Winthrop Partners WNY LLC Takes $5.34 Million Position in Alphabet Inc. $GOOG

Key Points

• Winthrop Partners WNY LLC opened a new position in Alphabet, buying 17,031 shares valued at about $5.34 million. The stake represents roughly 2.9% of the firm’s portfolio.
• Recent analyst sentiment on GOOG remains bullish, with multiple firms reiterating buy or overweight ratings. Alphabet’s consensus rating is Buy, and the consensus price target is $376.78.
• Alphabet’s latest quarterly results beat expectations, with EPS of $5.11 versus the $2.68 estimate and revenue of $109.9 billion. The company also raised its quarterly dividend to $0.22 per share from $0.21.

Winthrop Partners WNY LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,031 shares of the information services provider's stock, valued at approximately $5,344,000. Alphabet accounts for approximately 2.9% of Winthrop Partners WNY LLC's investment portfolio, making the stock its 12th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet during the 4th quarter valued at approximately $38,000. Lifetime Wealth Management P.C. bought a new stake in Alphabet in the fourth quarter worth $38,000. Imprint Wealth LLC purchased a new stake in Alphabet during the third quarter valued at $31,000. Bard Associates Inc. purchased a new stake in Alphabet during the fourth quarter valued at $41,000. Finally, Towne Trust Company N.A lifted its position in Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Analysts Set New Price Targets

GOOG has been the subject of a number of recent research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a report on Monday, April 20th. KeyCorp restated an "overweight" rating on shares of Alphabet in a research report on Wednesday, May 20th. Scotiabank reaffirmed an "outperform" rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. Finally, Pivotal Research reiterated a "buy" rating and set a $470.00 price objective (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $376.78.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to draw bullish attention as investors highlight accelerating Google Cloud growth, improving margins, and a very large backlog that suggests strong demand for AI and cloud services. Alphabet: Google Cloud Is Outperforming Azure And AWS; $462 Billion Backlog Requires More AI Investments
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake significantly, which is being read as a strong vote of confidence in GOOG’s long-term outlook. Berkshire Hathaway Expands Alphabet (GOOGL) Stake to 58M Shares as Ackman Exits
• Positive Sentiment: Alphabet’s major AI and data-center investments, including a reported $1.5 billion Alabama campus expansion and broader capex plans, are supporting the view that the company is buying future growth. Alphabet (GOOGL) Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $367.46 on Monday. Alphabet Inc. has a 1-year low of $163.33 and a 1-year high of $404.47. The business has a fifty day moving average price of $364.31 and a 200 day moving average price of $331.18. The stock has a market capitalization of $4.45 trillion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. 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 issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (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 for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the previous year, the firm earned $2.81 EPS. The company's quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts expect that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. Alphabet's dividend payout ratio is presently 6.71%.

Insider Activity

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of Alphabet 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 completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the business's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the transaction, the director owned 18,721 shares of the company's stock, valued at $7,132,701. This represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 160,516 shares of company stock valued at $7,344,604. 12.99% of the stock is owned by insiders.

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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