Twin Peaks Wealth Advisors LLC Purchases 2,510 Shares of Alphabet Inc. $GOOG

Twin Peaks Wealth Advisors LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 18.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,086 shares of the information services provider’s stock after buying an additional 2,510 shares during the period. Alphabet accounts for approximately 1.6% of Twin Peaks Wealth Advisors LLC’s holdings, making the stock its 19th biggest position. Twin Peaks Wealth Advisors LLC’s holdings in Alphabet were worth $5,218,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Imprint Wealth LLC bought a new stake in Alphabet in the 3rd quarter valued at $31,000. Nvest Wealth Strategies Inc. bought a new stake in Alphabet in the 4th quarter valued at $38,000. Towne Trust Company N.A boosted 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 purchasing an additional 34 shares during the period. CBIZ Investment Advisory Services LLC boosted its holdings in Alphabet by 29.0% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider’s stock valued at $63,000 after purchasing an additional 58 shares during the period. Finally, Creative Capital Management Investments LLC boosted 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 purchasing an additional 187 shares during the period. 27.26% of the stock is owned by institutional investors.

Alphabet News Roundup

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.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the sale, the director owned 18,721 shares in the company, valued at $7,132,701. The trade was a 0.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider owned 51,808 shares of the company’s stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 193,016 shares of company stock valued at $17,282,549 over the last three months. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on GOOG. The Goldman Sachs Group reissued a “buy” rating and issued a $450.00 price target on shares of Alphabet in a report on Thursday, May 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Oppenheimer upped their target price on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a research note on Wednesday, May 20th. Finally, TD Cowen upped their target price on shares of Alphabet from $450.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $376.78.

Alphabet Price Performance

Shares of Alphabet stock opened at $362.29 on Wednesday. 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 market capitalization of $4.39 trillion, a price-to-earnings 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 firm’s 50-day moving average price is $353.44 and its two-hundred day moving average price is $328.39.

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

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s payout ratio is currently 6.71%.

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.