Foundations Investment Advisors LLC Boosts Stock Holdings in Alphabet Inc. $GOOG

Foundations Investment Advisors LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,953 shares of the information services provider’s stock after purchasing an additional 1,801 shares during the period. Foundations Investment Advisors LLC’s holdings in Alphabet were worth $7,203,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Baker Avenue Asset Management LP grew its position in Alphabet by 124.3% during the fourth quarter. Baker Avenue Asset Management LP now owns 69,393 shares of the information services provider’s stock worth $21,776,000 after buying an additional 355,009 shares during the period. Godfrey Financial Associates Inc. acquired a new position in Alphabet during the fourth quarter worth about $373,000. MidAtlantic Capital Management Inc. acquired a new position in Alphabet during the fourth quarter worth about $164,000. FPC Investment Advisory Inc. acquired a new position in Alphabet during the fourth quarter worth about $2,733,000. Finally, Murphy & Mullick Capital Management Corp grew its position in Alphabet by 3.0% during the fourth quarter. Murphy & Mullick Capital Management Corp now owns 1,441 shares of the information services provider’s stock worth $452,000 after buying an additional 42 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 8,993 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the transaction, the insider owned 51,808 shares of the company’s stock, valued at $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares of the company’s stock, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 193,016 shares of company stock valued at $17,282,549. 12.99% of the stock is currently owned by insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet signed a major cloud-computing agreement with SpaceX, with reports putting the deal at about $920 million per month for 32 months, which could provide a meaningful revenue stream and reinforce demand for Google Cloud. Article Title
• Positive Sentiment: Alphabet’s municipal-bond debut drew strong investor demand, suggesting institutions still view the company as a high-quality borrower with flexible financing options. Article Title
• Positive Sentiment: Some investors and analysts said the equity raise is a strategic move to accelerate AI infrastructure and may help Alphabet defend and expand its long-term leadership in search, cloud, and AI. Article Title
• Neutral Sentiment: Alphabet also appeared in commentary about AI-related partnerships, including potential indirect benefits from the SpaceX IPO and other cloud collaborations, but these are mostly longer-term strategic themes rather than immediate catalysts. Article Title
• Negative Sentiment: Wall Street coverage focused heavily on Alphabet’s expanding capital expenditures, with some commentators warning that the AI buildout may be getting too expensive and could pressure free cash flow. Article Title

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on GOOG shares. TD Cowen restated a “buy” rating on shares of Alphabet in a research report on Thursday, May 21st. KeyCorp restated an “overweight” rating on shares of Alphabet in a research report on Wednesday, May 20th. JPMorgan Chase & Co. upped their target price on shares of Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Citigroup restated a “market outperform” rating on shares of Alphabet in a research report on Monday, June 1st. Finally, Phillip Securities lowered shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. 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 stock. According to data from MarketBeat, Alphabet currently has an average rating of “Buy” and an average price target of $376.00.

Alphabet Stock Performance

NASDAQ:GOOG opened at $365.76 on Friday. The firm has a 50 day simple moving average of $350.06 and a 200-day simple moving average of $327.07. 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 cap of $4.43 trillion, a PE ratio of 27.90, a P/E/G ratio of 1.57 and a beta of 1.22. Alphabet Inc. has a 1-year low of $163.33 and a 1-year high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The business 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 company’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.81 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a $0.22 dividend. This is a boost 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%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is presently 6.41%.

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.