Tulsa Wealth Advisors INC Invests $8.36 Million in Alphabet Inc. $GOOGL

Tulsa Wealth Advisors INC acquired a new position in Alphabet Inc. (NASDAQ:GOOGL) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 26,710 shares of the information services provider’s stock, valued at approximately $8,360,000. Alphabet accounts for approximately 2.8% of Tulsa Wealth Advisors INC’s portfolio, making the stock its 7th largest holding.

Several other hedge funds have also recently bought and sold shares of GOOGL. Norges Bank acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $30,534,239,000. Berkshire Hathaway Inc acquired a new position in shares of Alphabet during the third quarter worth approximately $4,338,397,000. Cardano Risk Management B.V. boosted its position in shares of Alphabet by 855.3% during the fourth quarter. Cardano Risk Management B.V. now owns 14,525,280 shares of the information services provider’s stock worth $4,546,413,000 after buying an additional 13,004,828 shares during the period. Vanguard Group Inc. grew its holdings in Alphabet by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock worth $165,567,398,000 after buying an additional 12,531,695 shares in the last quarter. Finally, Capital World Investors increased its position in Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock valued at $12,910,542,000 after acquiring an additional 11,605,785 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

NASDAQ:GOOGL opened at $368.48 on Monday. The business’s 50-day moving average price is $367.04 and its 200 day moving average price is $332.07. The firm has a market cap of $4.46 trillion, a P/E ratio of 28.11, a PEG ratio of 1.57 and a beta of 1.23. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $408.61. 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:GOOGL) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is presently 6.71%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Piper Sandler reaffirmed an “overweight” rating and set a $445.00 target price (up from $425.00) on shares of Alphabet in a research note on Monday, June 1st. Oppenheimer increased their price target on Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Morgan Stanley lifted their price objective on shares of Alphabet from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $435.00 price objective (up from $427.00) on shares of Alphabet in a report on Wednesday, May 20th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $393.00 target price on shares of Alphabet in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $413.13.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
• Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
• Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
• Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
• Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
• Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
• Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
• Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title

Insiders Place Their Bets

In related news, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares in the company, valued at approximately $7,132,701. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of Alphabet stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 160,516 shares of company stock worth $7,344,604. Company insiders own 11.61% of the company’s stock.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.