Palumbo Wealth Management LLC Makes New $4.04 Million Investment in Alphabet Inc. $GOOG

Key Points

• Palumbo Wealth Management bought a new position in Alphabet, acquiring 12,880 shares valued at about $4.04 million in Q4, which represents roughly 1.0% of Palumbo’s holdings and is its 24th largest position.
• Alphabet beat Q4 expectations with $2.82 EPS vs. $2.59 consensus and revenue of $113.83B (up 18% YoY); the company trades with a ~$4.0 trillion market cap and a current share price near $330 (52‑week high $350.15).
• Significant insider selling (2,068,744 shares worth ~$104.5M last quarter) and material legal/regulatory risks—including potential $218 billion mass arbitration exposure and a new antitrust suit from Aptoide—could pressure the stock despite positive AI and analyst sentiment.

Palumbo Wealth Management LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,880 shares of the information services provider's stock, valued at approximately $4,042,000. Alphabet makes up 1.0% of Palumbo Wealth Management LLC's holdings, making the stock its 24th largest holding.

A number of other institutional investors have also bought and sold shares of the business. Avaii Wealth Management LLC increased its stake in Alphabet by 2.3% in the 4th quarter. Avaii Wealth Management LLC now owns 1,437 shares of the information services provider's stock worth $451,000 after buying an additional 32 shares in the last quarter. Accel Wealth Management increased its stake in Alphabet by 0.8% in the 4th quarter. Accel Wealth Management now owns 4,068 shares of the information services provider's stock worth $1,276,000 after buying an additional 33 shares in the last quarter. Accelerate Investment Advisors LLC increased its stake in Alphabet by 1.1% in the 4th quarter. Accelerate Investment Advisors LLC now owns 3,166 shares of the information services provider's stock worth $993,000 after buying an additional 34 shares in the last quarter. Aspire Capital Advisors LLC increased its stake in Alphabet by 2.2% in the 4th quarter. Aspire Capital Advisors LLC now owns 1,609 shares of the information services provider's stock worth $505,000 after buying an additional 35 shares in the last quarter. Finally, Morse Asset Management Inc increased its stake in Alphabet by 3.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,093 shares of the information services provider's stock worth $266,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Alphabet Stock Up 3.5%

GOOG opened at $330.43 on Wednesday. The firm has a 50-day simple moving average of $305.60 and a two-hundred day simple moving average of $300.37. Alphabet Inc. has a 52 week low of $148.40 and a 52 week high of $350.15. The company has a market capitalization of $4.00 trillion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.23. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. During the same quarter last year, the firm earned $2.15 EPS. The firm's revenue for the quarter was up 18.0% compared to the same quarter last year. Analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's dividend payout ratio (DPR) is presently 7.77%.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O'toole sold 955 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares of the company's stock, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares of the company's stock, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,068,744 shares of company stock worth $104,505,914 in the last quarter. Company insiders own 12.99% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Top analysts expect strong Q1 momentum and continued earnings/AI-driven growth, supporting near-term upside into the company’s upcoming catalysts (earnings, Google I/O). Early Take: Top Analyst Weighs In on Alphabet (GOOGL) Ahead of Q1 Earnings
• Positive Sentiment: DeepMind released a new robotics AI model and opened it to developers — a tangible AI productization step that reinforces Alphabet’s competitive AI moat and potential commercial pathways for Cloud/robotics. Google DeepMind Releases New AI Model to Bring Robots Closer to Real Autonomy
• Positive Sentiment: Citi put Alphabet on a positive 90-day catalyst watch citing Q1 results, Google I/O and Cloud Next as potential catalysts — institutional attention can amplify gains into those events. Alphabet (GOOG) Stock Gains Citi’s Positive Catalyst Watch Through July
• Positive Sentiment: Strategic chip/AI supply deals (Broadcom + Google TPUs and expanded Anthropic collaboration) de‑risk Alphabet’s AI infrastructure story and support investor confidence in long-term AI monetization. Here is why Alphabet (GOOGL) Is Among the High-Flying AI Stocks to Buy
• Neutral Sentiment: Bull/bear price models and buy signals (e.g., 24/7 Wall St. target ~ $352) provide upside narratives but depend on execution in Cloud/AI and ad resilience. Google Price Prediction: Bull and Bear Case
• Negative Sentiment: Mass arbitration claims tied to ad tech and search rulings could expose Alphabet to as much as $218 billion in damages — a large potential liability that raises regulatory/legal overhang and investor uncertainty. Alphabet Faces $218 Billion Mass Arbitration Claims Over Ad Tech And Search Rulings
• Negative Sentiment: New antitrust suit from rival Android app store Aptoide alleges Google monopolizes app distribution and billing — adds to legal risk profile and could pressure Android-related revenue or margins if rulings are unfavorable. Google sued by rival app store Aptoide over alleged monopoly
• Negative Sentiment: Competitive pressure in digital ads: Emarketer/WSJ projections show Meta may overtake Google in net ad revenue this year — a structural risk for Google’s largest business that could weigh on longer-term top-line growth. Meta poised to surpass Google in digital ad revenue for first time, report says

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GOOG shares. TD Cowen reiterated a "buy" rating and issued a $365.00 price target (up from $355.00) on shares of Alphabet in a research note on Thursday, February 5th. Cantor Fitzgerald reissued a "neutral" rating on shares of Alphabet in a report on Tuesday, January 20th. Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the company a "buy" rating in a report on Friday, March 13th. Wedbush reissued an "outperform" rating and set a $370.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Finally, Raymond James Financial raised shares of Alphabet from an "outperform" rating to a "strong-buy" rating and increased their price objective for the company from $315.00 to $400.00 in a report on Thursday, January 22nd. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Alphabet has an average rating of "Buy" and an average target price of $345.71.

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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