Relyea Zuckerberg Hanson LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,427 shares of the information services provider’s stock after selling 1,621 shares during the quarter. Alphabet comprises approximately 0.8% of Relyea Zuckerberg Hanson LLC’s portfolio, making the stock its 28th biggest holding. Relyea Zuckerberg Hanson LLC’s holdings in Alphabet were worth $7,868,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in GOOG. AlpenGlobal Capital LLC purchased a new stake in Alphabet during the 1st quarter worth about $3,267,000. KLCM Advisors Inc. lifted its holdings in Alphabet by 2.6% in the 1st quarter. KLCM Advisors Inc. now owns 18,116 shares of the information services provider’s stock valued at $5,197,000 after purchasing an additional 460 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in Alphabet by 13.8% in the 1st quarter. Cedar Mountain Advisors LLC now owns 421 shares of the information services provider’s stock valued at $121,000 after purchasing an additional 51 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of Alphabet by 127.8% during the 1st quarter. Manning & Napier Advisors LLC now owns 868 shares of the information services provider’s stock worth $249,000 after purchasing an additional 487 shares during the last quarter. Finally, Stiles Financial Services Inc boosted its stake in shares of Alphabet by 3.6% during the 1st quarter. Stiles Financial Services Inc now owns 21,502 shares of the information services provider’s stock worth $6,168,000 after purchasing an additional 739 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Zacks upgraded Alphabet (GOOG) to a Strong Buy, citing improving earnings expectations and bullish near-term sentiment. Alphabet (GOOG) Upgraded to Strong Buy: Here’s What You Should Know
- Positive Sentiment: Analysts remain constructive on Alphabet’s AI and cloud outlook, with earnings preview articles pointing to Google Cloud and ad strength as potential drivers of another beat when results are reported on July 22. Google Stock Earnings Preview: Can Google Cloud Power Alphabet’s Next Earnings Beat?
- Positive Sentiment: Several reports framed Alphabet as a preferred AI and digital advertising name, noting resilient search traffic, strong ad monetization, and growing investor interest in its TPU and cloud strategy. Bet on 4 Cloud Computing Stocks to Hedge Against Volatile Markets
- Neutral Sentiment: Media coverage also pointed out that Alphabet is a trending stock and has recently outperformed the broader market, reflecting strong investor attention rather than a specific new catalyst. Alphabet Inc. (GOOG) Exceeds Market Returns: Some Facts to Consider
- Neutral Sentiment: Alphabet also drew favorable commentary from Jim Cramer and other market voices, who described Google’s long-term contract and AI position as compelling, but these were mostly opinion-based rather than new business updates. Jim Cramer Reveals Alphabet Inc. (GOOGL)’s “Best Contract in the World”
- Negative Sentiment: Regulatory pressure remains a headwind, with Google facing a new AI training lawsuit from publishers and separate scrutiny in Switzerland and Germany over Android search defaults and AI Overviews. Google faces another AI training lawsuit from major publishers
- Negative Sentiment: Concerns about data-center expansion and related costs also weighed on sentiment after New York imposed a moratorium on certain data centers, potentially affecting hyperscaler growth plans. AMZN, GOOGL, META: Hyperscalers Hit as New York State Imposes Moratorium on Data Centers
Analysts Set New Price Targets
Alphabet Trading Up 1.9%
NASDAQ GOOG opened at $357.33 on Wednesday. Alphabet Inc. has a 12 month low of $181.50 and a 12 month high of $404.47. The company has a 50-day moving average of $368.65 and a 200-day moving average of $335.92. 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 has a market cap of $4.33 trillion, a P/E ratio of 27.26, a P/E/G ratio of 1.50 and a beta of 1.23.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. During the same period last year, the company earned $2.81 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, equities 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. Shareholders 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 was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is 6.71%.
Insider Buying and Selling
In related news, Director Frances Arnold sold 112 shares of the stock in a transaction 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 transaction, the director directly owned 18,833 shares of the company’s stock, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. The trade was a 41.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,415 shares of company stock worth $7,672,279 over the last 90 days. Company insiders own 12.99% of the company’s stock.
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.
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