Alphabet Inc. $GOOG Shares Bought by Procyon Advisors LLC

Procyon Advisors LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 27.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,938 shares of the information services provider’s stock after buying an additional 5,442 shares during the quarter. Procyon Advisors LLC’s holdings in Alphabet were worth $7,826,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Imprint Wealth LLC bought a new position in Alphabet during the 3rd quarter valued at $31,000. Manning & Napier Advisors LLC bought a new stake in shares of Alphabet in the 3rd quarter worth about $32,000. Tripletail Wealth Management LLC acquired a new stake in shares of Alphabet in the 3rd quarter valued at about $40,000. Retirement Wealth Solutions LLC raised its stake in shares of Alphabet by 145.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 116 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its position in shares of Alphabet by 56.8% during the third quarter. Bay Harbor Wealth Management LLC now owns 218 shares of the information services provider’s stock worth $53,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Wing plans to begin consumer drone deliveries in the San Francisco Bay Area in the coming months — a commercial expansion into a major metro that signals progress toward scalable, revenue‑generating drone logistics. Alphabet’s Wing to start drone delivery in San Francisco Bay Area
• Positive Sentiment: Alphabet is testing drones in dense urban settings, showing technological and regulatory advances that could accelerate commercialization of aerial services and new monetization channels beyond search and cloud. Alphabet’s Drone Push Enters Dense Urban Test
• Positive Sentiment: Investor commentary and social chatter highlight Alphabet’s recent earnings beat, accelerating AI monetization and a large Google Cloud backlog — factors underpinning medium/long‑term revenue and margin upside. Alphabet Stock (GOOG) Opinions on Earnings Release
• Positive Sentiment: Analyst and forecast pieces continue to push bullish return scenarios (high‑mid‑teens to ~40% 12‑month upside cited), reflecting confidence in Search growth, AI product monetization and cloud adoption. Alphabet Stock Forecast: Can GOOGL Deliver Nearly 40% Gains in 12 Months?
• Neutral Sentiment: Google’s president warned at CERAWeek that U.S. electricity supply may not be scaling fast enough for AI data‑center demand — a reminder that Alphabet’s AI growth depends on expensive infrastructure and broader energy policy. CERAWEEK US needs more energy development to power AI, Google president says
• Neutral Sentiment: Market‑wide moves in the S&P 500 are supporting Big Tech; Alphabet is one of the contributors to the index’s gains today, which is providing a tailwind but not a company‑specific catalyst. SPY is up 1.2% today, on PLTR stock price movement
• Negative Sentiment: A high‑profile jury trial over alleged addiction harm tied to Meta and Google is struggling to reach consensus — an unresolved verdict raises litigation and reputational risk that could lead to retrials or larger regulatory scrutiny. Jury in landmark Meta, Google addiction trial having difficulty coming to consensus
• Negative Sentiment: EU “gatekeeper” designation push for smart TVs and virtual assistants resurfaced, highlighting potential regulatory constraints and product‑level compliance costs across Europe. Market Chatter: Google, Amazon, Apple Face EU ‘Gatekeeper’ Designation Push Over Smart TVs, Virtual Assistants

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 47,574 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the transaction, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated 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 in the company, valued at approximately $505,573,853.40. This trade represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,110,165 shares of company stock valued at $118,134,117 over the last three months. 12.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on GOOG. Wedbush reiterated an “outperform” rating and issued a $370.00 price target on shares of Alphabet in a research note on Thursday, February 5th. UBS Group restated a “neutral” rating and set a $348.00 price objective (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. Guggenheim reiterated a “buy” rating and issued a $375.00 target price on shares of Alphabet in a research report on Monday, December 1st. Cantor Fitzgerald reiterated a “neutral” rating on shares of Alphabet in a report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research report on Wednesday, January 21st. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $345.71.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $299.02 on Tuesday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $316.99 and its two-hundred day moving average price is $294.48. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $350.15. The stock has a market capitalization of $3.62 trillion, a P/E ratio of 27.66, a P/E/G ratio of 1.75 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.59 by $0.23. The company had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The business’s revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.15 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet’s dividend payout ratio is presently 7.77%.

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.