Palacios Wealth Management LLC Sells 2,649 Shares of Alphabet Inc. $GOOG

Key Points

• Palacios Wealth Management cut its Alphabet stake by 25%, selling 2,649 shares and leaving 7,945 shares worth about $2.493 million (≈1.9% of its portfolio and its 11th‑largest holding).
• Alphabet beat Q1 estimates, reporting $5.11 EPS vs. consensus near $2.68 and $109.9B revenue with Google Cloud growing ~63% to ≈$20B, and the company also raised its quarterly dividend to $0.22.
• Analyst sentiment remains positive (consensus "Buy," average price target $362.73) but investors should watch heavy insider selling (≈191,986 shares, ~$59.2M over three months) and large AI‑related capex guidance (~$185–190B for 2026) that could pressure cash flow.

Palacios Wealth Management LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,945 shares of the information services provider's stock after selling 2,649 shares during the quarter. Alphabet accounts for approximately 1.9% of Palacios Wealth Management LLC's investment portfolio, making the stock its 11th biggest holding. Palacios Wealth Management LLC's holdings in Alphabet were worth $2,493,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Tradewinds LLC. raised its holdings in shares of Alphabet by 2,134.8% in the third quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider's stock worth $10,984,000 after buying an additional 43,080 shares during the period. Kathmere Capital Management LLC grew its stake in Alphabet by 8.5% in the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock worth $9,381,000 after purchasing an additional 2,341 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in Alphabet by 31.3% in the third quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock worth $86,345,000 after purchasing an additional 84,553 shares in the last quarter. Baltimore Washington Financial Advisors Inc. grew its stake in Alphabet by 0.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider's stock worth $53,920,000 after purchasing an additional 2,009 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its stake in Alphabet by 2.2% in the third quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider's stock worth $38,272,000 after purchasing an additional 3,444 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 0.3%

Shares of NASDAQ GOOG opened at $383.22 on Friday. The company has a current ratio of 1.92, a quick ratio of 2.01 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.64 trillion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 2.36 and a beta of 1.25. The stock's fifty day simple moving average is $312.44 and its two-hundred day simple moving average is $308.21. Alphabet Inc. has a 12-month low of $149.49 and a 12-month high of $383.39.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.81 EPS. As a group, analysts expect that Alphabet Inc. will post 12.78 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced 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 is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's payout ratio is 6.41%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GOOG. Royal Bank Of Canada reissued an "outperform" rating and issued a $375.00 price objective on shares of Alphabet in a research note on Thursday, January 15th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Canaccord Genuity Group increased their price objective on Alphabet from $330.00 to $390.00 and gave the stock a "buy" rating in a research note on Wednesday, January 7th. KeyCorp set a $370.00 price objective on Alphabet in a research note on Thursday, February 5th. Finally, Cantor Fitzgerald reissued a "neutral" rating on shares of Alphabet in a research note on Tuesday, January 20th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $362.73.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the sale, the director directly owned 3,581 shares in the company, valued at $1,187,638.65. This trade represents a 22.67% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 191,986 shares of company stock worth $59,159,207. 12.99% of the stock is currently owned by company insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Record Q1 fundamentals — Alphabet beat estimates (EPS $5.11 vs. $2.64 consensus) and reported $109.9B revenue; Google Cloud grew ~63% to ~ $20B with a very large backlog, which underpins multi-year revenue visibility and explains the rally. Alphabet Q1 2026 Earnings Call Highlights
• Positive Sentiment: Wall Street is upgrading targets — multiple firms (JPMorgan, TD Cowen, Scotiabank, Raymond James, Piper Sandler and others) raised price targets and reiterated buys after the quarter, signaling analyst conviction that AI/cloud growth justifies higher valuation. Coverage: Recent price-target raises
• Positive Sentiment: Strategic wins and ecosystem advantages — articles argue Alphabet’s “compute” advantage (TPUs, datacenter scale, full‑stack Gemini integrations) gives it a structural edge versus rivals and supports both ad/product monetization and enterprise AI demand. Compute is destiny. Google just proved it.
• Neutral Sentiment: Government and enterprise demand — the U.S. Pentagon and other large customers have agreements with leading AI providers including Google, validating long-term cloud/AI revenue channels but timing and contract sizes vary. This supports durable demand but is not an immediate revenue kicker. Pentagon reaches agreements with leading AI companies
• Negative Sentiment: CapEx intensity and cash flow tradeoff — management signaled very large AI-related capital spending (2026 capex ~ $185–190B and “significantly higher” expected in 2027). That funds growth but will pressure free cash flow and raises execution/ROI scrutiny. Alphabet ups 2026 capex to as much as $190 billion
• Negative Sentiment: Rising cost concerns and regulatory risks — commentary highlights the growing capital and operating cost of AI (potential margin/cashflow headwinds), and regulators in Europe are probing Google’s AI/search features — both are watch‑items for investors. Google Stock Growth Collides With The Rising Cost Of AI Italy asks EU to investigate Google AI search tools

Alphabet 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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