Alphabet Inc. $GOOGL Shares Bought by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 75,151 shares of the information services provider’s stock after acquiring an additional 8,736 shares during the quarter. Alphabet makes up 0.6% of Robertson Stephens Wealth Management LLC’s portfolio, making the stock its 29th biggest position. Robertson Stephens Wealth Management LLC’s holdings in Alphabet were worth $23,523,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Verus Financial Partners Inc. lifted its stake in shares of Alphabet by 3.0% in the fourth quarter. Verus Financial Partners Inc. now owns 2,719 shares of the information services provider’s stock worth $906,000 after acquiring an additional 78 shares in the last quarter. Madrid Wealth Management LLC acquired a new position in shares of Alphabet in the fourth quarter worth about $394,000. Danske Bank A S lifted its stake in shares of Alphabet by 3.1% in the fourth quarter. Danske Bank A S now owns 4,814,157 shares of the information services provider’s stock worth $1,506,831,000 after acquiring an additional 146,601 shares in the last quarter. Mutual Advisors LLC lifted its stake in shares of Alphabet by 1.4% in the fourth quarter. Mutual Advisors LLC now owns 138,362 shares of the information services provider’s stock worth $43,307,000 after acquiring an additional 1,863 shares in the last quarter. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Alphabet in the fourth quarter worth about $109,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GOOGL shares. Loop Capital boosted their price target on Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Wells Fargo & Company cut their price target on Alphabet from $397.00 to $361.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Citigroup reiterated an “outperform” rating on shares of Alphabet in a research note on Monday, May 4th. Guggenheim reiterated a “buy” rating and issued a $450.00 price target (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $411.23.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI infrastructure joint venture to build TPU-powered cloud capacity, which could deepen demand for Google’s custom chips and expand its AI ecosystem. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Google I/O showcased a broad AI push across Search, Gemini, Workspace, shopping, and video tools, reinforcing the idea that Alphabet is monetizing AI rather than just defending against rivals. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Analyst sentiment remains constructive, with Arete Research lifting its price target to $425 and maintaining a buy rating, signaling continued upside expectations. Arete Research adjusts price target on Alphabet to $425 from $405
• Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, suggesting its AI products are already reaching scale. Google kicks off I/O conference with AI upgrades for coders, consumers
• Neutral Sentiment: Alphabet disclosed insider sales by a major shareholder, but the transactions appear routine and are not, by themselves, a strong fundamental signal. SEC filing
• Negative Sentiment: Some investors are uneasy that Google’s AI-heavy search redesign could disrupt the company’s core ad model, especially as the “ten blue links” era fades. Google Search as you know it is over
• Negative Sentiment: There is also headline risk from broader scrutiny around platform responsibility and YouTube youth-safety issues, which may keep some investors cautious. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the transaction, the director directly owned 3,581 shares of the company’s stock, valued at approximately $1,187,638.65. This represents a 22.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 8,993 shares of the company’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 transaction, the insider directly owned 51,808 shares of the company’s stock, valued at $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 226,481 shares of company stock valued at $27,422,061. 11.61% of the stock is owned by insiders.

Alphabet Trading Down 2.3%

Shares of NASDAQ GOOGL opened at $387.66 on Wednesday. The stock’s 50 day moving average price is $333.00 and its two-hundred day moving average price is $319.32. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $408.61. The stock has a market capitalization of $4.70 trillion, a P/E ratio of 29.57, a PEG ratio of 1.70 and a beta of 1.26. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. On average, analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost 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%.

Alphabet Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.