Whelan Financial lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 15.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,899 shares of the information services provider’s stock after buying an additional 1,740 shares during the quarter. Alphabet accounts for about 1.3% of Whelan Financial’s holdings, making the stock its 13th biggest holding. Whelan Financial’s holdings in Alphabet were worth $4,048,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Nvest Wealth Strategies Inc. acquired a new stake in shares of Alphabet during the 4th quarter valued at approximately $38,000. Imprint Wealth LLC bought a new stake in Alphabet during the third quarter valued at $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet during the third quarter worth $32,000. Towne Trust Company N.A boosted its stake in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 34 shares during the period. Finally, Creative Capital Management Investments LLC increased its holdings in shares of Alphabet by 1,438.5% during the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock valued at $63,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.
Insider Activity
In other news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the sale, the director owned 3,581 shares in the company, valued at approximately $1,187,638.65. This represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares of the company’s stock, valued at $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 158,553 shares of company stock valued at $47,951,856. Company insiders own 12.99% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on GOOG
Alphabet Trading Down 2.6%
Alphabet stock opened at $386.77 on Tuesday. Alphabet Inc. has a 52 week low of $157.58 and a 52 week high of $398.37. The firm has a market capitalization of $4.69 trillion, a PE ratio of 29.50, a PEG ratio of 1.62 and a beta of 1.25. The business’s 50-day simple moving average is $320.46 and its 200-day simple moving average is $313.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.
Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.Alphabet’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.81 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current year.
Alphabet Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, June 8th. Alphabet’s dividend payout ratio is presently 6.41%.
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet is being viewed as an AI leader, with reports highlighting growth in Google Cloud, Gemini, and the possibility of a major Anthropic-related deal that could strengthen its cloud revenue outlook.
- Positive Sentiment: Recent commentary from Wall Street and media outlets has been upbeat, with several analysts maintaining buy-equivalent ratings and some suggesting Alphabet could keep benefiting from AI and cloud spending.
- Neutral Sentiment: Alphabet expanded its euro- and Canadian dollar bond funding and is reportedly considering yen-denominated bonds to help finance heavy AI infrastructure spending, which supports growth but also signals rising capital needs.
- Neutral Sentiment: Google launched an AI-focused update to Google Finance in Europe and continues broader product expansion, reinforcing its push to embed AI across its ecosystem.
- Negative Sentiment: Cybersecurity headlines may be weighing on sentiment after Google said hackers used AI to discover and attempt to exploit a zero-day flaw, raising concerns about emerging AI-enabled attack methods.
- Negative Sentiment: Waymo, Alphabet’s autonomous driving unit, is recalling nearly 3,800 robotaxis for a self-driving software issue, which could add scrutiny to the company’s autonomous vehicle ambitions.
- Negative Sentiment: Alphabet also faces a $135 million Android data settlement, a modest legal overhang that adds to headline risk.
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
- Five stocks we like better than Alphabet
- Sell in May and Go Away—Starting With These 3 Stocks
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
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.
-tbk-logo-1200x675.png){kind=logo}
