2,622 Shares in Alphabet Inc. $GOOGL Purchased by Integrity Wealth Partners LLC

Integrity Wealth Partners LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) in the first quarter, Holdings Channel reports. The firm acquired 2,622 shares of the information services provider’s stock, valued at approximately $754,000.

Other hedge funds have also added to or reduced their stakes in the company. HB Wealth Management LLC increased its position in shares of Alphabet by 5.0% during the first quarter. HB Wealth Management LLC now owns 455,267 shares of the information services provider’s stock worth $130,917,000 after acquiring an additional 21,715 shares during the period. Counterpoint Mutual Funds LLC boosted its position in Alphabet by 35.8% during the first quarter. Counterpoint Mutual Funds LLC now owns 14,611 shares of the information services provider’s stock valued at $4,202,000 after purchasing an additional 3,851 shares in the last quarter. Altus Wealth Group LLC grew its position in shares of Alphabet by 0.7% in the 1st quarter. Altus Wealth Group LLC now owns 13,757 shares of the information services provider’s stock worth $3,956,000 after buying an additional 96 shares during the last quarter. Sierra Ocean LLC lifted its position in Alphabet by 4.5% during the first quarter. Sierra Ocean LLC now owns 3,909 shares of the information services provider’s stock valued at $1,124,000 after acquiring an additional 167 shares during the last quarter. Finally, IRON Financial LLC boosted its stake in Alphabet by 24.6% in the first quarter. IRON Financial LLC now owns 4,009 shares of the information services provider’s stock valued at $1,153,000 after acquiring an additional 791 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

NASDAQ:GOOGL opened at $357.18 on Monday. 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 company’s fifty day moving average price is $372.61 and its 200-day moving average price is $336.63. Alphabet Inc. has a 1-year low of $176.48 and a 1-year high of $408.61. The firm has a market capitalization of $4.33 trillion, a P/E ratio of 27.24, a PEG ratio of 1.53 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, equities research analysts anticipate that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s payout ratio is presently 6.71%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GOOGL shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 28th. Citizens Jmp reaffirmed a “market outperform” rating and set a $515.00 target price on shares of Alphabet in a research report on Wednesday, May 20th. Finally, Phillip Securities increased their price target on Alphabet from $340.00 to $395.00 and gave the company a “moderate buy” rating in a research note on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $413.92.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: KeyCorp raised its price target on Alphabet to $445 from $425 and kept an overweight rating, reinforcing the view that the stock still has meaningful upside from current levels.
• Positive Sentiment: Multiple upbeat articles highlighted Alphabet as a leading AI and cloud beneficiary, with commentary pointing to strong distribution through Search, Android, YouTube, Google Cloud, and chips as reasons it could monetize AI better than peers.
• Positive Sentiment: New coverage argued Alphabet looks undervalued after a big run over the past year, while other pieces said the company remains one of the most attractive megacap tech names on a risk/reward basis.
• Positive Sentiment: Zacks and other market commentators continued to include GOOGL among cloud and internet stocks positioned to benefit from AI-driven data center spending and digital demand growth.
• Positive Sentiment: Business and tech commentary also pointed to product and platform strengths, including Google Search setting records during the World Cup and Waymo planning more driverless-car expansion, which support the long-term growth narrative.
• Neutral Sentiment: Alphabet said it will begin disclosing which ads are generated with AI, a transparency move that may help trust and compliance but is unlikely to materially change near-term earnings.
• Neutral Sentiment: Britain moved to regulate Google as a critical cloud supplier to protect financial stability; the change adds oversight, but it also underscores the importance of Google Cloud rather than signaling a fundamental business setback.
• Neutral Sentiment: Reuters reported that Google is appealing an Indian ads-related trademark ruling, a legal issue that could create some noise but does not yet appear to be a major stock-moving event.
• Neutral Sentiment: Recent short-interest data was effectively flat at zero shares reported, offering little actionable signal for traders.
• Negative Sentiment: One Reuters-linked report said Google and OpenAI provided AI services to Singapore-based subsidiaries of Chinese groups on the Pentagon blacklist, which could raise regulatory scrutiny and geopolitical concerns.
• Negative Sentiment: Technical commentary noted Alphabet is testing a key resistance zone after a recovery, suggesting the stock may need a fresh catalyst to extend its move higher.

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the transaction, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the transaction, the director directly owned 18,833 shares of the company’s stock, valued at $6,615,656.24. The trade was a 0.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 160,465 shares of company stock valued at $8,020,511. 11.61% of the stock is owned by insiders.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.