Stronghold Wealth Management L.L.C. Invests $761,000 in Alphabet Inc. $GOOG

Stronghold Wealth Management L.L.C. acquired a new position in Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,424 shares of the information services provider’s stock, valued at approximately $761,000. Alphabet makes up about 1.1% of Stronghold Wealth Management L.L.C.’s holdings, making the stock its 20th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOG. Imprint Wealth LLC purchased a new position in shares of Alphabet in the 3rd quarter worth approximately $31,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet in the 4th quarter worth approximately $38,000. Towne Trust Company N.A grew its position in shares of Alphabet by 34.0% in the 4th 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 last quarter. Winnow Wealth LLC purchased a new position in shares of Alphabet in the 3rd quarter worth approximately $63,000. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of Alphabet by 29.0% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider’s stock worth $63,000 after buying an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GOOG shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $345.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 target price on shares of Alphabet in a research note on Thursday, May 21st. Wells Fargo & Company upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Freedom Capital cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Truist Financial set a $385.00 target price on shares of Alphabet in a research note on Wednesday, April 22nd. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $372.65.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Investors are encouraged by Alphabet’s push to monetize AI in Search, including Gemini-powered ad formats and conversational ads that could expand search advertising revenue. Google Wants Ads to Talk Back in AI Search
• Positive Sentiment: Alphabet is also seeing bullish attention around its AI stack and cloud business, with coverage highlighting TPUs, AI compute services, and product momentum that could support long-term growth. Alphabet Ties AI Hardware Cloud And Ads As EU Scrutiny Rises
• Positive Sentiment: Recent analyst and market commentary remains constructive, with multiple reports pointing to strong prior earnings, elevated price targets, and continued investor interest in GOOG. GOOGL’s Innovative Ad Format to Boost Search Growth: What’s Ahead?
• Neutral Sentiment: News that a Google engineer was charged with insider trading on Polymarket is negative for headlines, but it appears to be an individual legal issue rather than a companywide operational problem. Google Employee Charged With Insider Trading on Polymarket
• Neutral Sentiment: Competitor and user-behavior articles suggest some users are testing alternatives like DuckDuckGo after Google’s AI Search overhaul, highlighting possible search-share pressure, though the long-term impact is still unclear. Some users may be giving Google’s AI search the bird, and DuckDuckGo is benefiting
• Negative Sentiment: Alphabet faces mounting regulatory risk, including reports that the EU may issue a record fine over alleged search monopoly practices, which could weigh on sentiment. Market Chatter: Alphabet’s Google Nears Record European Union Fine Over Alleged Search Monopoly
• Negative Sentiment: Several stories also say Google’s AI search redesign is pushing some users and marketers to rethink reliance on Google, which raises concern that AI changes could disrupt the traditional search ad model. OpenAI is building a new kind of ad machine. Early data suggests Google should worry.

Alphabet Stock Down 0.0%

GOOG stock opened at $384.83 on Thursday. The firm has a 50 day moving average of $340.34 and a 200 day moving average of $323.19. The stock has a market capitalization of $4.66 trillion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. 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 Inc. has a 52 week low of $163.33 and a 52 week high of $404.47.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion during 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%. Alphabet’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the business earned $2.81 EPS. Sell-side analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.41%.

Insider Buying and Selling at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the sale, the director owned 2,531 shares of the company’s stock, valued at approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 226,481 shares of company stock worth $27,422,061. Corporate insiders own 12.99% of the company’s stock.

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.