Nwam LLC Cuts Position in Alphabet Inc. $GOOGL

Key Points

• Nwam LLC cut its Alphabet stake by 11.8% in the fourth quarter, selling 5,504 shares and leaving it with 41,073 shares worth about $13.5 million.
• Alphabet continues to draw mixed investor attention: several institutions increased holdings, and hedge funds and other institutional investors still own 40.03% of the company.
• The company reported strong quarterly results, with EPS of $5.11 and revenue of $109.9 billion beating estimates, while also raising its quarterly dividend to $0.22 per share.

Nwam LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,073 shares of the information services provider's stock after selling 5,504 shares during the quarter. Alphabet accounts for 0.8% of Nwam LLC's investment portfolio, making the stock its 24th largest position. Nwam LLC's holdings in Alphabet were worth $13,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after acquiring an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after acquiring an additional 506 shares in the last quarter. Matrix Asset Advisors Inc. NY increased its holdings in Alphabet by 17.6% during the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock valued at $685,000 after acquiring an additional 581 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Alphabet by 11.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock valued at $85,557,000 after acquiring an additional 48,805 shares in the last quarter. Finally, United Bank increased its holdings in Alphabet by 6.9% during the 2nd quarter. United Bank now owns 48,204 shares of the information services provider's stock valued at $8,495,000 after acquiring an additional 3,120 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google Cloud announced a partnership with Swedish private equity firm EQT to help more than 300 portfolio companies accelerate AI adoption, reinforcing Google Cloud’s enterprise AI momentum. Reuters: Private equity firm EQT partners with Google Cloud for AI rollout
• Positive Sentiment: Waymo, Alphabet’s self-driving unit, began opening its new Ojai robotaxi to select riders; the vehicle is designed to be cheaper to manufacture and lower fleet-expansion costs, which could improve the long-term economics of the business. CNBC: Waymo opens Ojai robotaxis to select riders
• Positive Sentiment: Cantor Fitzgerald reportedly reiterated a bullish view on Alphabet Class A shares, adding to the case that investors still see upside in the company’s core businesses and AI initiatives.
• Neutral Sentiment: Alphabet is testing Gemini-powered Search ad formats, including conversational discovery and highlighted answers, which could eventually boost monetization but is still in the early rollout phase. Yahoo Finance: GOOGL's Innovative Ad Format to Boost Search Growth
• Neutral Sentiment: Several pieces focused on Alphabet’s stock valuation and technical setup, including commentary suggesting support near current levels and possible upside toward $400, but these are market opinions rather than new fundamentals. Finbold: Google stock is guaranteed to hit $400...
• Negative Sentiment: The U.S. Justice Department charged a Google software engineer with insider trading tied to Polymarket bets, which adds reputational noise and could keep scrutiny on Alphabet’s internal controls and compliance culture. Reuters: US charges Google engineer with insider trading on Polymarket
• Negative Sentiment: Competitor commentary, including DuckDuckGo’s criticism of Google’s AI search overhaul and claims that some users are switching away, highlights ongoing competitive and antitrust pressure on Alphabet’s Search franchise. Yahoo Finance: 'It's Time To Fire Google,' Urges Alphabet's Search Engine Rival

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $390.13 on Friday. The company has a market cap of $4.73 trillion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $408.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company has a 50-day simple moving average of $344.32 and a 200-day simple moving average of $324.52.

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

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors 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. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio is 6.41%.

Insiders Place Their Bets

In related news, CAO Amie Thuener O'toole sold 617 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the firm's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total transaction of $37,842.00. Following the completion of the sale, the director directly owned 18,621 shares in the company, valued at $6,908,391. This represents a 0.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 226,481 shares of company stock valued at $27,422,061. 11.61% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent research reports. CICC Research raised their target price on shares of Alphabet from $388.00 to $407.91 and gave the company an "outperform" rating in a report on Friday, May 1st. Cantor Fitzgerald raised their target price on shares of Alphabet from $395.00 to $465.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Rosenblatt Securities restated a "neutral" rating and set a $393.00 target price on shares of Alphabet in a report on Thursday, May 21st. Barclays restated an "overweight" rating and set a $405.00 target price (up from $360.00) on shares of Alphabet in a 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 company a "buy" rating in a report on Thursday, February 5th. Two investment 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. Based on data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and an average price target of $412.65.

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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