NBZ Investment Advisors LLC Grows Holdings in Alphabet Inc. $GOOG

NBZ Investment Advisors LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 26.9% in the 1st quarter, Holdings Channel reports. The fund owned 9,238 shares of the information services provider’s stock after buying an additional 1,960 shares during the quarter. Alphabet accounts for about 1.2% of NBZ Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest position. NBZ Investment Advisors LLC’s holdings in Alphabet were worth $2,650,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ring Mountain Capital LLC increased its stake in shares of Alphabet by 0.9% during the fourth quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider’s stock valued at $1,174,000 after purchasing an additional 30 shares in the last quarter. Cannon Financial Strategists Inc. lifted its holdings in shares of Alphabet by 1.9% during the fourth quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider’s stock valued at $499,000 after purchasing an additional 30 shares during the last quarter. Financial Enhancement Group LLC boosted its position in shares of Alphabet by 2.3% in the 1st quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider’s stock worth $380,000 after purchasing an additional 30 shares in the last quarter. HRC Wealth Management LLC boosted its position in shares of Alphabet by 1.0% in the 4th quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider’s stock worth $1,014,000 after purchasing an additional 31 shares in the last quarter. Finally, Certior Financial Group LLC grew its stake in shares of Alphabet by 3.5% in the 4th quarter. Certior Financial Group LLC now owns 919 shares of the information services provider’s stock worth $288,000 after buying an additional 31 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GOOG shares. Stifel Nicolaus set a $420.00 price objective on Alphabet in a research report on Wednesday, May 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $450.00 target price on shares of Alphabet in a report on Thursday, May 21st. Phillip Securities cut Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 15th. UBS Group set a $430.00 price target on Alphabet in a report on Thursday. Finally, Oppenheimer upped their price target 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 research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Alphabet has an average rating of “Buy” and an average price target of $383.44.

Alphabet Stock Down 2.2%

GOOG stock opened at $346.12 on Friday. Alphabet Inc. has a 1-year low of $184.73 and a 1-year high of $404.47. The business has a fifty day moving average price of $366.29 and a 200-day moving average price of $336.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $4.19 trillion, a P/E ratio of 26.40, a P/E/G ratio of 1.48 and a beta of 1.23.

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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same period in the prior year, the company posted $2.81 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. Equities analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.3%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Bank of America and Wedbush remain bullish, with both highlighting strong cloud growth, AI monetization potential, and upside to the stock ahead of earnings. Alphabet could crush estimates on Cloud strength, Anthropic windfall: BofA
• Positive Sentiment: Analysts and investors are still pointing to accelerating Google Search and Google Cloud growth, while retail interest and institutional ownership remain strong ahead of the July 22 report.
• Positive Sentiment: Alphabet’s AI and cloud businesses remain central to the bullish thesis, with multiple articles noting that the company could benefit from rising AI infrastructure spend and strong earnings expectations.

Insider Buying and Selling at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 159,415 shares of company stock worth $7,672,279. 12.99% of the stock is owned by company insiders.

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.