Western Pacific Wealth Management LP Sells 6,000 Shares of Alphabet Inc. $GOOG

Key Points

• Western Pacific Wealth Management LP cut its Alphabet stake by 31.9% in the fourth quarter, selling 6,000 shares and leaving it with 12,798 shares worth about $4.0 million.
• Alphabet reported strong quarterly results, with earnings of $5.11 per share and revenue of $109.9 billion, both above analyst expectations and up 21.8% year over year.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while analysts remain broadly bullish with a consensus rating of “Buy” and an average price target of $372.65.

Western Pacific Wealth Management LP decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 31.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,798 shares of the information services provider's stock after selling 6,000 shares during the period. Alphabet makes up 3.9% of Western Pacific Wealth Management LP's portfolio, making the stock its 10th biggest position. Western Pacific Wealth Management LP's holdings in Alphabet were worth $4,016,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of GOOG. Brighton Jones LLC boosted its position 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 in the last quarter. Worldquant Millennium Advisors LLC boosted its position 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 in the last quarter. Darwin Wealth Management LLC bought a new position in shares of Alphabet during the 2nd quarter valued at about $658,000. Financial Advisors Network Inc. boosted its position 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 in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its position 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 in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.

Alphabet Stock Performance

Shares of GOOG opened at $383.47 on Friday. Alphabet Inc. has a one year low of $163.33 and a one year high of $404.47. The company has a 50-day moving average of $334.12 and a two-hundred day moving average of $320.40. The stock has a market cap of $4.65 trillion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.96 billion. During the same period last year, the company posted $2.81 earnings per share. The business's revenue for the quarter was up 21.8% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a $0.22 dividend. The ex-dividend date 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 is 6.41%.

Wall Street Analyst Weigh In

GOOG has been the subject of several research reports. KeyCorp restated an "overweight" rating on shares of Alphabet in a research report on Wednesday. DZ Bank upgraded shares of Alphabet to a "strong-buy" rating in a research report on Monday, February 16th. Scotiabank restated an "outperform" rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Raymond James Financial restated a "strong-buy" rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday, April 30th. Finally, Truist Financial set a $385.00 target price on shares of Alphabet in a report on Wednesday, April 22nd. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $372.65.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled a broad AI push at Google I/O, including new Gemini models, AI agents, smarter search tools, and new ad formats, which analysts say could lift monetization in Search and Cloud. Alphabet showcases new AI models and agent tools at Google I/O 2026
• Positive Sentiment: Bank of America and other Wall Street firms reiterated bullish ratings and raised price targets after the I/O event, reinforcing the view that Alphabet’s AI strategy can support earnings growth. Bank of America Pounds the Table on Alphabet Stock (GOOGL) after Developer Conference
• Positive Sentiment: Alphabet raised ¥576.9 billion through a multi-tranche yen note offering, giving it additional capital flexibility to fund AI infrastructure and data-center expansion. Alphabet Raises ¥576.9B Through Multi-Tranche Yen Notes
• Positive Sentiment: Reports highlighted Alphabet’s growing role in AI infrastructure, cloud computing, and even smart glasses, which supports the long-term thesis that the company is expanding beyond search. Alphabet's new AI ad formats seen boosting conversions and spending
• Neutral Sentiment: Several articles discussed Google’s push into AI agents and AI-generated ads, but some commentary noted the strategy is still being tested with consumers and may take time to prove out at scale. Google is pitching an AI agent ecosystem to consumers who may not buy it
• Neutral Sentiment: Alphabet continues to receive strong analyst support and is trading near highs, but some market commentary suggests the stock may already reflect much of the recent AI optimism. Alphabet Trades Close to 52-Week High: Buy, Sell, or Hold the Stock?
• Negative Sentiment: Waymo paused freeway rides and suspended or reduced service in several cities after robotaxis struggled with construction zones and flooded roads, raising execution and safety concerns within Alphabet’s autonomous driving unit. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
• Negative Sentiment: Separate reports that Waymo expanded pauses to more cities over flooding issues added to concerns that the robotaxi rollout may face longer delays and higher remediation costs. Waymo expands pause to four cities as robotaxis keep driving into floods

Insider Buying and Selling

In related news, CAO Amie Thuener O'toole sold 955 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 9,918 shares in the company, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 226,481 shares of company stock valued at $27,422,061. Company insiders own 12.99% of the company's stock.

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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