Premier Path Wealth Partners LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 7.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,611 shares of the information services provider’s stock after buying an additional 3,576 shares during the period. Alphabet accounts for approximately 1.9% of Premier Path Wealth Partners LLC’s portfolio, making the stock its 7th largest position. Premier Path Wealth Partners LLC’s holdings in Alphabet were worth $14,554,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $32,000. EMC Capital Management purchased a new stake in Alphabet in the fourth quarter worth $33,000. PMV Capital Advisers LLC purchased a new stake in Alphabet in the fourth quarter worth $38,000. IFC & Insurance Marketing Inc. bought a new position in Alphabet in the fourth quarter worth $38,000. Finally, Bard Associates Inc. purchased a new position in Alphabet during the fourth quarter valued at $52,000. 40.03% of the stock is owned by institutional investors.
Alphabet Stock Performance
Shares of GOOGL stock opened at $367.03 on Wednesday. The company has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. 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 Inc. has a one year low of $172.77 and a one year high of $408.61. The company’s 50-day moving average is $372.05 and its 200 day moving average is $335.51.
Alphabet Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s payout ratio is currently 6.71%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, June 22nd. Susquehanna reissued a “positive” rating and set a $460.00 price target (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research note on Thursday, April 30th. Morgan Stanley restated an “overweight” rating and issued a $415.00 price objective (up from $375.00) on shares of Alphabet in a report on Tuesday, June 30th. Finally, Wolfe Research lowered their target price on shares of Alphabet from $390.00 to $360.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $413.54.
Read Our Latest Stock Report on Alphabet
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet is drawing bullish sentiment from investors and analysts as a top AI name, with one report highlighting billionaire Jeffrey Talpins’ view that GOOGL is among the best AI stocks to own.
- Positive Sentiment: Google-backed Proxima Fusion raised €411 million in a major financing round, underscoring Alphabet’s continued involvement in frontier energy and AI-adjacent innovation. Reuters article
- Positive Sentiment: Coverage focused on Google Cloud suggests the segment is increasingly seen as a key growth engine for Alphabet, reinforcing the market’s confidence in its AI and cloud strategy. Trefis article
- Positive Sentiment: Alphabet continues to be highlighted in “final trades” and stock-picking segments, which can support near-term sentiment by keeping the name in focus for traders. Benzinga article
- Neutral Sentiment: Alphabet announced its Made by Google Pixel event for August 12, which keeps hardware and consumer-device expectations in view but is not a major immediate catalyst.
- Neutral Sentiment: Articles comparing Alphabet with Palantir and Taiwan Semiconductor mostly frame GOOGL as a benchmark AI and cloud leader rather than signaling a direct new catalyst.
- Negative Sentiment: TechCrunch reported that Google is expanding AI training to include more user-uploaded media by default unless users opt out, which could revive privacy concerns and regulatory scrutiny. TechCrunch article
- Negative Sentiment: BusinessInsider noted that Waymo faces growing competition in robotaxi usage from Zoox, reminding investors that Alphabet’s autonomous-driving efforts still face competitive pressure. BusinessInsider article
Insider Buying and Selling at Alphabet
In other news, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the transaction, the insider owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total value of $153,432.28. Following the sale, the chief accounting officer directly owned 27,348 shares in the company, valued at $9,345,358.56. This trade represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 160,465 shares of company stock worth $8,020,511. Insiders own 11.61% of the company’s stock.
Alphabet Company 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.
Further Reading
- Five stocks we like better than Alphabet
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
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