Cowa LLC Purchases New Shares in Alphabet Inc. $GOOG

Cowa LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,439 shares of the information services provider’s stock, valued at approximately $451,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ring Mountain Capital LLC grew its position in Alphabet by 0.9% during the fourth quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider’s stock valued at $1,174,000 after buying an additional 30 shares during the period. Cannon Financial Strategists Inc. grew its position in Alphabet by 1.9% during the fourth quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider’s stock valued at $499,000 after buying an additional 30 shares during the period. HRC Wealth Management LLC grew its position in Alphabet by 1.0% during the fourth quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider’s stock valued at $1,014,000 after buying an additional 31 shares during the period. Certior Financial Group LLC grew its position in Alphabet by 3.5% during the fourth quarter. Certior Financial Group LLC now owns 919 shares of the information services provider’s stock valued at $288,000 after buying an additional 31 shares during the period. Finally, Synergy Investment Management LLC grew its position in Alphabet by 0.8% during the fourth quarter. Synergy Investment Management LLC now owns 4,124 shares of the information services provider’s stock valued at $1,294,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $356.56 on Friday. The company’s 50-day moving average price is $356.44 and its 200-day moving average price is $329.24. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company has a market cap of $4.32 trillion, a P/E ratio of 27.20, a P/E/G ratio of 1.51 and a beta of 1.22. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47.

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

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet’s payout ratio is 6.71%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet shareholders approved an expansion of the company’s stock plan and re-elected the board, a routine but shareholder-friendly governance update that signals continuity and support for management. Alphabet Shareholders Approve Stock Plan Expansion, Reelect Board
• Positive Sentiment: Waymo, Alphabet’s self-driving unit, launched a $29.99 monthly “Premier” subscription and added perks like cash back and free cancellations, suggesting Alphabet is still pushing to monetize robotaxi demand in high-usage markets. Waymo launches premier subscription tier
• Positive Sentiment: Alphabet is expanding its AI footprint through new Google chip plans and continued infrastructure support for Anthropic, reinforcing the view that Google Cloud and its AI ecosystem could benefit from long-term demand. Google in talks with Samsung to make next-generation chips
• Positive Sentiment: Several reports highlighted bullish analyst and investor sentiment, including higher earnings estimates and Alphabet’s continued status as a favored large-cap AI name. Analyst estimate updates and AI-stock commentary
• Neutral Sentiment: Google said it identified an active cyber extortion campaign targeting Oracle PeopleSoft users via a ShinyHunters exploit; the issue appears to be a threat-intelligence update rather than a direct breach of Alphabet systems. Google says ShinyHunters hackers targeting education sector via Oracle exploit
• Neutral Sentiment: Alphabet’s Gemini and AI Overview products drew more scrutiny, including reports of search/AI controversy and temporary Workspace AI errors, which may keep debate alive around product quality and AI monetization. Google Stock Drops as AI Overview Faces Fresh Controversy
• Negative Sentiment: Investor concern remains centered on heavy capex and how quickly Alphabet can turn AI spending into durable revenue, especially as some commentary questioned search monetization and data-center economics. Alphabet Stock Opinions on Capital Raise and AI Challenges
• Negative Sentiment: A California judge denied a new trial in the youth social media addiction case involving YouTube, leaving Alphabet exposed to ongoing legal and reputational risk. Meta and Google denied new trial after landmark verdict

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the transaction, the chief executive officer directly owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 8,993 shares of Alphabet stock in a transaction dated 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 transaction, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 193,016 shares of company stock valued at $17,282,549. Company insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen lifted their target price on shares of Alphabet from $450.00 to $475.00 and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC set a $400.00 target price on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, March 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 target price on shares of Alphabet in a research report on Thursday, May 21st. Finally, Phillip Securities lowered shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $376.78.

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.