Wealth Enhancement Trust Services Inc. Makes New Investment in Alphabet Inc. $GOOGL

Key Points

• Wealth Enhancement Trust Services bought a new position in Alphabet, acquiring 70,116 shares in Q4 worth about $21.95 million, representing roughly 2.8% of the firm's holdings and its seventh-largest position.
• Alphabet beat Q1 estimates with $5.11 EPS (vs. $2.64 expected) and $109.9B revenue, driven by a ~63% surge in Google Cloud to >$20B, spurring multiple price-target raises and a MarketBeat consensus of Moderate Buy (consensus target $397.48).
• Notable insider selling: John Kent Walker sold 8,993 shares for ~$2.48M, and insiders sold 191,053 shares worth ~$58.85M in the past 90 days, though insiders still own 11.61% of the company.

Wealth Enhancement Trust Services Inc. bought a new position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 70,116 shares of the information services provider's stock, valued at approximately $21,946,000. Alphabet makes up about 2.8% of Wealth Enhancement Trust Services Inc.'s holdings, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Members Trust Co boosted its stake in Alphabet by 0.5% in the fourth quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock worth $2,014,000 after buying an additional 31 shares in the last quarter. Altfest L J & Co. Inc. boosted its stake in Alphabet by 0.4% in the fourth quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider's stock worth $2,489,000 after buying an additional 31 shares in the last quarter. Lifelong Wealth Advisors Inc. boosted its stake in Alphabet by 1.9% in the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider's stock worth $541,000 after buying an additional 33 shares in the last quarter. White Wing Wealth Management boosted its stake in Alphabet by 2.9% in the fourth quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider's stock worth $362,000 after buying an additional 33 shares in the last quarter. Finally, Quantum Financial Advisors LLC boosted its stake in Alphabet by 0.3% in the fourth quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider's stock worth $3,693,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Get Alphabet SMS alerts:

Sign Up

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 8,993 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the sale, the insider directly owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frances Arnold sold 102 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total value of $37,842.00. Following the completion of the sale, the director directly owned 18,621 shares in the company, valued at approximately $6,908,391. This represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 191,053 shares of company stock valued at $58,845,206. 11.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on GOOGL shares. BMO Capital Markets boosted their price objective on Alphabet from $410.00 to $435.00 and gave the company an "outperform" rating in a research report on Thursday. DA Davidson boosted their price objective on Alphabet from $300.00 to $310.00 and gave the company a "neutral" rating in a research report on Thursday, February 5th. Canaccord Genuity Group boosted their price objective on Alphabet from $415.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday. Pivotal Research boosted their price objective on Alphabet from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Finally, HSBC boosted their price objective on Alphabet from $385.00 to $435.00 and gave the company a "buy" rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $397.48.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Alphabet Price Performance

Shares of GOOGL stock opened at $385.69 on Monday. The stock has a market cap of $4.67 trillion, a price-to-earnings ratio of 29.42, a PEG ratio of 1.80 and a beta of 1.26. The business's fifty day moving average is $313.72 and its 200 day moving average is $308.70. Alphabet Inc. has a twelve month low of $147.84 and a twelve month high of $386.76. 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:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. Research analysts expect that Alphabet Inc. will post 12.94 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. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's payout ratio is currently 6.41%.

Alphabet Profile

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.