Alphabet Inc. $GOOG Shares Bought by Astra Wealth Partners LLC

Astra Wealth Partners LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 34.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,310 shares of the information services provider’s stock after acquiring an additional 1,375 shares during the period. Alphabet comprises 1.0% of Astra Wealth Partners LLC’s portfolio, making the stock its 27th largest holding. Astra Wealth Partners LLC’s holdings in Alphabet were worth $1,666,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after buying an additional 8,128,234 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Alphabet by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock valued at $24,240,469,000 after buying an additional 7,904,434 shares during the last quarter. Danske Bank A S acquired a new position in Alphabet during the third quarter worth approximately $678,198,000. PFA Pension Forsikringsaktieselskab acquired a new position in Alphabet during the fourth quarter worth approximately $869,781,000. Finally, Holocene Advisors LP acquired a new position in Alphabet during the second quarter worth approximately $455,745,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GOOG shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $400.00 price target on shares of Alphabet in a research report on Thursday, February 5th. UBS Group reaffirmed a “neutral” rating and set a $348.00 price target (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Freedom Capital lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $470.00 price target (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $362.73.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI and cloud businesses are being cited as key growth drivers, with reports emphasizing strong revenue growth, improving cloud margins, and a large backlog supporting future expansion.
• Positive Sentiment: New product and platform launches, including Googlebook laptops and broader Gemini AI integrations, are reinforcing the view that Alphabet can monetize AI across both software and hardware.
• Positive Sentiment: Analyst and investor commentary remains upbeat, with multiple bullish ratings, higher price targets, and articles arguing Alphabet still has room to run after its post-earnings surge. Article Title
• Positive Sentiment: Reports that Anthropic plans to spend heavily on Google infrastructure add to the narrative that Alphabet is becoming a central provider of AI compute capacity.

Alphabet Price Performance

Shares of GOOG stock opened at $397.17 on Friday. The company has a market capitalization of $4.81 trillion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.71 and a beta of 1.25. The firm has a fifty day simple moving average of $325.64 and a 200-day simple moving average of $316.44. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $399.93.

Alphabet (NASDAQ:GOOG) last announced its earnings results 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 business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.81 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 14.28 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet’s payout ratio is currently 6.41%.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the sale, the chief executive officer directly owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 617 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 157,953 shares of company stock valued at $47,767,818 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

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.