ProVise Management Group LLC Sells 2,701 Shares of Alphabet Inc. $GOOG

ProVise Management Group LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 175,584 shares of the information services provider’s stock after selling 2,701 shares during the quarter. Alphabet comprises 3.9% of ProVise Management Group LLC’s investment portfolio, making the stock its 2nd largest position. ProVise Management Group LLC’s holdings in Alphabet were worth $55,098,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Alphabet by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after buying an additional 7,904,434 shares during the last quarter. Danske Bank A S acquired a new position in Alphabet during the third quarter worth $678,198,000. Holocene Advisors LP acquired a new position in Alphabet during the second quarter worth $455,745,000. Alliancebernstein L.P. raised its holdings in Alphabet by 5.8% during the third quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider’s stock worth $9,749,864,000 after buying an additional 2,209,203 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Alphabet by 208.0% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,130,681 shares of the information services provider’s stock worth $273,026,000 after buying an additional 2,177,855 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the topic of several research reports. KeyCorp set a $370.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Pivotal Research restated a “buy” rating and set a $470.00 price objective (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Sanford C. Bernstein restated a “market perform” rating and set a $345.00 price objective on shares of Alphabet in a report on Thursday, February 5th. TD Cowen upped their price objective on shares of Alphabet from $375.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $370.00 price objective on shares of Alphabet in a report on Tuesday, January 20th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average target price of $362.73.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. This represents a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 955 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares of the company’s stock, valued at approximately $2,955,564. The trade was a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 191,053 shares of company stock worth $58,845,206 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Price Performance

GOOG opened at $379.64 on Tuesday. The firm has a market cap of $4.59 trillion, a P/E ratio of 28.96, a PEG ratio of 1.81 and a beta of 1.25. The firm has a 50-day moving average of $312.44 and a 200 day moving average of $308.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a fifty-two week low of $149.49 and a fifty-two week high of $384.18.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share 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 revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.81 earnings per share. On average, research analysts expect that Alphabet Inc. will post 12.78 EPS for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. 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 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 6.41%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 beat and Cloud strength — Alphabet reported far?above?consensus EPS and revenue and disclosed a Google Cloud backlog near ~$468B, driving optimistic analyst revisions and momentum after the quarter. Read More.
• Positive Sentiment: Analyst upgrades & higher price targets — Several firms raised targets and reiterated buy/outperform views (examples include JPMorgan, 24/7 Wall St. models projecting material upside, and a Citizens upgrade). These lifts support medium?term upside expectations. Read More.
• Positive Sentiment: Large buyer activity — Mirae Asset reported a sizable addition to its GOOGL stake in recent 13F filings, signaling institutional demand. Read More.
• Neutral Sentiment: Strategic/geo-political relevance — Coverage notes Washington is increasingly focused on Google for national AI compute capacity, which could translate to long?term government/business opportunities but also regulatory/oversight scrutiny. Read More.
• Neutral Sentiment: Waymo & mobility investments — Continued large funding and VC interest in Waymo highlight growth optionality beyond ads, but returns are long?dated. Read More.
• Neutral Sentiment: AI ecosystem lift for semis and payments — Alphabet’s $190B AI buildout and agentic?commerce themes boost broader AI infrastructure demand (beneficial for Google, but also benefits peers). Read More.
• Negative Sentiment: Institutional trimming & profit?taking — Some funds cut GOOG/GOOGL positions (State of Michigan reduced GOOGL; Manning & Napier and Yacktman trimmed stakes), consistent with profit?taking after a big run. That pressure can cap near?term gains. Read More. Read More.Read More.
• Negative Sentiment: Rising capex guidance — Alphabet warned of a significant increase in 2027 capital spending tied to AI infrastructure, which can compress near?term free cash flow and prompt some investors to take profits. Read More.
• Negative Sentiment: Insider selling — A director sale was reported (small amount), a reminder some insiders are trimming exposure; typically immaterial alone but contributes to the day’s negative tape. Read More.

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.