WealthPlan Investment Management LLC Has $20.53 Million Position in Alphabet Inc. $GOOGL

Key Points

• WealthPlan Investment Management increased its Alphabet stake by 145.7% in the fourth quarter, buying 38,898 more shares and lifting its position to 65,593 shares worth about $20.53 million.
• Alphabet reported stronger-than-expected quarterly results, with EPS of $5.11 versus the $2.64 estimate and revenue of $109.9 billion, while analysts continue to issue bullish ratings and raise price targets.
• The company also boosted its quarterly dividend to $0.22 per share from $0.21, and recent news highlights continued AI and cloud momentum, including a larger AI infrastructure capital plan and new Google Cloud-related business wins.

WealthPlan Investment Management LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 145.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 65,593 shares of the information services provider's stock after buying an additional 38,898 shares during the period. Alphabet makes up 1.3% of WealthPlan Investment Management LLC's investment portfolio, making the stock its 14th biggest holding. WealthPlan Investment Management LLC's holdings in Alphabet were worth $20,531,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. PMV Capital Advisers LLC acquired a new position in Alphabet in the fourth quarter worth about $38,000. Kentucky Trust Co raised its position in Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after purchasing an additional 100 shares in the last quarter. iSAM Funds UK Ltd acquired a new position in Alphabet in the third quarter worth about $53,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Alphabet in the third quarter worth about $53,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in Alphabet in the fourth quarter worth about $69,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 193,016 shares of company stock valued at $17,282,549. Insiders own 11.61% of the company's stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $372.19 on Friday. The firm has a market cap of $4.51 trillion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.58 and a beta of 1.23. The company has a 50 day moving average of $351.15 and a 200-day moving average of $327.52. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1-year low of $162.00 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, equities analysts forecast that Alphabet Inc. will post 14.28 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is 6.71%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet raised its capital plan to $84.75 billion to fund AI infrastructure and cloud capacity, signaling it expects strong demand for compute and is willing to invest heavily to protect and grow its long-term AI position. Reuters article
• Positive Sentiment: Apple reportedly tapped Google Cloud to help power a revamped Siri, which could add a high-profile customer for Alphabet’s cloud business and reinforce its AI infrastructure monetization story. PYMNTS article
• Positive Sentiment: Lovable expanded its multi-year Google Cloud relationship, another sign that Google Cloud is winning AI-related usage and customer growth. TechCrunch article
• Positive Sentiment: Needham reiterated a buy rating and a $450 price target, reflecting continued analyst confidence in Alphabet’s cloud and AI growth potential. Benzinga article
• Neutral Sentiment: Several prominent investors, including Berkshire Hathaway and ARK, were reported as buying Alphabet shares, which supports sentiment but does not change fundamentals on its own. Barron's article
• Neutral Sentiment: Alphabet also received a softer-than-feared UK antitrust ruling that requires new conduct changes and lets publishers opt out of AI training, which may limit some data use but reduces the risk of a harsher regulatory outcome. Reuters article
• Negative Sentiment: Reports that Google is quietly laying off staff in Cloud, including parts of its cybersecurity team, may weigh on sentiment by raising questions about cost discipline and internal restructuring. Business Insider article

Analyst Upgrades and Downgrades

GOOGL has been the subject of several recent research reports. BNP Paribas Exane increased their price target on shares of Alphabet from $390.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Piper Sandler reissued an "overweight" rating and issued a $445.00 price target (up from $425.00) on shares of Alphabet in a research report on Monday. Royal Bank Of Canada set a $425.00 price target on shares of Alphabet and gave the stock an "outperform" rating in a research report on Thursday, April 30th. Mizuho increased their price target on shares of Alphabet from $420.00 to $460.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 6th. Finally, Rothschild & Co Redburn increased their price target on shares of Alphabet from $390.00 to $430.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $413.04.

Alphabet Company 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.

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