Bartlett & CO. Wealth Management LLC Has $378.49 Million Position in Alphabet Inc. $GOOG

Bartlett & CO. Wealth Management LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,319,423 shares of the information services provider’s stock after selling 50,958 shares during the quarter. Alphabet accounts for 5.0% of Bartlett & CO. Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. Bartlett & CO. Wealth Management LLC’s holdings in Alphabet were worth $378,490,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GOOG. Nvest Wealth Strategies Inc. bought a new stake in Alphabet during the 4th quarter valued at about $38,000. Lifetime Wealth Management P.C. bought a new position in Alphabet in the 4th quarter worth about $38,000. Imprint Wealth LLC bought a new position in Alphabet in the 3rd quarter worth about $31,000. Bard Associates Inc. purchased a new position in shares of Alphabet during the fourth quarter worth approximately $41,000. Finally, Towne Trust Company N.A increased its position in shares of Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after acquiring an additional 34 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer directly owned 27,348 shares in the company, valued at $9,345,358.56. This represents a 1.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 159,415 shares of company stock worth $7,672,279. 12.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on GOOG shares. JPMorgan Chase & Co. lifted their price target on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a report on Friday. Wolfe Research reaffirmed an “outperform” rating on shares of Alphabet in a research report on Monday. Freedom Capital lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, KeyCorp set a $445.00 target price on Alphabet in a report on Friday, July 10th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $383.44.

Alphabet Trading Down 1.5%

NASDAQ:GOOG opened at $346.19 on Wednesday. The firm has a 50-day simple moving average of $364.83 and a 200-day simple moving average of $337.29. Alphabet Inc. has a one year low of $188.49 and a one year high of $404.47. The firm has a market cap of $4.19 trillion, a P/E ratio of 26.41, a P/E/G ratio of 1.45 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data 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 firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the firm earned $2.81 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 14.33 EPS 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 issued a dividend of $0.22 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is reportedly building a custom AI server chip, “Frozen v2,” to run Gemini more efficiently and reduce compute costs, which could improve long-term margins and support cloud growth.
• Positive Sentiment: Alphabet released new Gemini model variants, including cheaper and cybersecurity-focused versions, signaling continued AI product progress ahead of earnings.
• Positive Sentiment: Analysts remain broadly constructive into earnings, with expectations for strong revenue growth and continued strength in Search and Google Cloud.
• Neutral Sentiment: Options traders are pricing in a meaningful post-earnings move, suggesting the stock could react sharply to Wednesday’s results either way.
• Neutral Sentiment: Senator Jerry Moran disclosed a purchase of GOOG shares, a modest signal of insider confidence but not a major market-moving catalyst.
• Negative Sentiment: Investors remain concerned about Alphabet’s large AI and data-center spending, and the delayed Gemini Pro launch is adding to questions about execution and AI payoff.
• Negative Sentiment: Ongoing securities-fraud investigations create additional headline risk and may weigh on sentiment ahead of earnings.

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.