Meridian Wealth Management LLC Has $66.18 Million Holdings in Alphabet Inc. $GOOGL

Key Points

• Meridian Wealth Management LLC boosted its Alphabet stake by 34.2% in Q4, buying 53,844 more shares and bringing its holdings to 211,436 shares worth about $66.18 million.
• Alphabet continues to attract bullish analyst support, with a consensus rating of “Moderate Buy” and a target price of $412.94 after several firms reiterated or raised their price objectives.
• The company’s latest results and business momentum remain strong: Q1 earnings beat estimates, Google Cloud posted standout growth, and Alphabet also increased its quarterly dividend from $0.21 to $0.22 per share.

Meridian Wealth Management LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 34.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,436 shares of the information services provider's stock after buying an additional 53,844 shares during the period. Alphabet accounts for about 2.3% of Meridian Wealth Management LLC's investment portfolio, making the stock its 7th biggest holding. Meridian Wealth Management LLC's holdings in Alphabet were worth $66,180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Symmetry Partners LLC grew its holdings in Alphabet by 0.4% during the fourth quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider's stock valued at $2,476,000 after purchasing an additional 30 shares during the period. Members Trust Co grew its holdings in Alphabet by 0.5% during the fourth quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock valued at $2,014,000 after purchasing an additional 31 shares during the period. Altfest L J & Co. Inc. grew its holdings in Alphabet by 0.4% during the fourth quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider's stock valued at $2,489,000 after purchasing an additional 31 shares during the period. Insight 2811 Inc. grew its holdings in Alphabet by 1.0% during the fourth quarter. Insight 2811 Inc. now owns 3,124 shares of the information services provider's stock valued at $978,000 after purchasing an additional 32 shares during the period. Finally, LJI Wealth Management LLC grew its holdings in Alphabet by 0.4% during the fourth quarter. LJI Wealth Management LLC now owns 7,265 shares of the information services provider's stock valued at $2,274,000 after purchasing an additional 32 shares during the period. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director owned 3,581 shares of the company's stock, valued at $1,187,638.65. The trade was a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 226,481 shares of company stock valued at $27,422,061 in the last three months. 11.61% of the stock is currently owned by insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud reported standout Q1’26 results, with revenue up 63% to $20 billion, a 32.9% margin, and a backlog that reached $462 billion, suggesting strong demand and improving profitability. GOOGL Rides on Surging Google Cloud Demand: More Upside Ahead?
• Positive Sentiment: Alphabet and Blackstone announced a partnership to build 500MW of U.S. data center capacity by 2027, underscoring Alphabet’s push to monetize TPU-powered AI compute as a service. Google and Blackstone partner on TPU-powered data centre capacity
• Positive Sentiment: Alphabet’s buy rating was reaffirmed by Barclays, adding to the bullish analyst tone around the stock. Alphabet Class A (GOOGL) Gets a Buy from Cantor Fitzgerald
• Positive Sentiment: Reuters reported that EQT partnered with Google Cloud to accelerate AI adoption across more than 300 portfolio companies, reinforcing Alphabet’s enterprise AI momentum. Private equity firm EQT partners with Google Cloud for AI rollout
• Neutral Sentiment: Waymo continued expanding its robotaxi fleet with lower-cost vehicles and new rider access, which supports Alphabet’s optionality in autonomous driving but is not an immediate earnings driver. Waymo opens Ojai robotaxis to select riders as company aims to lower cost of fleet expansion
• Negative Sentiment: Alphabet is facing fresh reputational and legal pressure after U.S. prosecutors charged a Google engineer in a Polymarket insider-trading case, and an Indian court ruling raised trademark-related ad risk. Indian court ruling on Google keyword ads could reshape online advertising
• Negative Sentiment: Some commentary also suggested Alphabet could face pressure as AI rivals like OpenAI and Anthropic raise larger funding war chests, keeping competition concerns in focus. Anthropic Leapfrogs OpenAI In Valuation. But Here's One Thing To Know.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GOOGL shares. KeyCorp restated an "overweight" rating and set a $425.00 price objective on shares of Alphabet in a report on Wednesday, May 20th. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet and gave the company a "buy" rating in a report on Thursday, April 30th. DZ Bank restated a "buy" rating on shares of Alphabet in a report on Monday, February 16th. Wedbush boosted their price objective on shares of Alphabet from $360.00 to $370.00 and gave the company an "outperform" rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada set a $425.00 price objective on shares of Alphabet and gave the company an "outperform" rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued 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 $412.94.

Alphabet Stock Performance

Shares of GOOGL opened at $380.34 on Friday. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $408.61. The firm has a fifty day simple moving average of $345.77 and a 200 day simple moving average of $324.91. The stock has a market capitalization of $4.61 trillion, a price-to-earnings ratio of 29.01, a PEG ratio of 1.63 and a beta of 1.26. 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 (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 net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Research analysts forecast that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced 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 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 currently 6.41%.

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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