Union Savings Bank Takes Position in Alphabet Inc. $GOOG

Union Savings Bank acquired a new position in Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,630 shares of the information services provider’s stock, valued at approximately $825,000.

Other hedge funds have also recently made changes to their positions in the company. Imprint Wealth LLC acquired a new position in Alphabet during the third quarter worth $31,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at $38,000. Bard Associates Inc. purchased a new stake in shares of Alphabet in the 4th quarter valued at $41,000. Towne Trust Company N.A raised its holdings in shares of Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after buying an additional 34 shares during the period. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Alphabet during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

More Alphabet News

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GOOG shares. Phillip Securities cut shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. Truist Financial set a $430.00 target price on shares of Alphabet in a research note on Monday, June 1st. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a report on Monday, June 1st. Needham & Company LLC set a $400.00 price target on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, March 13th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $450.00 price target on shares of Alphabet in a research note on Thursday, May 21st. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $376.78.

Insider Buying and Selling

In other news, insider John Kent Walker sold 8,993 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 51,808 shares in the company, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the sale, the director directly owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 160,516 shares of company stock worth $7,344,604. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $367.46 on Monday. Alphabet Inc. has a 1 year low of $163.33 and a 1 year high of $404.47. The stock has a market capitalization of $4.45 trillion, a PE ratio of 28.03, a PEG ratio of 1.57 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a 50-day simple moving average of $364.31 and a 200-day simple moving average of $331.18.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.81 earnings per share. On average, analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued 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 yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Alphabet Company 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.