Triad Wealth Partners LLC Boosts Stock Position in Alphabet Inc. $GOOG

Triad Wealth Partners LLC increased its position in Alphabet Inc. (NASDAQ:GOOG) by 25.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,617 shares of the information services provider’s stock after buying an additional 3,958 shares during the period. Triad Wealth Partners LLC’s holdings in Alphabet were worth $5,627,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of GOOG. Quotient Wealth Partners LLC lifted its position in Alphabet by 5.5% during the first quarter. Quotient Wealth Partners LLC now owns 19,012 shares of the information services provider’s stock worth $5,454,000 after buying an additional 986 shares during the period. Kavar Capital Partners Group LLC grew its stake in shares of Alphabet by 0.7% during the 1st quarter. Kavar Capital Partners Group LLC now owns 5,825 shares of the information services provider’s stock valued at $1,671,000 after buying an additional 39 shares during the period. BlueSky Wealth Advisors LLC grew its stake in shares of Alphabet by 3.3% during the 1st quarter. BlueSky Wealth Advisors LLC now owns 30,238 shares of the information services provider’s stock valued at $8,674,000 after buying an additional 953 shares during the period. Park National Corp OH increased its holdings in shares of Alphabet by 113.2% during the 1st quarter. Park National Corp OH now owns 17,166 shares of the information services provider’s stock worth $4,924,000 after buying an additional 9,114 shares during the last quarter. Finally, Uhlmann Price Securities LLC increased its holdings in shares of Alphabet by 48.5% during the 1st quarter. Uhlmann Price Securities LLC now owns 18,512 shares of the information services provider’s stock worth $5,326,000 after buying an additional 6,049 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 617 shares of Alphabet stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the transaction, the director directly owned 18,721 shares in the company, valued at approximately $7,132,701. The trade was a 0.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 160,516 shares of company stock worth $7,344,604 over the last 90 days. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Down 5.1%

NASDAQ:GOOG opened at $348.78 on Tuesday. The business’s 50-day moving average is $364.96 and its two-hundred day moving average is $331.41. The firm has a market capitalization of $4.23 trillion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. 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 (NASDAQ:GOOG) last issued its 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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the prior year, the business earned $2.81 earnings per share. The company’s revenue was up 21.8% compared to the same quarter last year. Research analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given 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 was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s dividend payout ratio is presently 6.71%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. KeyCorp reiterated an “overweight” rating on shares of Alphabet in a report on Wednesday, May 20th. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a report on Thursday, May 21st. Truist Financial set a $430.00 price objective on Alphabet in a research note on Monday, June 1st. Stifel Nicolaus set a $420.00 target price on Alphabet in a report on Wednesday, May 20th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $435.00 target price on shares of Alphabet in a research report on Tuesday, June 2nd. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $376.78.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Negative Sentiment: Key AI researchers have left Alphabet for competitors, intensifying worries that the company is losing critical talent needed to lead in generative AI. Reuters: Google DeepMind signs AI research deal with film studio A24
• Negative Sentiment: Investors are also worried that Alphabet’s aggressive AI spending plans, including a large equity raise to fund infrastructure and compute, could dilute shareholders and pressure free cash flow. Quiver Quantitative: Alphabet Slides as AI Funding Plan Fuels Dilution Worries
• Neutral Sentiment: Alphabet also announced a $75 million AI research partnership with A24, showing it is still investing in new AI use cases, but this was overshadowed by the talent-loss narrative. TechCrunch: Google DeepMind bets $75M on AI’s future in Hollywood with A24 deal
• Neutral Sentiment: Recent fundamentals remain strong, with Alphabet’s latest quarter beating expectations on both earnings and revenue, which helps offset some of the negative sentiment. Alphabet stock page

About Alphabet

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.