Obermeyer Wealth Partners Cuts Holdings in Alphabet Inc. $GOOGL

Key Points

• Obermeyer Wealth Partners cut its Alphabet stake by 7.6% in the fourth quarter, selling 2,839 shares and ending with 34,454 shares valued at about $10.8 million.
• Alphabet’s fundamentals remain strong: the company recently reported EPS of $5.11 versus estimates of $2.64 and revenue of $109.9 billion, both above analyst expectations.
• Wall Street remains bullish on GOOGL, with several firms raising price targets and an average analyst rating of “Moderate Buy”; the stock also recently increased its quarterly dividend to $0.22 per share.

Obermeyer Wealth Partners lessened its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,454 shares of the information services provider's stock after selling 2,839 shares during the period. Obermeyer Wealth Partners' holdings in Alphabet were worth $10,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at $38,000. Kentucky Trust Co lifted its holdings in Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after buying an additional 100 shares during the period. iSAM Funds UK Ltd purchased a new stake in Alphabet in the 3rd quarter worth approximately $53,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Alphabet in the 3rd quarter worth about $53,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in shares of Alphabet in the 4th quarter worth about $69,000. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 102 shares of the firm's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $371.00, for a total value of $37,842.00. Following the completion of the sale, the director owned 18,621 shares in the company, valued at approximately $6,908,391. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the insider owned 51,808 shares of the company's stock, valued at $14,293,309.12. This trade represents a 14.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 158,553 shares of company stock worth $47,951,856. 11.61% of the stock is currently owned by company insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is rolling out Gemini-powered Android features that let AI understand screen context and complete multi-step tasks, strengthening its AI platform and expanding practical use cases across its ecosystem.
• Positive Sentiment: Google is bringing “agentic” AI, Gemini in Chrome, and new AI-native “Googlebooks” laptops to market, signaling a broader product cycle that could support future revenue growth and keep Alphabet competitive with Apple and other tech giants.
• Positive Sentiment: Alphabet’s partnership with Affirm and Klarna to embed pay-over-time options into Gemini and Google Search could boost commerce activity, improve conversion rates, and make Google Pay more valuable to consumers and merchants.
• Positive Sentiment: Google-backed Isomorphic Labs raised $2.1 billion to scale AI-driven drug discovery, underscoring investor enthusiasm for Alphabet’s broader AI ecosystem and the value of its venture investments.
• Positive Sentiment: Reports that Alphabet is exploring first-ever yen bond financing to fund AI infrastructure suggest the company is willing to invest aggressively in compute capacity, which investors may view as necessary to defend and extend its AI lead.
• Neutral Sentiment: Commentary around Alphabet nearing Nvidia in market value and being at the center of the AI boom highlights strong momentum, but these are more market narratives than immediate fundamental catalysts.
• Negative Sentiment: Alphabet’s heavier AI spending and new debt issuance may pressure near-term margins and raise concerns that the company is trading balance-sheet strength for a more capital-intensive growth strategy.
• Negative Sentiment: Waymo’s robotaxi recall over a self-driving software issue is a reminder that Alphabet’s broader “Other Bets” businesses still carry operational and regulatory execution risks.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GOOGL. Wedbush raised their target price on Alphabet from $360.00 to $370.00 and gave the company an "outperform" rating in a research note on Thursday, February 5th. Evercore lifted their target price on shares of Alphabet from $400.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. Dbs Bank boosted their price objective on shares of Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Loop Capital lifted their price objective on Alphabet from $320.00 to $355.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $407.86.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $387.35 on Wednesday. The firm has a fifty day moving average price of $323.56 and a 200 day moving average price of $314.66. Alphabet Inc. has a fifty-two week low of $156.16 and a fifty-two week high of $402.00. The firm has a market cap of $4.69 trillion, a price-to-earnings ratio of 29.55, a P/E/G ratio of 1.59 and a beta of 1.26. 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 (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. As a group, sell-side analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is 6.41%.

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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