Turtle Creek Wealth Advisors LLC Has $17.42 Million Stake in Alphabet Inc. $GOOG

Key Points

• Turtle Creek Wealth Advisors increased its stake in Alphabet by 27.4% in Q4 to 55,503 shares worth $17.42 million, making the holding 1.4% of its portfolio and its 14th-largest position.
• Record Q1 results: Alphabet reported EPS of $5.11 (vs. $2.68 consensus) and revenue of $109.9 billion, up 21.8% year-over-year, with Google Cloud growing about 63% to roughly $20 billion.
• Wall Street sentiment has turned more bullish with multiple price-target upgrades, but management flagged very large AI-related capex (~$185–190 billion for 2026 and higher in 2027), which could pressure free cash flow and margins.

Turtle Creek Wealth Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 27.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,503 shares of the information services provider's stock after acquiring an additional 11,926 shares during the period. Alphabet accounts for 1.4% of Turtle Creek Wealth Advisors LLC's investment portfolio, making the stock its 14th biggest holding. Turtle Creek Wealth Advisors LLC's holdings in Alphabet were worth $17,417,000 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 GOOG. Imprint Wealth LLC bought a new position in shares of Alphabet during the 3rd quarter worth about $31,000. Manning & Napier Advisors LLC bought a new position in shares of Alphabet during the 3rd quarter worth about $32,000. Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet during the 4th quarter worth about $38,000. Towne Trust Company N.A increased its holdings in shares of Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock worth $42,000 after purchasing an additional 34 shares during the period. Finally, Lynch Asset Management Inc. bought a new position in shares of Alphabet during the 3rd quarter worth about $61,000. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $383.22 on Monday. The stock has a market cap of $4.64 trillion, a P/E ratio of 29.23, a PEG ratio of 1.81 and a beta of 1.25. The company's 50-day simple moving average is $312.44 and its 200 day simple moving average is $308.65. Alphabet Inc. has a twelve month low of $149.49 and a twelve month high of $383.39. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $2.43. 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 $106.96 billion. During the same quarter in the previous year, the firm posted $2.81 earnings per share. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, research analysts forecast that Alphabet Inc. will post 12.78 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Wedbush restated an "outperform" rating and set a $370.00 price objective on shares of Alphabet in a report on Thursday, February 5th. BMO Capital Markets restated an "outperform" rating and set a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Pivotal Research restated a "buy" rating and set a $470.00 price objective (up from $420.00) on shares of Alphabet in a report on Wednesday. Finally, Cantor Fitzgerald restated a "neutral" rating on shares of Alphabet in a report on Tuesday, January 20th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Alphabet has an average rating of "Buy" and an average target price of $362.73.

Insider Buying and Selling

In other news, Director Frances Arnold sold 102 shares of the business's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total value of $37,842.00. Following the sale, the director owned 18,621 shares in the company, valued at approximately $6,908,391. The trade was a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 191,053 shares of company stock worth $58,845,206 in the last three months. Company insiders own 12.99% of the company's stock.

Key Headlines Impacting Alphabet

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 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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