Alphabet Inc. $GOOG Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 19.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 119,458 shares of the information services provider’s stock after acquiring an additional 19,525 shares during the period. Axxcess Wealth Management LLC’s holdings in Alphabet were worth $35,330,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Imprint Wealth LLC acquired a new stake in shares of Alphabet in the 3rd quarter valued at $31,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet during the fourth quarter worth $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet during the fourth quarter worth $41,000. Towne Trust Company N.A increased its holdings in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after buying an additional 34 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new position in Alphabet in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s broader AI and cloud story remains strong, with recent commentary highlighting solid earnings momentum, expanding Google Cloud backlog, and ongoing AI-related spending that could support future growth. AI Spending Is Strengthening the Alphabet (GOOGL) Bull Case
• Positive Sentiment: Google also announced a $1.5 billion investment to expand its Alabama data center campus, reinforcing its long-term infrastructure buildout for AI and cloud demand. Alphabet Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus
• Positive Sentiment: Banking win: HSBC signed an AI deal with Google Cloud, adding another enterprise customer and supporting Alphabet’s cloud adoption narrative. HSBC signs AI deal with Google Cloud
• Neutral Sentiment: Alphabet director John L. Hennessy disclosed a sale of 1,050 shares. Insider selling can draw attention, but the transaction was relatively small versus Alphabet’s overall market value. SEC filing
• Negative Sentiment: Waymo recalled about 3,871 robotaxis after software issues caused some vehicles to enter closed freeway construction zones, renewing safety concerns around Alphabet’s autonomous driving unit. Waymo to recall over 3,800 robotaxis over risk of entering closed construction zones
• Negative Sentiment: Alphabet also lost Noam Shazeer, a key Gemini AI leader, to OpenAI, which may fuel concerns about competition for top AI talent. Google’s Gemini co-lead Noam Shazeer to join OpenAI
• Negative Sentiment: New U.K. rules requiring Google to be more transparent and fair in search rankings add another layer of regulatory pressure on its core search business. UK regulator sets out conduct requirements for Google’s search services

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 102 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the transaction, the director owned 18,721 shares in the company, valued at $7,132,701. This trade represents a 0.54% decrease in their position. The transaction 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 Alphabet stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value 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. This trade represents a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 160,516 shares of company stock worth $7,344,604. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Pivotal Research restated a “buy” rating and issued a $470.00 price target (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. Truist Financial set a $430.00 price objective on Alphabet in a research report on Monday, June 1st. Scotiabank reiterated 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. Wells Fargo & Company reissued an “overweight” rating and set a $435.00 target price on shares of Alphabet in a research report on Tuesday, June 2nd. Finally, Citigroup restated a “market outperform” rating on shares of Alphabet in a research note on Monday, June 1st. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $376.78.

Alphabet Price Performance

Shares of GOOG opened at $367.46 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a 1-year low of $163.33 and a 1-year high of $404.47. The stock has a market cap of $4.45 trillion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The firm has a fifty day moving average price of $363.25 and a 200 day moving average price of $330.81.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same quarter last year, the company posted $2.81 earnings per share. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 given a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s payout ratio is currently 6.71%.

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.