Sandro Wealth Management LLC Buys Shares of 24,440 Alphabet Inc. $GOOGL

Key Points

• Sandro Wealth Management disclosed a new position in Alphabet, buying 24,440 shares valued at about $7.65 million. The stake makes Alphabet the firm’s largest holding, representing roughly 6.3% of its portfolio.
• Alphabet reported strong quarterly results, with EPS of $5.11 versus consensus of $2.64 and revenue of $109.9 billion, topping expectations. The company also increased its quarterly dividend to $0.22 per share from $0.21.
• Analysts remain broadly positive on GOOGL, with multiple firms raising price targets and MarketBeat showing a “Moderate Buy” consensus. The stock was also up modestly, trading near its 52-week high at the time of the report.

Sandro Wealth Management LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 24,440 shares of the information services provider's stock, valued at approximately $7,650,000. Alphabet accounts for about 6.3% of Sandro Wealth Management LLC's holdings, making the stock its biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOGL. Brighton Jones LLC grew its holdings in shares of Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after purchasing an additional 506 shares during the period. Matrix Asset Advisors Inc. NY lifted its position in shares of Alphabet by 17.6% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock worth $685,000 after purchasing an additional 581 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Alphabet by 11.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock worth $85,557,000 after purchasing an additional 48,805 shares during the period. Finally, United Bank lifted its position in shares of Alphabet by 6.9% during the 2nd quarter. United Bank now owns 48,204 shares of the information services provider's stock valued at $8,495,000 after acquiring an additional 3,120 shares during the period. 40.03% of the stock is owned by institutional investors.

Alphabet Stock Up 0.3%

GOOGL stock opened at $388.91 on Thursday. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $334.65 and its 200 day moving average is $320.07. The stock has a market cap of $4.71 trillion, a price-to-earnings ratio of 29.67, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued 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 net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. Sell-side analysts predict that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared 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. The ex-dividend date is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is 6.41%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 3,581 shares in the company, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the completion of the transaction, the chief executive officer owned 1,674,560 shares in the company, valued at $508,028,012.80. This represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 226,481 shares of company stock valued at $27,422,061. 11.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GOOGL. Stifel Nicolaus set a $420.00 target price on shares of Alphabet and gave the company a "buy" rating in a research report on Thursday, April 30th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $390.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Morgan Stanley upped their target price on shares of Alphabet from $330.00 to $375.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Alphabet in a research report on Tuesday, April 28th. Finally, Barclays restated an "overweight" rating and set a $405.00 price target (up from $360.00) on shares of Alphabet in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $412.65.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google I/O showcase highlighted a broad AI push across Search, Gemini, Workspace, shopping, coding, and video tools, reinforcing expectations that Google can monetize AI rather than just defend against competitors. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Google and Blackstone announced a $5 billion joint venture to build AI cloud infrastructure powered by Google’s TPU chips, which could expand demand for Alphabet’s custom silicon and strengthen its enterprise AI ecosystem. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Wall Street analysts turned more constructive after I/O, with firms including BofA, KeyCorp, Citizens JMP, Needham, and others reiterating or raising targets, signaling confidence that Alphabet’s AI strategy is gaining traction. Alphabet analyst forecasts
• Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, showing that its AI products are already operating at significant scale. Google kicks off I/O conference with AI upgrades for coders, consumers
• Positive Sentiment: Alphabet also introduced new AI-powered search and shopping features, including agentic tools and a universal cart, which could open additional monetization opportunities. Google's new Universal Cart wants to follow you across the entire internet
• Neutral Sentiment: Insider and shareholder sales were disclosed, including a director sale and a larger shareholder sale, but these appear to be routine filings rather than a clear signal of changing fundamentals. SEC filing
• Negative Sentiment: Ofcom said YouTube and TikTok have not done enough to protect British children from harmful content, adding another layer of regulatory scrutiny for Alphabet’s YouTube business. TikTok, YouTube lag on UK child safety as rivals act, regulator says
• Negative Sentiment: Some investors worry that Google’s AI-heavy search redesign could pressure its core ad model by reducing reliance on the traditional “ten blue links” format. Google Search as you know it is over

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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