Keystone Financial Group Has $12.31 Million Stock Holdings in Alphabet Inc. $GOOG

Keystone Financial Group lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.7% in the fourth quarter, HoldingsChannel reports. The fund owned 39,227 shares of the information services provider’s stock after selling 2,351 shares during the period. Alphabet makes up 0.9% of Keystone Financial Group’s portfolio, making the stock its 23rd largest position. Keystone Financial Group’s holdings in Alphabet were worth $12,309,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nvest Wealth Strategies Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. Imprint Wealth LLC acquired a new position in Alphabet during the 3rd quarter worth approximately $31,000. Towne Trust Company N.A boosted its position in Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after acquiring an additional 34 shares during the last quarter. Creative Capital Management Investments LLC boosted its position in Alphabet by 1,438.5% during the 4th quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock worth $63,000 after acquiring an additional 187 shares during the last quarter. Finally, Optima Capital LLC acquired a new position in Alphabet during the 4th quarter worth approximately $79,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director Frances Arnold sold 102 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total value of $37,842.00. Following the sale, the director owned 18,621 shares in the company, valued at approximately $6,908,391. This represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director owned 2,531 shares in the company, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 226,369 shares of company stock worth $27,388,127 in the last quarter. Company insiders own 12.99% of the company’s stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered a standout Q1 result, with revenue up 63% to $20 billion, margin reaching 32.9%, and backlog rising to $462 billion. That reinforces Alphabet’s growing second engine beyond search and supports the bull case for further upside. GOOGL Rides on Surging Google Cloud Demand: More Upside Ahead?
• Positive Sentiment: Google Cloud is also getting validation from new enterprise partnerships, including EQT’s rollout to help more than 300 portfolio companies adopt AI using Google Cloud tools. Private equity firm EQT partners with Google Cloud for AI rollout
• Positive Sentiment: Waymo news continues to suggest Alphabet’s autonomous-driving business may be undervalued, with the new Ojai robotaxi designed to lower fleet costs and expand capacity. That strengthens the long-term optionality in Alphabet’s non-advertising businesses. Waymo opens Ojai robotaxis to select riders as company aims to lower cost of fleet
• Positive Sentiment: Commentary from Jim Cramer was supportive, calling Alphabet a “crucial position” and saying “there’s a lot to like here,” which can help reinforce bullish sentiment among retail investors. Jim Cramer on Alphabet: “There’s a Lot to Like Here”
• Neutral Sentiment: Shares were also mentioned in analyst-style and market commentary framing Alphabet as a core AI and cloud beneficiary, but these pieces were largely reiterations rather than new catalysts.
• Negative Sentiment: An Indian court ruling on keyword ads could increase trademark and legal risk for Google’s search advertising business, raising concerns about a core profit driver. Indian court ruling on Google keyword ads could reshape online advertising
• Negative Sentiment: News that a Google engineer was charged in a $1.2 million Polymarket insider-trading case may create a modest reputational overhang, even though it is not a direct business or financial issue for Alphabet. US charges Google engineer with insider trading on Polymarket

Alphabet Stock Performance

NASDAQ GOOG opened at $376.43 on Monday. The company has a market cap of $4.56 trillion, a PE ratio of 28.71, a PEG ratio of 1.61 and a beta of 1.23. 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 12 month low of $163.33 and a 12 month high of $404.47. The stock has a 50 day moving average of $343.28 and a 200-day moving average of $324.54.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 EPS 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 the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have weighed in on GOOG. 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. Piper Sandler reaffirmed an “overweight” rating and set a $395.00 price target on shares of Alphabet in a research report on Thursday, February 5th. TD Cowen reissued a “buy” rating on shares of Alphabet in a report on Thursday, May 21st. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $425.00 price objective on shares of Alphabet in a report on Thursday, April 30th. Six equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $372.65.

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.