Alphabet Inc. $GOOG Stock Position Raised by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,215 shares of the information services provider’s stock after acquiring an additional 2,712 shares during the quarter. Alphabet makes up approximately 1.3% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 17th biggest holding. Turtle Creek Wealth Advisors LLC’s holdings in Alphabet were worth $16,700,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Imprint Wealth LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $31,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Alphabet in the 4th quarter worth approximately $38,000. Lifetime Wealth Management P.C. acquired a new position in Alphabet during the 4th quarter valued at approximately $38,000. Bard Associates Inc. acquired a new position in Alphabet during the 4th quarter valued at approximately $41,000. Finally, Towne Trust Company N.A grew its stake 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 buying an additional 34 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet-backed Anthropic is reportedly nearing a possible IPO, which could highlight the value of Alphabet’s ownership stake and strengthen investor enthusiasm around its AI investments. Anthropic Could Be a $1 Trillion IPO This Fall. These 2 Stocks Already Own a Piece.
• Positive Sentiment: Google Cloud and enterprise AI positioning received another boost as Anthropic expanded support for Google Cloud tools, reinforcing Alphabet’s role in AI infrastructure. Anthropic Strengthens Alphabet Inc. (GOOGL)’s Google Cloud Positioning in Enterprise AI Development
• Positive Sentiment: Alphabet is continuing to launch new AI models, including Gemini Omni Flash and Nano Banana 2 Lite, which could support product adoption and future revenue growth. Google Just Launched 2 New AI Models. What That Means for GOOGL Stock.
• Positive Sentiment: Alphabet was named a “final trade” on CNBC by an investor, adding to recent bullish sentiment from commentators. Netflix, Alphabet, Nike And A Consumer Defensive Stock On CNBC’s ‘Final Trades’
• Neutral Sentiment: Google invested in Proxima Fusion’s €411 million funding round, signaling interest in long-term frontier tech, but the near-term financial impact on Alphabet is limited. Google, RWE back Proxima Fusion in €411 million financing round
• Negative Sentiment: Google’s expanded AI data collection and training policies may raise privacy concerns, which could create regulatory or reputational risk for the stock. If you use Google, you’re training its AI. Here’s how to opt out.
• Negative Sentiment: Reports that some Google employees are leaving for AI rivals suggest competitive pressure in the talent market, even as Alphabet remains a top tech employer. Google’s status as the dream tech job is changing. FOMO over AI salaries is only one reason why.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the sale, the director owned 2,531 shares of the company’s stock, valued at $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 112 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the sale, the director owned 18,833 shares of the company’s stock, valued at $6,615,656.24. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 160,465 shares of company stock valued at $8,020,511. 12.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a research report on Monday, June 22nd. The Goldman Sachs Group restated a “buy” rating and set a $450.00 price target on shares of Alphabet in a research report on Thursday, May 21st. Oppenheimer increased their price objective on shares of Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, March 13th. Finally, Wells Fargo & Company set a $416.00 price objective on shares of Alphabet in a research report on Thursday, July 2nd. Four 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.com, Alphabet currently has an average rating of “Buy” and a consensus target price of $376.19.

Alphabet Stock Performance

Shares of GOOG traded up $2.81 during trading hours on Tuesday, reaching $367.71. 3,713,269 shares of the company’s stock traded hands, compared to its average volume of 21,705,018. Alphabet Inc. has a twelve month low of $173.88 and a twelve month high of $404.47. The business’s fifty day simple moving average is $368.31 and its two-hundred day simple moving average is $333.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market capitalization of $4.46 trillion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 1.52 and a beta of 1.23.

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 analysts’ consensus estimates of $2.68 by $2.43. The firm 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%. Alphabet’s revenue 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. Analysts predict that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

About Alphabet

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.