Alphabet Inc. $GOOG Stock Position Lessened by Falcon Wealth Planning

Falcon Wealth Planning decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 11.8% in the 4th quarter, HoldingsChannel reports. The firm owned 10,477 shares of the information services provider’s stock after selling 1,404 shares during the quarter. Falcon Wealth Planning’s holdings in Alphabet were worth $3,288,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock worth $132,114,125,000 after purchasing an additional 8,128,234 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Alphabet by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after purchasing an additional 7,904,434 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Alphabet by 5.8% in the third quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider’s stock worth $9,749,864,000 after purchasing an additional 2,209,203 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Alphabet by 0.7% in the third quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider’s stock worth $7,935,671,000 after purchasing an additional 223,743 shares in the last quarter. Finally, Capital World Investors grew its stake in shares of Alphabet by 1.9% in the third quarter. Capital World Investors now owns 28,625,464 shares of the information services provider’s stock worth $6,971,769,000 after purchasing an additional 539,679 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frances Arnold sold 102 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total value of $37,842.00. Following the sale, the director directly owned 18,621 shares of the company’s stock, valued at approximately $6,908,391. This represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 157,953 shares of company stock valued at $47,767,818 over the last 90 days. 12.99% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on GOOG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research note on Monday, April 20th. Scotiabank reissued an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Freedom Capital cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a research note on Tuesday, January 20th. Finally, Phillip Securities cut Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 15th. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $362.73.

Alphabet Trading Down 0.5%

Shares of GOOG stock opened at $397.17 on Friday. The stock has a 50-day simple moving average of $325.64 and a 200 day simple moving average of $316.44. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $399.93. The stock has a market capitalization of $4.81 trillion, a P/E ratio of 30.30, a P/E/G ratio of 1.71 and a beta of 1.25. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. During the same quarter last year, the business posted $2.81 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts expect that Alphabet Inc. will post 14.28 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. 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. Alphabet’s dividend payout ratio (DPR) is currently 6.41%.

Key Alphabet News

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.

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.