Alphabet Inc. $GOOG Shares Bought by SVB Wealth LLC

SVB Wealth LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,141 shares of the information services provider’s stock after purchasing an additional 1,836 shares during the quarter. Alphabet comprises about 1.5% of SVB Wealth LLC’s investment portfolio, making the stock its 15th largest holding. SVB Wealth LLC’s holdings in Alphabet were worth $23,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Alphabet by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock valued at $132,114,125,000 after acquiring an additional 8,128,234 shares during the last quarter. State Street Corp grew its stake in shares of Alphabet by 0.5% in the 4th quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock worth $58,712,878,000 after purchasing an additional 953,790 shares during the last quarter. Auto Owners Insurance Co grew its stake in shares of Alphabet by 38,409.2% in the 4th quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock worth $5,643,262,000 after purchasing an additional 179,369,280 shares during the last quarter. J. Stern & Co. LLP raised its holdings in shares of Alphabet by 28,482.8% in the 4th quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after purchasing an additional 111,699,704 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Alphabet by 1.1% in the 4th quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock worth $31,569,189,000 after purchasing an additional 1,073,151 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Ratings Changes

GOOG has been the subject of a number of research reports. Scotiabank restated an “outperform” rating and set a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. KeyCorp reaffirmed an “overweight” rating on shares of Alphabet in a report on Wednesday, May 20th. JPMorgan Chase & Co. increased their price objective on Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Freedom Capital lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Citigroup reissued a “market outperform” rating on shares of Alphabet in a research note on Monday. Four 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 data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and an average price target of $376.78.

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 617 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were 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 $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 151,523 shares of company stock worth $4,863,526 over the last three months. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $342.19 on Friday. Alphabet Inc. has a fifty-two week low of $170.86 and a fifty-two week high of $404.47. The firm’s 50 day simple moving average is $366.32 and its 200-day simple moving average is $331.92. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $4.15 trillion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the prior year, the firm earned $2.81 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts predict 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. Shareholders of record on Monday, June 8th were paid a dividend of $0.22 per share. This is an increase 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 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet will join the Dow Jones Industrial Average on June 29, replacing Verizon. That index upgrade can lift demand from index funds and reinforces Alphabet’s status as a blue-chip tech leader. Alphabet replacing Verizon in Dow Jones Industrial Average index
• Positive Sentiment: Google Finance launched a major overhaul with a new Android app, global portfolio-tracking tools, AI features, and real-time market data, adding another consumer-facing product update to Alphabet’s ecosystem. Google Finance Debuts App and Investment Tracking Capabilities
• Neutral Sentiment: Alphabet was cited in a proposed AI Bubble Transparency Act that would increase reporting on AI-related financing exposure. This is more of a policy backdrop than an immediate earnings impact, but it highlights rising scrutiny around the AI sector. New Bill: Senator Elizabeth Warren introduces S. 4743: AI Bubble Transparency Act
• Negative Sentiment: Investor sentiment has been hurt by reports that two more top AI researchers are leaving Google for Anthropic, extending a wave of departures that raises questions about talent retention and Alphabet’s competitive position in AI. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Additional coverage says the AI talent exodus is continuing and that Gemini may be lagging rivals, which is fueling concern that Alphabet is losing momentum in one of its most important growth areas. AI researchers continue to leave Google for its rivals
• Negative Sentiment: Alphabet also faced a separate headline that Gemini 3.5 Pro’s release was delayed, adding to worries that product execution in AI is slipping while rivals move quickly. Alphabet Delays Release of Gemini 3.5 Pro AI Model

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.