W.G. Shaheen & Associates DBA Whitney & Co Has $48.38 Million Stock Holdings in Alphabet Inc. $GOOG

Key Points

• W.G. Shaheen & Associates DBA Whitney & Co increased its Alphabet stake by 7.7% in the fourth quarter, now holding 154,159 shares worth about $48.38 million. Alphabet is the fund’s third-largest holding and makes up 3.8% of its portfolio.
• Alphabet reported a strong recent quarter, with EPS of $5.11 versus $2.68 expected and revenue of $109.9 billion, topping estimates as sales rose 21.8% year over year. Analysts have responded positively, with multiple firms reiterating buy ratings and JPMorgan lifting its target to $460.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while insider selling and regulatory/legal issues remain notable overhangs. Recent news includes Google’s expanded AI monetization tools and ongoing antitrust and lawsuit concerns in Europe and the UK.

W.G. Shaheen & Associates DBA Whitney & Co grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,159 shares of the information services provider's stock after acquiring an additional 10,971 shares during the period. Alphabet accounts for 3.8% of W.G. Shaheen & Associates DBA Whitney & Co's portfolio, making the stock its 3rd largest holding. W.G. Shaheen & Associates DBA Whitney & Co's holdings in Alphabet were worth $48,375,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet in the fourth quarter valued at approximately $38,000. Imprint Wealth LLC bought a new position in shares of Alphabet in the third quarter valued at approximately $31,000. Manning & Napier Advisors LLC bought a new position in shares of Alphabet in the third quarter valued at approximately $32,000. Towne Trust Company N.A raised its stake in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after acquiring an additional 34 shares during the last quarter. Finally, Creative Capital Management Investments LLC raised its stake in shares of Alphabet by 1,438.5% in the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider's stock valued at $63,000 after acquiring an additional 187 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s recent earnings strength continues to drive optimism, with analysts raising price targets and earnings estimates after a strong Q1 beat that showed faster growth in Search, Cloud, and YouTube. Investors are also reacting to broad bullish coverage and high-profile holders adding to GOOG exposure.
• Positive Sentiment: Google is expanding its AI monetization tools, unveiling AI-powered Search and Shopping bidding/budgeting features that could make ad spending more efficient and support ad revenue growth. Article: Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Alphabet is also leaning into AI and consumer hardware, with new Fitbit Air and AI health-coach launches, plus continued work on smart glasses and broader agentic AI products. These developments reinforce the view that Google is becoming a major AI platform across ads, devices, and subscriptions.
• Neutral Sentiment: Several reports point to continued institutional interest and analyst support, including fund additions and upgraded target prices, but these are largely reinforcement signals rather than immediate catalysts.
• Negative Sentiment: Regulatory overhang remains a concern after Google was given more time to address EU antitrust issues, and a new UK lawsuit over online display ads adds another legal challenge. Article: Google has bit more time to address concerns in EU investigation, EU Commission says
• Negative Sentiment: Google also settled a racial discrimination lawsuit for $50 million, which removes some uncertainty but highlights ongoing reputational and legal risks tied to employment practices. Article: Google settles racial discrimination lawsuit for $50 million

Alphabet Stock Performance

Shares of Alphabet stock opened at $397.05 on Friday. The firm has a 50 day simple moving average of $317.19 and a 200 day simple moving average of $311.59. 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 Inc. has a fifty-two week low of $153.83 and a fifty-two week high of $398.37. The firm has a market cap of $4.80 trillion, a P/E ratio of 30.29, a P/E/G ratio of 1.66 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping 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 firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. During the same quarter in the previous year, the business earned $2.81 EPS. The business's quarterly revenue was up 21.8% compared to the same quarter last year. Sell-side analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm 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 dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Insider Activity

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of Alphabet stock in a transaction 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 completion of the sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the sale, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. This represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 158,553 shares of company stock worth $47,951,856. Corporate insiders own 12.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GOOG shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $370.00 target price on shares of Alphabet in a research note on Tuesday, January 20th. BMO Capital Markets reissued an "outperform" rating and issued a $400.00 price target on shares of Alphabet in a report on Thursday, February 5th. Sanford C. Bernstein reissued a "market perform" rating and issued a $345.00 price target on shares of Alphabet in a report on Thursday, February 5th. KeyCorp set a $370.00 price target on shares of Alphabet in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Alphabet from $395.00 to $460.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Alphabet has a consensus rating of "Buy" and an average price target of $362.73.

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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