Alphabet Inc. $GOOG Shares Sold by Western Pacific Wealth Management LP

Western Pacific Wealth Management LP lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 31.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,798 shares of the information services provider’s stock after selling 6,000 shares during the quarter. Alphabet makes up approximately 3.9% of Western Pacific Wealth Management LP’s portfolio, making the stock its 10th largest holding. Western Pacific Wealth Management LP’s holdings in Alphabet were worth $4,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Brighton Jones LLC raised its position in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Worldquant Millennium Advisors LLC raised its position in Alphabet by 76.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock valued at $330,886,000 after acquiring an additional 806,681 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Alphabet during the second quarter valued at approximately $658,000. Financial Advisors Network Inc. raised its position in Alphabet by 7.7% during the second quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider’s stock valued at $1,409,000 after acquiring an additional 565 shares in the last quarter. Finally, Ausdal Financial Partners Inc. raised its position in Alphabet by 10.7% during the second quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock valued at $6,618,000 after acquiring an additional 3,616 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled a broad AI push at Google I/O, including new Gemini models, AI agents, smarter search tools, and new ad formats, which analysts say could lift monetization in Search and Cloud. Alphabet showcases new AI models and agent tools at Google I/O 2026
• Positive Sentiment: Bank of America and other Wall Street firms reiterated bullish ratings and raised price targets after the I/O event, reinforcing the view that Alphabet’s AI strategy can support earnings growth. Bank of America Pounds the Table on Alphabet Stock (GOOGL) after Developer Conference
• Positive Sentiment: Alphabet raised ¥576.9 billion through a multi-tranche yen note offering, giving it additional capital flexibility to fund AI infrastructure and data-center expansion. Alphabet Raises ¥576.9B Through Multi-Tranche Yen Notes
• Positive Sentiment: Reports highlighted Alphabet’s growing role in AI infrastructure, cloud computing, and even smart glasses, which supports the long-term thesis that the company is expanding beyond search. Alphabet’s new AI ad formats seen boosting conversions and spending
• Neutral Sentiment: Several articles discussed Google’s push into AI agents and AI-generated ads, but some commentary noted the strategy is still being tested with consumers and may take time to prove out at scale. Google is pitching an AI agent ecosystem to consumers who may not buy it
• Neutral Sentiment: Alphabet continues to receive strong analyst support and is trading near highs, but some market commentary suggests the stock may already reflect much of the recent AI optimism. Alphabet Trades Close to 52-Week High: Buy, Sell, or Hold the Stock?
• Negative Sentiment: Waymo paused freeway rides and suspended or reduced service in several cities after robotaxis struggled with construction zones and flooded roads, raising execution and safety concerns within Alphabet’s autonomous driving unit. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
• Negative Sentiment: Separate reports that Waymo expanded pauses to more cities over flooding issues added to concerns that the robotaxi rollout may face longer delays and higher remediation costs. Waymo expands pause to four cities as robotaxis keep driving into floods

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Wells Fargo & Company raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Freedom Capital lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $372.65.

Alphabet Trading Down 0.4%

NASDAQ:GOOG opened at $383.47 on Friday. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. The firm has a market cap of $4.65 trillion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 1.65 and a beta of 1.25. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $334.12 and its 200-day moving average is $320.40.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same quarter last year, the firm posted $2.81 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

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

Insider Buying and Selling

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the sale, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 226,481 shares of company stock valued at $27,422,061. 12.99% of the stock is owned by corporate insiders.

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.