Alphabet Inc. $GOOG Shares Sold by NFSG Corp

NFSG Corp cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 16.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,699 shares of the information services provider’s stock after selling 10,040 shares during the period. Alphabet makes up approximately 2.4% of NFSG Corp’s investment portfolio, making the stock its 7th largest holding. NFSG Corp’s holdings in Alphabet were worth $14,544,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Imprint Wealth LLC bought a new position in Alphabet during the third quarter worth about $31,000. Nvest Wealth Strategies Inc. acquired a new position in Alphabet during the 4th quarter worth approximately $38,000. Lifetime Wealth Management P.C. bought a new position in Alphabet in the fourth quarter valued at $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at about $41,000. Finally, Towne Trust Company N.A increased its position in shares of Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $346.12 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $366.29 and its 200-day moving average is $336.65. Alphabet Inc. has a twelve month low of $184.73 and a twelve month high of $404.47. The firm has a market capitalization of $4.19 trillion, a price-to-earnings ratio of 26.40, a PEG ratio of 1.45 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping 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 company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same period in the previous year, the firm posted $2.81 earnings per share. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Sell-side analysts forecast that Alphabet Inc. will post 14.33 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed 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. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 6.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GOOG. Zacks Research raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Raymond James Financial reiterated a “strong-buy” rating and set a $425.00 price target on shares of Alphabet in a report on Thursday, April 30th. Oppenheimer upped their price objective on Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a research report on Monday, June 22nd. Finally, Pivotal Research restated a “buy” rating and issued a $470.00 price target (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $383.44.

Insider Activity at Alphabet

In other Alphabet news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the transaction, the chief accounting officer owned 27,348 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the transaction, the insider directly owned 75,290 shares in the company, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 159,415 shares of company stock valued at $7,672,279 over the last three months. Insiders own 12.99% of the company’s stock.

Key Alphabet News

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.

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.