NewEdge Wealth LLC Buys 93,293 Shares of Alphabet Inc. $GOOGL

NewEdge Wealth LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 11.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 887,209 shares of the information services provider’s stock after buying an additional 93,293 shares during the period. Alphabet makes up 3.1% of NewEdge Wealth LLC’s portfolio, making the stock its 5th largest holding. NewEdge Wealth LLC’s holdings in Alphabet were worth $277,696,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. PMV Capital Advisers LLC acquired a new position in Alphabet in the 4th quarter valued at about $38,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Alphabet in the 3rd quarter valued at about $53,000. Kentucky Trust Co grew its stake in Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after buying an additional 100 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in Alphabet in the 3rd quarter valued at about $53,000. Finally, Sellwood Investment Partners LLC acquired a new position in Alphabet in the 3rd quarter valued at about $63,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is testing Gemini-powered Search ads, including conversational and contextual ad formats that could improve monetization and help offset concerns that AI search may weaken its core advertising model.
• Positive Sentiment: Google and CrowdStrike helped take down a botnet targeting open-source software developers, reinforcing Alphabet’s cybersecurity capabilities and its role in defending the broader internet ecosystem.
• Positive Sentiment: Reports around Google I/O and Alphabet’s broader AI lineup, including new Gemini features and AI search tools, suggest the company is still aggressively innovating to defend its leadership in search and advertising.
• Neutral Sentiment: Google’s $15 billion Missouri AI data hub investment highlights long-term infrastructure spending to support AI growth, but the near-term stock impact is likely limited.
• Neutral Sentiment: Alphabet has drawn market focus from traders and analysts, with prediction-market activity suggesting shares may stay near current levels in the short term.
• Negative Sentiment: DuckDuckGo reported rising installs as some users respond negatively to Google’s AI Search overhaul, raising investor concerns that the redesign could push a portion of users toward competitors.
• Negative Sentiment: CEO Sundar Pichai acknowledged that one Google AI Search result was “more opinionated than it should be,” underscoring the risk of AI accuracy issues and potential user trust problems.
• Negative Sentiment: Federal prosecutors charged a Google employee with insider trading tied to Polymarket bets, creating a reputational overhang even though the case appears to involve an individual employee rather than core business operations.

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 102 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total transaction of $37,842.00. Following the sale, the director directly owned 18,621 shares of the company’s stock, valued at approximately $6,908,391. This trade represents a 0.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 226,481 shares of company stock worth $27,422,061 in the last 90 days. Corporate insiders own 11.61% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $388.83 on Thursday. 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 company has a market capitalization of $4.71 trillion, a P/E ratio of 29.66, a P/E/G ratio of 1.66 and a beta of 1.26. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61. The firm has a 50-day moving average price of $342.73 and a two-hundred day moving average price of $323.73.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The company 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 dividend of $0.22 per share. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s payout ratio is currently 6.41%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GOOGL. CICC Research upped their price target on shares of Alphabet from $388.00 to $407.91 and gave the company an “outperform” rating in a research note on Friday, May 1st. Rothschild & Co Redburn upped their price target on shares of Alphabet from $390.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Oppenheimer upped their price target on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Susquehanna reiterated a “positive” rating and issued a $460.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Finally, Arete Research boosted their price objective on shares of Alphabet from $405.00 to $425.00 and gave the company a “buy” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $412.65.

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.