WP Advisors LLC Cuts Stock Holdings in Alphabet Inc. $GOOG

Key Points

• WP Advisors LLC trimmed its Alphabet stake by 6.3% in Q4, selling 7,362 shares and leaving it with 110,092 shares worth $34.55M; Alphabet represents about 8.6% of the firm's portfolio and is its second-largest holding.
• Insiders sold a total of 191,986 shares last quarter (≈$59.16M), including CEO Sundar Pichai's sale of 32,500 shares, and company insiders now own 12.99% of Alphabet.
• Alphabet posted a strong Q1 beat (EPS $5.11 vs. $2.68; revenue $109.9B) with Google Cloud up ~63% to ~$20B, prompting analyst upgrades, but management warned of very large AI-related capex (~$185–190B in 2026) that could pressure free cash flow.

WP Advisors LLC cut its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,092 shares of the information services provider's stock after selling 7,362 shares during the period. Alphabet comprises about 8.6% of WP Advisors LLC's investment portfolio, making the stock its 2nd largest position. WP Advisors LLC's holdings in Alphabet were worth $34,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOG. JPMorgan Chase & Co. grew its holdings in Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock worth $24,240,469,000 after acquiring an additional 7,904,434 shares in the last quarter. Danske Bank A S bought a new position in Alphabet during the 3rd quarter worth about $678,198,000. Holocene Advisors LP bought a new position in Alphabet during the 2nd quarter worth about $455,745,000. Alliancebernstein L.P. grew its holdings in Alphabet by 5.8% during the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock worth $9,749,864,000 after acquiring an additional 2,209,203 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Alphabet by 208.0% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,130,681 shares of the information services provider's stock worth $273,026,000 after acquiring an additional 2,177,855 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O'toole sold 955 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer directly owned 9,918 shares of the company's stock, valued at $2,955,564. This trade represents a 8.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $335.18, for a total transaction of $10,893,350.00. Following the completion of the transaction, the chief executive officer directly owned 2,179,372 shares of the company's stock, valued at $730,481,906.96. The trade was a 1.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 191,986 shares of company stock valued at $59,159,207. Company insiders own 12.99% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Record Q1 fundamentals — Alphabet beat estimates (EPS $5.11 vs. $2.64 consensus) and reported $109.9B revenue; Google Cloud grew ~63% to ~ $20B with a very large backlog, which underpins multi-year revenue visibility and explains the rally. Alphabet Q1 2026 Earnings Call Highlights
• Positive Sentiment: Wall Street is upgrading targets — multiple firms (JPMorgan, TD Cowen, Scotiabank, Raymond James, Piper Sandler and others) raised price targets and reiterated buys after the quarter, signaling analyst conviction that AI/cloud growth justifies higher valuation. Coverage: Recent price-target raises
• Positive Sentiment: Strategic wins and ecosystem advantages — articles argue Alphabet’s “compute” advantage (TPUs, datacenter scale, full‑stack Gemini integrations) gives it a structural edge versus rivals and supports both ad/product monetization and enterprise AI demand. Compute is destiny. Google just proved it.
• Neutral Sentiment: Government and enterprise demand — the U.S. Pentagon and other large customers have agreements with leading AI providers including Google, validating long-term cloud/AI revenue channels but timing and contract sizes vary. This supports durable demand but is not an immediate revenue kicker. Pentagon reaches agreements with leading AI companies
• Negative Sentiment: CapEx intensity and cash flow tradeoff — management signaled very large AI-related capital spending (2026 capex ~ $185–190B and “significantly higher” expected in 2027). That funds growth but will pressure free cash flow and raises execution/ROI scrutiny. Alphabet ups 2026 capex to as much as $190 billion
• Negative Sentiment: Rising cost concerns and regulatory risks — commentary highlights the growing capital and operating cost of AI (potential margin/cashflow headwinds), and regulators in Europe are probing Google’s AI/search features — both are watch‑items for investors. Google Stock Growth Collides With The Rising Cost Of AI Italy asks EU to investigate Google AI search tools

Alphabet Stock Performance

Shares of Alphabet stock opened at $383.22 on Friday. The firm has a market capitalization of $4.64 trillion, a P/E ratio of 29.23, a PEG ratio of 2.36 and a beta of 1.25. The company has a quick ratio of 2.01, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average price of $312.44 and a 200 day moving average price of $308.21. Alphabet Inc. has a 52 week low of $149.49 and a 52 week high of $383.39.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Alphabet's revenue was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $2.81 EPS. Sell-side analysts expect that Alphabet Inc. will post 12.78 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is 6.41%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GOOG shares. Truist Financial set a $385.00 target price on shares of Alphabet in a report on Wednesday, April 22nd. Phillip Securities cut shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $370.00 target price on shares of Alphabet in a report on Tuesday, January 20th. Royal Bank Of Canada reiterated an "outperform" rating and set a $375.00 target price on shares of Alphabet in a report on Thursday, January 15th. Finally, Cantor Fitzgerald reiterated a "neutral" rating on shares of Alphabet in a report on Tuesday, January 20th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $362.73.

Alphabet 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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