Alphabet Inc. $GOOG Shares Sold by Beta Wealth Group Inc.

Beta Wealth Group Inc. reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,287 shares of the information services provider’s stock after selling 2,600 shares during the period. Alphabet makes up 1.4% of Beta Wealth Group Inc.’s holdings, making the stock its 21st largest position. Beta Wealth Group Inc.’s holdings in Alphabet were worth $3,542,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Biondo Investment Advisors LLC increased its position in Alphabet by 1.4% during the 4th quarter. Biondo Investment Advisors LLC now owns 2,748 shares of the information services provider’s stock valued at $862,000 after buying an additional 38 shares in the last quarter. 1 North Wealth Services LLC increased its position in Alphabet by 3.5% during the 4th quarter. 1 North Wealth Services LLC now owns 3,533 shares of the information services provider’s stock valued at $1,109,000 after buying an additional 120 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Alphabet by 130.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 8,280,970 shares of the information services provider’s stock valued at $2,598,568,000 after buying an additional 4,680,460 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new position in Alphabet during the 4th quarter valued at about $9,761,000. Finally, Jacobi Capital Management LLC increased its position in Alphabet by 0.3% during the 4th quarter. Jacobi Capital Management LLC now owns 41,541 shares of the information services provider’s stock valued at $13,036,000 after buying an additional 136 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the sale, the director owned 18,721 shares in the company, valued at $7,132,701. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director owned 2,531 shares in the company, valued at $995,341.06. The trade was a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 193,016 shares of company stock valued at $17,282,549. 12.99% of the stock is owned by insiders.

Alphabet Stock Up 0.4%

Shares of GOOG stock opened at $358.16 on Friday. The stock’s 50-day simple moving average is $357.71 and its 200-day simple moving average is $329.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $4.34 trillion, a PE ratio of 27.32, a P/E/G ratio of 1.53 and a beta of 1.22. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.81 earnings per share. Equities analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

Analyst Ratings Changes

Several research analysts recently issued reports on GOOG shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 target price on shares of Alphabet in a research report on Thursday, May 21st. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a research report on Monday, June 1st. JPMorgan Chase & Co. upped their target price on Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Stifel Nicolaus set a $420.00 price objective on Alphabet in a report on Wednesday, May 20th. Finally, Scotiabank reissued an “outperform” rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $376.78.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s drone-delivery unit Wing expanded into seven more U.S. cities with Walmart, reinforcing that its Other Bets can scale into real businesses and may be more valuable than the market gives them credit for.
• Positive Sentiment: Waymo launched a $29.99 monthly membership program, adding a recurring-revenue layer to its robotaxi business and highlighting rapid growth in paid rides, which investors may see as a meaningful long-term opportunity.
• Positive Sentiment: Several analyst and commentary pieces remain constructive on Alphabet’s AI, cloud, and search setup, with some calling it an AI powerhouse and lifting price targets, which supports the stock’s bullish narrative.
• Positive Sentiment: Google is also expanding its real-estate listings nationwide and continuing to deepen its AI infrastructure and chip strategy, reinforcing multiple growth avenues beyond search advertising.
• Neutral Sentiment: Google filed suit against an alleged Chinese cybercrime group that used AI to scam victims, a move that shows the company is actively defending its platforms, though the stock impact is likely limited unless the issue escalates.
• Neutral Sentiment: Alphabet declined a $2 billion U.S. quantum-computing funding program, saying the terms could slow development; that may be viewed as a strategic choice rather than a major financial event.
• Neutral Sentiment: News that some billionaire investors sold Alphabet in Q1 while others bought more adds to the debate, but it does not change the underlying business fundamentals by itself.
• Negative Sentiment: Some recent coverage continues to focus on worries about rising capital expenditures and AI monetization, which can pressure sentiment if investors fear Alphabet’s AI spending will take longer to pay off.
• Negative Sentiment: Alphabet’s AI Overview feature has also faced renewed controversy, adding another small overhang around search quality and user trust.

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.