Wealthcare Advisory Partners LLC increased its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 12.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,014 shares of the information services provider’s stock after acquiring an additional 4,848 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Alphabet were worth $14,125,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. Tradewinds LLC. lifted its holdings in Alphabet by 2,134.8% in the 3rd quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider’s stock worth $10,984,000 after buying an additional 43,080 shares during the period. Kathmere Capital Management LLC increased its stake in shares of Alphabet by 8.5% during the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider’s stock valued at $9,381,000 after buying an additional 2,341 shares during the period. Atlantic Union Bankshares Corp raised its holdings in shares of Alphabet by 31.3% during the third quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider’s stock valued at $86,345,000 after acquiring an additional 84,553 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its stake in Alphabet by 0.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider’s stock worth $53,920,000 after acquiring an additional 2,009 shares during the period. Finally, American National Bank of Texas purchased a new stake in Alphabet in the third quarter worth $900,000. Institutional investors own 27.26% of the company’s stock.
Insider Activity at Alphabet
In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction on Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 955 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the sale, the chief accounting officer directly owned 9,918 shares in the company, valued at approximately $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,092,234 shares of company stock worth $112,487,971 over the last quarter. 12.99% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Get Our Latest Analysis on Alphabet
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google rolled out Veo 3.1 Lite — a lower‑cost, high‑throughput video generation model aimed at developers and large content creators. Investors see this as product-led monetization and broader adoption of Google’s AI stack. Google Introduces Veo 3.1 Lite, a New AI Video Model
- Positive Sentiment: Alphabet released Lyria 3 Pro, extending its generative-music capabilities to longer, studio‑quality tracks — another example of product expansion in creative AI that could boost engagement and new developer/customer use cases. Alphabet Inc. (GOOGL) Releases Lyria 3 Pro for Generating Longer Music Tracks
- Positive Sentiment: Needham reiterated a Buy on GOOGL with a $400 price target, reinforcing bullish analyst sentiment and supporting investor confidence in long‑term upside tied to cloud and AI. Needham Reiterates Buy on Alphabet Inc. (GOOGL) With $400 Price Target
- Neutral Sentiment: Google researchers published a paper showing quantum computing may pose a nearer‑term risk to Bitcoin encryption than thought — high‑profile science that raises discussion but is not an immediate revenue driver for Alphabet. Google Paper Warns of Quantum Computing Risk for Bitcoin
- Neutral Sentiment: Market breadth and ETF flows are helping the move: GOOGL is a meaningful weight in major ETFs (QQQ, VTI, VOO) that are higher today, so part of the share gain is index/ETF‑driven rather than stock‑specific. QQQ is up 1.3% today, on PLTR stock price movement
- Negative Sentiment: Insider selling continues (President John Kent Walker sold 1,300 shares on 3/27 and director Frances Arnold sold 102 shares on 3/30), adding to a recent pattern of large insider disposals that can create near‑term investor concern about management/insider allocation decisions. Insider Sale: President of $GOOGL Sells 1,300 Shares Insider Sale: Director at $GOOGL Sells 102 Shares
- Negative Sentiment: Legal and search‑related headwinds remain a risk: coverage highlights adverse legal verdicts and a UK publisher (Future plc) warning that Google search changes are hitting publisher margins — items that can fuel regulatory scrutiny and uncertainty around search monetization mix. As GOOG Stock Falls on Legal Woes Should You Jump to Buy the Dip? UK publisher Future’s shares plummet as changes in Google search traffic hit margins
Alphabet Trading Up 5.0%
Shares of NASDAQ GOOG opened at $286.71 on Wednesday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a 50-day moving average of $311.08 and a 200 day moving average of $296.33. The stock has a market cap of $3.47 trillion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10.
Alphabet (NASDAQ:GOOG – Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.23. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. During the same quarter in the prior year, the company earned $2.15 earnings per share. The business’s revenue was up 18.0% compared to the same quarter last year. As a group, sell-side analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal 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 given 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 of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is 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.
Read More
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
