Meridian Wealth Management LLC Sells 2,198 Shares of Alphabet Inc. $GOOG

Meridian Wealth Management LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,616 shares of the information services provider’s stock after selling 2,198 shares during the period. Alphabet makes up about 1.1% of Meridian Wealth Management LLC’s holdings, making the stock its 15th biggest position. Meridian Wealth Management LLC’s holdings in Alphabet were worth $31,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GOOG. Imprint Wealth LLC bought a new stake in shares of Alphabet in the third quarter valued at approximately $31,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $38,000. Towne Trust Company N.A raised its position in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 34 shares during the period. Winnow Wealth LLC bought a new stake in shares of Alphabet in the third quarter valued at approximately $63,000. Finally, CBIZ Investment Advisory Services LLC raised its position in shares of Alphabet by 29.0% in the third quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider’s stock valued at $63,000 after purchasing an additional 58 shares during the period. Institutional investors own 27.26% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google I/O 2026 highlighted new AI products, smarter Search, Gemini upgrades, AI ad tools, and agentic features that could boost Alphabet’s monetization across ads, cloud, and consumer services.
• Positive Sentiment: Bank of America, UBS and other analysts reiterated bullish views after the AI showcase, reinforcing confidence that Alphabet can turn AI adoption into revenue growth.
• Positive Sentiment: Alphabet’s new financing and infrastructure moves, including the yen note sale and Missouri data-center investment, support long-term AI capacity expansion.
• Neutral Sentiment: Alphabet continues to receive mixed commentary around valuation and market expectations after a sharp rally, which may limit near-term upside.
• Negative Sentiment: Waymo suspended freeway robotaxi rides and paused Atlanta operations while fixing safety issues in construction zones and flooded roads, creating headline risk for Alphabet.
• Negative Sentiment: Fresh insider selling by a director and additional regulatory/labor complaints in Europe add some short-term pressure and sentiment risk.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Freedom Capital lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Piper Sandler reissued an “overweight” rating and issued a $395.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Needham & Company LLC set a $400.00 target price on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, March 13th. Finally, TD Cowen reiterated a “buy” rating on shares of Alphabet in a research note on Thursday. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $372.65.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the transaction, the director owned 4,631 shares of the company’s stock, valued at $1,405,091.71. This represents a 18.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 8,993 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. The trade was a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 226,481 shares of company stock worth $27,422,061. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Down 0.4%

GOOG opened at $383.47 on Friday. The company has a fifty day moving average price of $334.12 and a 200-day moving average price of $320.40. The firm has a market capitalization of $4.65 trillion, a P/E ratio of 29.25, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a one year low of $163.33 and a one year high of $404.47.

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. The firm had revenue of $109.90 billion during 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 revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.81 EPS. Equities research analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

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.