Rothschild Wealth LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 46.7% in the fourth quarter, HoldingsChannel reports. The firm owned 13,722 shares of the information services provider’s stock after buying an additional 4,367 shares during the quarter. Rothschild Wealth LLC’s holdings in Alphabet were worth $4,306,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Kathmere Capital Management LLC lifted its holdings in shares of Alphabet by 8.5% in the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider’s stock valued at $9,381,000 after acquiring an additional 2,341 shares during the last quarter. Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of Alphabet by 0.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider’s stock valued at $53,920,000 after acquiring an additional 2,009 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its holdings in shares of Alphabet by 1.0% in the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider’s stock valued at $86,596,000 after acquiring an additional 2,850 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Alphabet by 7.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider’s stock valued at $19,060,000 after acquiring an additional 4,239 shares during the last quarter. Finally, Steginsky Capital LLC lifted its holdings in shares of Alphabet by 1.0% in the 3rd quarter. Steginsky Capital LLC now owns 680,588 shares of the information services provider’s stock valued at $165,757,000 after acquiring an additional 6,523 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Analyst Upgrades and Downgrades
GOOG has been the subject of a number of analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of Alphabet in a report on Wednesday, May 20th. Pivotal Research reaffirmed a “buy” rating and issued a $470.00 price target (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a report on Monday, June 1st. TD Cowen raised their price objective on shares of Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Oppenheimer raised their price objective on shares of Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Five equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $376.78.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: HSBC announced a multi-year partnership with Alphabet’s Google Cloud to expand its AI capabilities, a fresh validation of Google Cloud’s enterprise momentum and a potentially meaningful revenue tailwind. HSBC partners with Google Cloud to expand AI usage
- Positive Sentiment: Alphabet rolled out Android 17 and expanded Gemini features across Pixel devices and Wear OS, highlighting continued product innovation and deeper integration of AI into its consumer ecosystem. Android 17 launches with new multitasking tools as Google expands Gemini features
- Positive Sentiment: Alphabet confirmed a $1.5 billion Alabama data center expansion, including community investment and infrastructure spending, signaling continued AI and cloud capacity buildout to support future demand. Google’s Samsung Talks Highlight TSMC Capacity Crunch
- Positive Sentiment: Google broadened Fitbit Air’s appeal by making it HSA and FSA eligible, which could improve adoption in digital health and wearables. Google Broadens Fitbit Air Appeal With HSA, FSA Eligibility
- Neutral Sentiment: Google also received positive media commentary around its AI strategy and enterprise adoption, but these were largely opinion pieces rather than new fundamental developments. Why GOOGL Stock May Have More Room to Run Even After a 100% Rally
- Neutral Sentiment: Alphabet’s AI and quantum research efforts continued to draw attention, but the impact on near-term earnings is unclear. Google’s 20x Quantum Leap Threatens Ethereum’s Code as ETH Price Drops
- Negative Sentiment: Some coverage warned that the AI boom may be getting too speculative, with Howard Marks cautioning that investors may be overestimating what they own in AI stocks. Howard Marks: Investing in AI Stocks Is ‘Closer to Speculating’ Than Analysis
Alphabet Stock Performance
Alphabet stock opened at $371.10 on Wednesday. The company has a 50 day moving average price of $360.69 and a 200-day moving average price of $330.18. 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 Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. The company has a market capitalization of $4.50 trillion, a PE ratio of 28.31, a P/E/G ratio of 1.57 and a beta of 1.23.
Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the previous year, the firm posted $2.81 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. As a group, equities analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current year.
Alphabet Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio is 6.71%.
Insider Activity at Alphabet
In related 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 transaction, the director directly owned 18,721 shares of the company’s stock, valued at $7,132,701. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 617 shares of Alphabet stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the transaction, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 159,466 shares of company stock valued at $6,957,543 over the last quarter. 12.99% of the stock is owned by insiders.
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.
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