Oppenheimer Asset Management Inc. Decreases Holdings in Alphabet Inc. $GOOG

Key Points

• Oppenheimer Asset Management cut its Alphabet stake by 6.2% in the fourth quarter, selling 21,496 shares and leaving it with 323,184 shares valued at about $101.4 million.
• Alphabet reported strong Q1 results, with EPS of $5.11 versus the $2.68 consensus and revenue of $109.9 billion, beating estimates and rising 21.8% from a year earlier.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while analysts remain broadly bullish with a consensus Buy rating and a target price of $362.73.

Oppenheimer Asset Management Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,184 shares of the information services provider's stock after selling 21,496 shares during the quarter. Alphabet accounts for about 1.2% of Oppenheimer Asset Management Inc.'s holdings, making the stock its 11th biggest position. Oppenheimer Asset Management Inc.'s holdings in Alphabet were worth $101,415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sigma Planning Corp lifted its stake in Alphabet by 1.1% in the 4th quarter. Sigma Planning Corp now owns 139,304 shares of the information services provider's stock valued at $43,709,000 after buying an additional 1,448 shares in the last quarter. Cullinan Associates Inc. lifted its stake in shares of Alphabet by 12.0% during the 4th quarter. Cullinan Associates Inc. now owns 101,414 shares of the information services provider's stock worth $31,824,000 after purchasing an additional 10,890 shares during the period. Belleair Asset Management LLC acquired a new stake in shares of Alphabet during the 4th quarter worth $514,000. North Star Investment Management Corp. increased its holdings in shares of Alphabet by 16.8% during the 4th quarter. North Star Investment Management Corp. now owns 36,385 shares of the information services provider's stock worth $11,418,000 after buying an additional 5,221 shares during the last quarter. Finally, Safe Harbor Family Capital LLC acquired a new stake in shares of Alphabet during the 4th quarter worth $400,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Price Performance

NASDAQ GOOG opened at $397.05 on Monday. 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 firm has a market capitalization of $4.81 trillion, a PE ratio of 30.29, a P/E/G ratio of 1.62 and a beta of 1.25. Alphabet Inc. has a 12 month low of $153.83 and a 12 month high of $398.37. The company's 50 day simple moving average is $317.19 and its 200 day simple moving average is $311.59.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.81 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

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

Insider Activity

In other Alphabet news, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction 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 completion of the sale, the chief accounting officer owned 9,918 shares of the company's stock, valued at $2,955,564. This trade represents a 8.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction 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 sale, the director directly owned 3,581 shares of the company's stock, valued at $1,187,638.65. This trade represents a 22.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 158,553 shares of company stock worth $47,951,856. Company insiders own 12.99% of the company's stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s recent earnings strength continues to drive optimism, with analysts raising price targets and earnings estimates after a strong Q1 beat that showed faster growth in Search, Cloud, and YouTube. Investors are also reacting to broad bullish coverage and high-profile holders adding to GOOG exposure.
• Positive Sentiment: Google is expanding its AI monetization tools, unveiling AI-powered Search and Shopping bidding/budgeting features that could make ad spending more efficient and support ad revenue growth. Article: Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Alphabet is also leaning into AI and consumer hardware, with new Fitbit Air and AI health-coach launches, plus continued work on smart glasses and broader agentic AI products. These developments reinforce the view that Google is becoming a major AI platform across ads, devices, and subscriptions.
• Neutral Sentiment: Several reports point to continued institutional interest and analyst support, including fund additions and upgraded target prices, but these are largely reinforcement signals rather than immediate catalysts.
• Negative Sentiment: Regulatory overhang remains a concern after Google was given more time to address EU antitrust issues, and a new UK lawsuit over online display ads adds another legal challenge. Article: Google has bit more time to address concerns in EU investigation, EU Commission says
• Negative Sentiment: Google also settled a racial discrimination lawsuit for $50 million, which removes some uncertainty but highlights ongoing reputational and legal risks tied to employment practices. Article: Google settles racial discrimination lawsuit for $50 million

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Needham & Company LLC set a $400.00 price target on Alphabet and gave the company a "buy" rating in a report on Friday, March 13th. Wells Fargo & Company upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $425.00 price target on shares of Alphabet in a research report on Thursday, April 30th. Oppenheimer reaffirmed an "outperform" rating and set a $425.00 price target on shares of Alphabet in a research report on Thursday, April 30th. Finally, DZ Bank raised shares of Alphabet to a "strong-buy" rating in a report on Monday, February 16th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of "Buy" and a consensus target price of $362.73.

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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