Sherman Wealth Management LLC Invests $658,000 in Alphabet Inc. $GOOG

Sherman Wealth Management LLC bought a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, HoldingsChannel.com reports. The firm bought 2,098 shares of the information services provider’s stock, valued at approximately $658,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Avaii Wealth Management LLC raised its position in shares of Alphabet by 2.3% in the fourth quarter. Avaii Wealth Management LLC now owns 1,437 shares of the information services provider’s stock worth $451,000 after acquiring an additional 32 shares during the period. Accelerate Investment Advisors LLC grew its position in shares of Alphabet by 1.1% during the 4th quarter. Accelerate Investment Advisors LLC now owns 3,166 shares of the information services provider’s stock valued at $993,000 after acquiring an additional 34 shares during the period. Morse Asset Management Inc increased its stake in shares of Alphabet by 3.3% in the 3rd quarter. Morse Asset Management Inc now owns 1,093 shares of the information services provider’s stock valued at $266,000 after purchasing an additional 35 shares in the last quarter. Robinson Smith Wealth Advisors LLC increased its stake in shares of Alphabet by 1.8% in the 3rd quarter. Robinson Smith Wealth Advisors LLC now owns 2,070 shares of the information services provider’s stock valued at $504,000 after purchasing an additional 36 shares in the last quarter. Finally, Searle & CO. raised its holdings in Alphabet by 0.6% in the 3rd quarter. Searle & CO. now owns 5,703 shares of the information services provider’s stock worth $1,389,000 after purchasing an additional 36 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Alphabet from $385.00 to $395.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Piper Sandler reaffirmed an “overweight” rating and set a $395.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Wedbush reiterated an “outperform” rating and set a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the company a “buy” rating in a research note on Friday, March 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $360.00 price target on shares of Alphabet in a report on Thursday, February 5th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $345.71.

Insider Activity

In related news, insider John Kent Walker sold 47,574 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares in the company, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $303.41, for a total value of $318,580.50. Following the completion of the transaction, the director owned 4,631 shares of the company’s stock, valued at $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 2,092,336 shares of company stock worth $112,519,943. 12.99% of the stock is owned by company insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: New AI features and model upgrades (Live Translate expansion, Gemini/Lyria updates) broaden Alphabet’s consumer and developer moat and support ad/cloud monetization and ecosystem engagement. Alphabet Stock (GOOGL) Opinions on AI Product Launches
• Positive Sentiment: Alphabet’s new compression/efficiency tech (TurboQuant) and related research (and coverage noting cost advantages and custom chips) could materially lower AI infrastructure costs for Google and boost margins long-term. This underpins many analyst bullish calls and elevated price targets. Alphabet Just Introduced Its Newest AI Advantage, and It’s Another Reason to Buy the Stock
• Positive Sentiment: Wall Street and independent forecasters remain constructive: multiple buy/outperform ratings and high median price targets (many in the $350–$400+ range) support longer-term upside expectations. Finance experts predict Google stock price for end of 2026
• Neutral Sentiment: Insider transaction data show heavy sales activity over recent months; most appear routine/planned but can add noise to market sentiment. Context: CEO and other insiders have repeatedly sold shares, which some investors interpret as portfolio moves rather than negative signals. Alphabet Stock (GOOGL) Opinions on AI Product Launches
• Neutral Sentiment: Talent moves — Apple hiring a former Google shopping executive to lead its AI marketing — are noteworthy but not material to Alphabet’s core AI and cloud economics today. Apple Recruits Google Shopping Exec to Lead AI Marketing
• Negative Sentiment: A Los Angeles jury found Google (YouTube) liable in a social-media addiction case, imposing a small direct award but raising fears of broader regulation and follow‑on litigation that could increase compliance costs or platform constraints. Investors are treating this as an incremental risk factor. Meta (META) and Google (GOOGL) Held Liable in Landmark Social Media Addiction Lawsuit
• Negative Sentiment: Market volatility following TurboQuant announcements sparked a sell-off in memory and related stocks and contributed to sector rotation that pressured Alphabet shares despite the company-first benefits — short-term headline-driven selling amplified losses. TurboQuant Panic: Why Market Is Wrong About Google’s Newest AI Breakthrough

Alphabet Trading Down 0.2%

Shares of GOOG opened at $273.14 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $350.15. The firm has a 50-day moving average price of $311.78 and a 200 day moving average price of $296.01. The firm has a market capitalization of $3.30 trillion, a P/E ratio of 25.27, a P/E/G ratio of 1.60 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.23. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Alphabet’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.15 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is currently 7.77%.

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.