Cedarwood Wealth LLC Takes $850,000 Position in Alphabet Inc. $GOOG

Cedarwood Wealth LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, Holdings Channel reports. The fund purchased 2,547 shares of the information services provider’s stock, valued at approximately $850,000. Alphabet accounts for approximately 1.0% of Cedarwood Wealth LLC’s portfolio, making the stock its 24th biggest position.

Other institutional investors have also made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Alphabet during the fourth quarter valued at approximately $63,000. Mengis Capital Management Inc. lifted its position in Alphabet by 0.9% in the 4th quarter. Mengis Capital Management Inc. now owns 63,599 shares of the information services provider’s stock worth $19,958,000 after buying an additional 570 shares in the last quarter. Storen Legacy Partners LLC purchased a new stake in Alphabet in the 4th quarter worth approximately $358,000. Worthington Financial Partners LLC acquired a new stake in shares of Alphabet during the 4th quarter valued at $360,000. Finally, Bayban acquired a new stake in shares of Alphabet during the 4th quarter valued at $410,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to draw bullish attention as investors highlight accelerating Google Cloud growth, improving margins, and a very large backlog that suggests strong demand for AI and cloud services. Alphabet: Google Cloud Is Outperforming Azure And AWS; $462 Billion Backlog Requires More AI Investments
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake significantly, which is being read as a strong vote of confidence in GOOG’s long-term outlook. Berkshire Hathaway Expands Alphabet (GOOGL) Stake to 58M Shares as Ackman Exits
• Positive Sentiment: Alphabet’s major AI and data-center investments, including a reported $1.5 billion Alabama campus expansion and broader capex plans, are supporting the view that the company is buying future growth. Alphabet (GOOGL) Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus

Alphabet Price Performance

GOOG stock opened at $367.46 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1 year low of $163.33 and a 1 year high of $404.47. The company has a fifty day simple moving average of $364.31 and a 200 day simple moving average of $331.18. The firm has a market cap of $4.45 trillion, a PE ratio of 28.03, a PEG ratio of 1.57 and a beta of 1.23.

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 analysts’ consensus estimates of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Alphabet’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.81 earnings per share. Sell-side analysts anticipate that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 dividend yield of 0.2%. Alphabet’s dividend payout ratio is currently 6.71%.

Insider Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the business’s 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 completion of the sale, the chief accounting officer owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 160,516 shares of company stock worth $7,344,604 in the last 90 days. Insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on GOOG shares. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Scotiabank reissued an “outperform” rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Raymond James Financial restated a “strong-buy” rating and issued a $425.00 target price on shares of Alphabet in a research note on Thursday, April 30th. Pivotal Research reaffirmed a “buy” rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Alphabet in a research note on Wednesday, May 20th. Five equities 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’s stock. According to data from MarketBeat, Alphabet has a consensus rating of “Buy” and a consensus target price of $376.78.

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.