FWG Holdings LLC Cuts Position in Alphabet Inc. $GOOG

FWG Holdings LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 16.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,958 shares of the information services provider’s stock after selling 1,403 shares during the quarter. Alphabet comprises about 0.9% of FWG Holdings LLC’s portfolio, making the stock its 23rd largest holding. FWG Holdings LLC’s holdings in Alphabet were worth $2,355,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. Imprint Wealth LLC purchased a new stake in Alphabet in the third quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new stake in Alphabet in the third quarter worth about $32,000. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the fourth quarter worth about $38,000. Towne Trust Company N.A grew 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 worth $42,000 after purchasing an additional 34 shares during the period. Finally, Lynch Asset Management Inc. purchased a new stake in Alphabet in the third quarter worth about $61,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $345.00 price target on shares of Alphabet in a report on Thursday, February 5th. Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the company a “buy” rating in a report on Friday, March 13th. Scotiabank reiterated an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Pivotal Research reiterated a “buy” rating and set a $470.00 price target (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Finally, Freedom Capital cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $362.73.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google unveiled a broader AI push at its Android event, including Gemini-powered features, new “Googlebooks” laptops, and agentic AI tools, reinforcing the company’s leadership in AI and mobile ecosystems.
• Positive Sentiment: Reports that Google is discussing orbital data centers with SpaceX have sparked investor excitement about a potential long-term infrastructure advantage in AI and cloud computing. Report: Google and SpaceX in talks to put data centers into orbit
• Positive Sentiment: Alphabet continues to attract bullish analyst and investor attention after strong Q1 results and ongoing cloud/AI growth, supporting the case for additional upside. Alphabet: The A-Z AI Play Set To Profit From The Whole Industry
• Positive Sentiment: Several large investors disclosed higher stakes in Alphabet, including Capital World Investors and other institutions, which can reinforce confidence in the stock’s long-term fundamentals.
• Neutral Sentiment: One fund update showed a large reduction in GOOG holdings by Capital International Investors, but this appears to be portfolio rebalancing rather than a direct company-specific warning.
• Negative Sentiment: Alphabet still faces regulatory pressure in Europe, including efforts to avoid an EU antitrust fine tied to spam-policy changes and broader DMA compliance concerns.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director owned 3,581 shares in the company, valued at $1,187,638.65. This represents a 22.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 955 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares in the company, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 158,553 shares of company stock worth $47,951,856 in the last three months. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Up 4.0%

Shares of Alphabet stock opened at $399.06 on Thursday. The company has a market cap of $4.84 trillion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 1.64 and a beta of 1.25. The company’s 50 day moving average is $323.77 and its 200 day moving average is $315.48. Alphabet Inc. has a twelve month low of $160.93 and a twelve month high of $399.93. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The company 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 firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.81 earnings per share. Research analysts anticipate that Alphabet Inc. will post 14.28 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet’s payout ratio is currently 6.41%.

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.