Tranquility Partners LLC Reduces Stock Position in Alphabet Inc. $GOOG

Tranquility Partners LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,949 shares of the information services provider’s stock after selling 1,644 shares during the quarter. Alphabet comprises 1.7% of Tranquility Partners LLC’s portfolio, making the stock its 12th biggest holding. Tranquility Partners LLC’s holdings in Alphabet were worth $4,691,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Stack Financial Management Inc bought a new position in shares of Alphabet in the fourth quarter worth about $415,000. Nicholas Hoffman & Company LLC. grew its holdings in shares of Alphabet by 8.0% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 25,065 shares of the information services provider’s stock worth $7,865,000 after purchasing an additional 1,847 shares during the last quarter. PKS Advisory Services LLC grew its holdings in shares of Alphabet by 0.8% in the fourth quarter. PKS Advisory Services LLC now owns 7,536 shares of the information services provider’s stock worth $2,365,000 after purchasing an additional 63 shares during the last quarter. Bay Harbor Wealth Management LLC grew its holdings in shares of Alphabet by 41.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 309 shares of the information services provider’s stock worth $97,000 after purchasing an additional 91 shares during the last quarter. Finally, Welch Financial Planning LLC bought a new position in shares of Alphabet in the fourth quarter worth about $867,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GOOG shares. Needham & Company LLC set a $400.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, March 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a $400.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Wedbush reaffirmed an “outperform” rating and set a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $370.00 target price on shares of Alphabet in a research report on Tuesday, January 20th. Finally, DZ Bank raised Alphabet to a “strong-buy” rating in a research report on Monday, February 16th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $362.73.

Alphabet Stock Down 0.5%

Shares of Alphabet stock opened at $397.17 on Friday. 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 1 year low of $163.33 and a 1 year high of $399.93. The firm’s 50-day moving average is $325.64 and its two-hundred day moving average is $316.44. The stock has a market cap of $4.81 trillion, a price-to-earnings ratio of 30.30, a PEG ratio of 1.71 and a beta of 1.25.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (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 for the quarter, compared to analysts’ expectations of $106.96 billion. During the same period in the prior year, the business earned $2.81 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, research analysts expect that Alphabet Inc. will post 14.28 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, June 8th. Alphabet’s payout ratio is 6.41%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI and cloud businesses are being cited as key growth drivers, with reports emphasizing strong revenue growth, improving cloud margins, and a large backlog supporting future expansion.
• Positive Sentiment: New product and platform launches, including Googlebook laptops and broader Gemini AI integrations, are reinforcing the view that Alphabet can monetize AI across both software and hardware.
• Positive Sentiment: Analyst and investor commentary remains upbeat, with multiple bullish ratings, higher price targets, and articles arguing Alphabet still has room to run after its post-earnings surge. Article Title
• Positive Sentiment: Reports that Anthropic plans to spend heavily on Google infrastructure add to the narrative that Alphabet is becoming a central provider of AI compute capacity.

Insider Activity

In other news, 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 value of $10,006,425.00. Following the transaction, the chief executive officer directly owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the transaction, the director owned 18,418 shares in the company, valued at $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 157,953 shares of company stock valued at $47,767,818. 12.99% of the stock is currently owned by corporate 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.