Sandy Cove Advisors LLC Buys 4,872 Shares of Alphabet Inc. $GOOG

Sandy Cove Advisors LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 62.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,704 shares of the information services provider’s stock after purchasing an additional 4,872 shares during the period. Alphabet makes up 1.2% of Sandy Cove Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Sandy Cove Advisors LLC’s holdings in Alphabet were worth $3,986,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Clearstead Trust LLC boosted its stake in Alphabet by 1.3% during the fourth quarter. Clearstead Trust LLC now owns 23,669 shares of the information services provider’s stock worth $7,427,000 after acquiring an additional 298 shares in the last quarter. Nia Impact Advisors LLC boosted its stake in Alphabet by 5.3% during the fourth quarter. Nia Impact Advisors LLC now owns 896 shares of the information services provider’s stock worth $281,000 after acquiring an additional 45 shares in the last quarter. CYBER HORNET ETFs LLC boosted its stake in Alphabet by 4.7% during the fourth quarter. CYBER HORNET ETFs LLC now owns 13,798 shares of the information services provider’s stock worth $4,330,000 after acquiring an additional 622 shares in the last quarter. Westover Capital Advisors LLC boosted its stake in Alphabet by 1.2% during the fourth quarter. Westover Capital Advisors LLC now owns 8,641 shares of the information services provider’s stock worth $2,712,000 after acquiring an additional 100 shares in the last quarter. Finally, Main Street Research LLC boosted its stake in Alphabet by 2.2% during the fourth quarter. Main Street Research LLC now owns 20,091 shares of the information services provider’s stock worth $6,305,000 after acquiring an additional 430 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 sale, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 193,016 shares of company stock valued at $17,282,549. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GOOG shares. JPMorgan Chase & Co. boosted their price objective on shares of Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Oppenheimer boosted their price objective on shares of Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. TD Cowen reissued a “buy” rating on shares of Alphabet in a research note on Thursday, May 21st. Scotiabank reissued an “outperform” rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $435.00 target price on shares of Alphabet in a report on Tuesday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $376.00.

Alphabet Stock Down 0.8%

GOOG opened at $355.68 on Thursday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $346.94 and a 200-day moving average price of $326.15. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. The stock has a market capitalization of $4.31 trillion, a price-to-earnings ratio of 27.13, a PEG ratio of 1.54 and a beta of 1.22.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (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 analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.81 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 14.28 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date is Monday, June 8th. 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 dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 6.41%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet expanded its collaboration with Google Cloud and Lovable in a multi-year deal, reinforcing demand for Google Cloud infrastructure and AI tools. Lovable Expands Collaboration With Google Cloud to Scale AI-Powered Software Creation
• Positive Sentiment: Multiple reports highlighted strong investor appetite for Alphabet’s AI expansion, including an upsized equity raise to $84.75 billion and Berkshire Hathaway’s planned $10 billion participation, which signals outside confidence in the company’s AI strategy. Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
• Positive Sentiment: Alphabet said its Gemini AI app has reached 900 million users, underscoring momentum in its consumer AI products and supporting the long-term growth story. Alphabet’s Gemini AI App Surges to 900 Million Users
• Neutral Sentiment: Analysts remain broadly constructive, with several firms reiterating buy ratings and price targets around the low-to-mid $400s, suggesting Wall Street still sees upside despite recent volatility. Google to See Variable Margins, Cloud Segment Growth Through 2028, UBS Says
• Negative Sentiment: UK regulators imposed new conduct requirements on Google Search, including letting publishers opt out of AI search features and model training, which could weaken the economics of AI Overviews and increase regulatory pressure. UK regulator enforces new competition requirements for Google search
• Negative Sentiment: Investors also appear uneasy about the scale of Alphabet’s AI spending plans, since the huge capital raise raises dilution concerns and suggests heavy infrastructure costs ahead. Alphabet plans to raise $80 billion to pay for AI buildout

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.