Alphabet Inc. $GOOG Shares Sold by Wealth Preservation Advisors LLC

Wealth Preservation Advisors LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,833 shares of the information services provider’s stock after selling 1,588 shares during the period. Alphabet accounts for approximately 15.8% of Wealth Preservation Advisors LLC’s investment portfolio, making the stock its biggest holding. Wealth Preservation Advisors LLC’s holdings in Alphabet were worth $31,328,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kera Capital Partners Inc. raised its position in shares of Alphabet by 3.1% in the 4th quarter. Kera Capital Partners Inc. now owns 37,166 shares of the information services provider’s stock valued at $12,582,000 after purchasing an additional 1,108 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in Alphabet during the 4th quarter worth approximately $321,000. Blue Capital Inc. purchased a new stake in Alphabet during the 4th quarter worth approximately $2,823,000. MV Capital Management Inc. acquired a new position in Alphabet during the 4th quarter valued at approximately $5,555,000. Finally, Framtiden Holdings Management Co LLC acquired a new position in Alphabet during the 4th quarter valued at approximately $15,721,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of GOOG stock opened at $367.46 on Friday. The stock has a 50 day moving average of $364.31 and a 200 day moving average of $331.07. 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 cap of $4.45 trillion, a P/E ratio of 28.03, a P/E/G ratio of 1.57 and a beta of 1.22. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion during 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%.Alphabet’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.81 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date was Monday, June 8th. 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. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Insider Activity

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction 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 filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 160,516 shares of company stock valued at $7,344,604 in the last three months. Corporate insiders own 12.99% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to draw bullish attention as investors highlight accelerating Google Cloud growth, improving margins, and a very large backlog that suggests strong demand for AI and cloud services. Alphabet: Google Cloud Is Outperforming Azure And AWS; $462 Billion Backlog Requires More AI Investments
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake significantly, which is being read as a strong vote of confidence in GOOG’s long-term outlook. Berkshire Hathaway Expands Alphabet (GOOGL) Stake to 58M Shares as Ackman Exits
• Positive Sentiment: Alphabet’s major AI and data-center investments, including a reported $1.5 billion Alabama campus expansion and broader capex plans, are supporting the view that the company is buying future growth. Alphabet (GOOGL) Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus

Wall Street Analyst Weigh In

A number of research firms have issued reports on GOOG. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the company a “buy” rating in a report on Friday, March 13th. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. KeyCorp restated an “overweight” rating on shares of Alphabet in a research note on Wednesday, May 20th. Finally, Oppenheimer lifted their price target on Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $376.78.

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.