Alphabet Inc. $GOOG Stock Holdings Cut by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. trimmed its position in Alphabet Inc. (NASDAQ:GOOG) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 206,881 shares of the information services provider’s stock after selling 11,231 shares during the period. Alphabet comprises 5.0% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 4th biggest holding. Edgemoor Investment Advisors Inc.’s holdings in Alphabet were worth $64,919,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GOOG. Imprint Wealth LLC bought a new stake in Alphabet during the third quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. purchased a new position in Alphabet during the fourth quarter valued at approximately $38,000. Towne Trust Company N.A lifted its holdings in Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its holdings in Alphabet by 29.0% during the third quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider’s stock valued at $63,000 after purchasing an additional 58 shares in the last quarter. Finally, Creative Capital Management Investments LLC boosted its holdings in Alphabet by 1,438.5% in the 4th quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock worth $63,000 after buying an additional 187 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following the transaction, the director owned 2,531 shares of the company’s stock, valued at approximately $995,341.06. This represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 8,993 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 193,016 shares of company stock valued at $17,282,549. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

NASDAQ GOOG opened at $365.76 on Monday. Alphabet Inc. has a 52 week low of $163.33 and a 52 week high of $404.47. 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 company has a fifty day moving average of $350.06 and a two-hundred day moving average of $327.36. The firm has a market capitalization of $4.43 trillion, a price-to-earnings ratio of 27.90, a PEG ratio of 1.57 and a beta of 1.22.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. During the same period in the previous year, the company earned $2.81 EPS. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The firm 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 dividend of $0.22 per share. 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%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s payout ratio is currently 6.71%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet signed a major cloud-computing agreement with SpaceX, with reports putting the deal at about $920 million per month for 32 months, which could provide a meaningful revenue stream and reinforce demand for Google Cloud. Article Title
• Positive Sentiment: Alphabet’s municipal-bond debut drew strong investor demand, suggesting institutions still view the company as a high-quality borrower with flexible financing options. Article Title
• Positive Sentiment: Some investors and analysts said the equity raise is a strategic move to accelerate AI infrastructure and may help Alphabet defend and expand its long-term leadership in search, cloud, and AI. Article Title
• Neutral Sentiment: Alphabet also appeared in commentary about AI-related partnerships, including potential indirect benefits from the SpaceX IPO and other cloud collaborations, but these are mostly longer-term strategic themes rather than immediate catalysts. Article Title
• Negative Sentiment: Wall Street coverage focused heavily on Alphabet’s expanding capital expenditures, with some commentators warning that the AI buildout may be getting too expensive and could pressure free cash flow. Article Title

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Scotiabank reaffirmed an “outperform” rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Truist Financial set a $430.00 price objective on shares of Alphabet in a research report on Monday, June 1st. Stifel Nicolaus set a $420.00 price target on shares of Alphabet in a research note on Wednesday, May 20th. Raymond James Financial reiterated a “strong-buy” rating and issued a $425.00 price target on shares of Alphabet in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research note on Thursday, May 21st. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $376.00.

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.