is 6.41%.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares of the company's stock, valued at $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director directly owned 3,581 shares in the company, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 158,553 shares of company stock valued at $47,951,856. 11.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of research reports. Bank of America raised their target price on shares of Alphabet from $370.00 to $430.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Piper Sandler reaffirmed an "overweight" rating and set a $425.00 target price (up from $395.00) on shares of Alphabet in a research report on Thursday, April 30th. DZ Bank reaffirmed a "buy" rating on shares of Alphabet in a research report on Monday, February 16th. Needham & Company LLC raised their target price on shares of Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Moffett Nathanson raised their target price on shares of Alphabet from $305.00 to $350.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $407.86.

Alphabet Company 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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