ProVise Management Group LLC Decreases Stake in Alphabet Inc. $GOOG

Key Points

• ProVise cuts stake: ProVise Management Group LLC reduced its Alphabet holding by 1.5% in Q4, selling 2,701 shares to own 175,584 shares worth about $55.10 million, representing ~3.9% of its portfolio and its second-largest position.
• Big Q1 beat and analyst response: Alphabet reported Q1 EPS of $5.11 vs $2.68 expected and revenue of $109.9B (+21.8% YoY), prompting analyst upgrades and higher targets (JPMorgan raised its target to $460) and a consensus "Buy" rating.
• Dividend hike and potential headwinds: The company raised its quarterly dividend to $0.22 (annualized $0.88, ~0.2% yield), while insiders sold ~191,053 shares (~$58.8M) last quarter and Alphabet signaled rising 2027 capex that could compress near‑term free cash flow.

ProVise Management Group LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,584 shares of the information services provider's stock after selling 2,701 shares during the quarter. Alphabet accounts for about 3.9% of ProVise Management Group LLC's portfolio, making the stock its 2nd largest position. ProVise Management Group LLC's holdings in Alphabet were worth $55,098,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Brighton Jones LLC grew its holdings in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after purchasing an additional 6,410 shares during the last quarter. Worldquant Millennium Advisors LLC grew its holdings in shares of Alphabet by 76.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock valued at $330,886,000 after purchasing an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of Alphabet during the 2nd quarter valued at approximately $658,000. Financial Advisors Network Inc. grew its holdings in shares of Alphabet by 7.7% during the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock valued at $1,409,000 after purchasing an additional 565 shares during the last quarter. Finally, Ausdal Financial Partners Inc. grew its holdings in shares of Alphabet by 10.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock valued at $6,618,000 after purchasing an additional 3,616 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet Stock Down 0.9%

Shares of NASDAQ GOOG opened at $379.64 on Tuesday. The company has a market capitalization of $4.59 trillion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 1.81 and a beta of 1.25. Alphabet Inc. has a 52-week low of $149.49 and a 52-week high of $384.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company's 50 day moving average price is $312.44 and its 200-day moving average price is $308.65.

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

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a $0.22 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio is presently 6.41%.

Insider Activity

In other news, insider John Kent Walker sold 47,574 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O'toole sold 955 shares of the business's 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 transaction, the chief accounting officer owned 9,918 shares in the company, valued at $2,955,564. The trade was a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 191,053 shares of company stock worth $58,845,206 over the last quarter. Company insiders own 12.99% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 beat and Cloud strength — Alphabet reported far‑above‑consensus EPS and revenue and disclosed a Google Cloud backlog near ~$468B, driving optimistic analyst revisions and momentum after the quarter. Read More.
• Positive Sentiment: Analyst upgrades & higher price targets — Several firms raised targets and reiterated buy/outperform views (examples include JPMorgan, 24/7 Wall St. models projecting material upside, and a Citizens upgrade). These lifts support medium‑term upside expectations. Read More.
• Positive Sentiment: Large buyer activity — Mirae Asset reported a sizable addition to its GOOGL stake in recent 13F filings, signaling institutional demand. Read More.
• Neutral Sentiment: Strategic/geo-political relevance — Coverage notes Washington is increasingly focused on Google for national AI compute capacity, which could translate to long‑term government/business opportunities but also regulatory/oversight scrutiny. Read More.
• Neutral Sentiment: Waymo & mobility investments — Continued large funding and VC interest in Waymo highlight growth optionality beyond ads, but returns are long‑dated. Read More.
• Neutral Sentiment: AI ecosystem lift for semis and payments — Alphabet’s $190B AI buildout and agentic‑commerce themes boost broader AI infrastructure demand (beneficial for Google, but also benefits peers). Read More.
• Negative Sentiment: Institutional trimming & profit‑taking — Some funds cut GOOG/GOOGL positions (State of Michigan reduced GOOGL; Manning & Napier and Yacktman trimmed stakes), consistent with profit‑taking after a big run. That pressure can cap near‑term gains. Read More. Read More.Read More.
• Negative Sentiment: Rising capex guidance — Alphabet warned of a significant increase in 2027 capital spending tied to AI infrastructure, which can compress near‑term free cash flow and prompt some investors to take profits. Read More.
• Negative Sentiment: Insider selling — A director sale was reported (small amount), a reminder some insiders are trimming exposure; typically immaterial alone but contributes to the day's negative tape. Read More.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GOOG. Wells Fargo & Company raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. KeyCorp set a $370.00 target price on shares of Alphabet in a report on Thursday, February 5th. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a report on Monday, February 16th. Canaccord Genuity Group boosted their target price on shares of Alphabet from $330.00 to $390.00 and gave the stock a "buy" rating in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $395.00 to $460.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $362.73.

About Alphabet

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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