Roberts Glore & Co. Inc. IL decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,895 shares of the information services provider’s stock after selling 2,175 shares during the quarter. Alphabet accounts for approximately 4.3% of Roberts Glore & Co. Inc. IL’s portfolio, making the stock its 4th largest position. Roberts Glore & Co. Inc. IL’s holdings in Alphabet were worth $16,285,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Imprint Wealth LLC purchased a new stake in Alphabet in the third quarter worth approximately $31,000. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the fourth quarter worth approximately $38,000. Towne Trust Company N.A boosted its stake 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 buying an additional 34 shares in the last quarter. Winnow Wealth LLC purchased a new stake in Alphabet in the third quarter worth approximately $63,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in Alphabet by 29.0% in the third quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider’s stock worth $63,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.
Alphabet Stock Performance
Shares of GOOG stock opened at $384.84 on Wednesday. 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 Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47. The stock has a 50 day moving average price of $338.73 and a two-hundred day moving average price of $322.49. The company has a market capitalization of $4.66 trillion, a P/E ratio of 29.35, a PEG ratio of 1.62 and a beta of 1.25.
Alphabet Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date is Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio is presently 6.71%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on GOOG. BMO Capital Markets reaffirmed an “outperform” rating and issued a $400.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Truist Financial set a $385.00 target price on Alphabet in a research note on Wednesday, April 22nd. Wedbush reaffirmed an “outperform” rating and issued a $370.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Phillip Securities lowered Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 15th. Finally, DZ Bank raised Alphabet to a “strong-buy” rating in a research note on Monday, February 16th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $372.65.
Read Our Latest Research Report on Alphabet
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google used its Marketing Live event to roll out AI-powered ad products tied to Gemini, including conversational ads, smarter Shopping Ads, and checkout inside AI search results — a sign that Alphabet is turning its AI push into new revenue opportunities. Google Wants Ads to Talk Back in AI Search
- Positive Sentiment: Several reports highlighted Alphabet’s strong AI and cloud momentum, including Google Cloud expansion, Gemini adoption, and a bullish outlook that sees the company benefiting from continued search and advertising strength. What Google Search’s New AI Mode Means for B2B Discovery
- Positive Sentiment: Market commentary and analyst chatter continued to frame Alphabet as a leading AI beneficiary, with some price targets and forecasts implying meaningful upside from current levels. Is Most-Watched Stock Alphabet Inc. (GOOG) Worth Betting on Now?
- Neutral Sentiment: Investor attention remains elevated after Google I/O and the company’s AI overhaul, but some coverage warns that publishers could lose traffic as search becomes more AI-driven. Google Search AI Overhaul Leaves Publishers Bracing For ‘Google Zero’
- Negative Sentiment: Alphabet faces fresh regulatory overhang after reports said the EU is preparing a record antitrust penalty over alleged search favoritism under the Digital Markets Act, which could pressure sentiment. EU plans to fine Google high triple-digit million euro sum, Handelsblatt reports
- Negative Sentiment: Some headlines also noted user pushback against Google’s AI Search changes and reports of DuckDuckGo gaining installs, suggesting potential concern about how users will react to the new search experience. DuckDuckGo installs are up 30% as users reject being ‘force-fed’ Google’s AI Search
Insider Transactions at Alphabet
In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the business’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 value of $412,923.00. Following the completion of the sale, the director owned 2,531 shares in the company, valued at approximately $995,341.06. The trade was a 29.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The shares were 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 of the company’s stock, valued at $14,293,309.12. The trade was a 14.79% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 226,481 shares of company stock valued at $27,422,061. Insiders own 12.99% of the company’s stock.
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.
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