Fulcrum Wealth Advisors LLC Invests $4.59 Million in Alphabet Inc. $GOOG

Fulcrum Wealth Advisors LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 14,613 shares of the information services provider’s stock, valued at approximately $4,586,000. Alphabet comprises approximately 3.8% of Fulcrum Wealth Advisors LLC’s portfolio, making the stock its 7th biggest holding.

Several other large investors have also modified their holdings of GOOG. Imprint Wealth LLC bought a new stake in shares of Alphabet during the 3rd quarter worth $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet in the third quarter worth $32,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Alphabet in the fourth quarter worth $38,000. Towne Trust Company N.A boosted its position in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after buying an additional 34 shares during the period. Finally, Lynch Asset Management Inc. acquired a new stake in shares of Alphabet in the third quarter worth $61,000. 27.26% of the stock is owned by institutional investors.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the sale, the director owned 3,581 shares of the company’s stock, valued at $1,187,638.65. The trade was a 22.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frances Arnold sold 102 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $371.00, for a total value of $37,842.00. Following the completion of the sale, the director directly owned 18,621 shares of the company’s stock, valued at $6,908,391. This represents a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 157,953 shares of company stock valued at $47,767,818. 12.99% of the stock is currently owned by company insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s AI and cloud businesses are being cited as key growth drivers, with reports emphasizing strong revenue growth, improving cloud margins, and a large backlog supporting future expansion.
• Positive Sentiment: New product and platform launches, including Googlebook laptops and broader Gemini AI integrations, are reinforcing the view that Alphabet can monetize AI across both software and hardware.
• Positive Sentiment: Analyst and investor commentary remains upbeat, with multiple bullish ratings, higher price targets, and articles arguing Alphabet still has room to run after its post-earnings surge. Article Title
• Positive Sentiment: Reports that Anthropic plans to spend heavily on Google infrastructure add to the narrative that Alphabet is becoming a central provider of AI compute capacity.

Analysts Set New Price Targets

Several brokerages have recently commented on GOOG. Piper Sandler reaffirmed an “overweight” rating and issued a $395.00 target price on shares of Alphabet in a research report on Thursday, February 5th. TD Cowen raised their target price on Alphabet from $375.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $375.00 target price on shares of Alphabet in a research report on Thursday, January 15th. Phillip Securities cut Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. Finally, KeyCorp set a $370.00 target price on Alphabet in a research report on Thursday, February 5th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average price target of $362.73.

Alphabet Price Performance

GOOG opened at $397.17 on Friday. The stock has a market cap of $4.81 trillion, a price-to-earnings ratio of 30.30, a PEG ratio of 1.71 and a beta of 1.25. Alphabet Inc. has a 1 year low of $163.33 and a 1 year high of $399.93. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $325.64 and a 200 day moving average price of $316.44.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.81 earnings per share. Analysts forecast that Alphabet Inc. will post 14.28 EPS for the current fiscal year.

Alphabet Increases Dividend

The company 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. The ex-dividend date of this dividend is Monday, June 8th. 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 yield of 0.2%. Alphabet’s payout ratio is 6.41%.

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.