Revere Asset Management Inc Buys Shares of 31,977 Alphabet Inc. $GOOG

Revere Asset Management Inc bought a new stake in Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,977 shares of the information services provider’s stock, valued at approximately $10,034,000. Alphabet makes up approximately 3.5% of Revere Asset Management Inc’s holdings, making the stock its 8th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Alphabet by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after buying an additional 8,128,234 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock worth $24,240,469,000 after purchasing an additional 7,904,434 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Alphabet by 5.8% during the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider’s stock worth $9,749,864,000 after purchasing an additional 2,209,203 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Alphabet by 0.7% during the 3rd quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider’s stock worth $7,935,671,000 after purchasing an additional 223,743 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of Alphabet by 1.9% during the 3rd quarter. Capital World Investors now owns 28,625,464 shares of the information services provider’s stock worth $6,971,769,000 after purchasing an additional 539,679 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Up 3.8%

Shares of GOOG opened at $369.27 on Friday. The firm has a market cap of $4.47 trillion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. The company’s fifty day moving average is $348.54 and its two-hundred day moving average is $326.80. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. 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:GOOG) last announced its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Alphabet’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the business earned $2.81 EPS. Analysts forecast that Alphabet Inc. will post 14.28 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is 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%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $345.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Citigroup reissued a “market outperform” rating on shares of Alphabet in a research note on Monday. JPMorgan Chase & Co. raised their price objective on shares of Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. KeyCorp reissued an “overweight” rating on shares of Alphabet in a research note on Wednesday, May 20th. Finally, Pivotal Research reissued a “buy” rating and set a $470.00 price objective (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $376.00.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to show strong AI momentum, including a reported expansion of its Google Cloud partnership with Lovable and reports that Apple may use Google Cloud to help power a revamped Siri. Those deals reinforce demand for Alphabet’s cloud and AI infrastructure. Lovable signs multi-year deal with Google Cloud to up usage 5x, source says
• Positive Sentiment: Investor confidence appears to be supported by major backers, with Berkshire Hathaway and ARK-related buying cited alongside strong analyst interest and price targets near the low-to-mid $400s. That institutional support is helping offset some of the recent weakness. Google Stock Lures in Both Cathie Wood and Berkshire Hathaway as Giant Investors Rush for a Discount
• Neutral Sentiment: Alphabet’s AI spending plan and equity raise remain the biggest focus: the company increased its planned capital raise to about $84.75 billion to fund AI infrastructure, while also guiding capital expenditures as high as $190 billion. Investors see this as a sign of ambition and demand, but also of heavy near-term spending needs. Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
• Neutral Sentiment: Alphabet also reported strong AI usage trends, including Gemini reaching 900 million users, which supports the long-term growth narrative even as the market debates whether AI returns justify the spending surge. Alphabet’s Gemini AI App Surges to 900 Million Users
• Negative Sentiment: Sentiment was pressured by Alphabet’s massive new equity financing, which raised dilution and return-on-capex questions as the company leans harder into AI buildout. Some investors are worried the AI infrastructure race is becoming too expensive. Google Stock Drops on New Data Center Buildout amid $190B Capex Headache
• Negative Sentiment: Alphabet’s AI search business also faces new U.K. conduct requirements that let publishers opt out of AI summaries and training use, which could constrain the company’s search monetization and data access over time. UK regulator enforces new competition requirements for Google search
• Negative Sentiment: Reports of quiet layoffs in Google Cloud added to the cautious tone, suggesting Alphabet is still trimming costs even as it ramps spending elsewhere. Google is quietly laying off staff in its cloud division

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 617 shares of Alphabet stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction on Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 193,016 shares of company stock worth $17,282,549 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.