Pinnacle Wealth Management Advisory Group LLC Increases Stake in Alphabet Inc. $GOOG

Pinnacle Wealth Management Advisory Group LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 7.6% during the fourth quarter, Holdings Channel reports. The firm owned 23,951 shares of the information services provider’s stock after purchasing an additional 1,690 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Alphabet were worth $7,516,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in GOOG. Tradewinds LLC. boosted its holdings in Alphabet by 2,134.8% in the 3rd quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider’s stock worth $10,984,000 after acquiring an additional 43,080 shares during the period. Kathmere Capital Management LLC boosted its holdings in Alphabet by 8.5% in the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider’s stock worth $9,381,000 after acquiring an additional 2,341 shares during the period. Atlantic Union Bankshares Corp grew its holdings in Alphabet by 31.3% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider’s stock valued at $86,345,000 after purchasing an additional 84,553 shares in the last quarter. Baltimore Washington Financial Advisors Inc. grew its holdings in Alphabet by 0.9% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider’s stock valued at $53,920,000 after purchasing an additional 2,009 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its holdings in Alphabet by 7.5% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider’s stock valued at $19,060,000 after purchasing an additional 4,239 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the transaction, the chief executive officer owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $371.00, for a total transaction of $37,842.00. Following the completion of the transaction, the director directly owned 18,621 shares in the company, valued at $6,908,391. This represents a 0.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 157,953 shares of company stock valued at $47,767,818 in the last ninety days. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of recent analyst reports. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a report on Monday, February 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $370.00 target price on shares of Alphabet in a research report on Tuesday, January 20th. TD Cowen lifted their target price on Alphabet from $375.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $375.00 target price on shares of Alphabet in a research report on Thursday, January 15th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $450.00 target price (up from $400.00) on shares of Alphabet in a research 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. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $362.73.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $397.17 on Friday. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $399.93. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.81 trillion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 1.71 and a beta of 1.25. The business has a 50 day simple moving average of $325.64 and a 200-day simple moving average of $316.44.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results 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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same period in the previous year, the business earned $2.81 EPS. The business’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts expect that Alphabet Inc. will post 14.28 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s dividend payout ratio is currently 6.41%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI and cloud businesses are being cited as key growth drivers, with reports emphasizing strong revenue growth, improving cloud margins, and a large backlog supporting future expansion.
• Positive Sentiment: New product and platform launches, including Googlebook laptops and broader Gemini AI integrations, are reinforcing the view that Alphabet can monetize AI across both software and hardware.
• Positive Sentiment: Analyst and investor commentary remains upbeat, with multiple bullish ratings, higher price targets, and articles arguing Alphabet still has room to run after its post-earnings surge. Article Title
• Positive Sentiment: Reports that Anthropic plans to spend heavily on Google infrastructure add to the narrative that Alphabet is becoming a central provider of AI compute capacity.

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.