Live Oak Private Wealth LLC Has $15.46 Million Position in Alphabet Inc. $GOOGL

Live Oak Private Wealth LLC decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 18.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,758 shares of the information services provider’s stock after selling 12,246 shares during the quarter. Alphabet makes up approximately 2.2% of Live Oak Private Wealth LLC’s portfolio, making the stock its 10th biggest position. Live Oak Private Wealth LLC’s holdings in Alphabet were worth $15,459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its position in Alphabet by 45.8% during the 1st quarter. Blue Trust Inc. now owns 61,638 shares of the information services provider’s stock worth $17,725,000 after acquiring an additional 19,352 shares during the last quarter. C2C Wealth Management LLC raised its position in Alphabet by 5.3% in the first quarter. C2C Wealth Management LLC now owns 1,477 shares of the information services provider’s stock valued at $425,000 after purchasing an additional 75 shares during the last quarter. Boyd Wealth Management LLC boosted its stake in shares of Alphabet by 9.3% during the first quarter. Boyd Wealth Management LLC now owns 1,783 shares of the information services provider’s stock valued at $513,000 after purchasing an additional 151 shares in the last quarter. RFG Advisory LLC boosted its stake in shares of Alphabet by 3.9% during the first quarter. RFG Advisory LLC now owns 74,836 shares of the information services provider’s stock valued at $21,520,000 after purchasing an additional 2,838 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in shares of Alphabet by 3.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 238,780 shares of the information services provider’s stock worth $68,663,000 after purchasing an additional 9,069 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Marsida Saraci sold 449 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the sale, the chief accounting officer directly owned 27,348 shares in the company, valued at $9,345,358.56. This trade represents a 1.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 151,972 shares of company stock valued at $5,016,958 over the last 90 days. 11.61% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of GOOGL stock opened at $353.55 on Tuesday. The business’s 50 day simple moving average is $369.30 and its 200 day simple moving average is $333.27. Alphabet Inc. has a one year low of $172.77 and a one year high of $408.61. The stock has a market capitalization of $4.28 trillion, a PE ratio of 26.97, a PEG ratio of 1.44 and a beta of 1.23. 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:GOOGL) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. As a group, research analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio is currently 6.71%.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet officially joined the Dow Jones Industrial Average, replacing Verizon, which has sparked broad investor buying and index-fund demand. Reuters: Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
• Positive Sentiment: Several reports note Alphabet’s stock rose on the Dow debut, reflecting renewed investor enthusiasm and momentum around the company’s large-cap tech and AI position. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions
• Positive Sentiment: Jefferies reiterated a Buy rating on Alphabet with a $445 price target, suggesting Wall Street still sees meaningful upside despite the recent pullback. Yahoo Finance: Jefferies Maintain a Buy Rating on Alphabet (GOOGL)
• Neutral Sentiment: Alphabet also gained attention from fresh coverage highlighting its cloud and AI partnerships, including Google Cloud’s collaboration with the Philippine government on AI agents for public services. Yahoo Finance: Alphabet’s Google Cloud Partners with Philippine Government to Deploy AI Agents in Public Services
• Neutral Sentiment: Investors are also weighing concerns that strong AI demand is being constrained by limited compute capacity, which may cap near-term growth even as demand remains high. Reuters: Google limits Meta’s use of its Gemini AI models, FT reports
• Negative Sentiment: Some articles point out that Alphabet has been under pressure recently due to AI-spending concerns and broader weakness in big tech, so the Dow inclusion may be helping offset a weak monthly trend. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent research reports. Citigroup reaffirmed an “outperform” rating on shares of Alphabet in a research note on Monday, May 4th. Morgan Stanley boosted their target price on shares of Alphabet from $330.00 to $375.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Rosenblatt Securities restated a “neutral” rating and issued a $393.00 price target on shares of Alphabet in a research report on Thursday, May 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, May 4th. Finally, Arete Research lifted their price target on shares of Alphabet from $405.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $413.13.

About Alphabet

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.