Frederick Financial Consultants LLC Has $1.71 Million Position in Alphabet Inc. $GOOG

Frederick Financial Consultants LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 40.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,454 shares of the information services provider’s stock after acquiring an additional 1,571 shares during the period. Alphabet comprises approximately 0.9% of Frederick Financial Consultants LLC’s investment portfolio, making the stock its 24th largest holding. Frederick Financial Consultants LLC’s holdings in Alphabet were worth $1,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nvest Wealth Strategies Inc. bought a new stake in Alphabet during the fourth quarter worth about $38,000. Imprint Wealth LLC bought a new stake in Alphabet during the third quarter worth about $31,000. Towne Trust Company N.A raised its holdings in Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after acquiring an additional 34 shares in the last quarter. Creative Capital Management Investments LLC raised its holdings in Alphabet by 1,438.5% during the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock worth $63,000 after acquiring an additional 187 shares in the last quarter. Finally, Blueline Advisors LLC bought a new stake in Alphabet during the fourth quarter worth about $69,000. Institutional investors own 27.26% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Gemini usage growth and strong Google Cloud momentum suggest Alphabet’s AI strategy is gaining traction and could support future revenue growth.
• Positive Sentiment: TD Cowen raised its price target to $475 and reiterated a buy rating, signaling continued Wall Street confidence in Alphabet’s upside.
• Positive Sentiment: Analysts and investors continue to view Alphabet as a long-term compounder with durable Search cash flow plus cloud and AI expansion. Article Title
• Neutral Sentiment: Alphabet’s new capital-raising and AI infrastructure spending plans could help fund growth, but they also create uncertainty about near-term cash flow and dilution.
• Negative Sentiment: Reports that Alphabet is paying SpaceX about $920 million per month for AI compute add to concerns that the company is leaning on outside infrastructure to meet AI demand, increasing costs in the near term.
• Negative Sentiment: Recent commentary suggests investors are worried that elevated AI capex could pressure margins if the payoff from AI products takes longer than expected.

Analysts Set New Price Targets

GOOG has been the topic of several analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $435.00 target price on shares of Alphabet in a report on Tuesday, June 2nd. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a research note on Thursday, May 21st. KeyCorp restated an “overweight” rating on shares of Alphabet in a research note on Wednesday, May 20th. JPMorgan Chase & Co. upped their price objective on Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Phillip Securities lowered Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 15th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $376.78.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the sale, the director owned 2,531 shares of the company’s stock, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares in the company, valued at approximately $7,132,701. This represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 193,016 shares of company stock valued at $17,282,549 over the last ninety days. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Up 0.3%

Shares of NASDAQ:GOOG opened at $362.29 on Wednesday. The company has a market capitalization of $4.39 trillion, a P/E ratio of 27.63, a P/E/G ratio of 1.55 and a beta of 1.22. Alphabet Inc. has a 1 year low of $163.33 and a 1 year high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The business’s 50 day simple moving average is $353.44 and its 200 day simple moving average is $328.39.

Alphabet (NASDAQ:GOOG) last issued 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 for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.81 earnings per share. On average, research analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared 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 is an increase 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%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

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.