Worthington Financial Partners LLC Invests $1.60 Million in Alphabet Inc. $GOOGL

Worthington Financial Partners LLC purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,108 shares of the information services provider’s stock, valued at approximately $1,599,000. Alphabet comprises approximately 1.4% of Worthington Financial Partners LLC’s portfolio, making the stock its 18th largest holding.

A number of other large investors also recently bought and sold shares of the business. Bayban bought a new position in shares of Alphabet in the fourth quarter worth about $100,000. Taylor Securities Services Inc. bought a new stake in Alphabet during the 4th quarter valued at about $1,234,000. AG Campbell Advisory LLC bought a new stake in Alphabet during the 4th quarter valued at about $3,596,000. Pure Financial Advisors LLC boosted its position in Alphabet by 0.5% in the 4th quarter. Pure Financial Advisors LLC now owns 59,897 shares of the information services provider’s stock valued at $18,748,000 after buying an additional 278 shares during the period. Finally, Valpey Financial Services LLC boosted its position in Alphabet by 5.2% in the 4th quarter. Valpey Financial Services LLC now owns 1,017 shares of the information services provider’s stock valued at $318,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet News Summary

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on GOOGL shares. Daiwa Securities Group raised their target price on shares of Alphabet from $380.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Bank of America boosted their price target on Alphabet from $370.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Piper Sandler reissued an “overweight” rating and issued a $445.00 price objective (up from $425.00) on shares of Alphabet in a research note on Monday, June 1st. Citizens Jmp restated a “market outperform” rating and set a $515.00 price objective on shares of Alphabet in a report on Wednesday, May 20th. Finally, Freedom Capital lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $413.13.

Alphabet Price Performance

NASDAQ GOOGL opened at $368.48 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The firm’s 50 day moving average price is $367.04 and its 200-day moving average price is $332.07. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $408.61. The company has a market cap of $4.46 trillion, a PE ratio of 28.11, a P/E/G ratio of 1.57 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Sell-side analysts forecast that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is 6.71%.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer owned 10,093 shares of the company’s stock, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 160,516 shares of company stock worth $7,344,604. Insiders own 11.61% of the company’s stock.

Alphabet Profile

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.