Relyea Zuckerberg Hanson LLC Cuts Position in Alphabet Inc. $GOOG

Relyea Zuckerberg Hanson LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 27,427 shares of the information services provider’s stock after selling 1,621 shares during the quarter. Alphabet accounts for about 0.8% of Relyea Zuckerberg Hanson LLC’s investment portfolio, making the stock its 28th largest holding. Relyea Zuckerberg Hanson LLC’s holdings in Alphabet were worth $7,868,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ring Mountain Capital LLC lifted its holdings in shares of Alphabet by 0.9% during the 4th quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider’s stock valued at $1,174,000 after acquiring an additional 30 shares in the last quarter. Cannon Financial Strategists Inc. increased its holdings in Alphabet by 1.9% in the 4th quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider’s stock valued at $499,000 after purchasing an additional 30 shares in the last quarter. Financial Enhancement Group LLC increased its holdings in Alphabet by 2.3% in the 1st quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider’s stock valued at $380,000 after purchasing an additional 30 shares in the last quarter. HRC Wealth Management LLC raised its position in Alphabet by 1.0% in the fourth quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider’s stock valued at $1,014,000 after purchasing an additional 31 shares during the period. Finally, Certior Financial Group LLC raised its position in Alphabet by 3.5% in the fourth quarter. Certior Financial Group LLC now owns 919 shares of the information services provider’s stock valued at $288,000 after purchasing an additional 31 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GOOG shares. Pivotal Research restated a “buy” rating and set a $470.00 price objective (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. Truist Financial set a $430.00 target price on Alphabet in a report on Monday, June 1st. Scotiabank reissued an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Phillip Securities cut Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. upped their price target on Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $378.53.

Alphabet Stock Performance

NASDAQ:GOOG opened at $357.33 on Wednesday. The firm has a 50-day moving average of $368.65 and a two-hundred day moving average of $335.92. 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 stock has a market cap of $4.33 trillion, a P/E ratio of 27.26, a PEG ratio of 1.50 and a beta of 1.23. Alphabet Inc. has a 1-year low of $181.50 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) 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 business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same period in the previous year, the company earned $2.81 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, research analysts expect that Alphabet Inc. will post 14.32 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. Shareholders of record on Monday, June 8th were paid a dividend of $0.22 per share. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s payout ratio is 6.71%.

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 159,415 shares of company stock worth $7,672,279 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Zacks upgraded Alphabet (GOOG) to a Strong Buy, citing improving earnings expectations and bullish near-term sentiment. Alphabet (GOOG) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Analysts remain constructive on Alphabet’s AI and cloud outlook, with earnings preview articles pointing to Google Cloud and ad strength as potential drivers of another beat when results are reported on July 22. Google Stock Earnings Preview: Can Google Cloud Power Alphabet’s Next Earnings Beat?
• Positive Sentiment: Several reports framed Alphabet as a preferred AI and digital advertising name, noting resilient search traffic, strong ad monetization, and growing investor interest in its TPU and cloud strategy. Bet on 4 Cloud Computing Stocks to Hedge Against Volatile Markets
• Neutral Sentiment: Media coverage also pointed out that Alphabet is a trending stock and has recently outperformed the broader market, reflecting strong investor attention rather than a specific new catalyst. Alphabet Inc. (GOOG) Exceeds Market Returns: Some Facts to Consider
• Neutral Sentiment: Alphabet also drew favorable commentary from Jim Cramer and other market voices, who described Google’s long-term contract and AI position as compelling, but these were mostly opinion-based rather than new business updates. Jim Cramer Reveals Alphabet Inc. (GOOGL)’s “Best Contract in the World”
• Negative Sentiment: Regulatory pressure remains a headwind, with Google facing a new AI training lawsuit from publishers and separate scrutiny in Switzerland and Germany over Android search defaults and AI Overviews. Google faces another AI training lawsuit from major publishers
• Negative Sentiment: Concerns about data-center expansion and related costs also weighed on sentiment after New York imposed a moratorium on certain data centers, potentially affecting hyperscaler growth plans. AMZN, GOOGL, META: Hyperscalers Hit as New York State Imposes Moratorium on Data Centers

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.