Torrey Payne Wealth Management LLC Buys New Shares in Alphabet Inc. $GOOG

Torrey Payne Wealth Management LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,544 shares of the information services provider’s stock, valued at approximately $1,182,000. Alphabet makes up about 1.1% of Torrey Payne Wealth Management LLC’s holdings, making the stock its 16th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Imprint Wealth LLC acquired a new stake in shares of Alphabet during the 3rd quarter valued at $31,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet in the 4th quarter worth $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet in the 4th quarter worth $41,000. Towne Trust Company N.A raised its position in shares of Alphabet by 34.0% during 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, Commonwealth Retirement Investments LLC acquired a new stake in shares of Alphabet during the fourth quarter worth $45,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on GOOG shares. Citigroup reaffirmed a “market outperform” rating on shares of Alphabet in a research report on Monday, June 1st. Freedom Capital lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating and set a $435.00 price target on shares of Alphabet in a report on Tuesday, June 2nd. KeyCorp reiterated an “overweight” rating on shares of Alphabet in a report on Wednesday, May 20th. Finally, Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a research report on Wednesday, May 20th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Buy” and an average target price of $376.78.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s broader AI and cloud story remains strong, with recent commentary highlighting solid earnings momentum, expanding Google Cloud backlog, and ongoing AI-related spending that could support future growth. AI Spending Is Strengthening the Alphabet (GOOGL) Bull Case
• Positive Sentiment: Google also announced a $1.5 billion investment to expand its Alabama data center campus, reinforcing its long-term infrastructure buildout for AI and cloud demand. Alphabet Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus
• Positive Sentiment: Banking win: HSBC signed an AI deal with Google Cloud, adding another enterprise customer and supporting Alphabet’s cloud adoption narrative. HSBC signs AI deal with Google Cloud
• Neutral Sentiment: Alphabet director John L. Hennessy disclosed a sale of 1,050 shares. Insider selling can draw attention, but the transaction was relatively small versus Alphabet’s overall market value. SEC filing
• Negative Sentiment: Waymo recalled about 3,871 robotaxis after software issues caused some vehicles to enter closed freeway construction zones, renewing safety concerns around Alphabet’s autonomous driving unit. Waymo to recall over 3,800 robotaxis over risk of entering closed construction zones
• Negative Sentiment: Alphabet also lost Noam Shazeer, a key Gemini AI leader, to OpenAI, which may fuel concerns about competition for top AI talent. Google’s Gemini co-lead Noam Shazeer to join OpenAI
• Negative Sentiment: New U.K. rules requiring Google to be more transparent and fair in search rankings add another layer of regulatory pressure on its core search business. UK regulator sets out conduct requirements for Google’s search services

Alphabet Trading Up 1.5%

Shares of GOOG stock opened at $367.46 on Friday. Alphabet Inc. has a 12 month low of $163.33 and a 12 month 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 business’s 50 day moving average is $363.25 and its two-hundred day moving average is $330.81. The company has a market cap of $4.45 trillion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 1.55 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, beating 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 company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same quarter last year, the firm posted $2.81 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities 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. Investors of record on Monday, June 8th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, June 8th. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is 6.71%.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 102 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the transaction, the director owned 18,721 shares of the company’s stock, valued at $7,132,701. The trade was a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 160,516 shares of company stock worth $7,344,604. Corporate 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.