TruWealth Advisors LLC Sells 47,289 Shares of Alphabet Inc. $GOOG

TruWealth Advisors LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 22.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 164,984 shares of the information services provider’s stock after selling 47,289 shares during the quarter. Alphabet makes up 2.5% of TruWealth Advisors LLC’s holdings, making the stock its 9th largest position. TruWealth Advisors LLC’s holdings in Alphabet were worth $51,772,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. TCP Asset Management LLC grew its holdings in Alphabet by 40.9% during the fourth quarter. TCP Asset Management LLC now owns 1,735 shares of the information services provider’s stock worth $544,000 after purchasing an additional 504 shares during the period. Everhart Financial Group Inc. grew its stake in Alphabet by 7.4% in the 4th quarter. Everhart Financial Group Inc. now owns 37,774 shares of the information services provider’s stock valued at $11,853,000 after buying an additional 2,612 shares during the last quarter. QP Wealth Management LLC bought a new position in Alphabet in the 4th quarter valued at about $424,000. WealthCare Investment Partners LLC lifted its position in Alphabet by 3.6% during the fourth quarter. WealthCare Investment Partners LLC now owns 1,585 shares of the information services provider’s stock worth $500,000 after acquiring an additional 55 shares during the last quarter. Finally, Clark Financial Services Group Inc. BD lifted its position in Alphabet by 143.1% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 2,003 shares of the information services provider’s stock worth $636,000 after acquiring an additional 1,179 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: DeepMind hires Bridgewater’s chief scientist Jasjeet Sekhon — a high‑profile talent win that strengthens Alphabet’s AI research and commercial credentials versus rivals. Read More.
• Positive Sentiment: Google Cloud + CVS launch “Health100” using Gemini models — expands Gemini into consumer healthcare (pharmacy, insurance, wearables) and creates a potential recurring revenue stream for cloud/AI services. Read More.
• Positive Sentiment: Product momentum: Stitch “vibe design” update is drawing real competition away from incumbents (Figma/Adobe) — suggests faster AI‑driven product monetization and market expansion for developer/designer tools. Read More.
• Positive Sentiment: Google struck agreements with five U.S. utilities to curb data‑center power use at peak demand — reduces brownout/cost risk for data‑center expansion and supports more predictable AI operations. Read More.
• Neutral Sentiment: Alphabet is pursuing Pentagon contracts (coverage and video reports) — potential contract upside but comes with employee/PR controversy given industry disputes; outcome is uncertain for near‑term revenue. Read More.
• Negative Sentiment: Supply‑chain/geopolitical risk: reports that Alphabet is increasing use of Chinese suppliers for advanced liquid cooling raise export‑control and political risks for global AI builds. Read More.
• Negative Sentiment: Insider selling: CEO Sundar Pichai and several directors have disclosed recent SEC‑filed share sales — repeated large insider sales can spook short‑term sentiment even if they are scheduled or for diversification. Read More.
• Negative Sentiment: Broader valuation/capex concern: commentary on massive hyperscaler AI capex and uncertain timing of returns is pressuring multiples across cloud/AI names, including Alphabet. Read More.

Alphabet Trading Down 2.3%

GOOG opened at $298.79 on Monday. The company has a market cap of $3.61 trillion, a P/E ratio of 27.64, a PEG ratio of 1.75 and a beta of 1.10. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $317.66 and its 200-day moving average is $294.01. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $350.15.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data 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. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. During the same quarter in the prior year, the firm earned $2.15 EPS. The firm’s revenue was up 18.0% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 112 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the transaction, the director directly owned 18,418 shares in the company, valued at approximately $5,580,469.82. This trade represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the sale, the director directly owned 4,631 shares in the company, valued at $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,110,165 shares of company stock worth $118,134,117 over the last 90 days. 12.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GOOG has been the topic of several research reports. Truist Financial set a $350.00 target price on Alphabet in a research report on Friday, December 5th. BNP Paribas Exane initiated coverage on Alphabet in a research note on Monday, November 24th. They issued an “outperform” rating for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $395.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Canaccord Genuity Group increased their price objective on Alphabet from $330.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Finally, TD Cowen reissued a “buy” rating and issued a $365.00 target price (up from $355.00) on shares of Alphabet in a research report on Thursday, February 5th. Nine analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $345.71.

Alphabet Company 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.