RMR Wealth Builders grew its stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 27.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,577 shares of the information services provider’s stock after buying an additional 6,395 shares during the period. Alphabet accounts for about 0.6% of RMR Wealth Builders’ holdings, making the stock its 27th largest position. RMR Wealth Builders’ holdings in Alphabet were worth $7,204,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. Robinson Smith Wealth Advisors LLC grew its position in Alphabet by 1.8% during the third quarter. Robinson Smith Wealth Advisors LLC now owns 2,070 shares of the information services provider’s stock worth $504,000 after buying an additional 36 shares in the last quarter. Searle & CO. lifted its position in shares of Alphabet by 0.6% in the 3rd quarter. Searle & CO. now owns 5,703 shares of the information services provider’s stock worth $1,389,000 after acquiring an additional 36 shares during the period. BankPlus Wealth Management LLC grew its holdings in shares of Alphabet by 1.2% during the 3rd quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider’s stock worth $766,000 after purchasing an additional 37 shares in the last quarter. Activest Wealth Management increased its position in shares of Alphabet by 0.5% during the third quarter. Activest Wealth Management now owns 7,997 shares of the information services provider’s stock valued at $1,948,000 after purchasing an additional 38 shares during the period. Finally, Cedar Mountain Advisors LLC raised its stake in shares of Alphabet by 11.8% in the third quarter. Cedar Mountain Advisors LLC now owns 370 shares of the information services provider’s stock valued at $90,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on GOOG. Wedbush reiterated an “outperform” rating and set a $370.00 price target on shares of Alphabet in a research note on Thursday, February 5th. DA Davidson set a $300.00 target price on shares of Alphabet in a research report on Tuesday, November 25th. Pivotal Research reissued a “buy” rating and issued a $420.00 target price (up previously from $400.00) on shares of Alphabet in a research note on Thursday, February 5th. Sanford C. Bernstein restated a “market perform” rating and set a $345.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Finally, Guggenheim reiterated a “buy” rating and issued a $375.00 price objective on shares of Alphabet in a research note on Monday, December 1st. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $343.47.
Alphabet Price Performance
Shares of Alphabet stock opened at $318.63 on Wednesday. The stock has a market capitalization of $3.84 trillion, a price-to-earnings ratio of 29.48, a P/E/G ratio of 1.92 and a beta of 1.10. The firm’s 50-day moving average price is $322.56 and its two-hundred day moving average price is $273.75. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $350.15.
Alphabet (NASDAQ:GOOG – Get Free Report) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. The company had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Alphabet’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.15 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.
Alphabet Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is currently 7.77%.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: EU regulators gave unconditional approval to Alphabet’s proposed $32B acquisition of Wiz, removing a major regulatory overhang on that deal. Google secures EU antitrust approval for $32 billion Wiz acquisition
- Positive Sentiment: Investor demand for the debt was strong — the offering was increased and reports say total take exceeded $30B — signaling appetite for high‑quality corporate debt and Alphabet’s credit. Alphabet boosts debt sale again as total raise exceeds $30 billion, sources say
- Positive Sentiment: Several institutional filings show portfolio additions to GOOG in recent 13F updates, indicating continued long‑term buyer interest from some funds. HOMESTEAD ADVISERS CORP added GOOG shares
- Neutral Sentiment: The 100‑year, 6.125% bond is a rare, strategic move: it locks long‑term funding for AI capex but introduces unique duration and inflation risks that investors must price differently than normal corporate debt. Alphabet to sell rare 100-year bond to fund AI expansion, memo
- Neutral Sentiment: Fundamental backdrop remains solid: strong Q4 results and robust Google Cloud growth support the capex plan, but heavier spending guidance raises near‑term cash‑flow questions. Alphabet Q4 takeaway: Doubling down on cloud and AI investments
- Negative Sentiment: Market reaction skewed negative as some investors interpret the massive debt raise and century bond as “sticker shock,” prompting selling and short‑term anxiety about leverage and capital allocation. Google Stock Stalls as $20B Century Bond Sale Sparks Debt Anxiety
- Negative Sentiment: Reputational and legal headlines (a TechCrunch report about data handed to ICE, trademark suit by Autodesk, ongoing trials) add regulatory/PR risk that can pressure sentiment. Google sent personal and financial information of student journalist to ICE
- Negative Sentiment: Notable insider selling and some fund reductions were reported this week, which can exacerbate downward pressure when combined with the debt headlines. Mawer Investment Management decreased GOOG holdings
Insider Activity at Alphabet
In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $337.52, for a total value of $202,512.00. Following the completion of the sale, the director owned 21,224 shares in the company, valued at approximately $7,163,524.48. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 102 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $340.00, for a total transaction of $34,680.00. Following the transaction, the director owned 18,307 shares in the company, valued at $6,224,380. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,070,464 shares of company stock valued at $106,153,077. 12.99% of the stock is currently owned by company insiders.
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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