N.E.W. Advisory Services LLC Has $1.52 Million Holdings in Alphabet Inc. $GOOGL

Key Points

• N.E.W. Advisory Services LLC increased its Alphabet stake by 37.1% in Q4, ending with 4,868 shares valued at about $1.52 million.
• Alphabet posted a strong quarterly beat, reporting $5.11 EPS versus $2.64 expected and revenue of $109.9 billion, while analysts remain broadly positive with a Moderate Buy consensus and an average target price of $407.86.
• The company raised its quarterly dividend to $0.22 per share from $0.21, and Alphabet stock recently traded near $388.64, close to its 52-week high of $402.00.

N.E.W. Advisory Services LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 37.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,868 shares of the information services provider's stock after acquiring an additional 1,318 shares during the period. N.E.W. Advisory Services LLC's holdings in Alphabet were worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GOOGL. Brighton Jones LLC grew its holdings in shares of Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after purchasing an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after purchasing an additional 506 shares during the period. Matrix Asset Advisors Inc. NY raised its stake in Alphabet by 17.6% in the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock valued at $685,000 after purchasing an additional 581 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Alphabet by 11.2% during the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock worth $85,557,000 after purchasing an additional 48,805 shares during the period. Finally, United Bank lifted its position in Alphabet by 6.9% during the second quarter. United Bank now owns 48,204 shares of the information services provider's stock worth $8,495,000 after purchasing an additional 3,120 shares during the period. 40.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent analyst reports. Morgan Stanley raised their target price on shares of Alphabet from $330.00 to $375.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. KeyCorp set a $425.00 price target on shares of Alphabet and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Bank of America lifted their price objective on shares of Alphabet from $370.00 to $430.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Jefferies Financial Group restated a "buy" rating on shares of Alphabet in a research report on Monday, May 4th. Finally, Roth Mkm restated a "buy" rating on shares of Alphabet in a research note on Thursday, April 30th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $407.86.

Alphabet Price Performance

GOOGL stock opened at $388.64 on Tuesday. The company has a market capitalization of $4.71 trillion, a P/E ratio of 29.64, a PEG ratio of 1.64 and a beta of 1.26. The company has a fifty day moving average price of $322.04 and a 200-day moving average price of $313.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a 52-week low of $156.16 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 for the quarter, topping the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, equities analysts expect that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The business 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 $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio is presently 6.41%.

Insider Buying and Selling

In other news, insider John Kent Walker sold 8,993 shares of the firm's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 158,553 shares of company stock valued at $47,951,856. Corporate insiders own 11.61% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet briefly surpassed NVIDIA in market value, highlighting renewed investor confidence in its AI strategy and earnings strength. Alphabet Is on the Brink of Beating NVIDIA in Market Value: ETFs to Buy
• Positive Sentiment: Google said it likely thwarted an AI-generated zero-day exploit, underscoring the strength of its cybersecurity capabilities and AI threat-detection tools. Google says it likely thwarted effort by hacker group to use AI for 'mass exploitation event'
• Positive Sentiment: Alphabet is expanding Google Finance into Europe as part of its AI-focused product rollout, supporting the case for continued AI-driven innovation across its ecosystem. Google Finance Continues AI-Focused Expansion With EU Launch
• Neutral Sentiment: Alphabet is planning its first yen-denominated bond offering to help fund rising AI infrastructure spending, adding to its recent debt raises in other currencies. Alphabet considers first yen bond sale to fund AI goals
• Neutral Sentiment: Reports that short interest increased were based on zero shares reported, so they do not appear to provide meaningful directional signal for GOOGL.
• Negative Sentiment: The U.S. Commerce Department removed details from a public page about AI security testing involving Google, Microsoft, and xAI, which could raise mild regulatory transparency questions. Microsoft, Google, xAI security test details deleted from US government website

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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