Alphabet Inc. $GOOG is Heritage Investors Management Corp’s 5th Largest Position

Heritage Investors Management Corp lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 372,497 shares of the information services provider’s stock after selling 10,577 shares during the period. Alphabet makes up 3.4% of Heritage Investors Management Corp’s portfolio, making the stock its 5th biggest position. Heritage Investors Management Corp’s holdings in Alphabet were worth $116,890,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Resolute Wealth Strategies LLC lifted its holdings in shares of Alphabet by 0.5% in the fourth quarter. Resolute Wealth Strategies LLC now owns 23,216 shares of the information services provider’s stock valued at $7,285,000 after purchasing an additional 125 shares in the last quarter. BOK Financial Private Wealth Inc. boosted its position in Alphabet by 20.7% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 3,620 shares of the information services provider’s stock worth $1,136,000 after acquiring an additional 620 shares during the period. Goldenstone Wealth Management LLC acquired a new stake in Alphabet during the 4th quarter worth about $4,605,000. Global Retirement Partners LLC boosted its position in Alphabet by 36.9% during the 4th quarter. Global Retirement Partners LLC now owns 105,885 shares of the information services provider’s stock worth $33,227,000 after acquiring an additional 28,532 shares during the period. Finally, Blackston Financial Advisory Group LLC boosted its position in Alphabet by 44.3% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 1,579 shares of the information services provider’s stock worth $496,000 after acquiring an additional 485 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on GOOG. TD Cowen restated a “buy” rating on shares of Alphabet in a research report on Thursday, May 21st. Scotiabank reaffirmed an “outperform” rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research report on Monday, February 16th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday, May 20th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $372.65.

Insider Transactions at Alphabet

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 value of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the sale, the director owned 2,531 shares of the company’s stock, valued at $995,341.06. This represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 226,481 shares of company stock valued at $27,422,061. Insiders own 12.99% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered a standout Q1 result, with revenue up 63% to $20 billion, margin reaching 32.9%, and backlog rising to $462 billion. That reinforces Alphabet’s growing second engine beyond search and supports the bull case for further upside. GOOGL Rides on Surging Google Cloud Demand: More Upside Ahead?
• Positive Sentiment: Google Cloud is also getting validation from new enterprise partnerships, including EQT’s rollout to help more than 300 portfolio companies adopt AI using Google Cloud tools. Private equity firm EQT partners with Google Cloud for AI rollout
• Positive Sentiment: Waymo news continues to suggest Alphabet’s autonomous-driving business may be undervalued, with the new Ojai robotaxi designed to lower fleet costs and expand capacity. That strengthens the long-term optionality in Alphabet’s non-advertising businesses. Waymo opens Ojai robotaxis to select riders as company aims to lower cost of fleet
• Positive Sentiment: Commentary from Jim Cramer was supportive, calling Alphabet a “crucial position” and saying “there’s a lot to like here,” which can help reinforce bullish sentiment among retail investors. Jim Cramer on Alphabet: “There’s a Lot to Like Here”
• Neutral Sentiment: Shares were also mentioned in analyst-style and market commentary framing Alphabet as a core AI and cloud beneficiary, but these pieces were largely reiterations rather than new catalysts.
• Negative Sentiment: An Indian court ruling on keyword ads could increase trademark and legal risk for Google’s search advertising business, raising concerns about a core profit driver. Indian court ruling on Google keyword ads could reshape online advertising
• Negative Sentiment: News that a Google engineer was charged in a $1.2 million Polymarket insider-trading case may create a modest reputational overhang, even though it is not a direct business or financial issue for Alphabet. US charges Google engineer with insider trading on Polymarket

Alphabet Stock Down 2.5%

GOOG opened at $376.43 on Friday. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. The business has a 50-day moving average of $343.28 and a 200-day moving average of $324.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $4.56 trillion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 1.61 and a beta of 1.25.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same period last year, the business earned $2.81 EPS. The business’s quarterly revenue was up 21.8% on a year-over-year basis. Equities research analysts forecast that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

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

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.