Alphabet Inc. $GOOG Shares Purchased by Western Wealth Management LLC

Western Wealth Management LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,362 shares of the information services provider’s stock after purchasing an additional 1,911 shares during the period. Western Wealth Management LLC’s holdings in Alphabet were worth $12,666,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Nvest Wealth Strategies Inc. acquired a new stake in Alphabet in the 4th quarter valued at about $38,000. Imprint Wealth LLC acquired a new stake in Alphabet in the 3rd quarter valued at about $31,000. Towne Trust Company N.A raised its holdings in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 34 shares during the last quarter. Creative Capital Management Investments LLC raised its holdings in Alphabet by 1,438.5% in the 4th quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock valued at $63,000 after acquiring an additional 187 shares during the last quarter. Finally, Optima Capital LLC acquired a new stake in Alphabet in the 4th quarter valued at about $79,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Down 1.1%

Shares of NASDAQ GOOG opened at $379.38 on Friday. The company has a 50 day simple moving average of $335.54 and a 200-day simple moving average of $320.81. The company has a market capitalization of $4.60 trillion, a P/E ratio of 28.94, a P/E/G ratio of 1.62 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a 1 year low of $163.33 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.81 EPS. On average, equities research analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed 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. 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. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is 6.41%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wedbush reiterated an “outperform” rating and issued a $370.00 price objective on shares of Alphabet in a report on Thursday, February 5th. KeyCorp reiterated an “overweight” rating on shares of Alphabet in a report on Wednesday. Stifel Nicolaus set a $420.00 price target on shares of Alphabet in a report on Wednesday. Raymond James Financial restated a “strong-buy” rating and set a $425.00 price target on shares of Alphabet in a report on Thursday, April 30th. Finally, Freedom Capital downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $372.65.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Recent commentary says Alphabet was one of the biggest winners among the Mag 7 this earnings season, helped by accelerating Google Cloud sales and broader AI-driven strength. Alphabet and NVIDIA: The Biggest Mag 7 Winners This Earnings Season
• Positive Sentiment: Analysts highlighted Alphabet’s new AI ad formats and shopping tools as potential catalysts for stronger search monetization, higher conversion rates, and increased ad spending. Alphabet’s new AI ad formats seen boosting conversions and spending
• Positive Sentiment: Alphabet also announced a large $15 billion data center and AI infrastructure investment in Missouri, reinforcing investor confidence in its cloud and AI buildout. Google Deepens Missouri Roots with New Data Center, Energy, and Community Investments
• Neutral Sentiment: Google unveiled new AI search and agent features at I/O, which could improve engagement over time, but the rollout also raised concerns about complexity and possible disruption to the traditional search experience. You can no longer Google the word ‘disregard’
• Neutral Sentiment: Waymo temporarily paused some robotaxi and freeway services after safety issues in flooded roads and construction zones; while this is not core to Alphabet’s profits, it adds execution risk and negative headlines. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
• Negative Sentiment: Alphabet has appealed the U.S. search-monopoly ruling, keeping antitrust overhang and potential remedies in focus for investors. Google appeals US court ruling on search monopoly

Insider Activity

In related news, CAO Amie Thuener O’toole sold 955 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares of the company’s stock, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the transaction, the chief executive officer directly owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. The trade was a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 226,481 shares of company stock worth $27,422,061 in the last three months. 12.99% of the stock is currently owned by corporate insiders.

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.