Alphabet Inc. $GOOG Position Reduced by Savant Capital LLC

Savant Capital LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 25.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,956 shares of the information services provider’s stock after selling 44,667 shares during the quarter. Savant Capital LLC’s holdings in Alphabet were worth $41,722,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Imprint Wealth LLC bought a new position in Alphabet during the 3rd quarter valued at $31,000. Nvest Wealth Strategies Inc. bought a new position in Alphabet during the 4th quarter valued at $38,000. Towne Trust Company N.A boosted its stake in Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 34 shares during the last quarter. Winnow Wealth LLC bought a new position in Alphabet during the 3rd quarter valued at $63,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in Alphabet by 29.0% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider’s stock valued at $63,000 after acquiring an additional 58 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Down 1.0%

Shares of NASDAQ:GOOG opened at $365.76 on Friday. The stock has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.57 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’s fifty day moving average is $350.06 and its two-hundred day moving average is $327.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. During the same quarter last year, the company earned $2.81 EPS. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. Equities analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current 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 issued a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend 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 is 6.41%.

Insiders Place Their Bets

In related news, CAO Amie Thuener O’toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the sale, the chief accounting officer owned 10,093 shares of the company’s stock, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the sale, the director directly owned 2,531 shares in the company, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 193,016 shares of company stock worth $17,282,549. 12.99% of the stock is owned by company insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet signed a major cloud-computing agreement with SpaceX, with reports putting the deal at about $920 million per month for 32 months, which could provide a meaningful revenue stream and reinforce demand for Google Cloud. Article Title
• Positive Sentiment: Alphabet’s municipal-bond debut drew strong investor demand, suggesting institutions still view the company as a high-quality borrower with flexible financing options. Article Title
• Positive Sentiment: Some investors and analysts said the equity raise is a strategic move to accelerate AI infrastructure and may help Alphabet defend and expand its long-term leadership in search, cloud, and AI. Article Title
• Neutral Sentiment: Alphabet also appeared in commentary about AI-related partnerships, including potential indirect benefits from the SpaceX IPO and other cloud collaborations, but these are mostly longer-term strategic themes rather than immediate catalysts. Article Title
• Negative Sentiment: Wall Street coverage focused heavily on Alphabet’s expanding capital expenditures, with some commentators warning that the AI buildout may be getting too expensive and could pressure free cash flow. Article Title

Analysts Set New Price Targets

GOOG has been the topic of a number of research reports. Pivotal Research reissued a “buy” rating and set a $470.00 target price (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a report on Monday, February 16th. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 target price on shares of Alphabet in a report on Thursday, May 21st. Wells Fargo & Company reissued an “overweight” rating and set a $435.00 target price on shares of Alphabet in a report on Tuesday. Finally, Freedom Capital cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Buy” and a consensus target price of $376.00.

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.