Isthmus Partners LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOG – Free Report) during the fourth quarter, Holdings Channel reports. The firm acquired 1,849 shares of the information services provider’s stock, valued at approximately $580,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Left Brain Wealth Management LLC bought a new stake in shares of Alphabet in the 4th quarter worth $634,000. USAdvisors Wealth Management LLC raised its stake in shares of Alphabet by 5.4% in the 4th quarter. USAdvisors Wealth Management LLC now owns 952 shares of the information services provider’s stock worth $298,000 after buying an additional 49 shares in the last quarter. Boulder Wealth Advisors LLC raised its stake in shares of Alphabet by 25.9% in the 4th quarter. Boulder Wealth Advisors LLC now owns 1,784 shares of the information services provider’s stock worth $560,000 after buying an additional 367 shares in the last quarter. Fulcrum Asset Management LLP raised its stake in shares of Alphabet by 10.9% in the 4th quarter. Fulcrum Asset Management LLP now owns 43,867 shares of the information services provider’s stock worth $13,798,000 after buying an additional 4,307 shares in the last quarter. Finally, AM Investment Strategies LLC raised its stake in shares of Alphabet by 0.9% in the 4th quarter. AM Investment Strategies LLC now owns 91,638 shares of the information services provider’s stock worth $28,756,000 after buying an additional 810 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.
Insider Activity at Alphabet
In other news, CAO Amie Thuener O’toole sold 617 shares of Alphabet stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total value of $37,842.00. Following the transaction, the director owned 18,621 shares in the company, valued at $6,908,391. This represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 226,481 shares of company stock valued at $27,422,061 over the last ninety days. Company insiders own 12.99% of the company’s stock.
Alphabet Price Performance
Alphabet (NASDAQ:GOOG – Get Free Report) 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. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $2.81 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current year.
Alphabet Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. 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. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s payout ratio is presently 6.41%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Piper Sandler reissued an “overweight” rating and issued a $395.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Scotiabank reissued an “outperform” rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 15th. Sanford C. Bernstein reissued a “market perform” rating and issued a $345.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Alphabet in a research report on Wednesday. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $372.65.
View Our Latest Report on GOOG
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Recent commentary says Alphabet was one of the biggest winners among the Mag 7 this earnings season, helped by accelerating Google Cloud sales and broader AI-driven strength. Alphabet and NVIDIA: The Biggest Mag 7 Winners This Earnings Season
- Positive Sentiment: Analysts highlighted Alphabet’s new AI ad formats and shopping tools as potential catalysts for stronger search monetization, higher conversion rates, and increased ad spending. Alphabet’s new AI ad formats seen boosting conversions and spending
- Positive Sentiment: Alphabet also announced a large $15 billion data center and AI infrastructure investment in Missouri, reinforcing investor confidence in its cloud and AI buildout. Google Deepens Missouri Roots with New Data Center, Energy, and Community Investments
- Neutral Sentiment: Google unveiled new AI search and agent features at I/O, which could improve engagement over time, but the rollout also raised concerns about complexity and possible disruption to the traditional search experience. You can no longer Google the word ‘disregard’
- Neutral Sentiment: Waymo temporarily paused some robotaxi and freeway services after safety issues in flooded roads and construction zones; while this is not core to Alphabet’s profits, it adds execution risk and negative headlines. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
- Negative Sentiment: Alphabet has appealed the U.S. search-monopoly ruling, keeping antitrust overhang and potential remedies in focus for investors. Google appeals US court ruling on search monopoly
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.
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