Wealth Preservation Advisors LLC Sells 1,588 Shares of Alphabet Inc. $GOOG

Wealth Preservation Advisors LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 1.6% during the 4th quarter, Holdings Channel reports. The firm owned 99,833 shares of the information services provider’s stock after selling 1,588 shares during the quarter. Alphabet makes up approximately 15.8% of Wealth Preservation Advisors LLC’s investment portfolio, making the stock its largest position. Wealth Preservation Advisors LLC’s holdings in Alphabet were worth $31,328,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Kera Capital Partners Inc. increased its stake in shares of Alphabet by 3.1% during the fourth quarter. Kera Capital Partners Inc. now owns 37,166 shares of the information services provider’s stock worth $12,582,000 after purchasing an additional 1,108 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in Alphabet during the 4th quarter worth $321,000. Blue Capital Inc. acquired a new stake in Alphabet during the 4th quarter worth $2,823,000. MV Capital Management Inc. acquired a new stake in Alphabet during the 4th quarter worth $5,555,000. Finally, Framtiden Holdings Management Co LLC purchased a new stake in shares of Alphabet during the fourth quarter worth $15,721,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In other news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the sale, the director directly owned 2,531 shares of the company’s stock, valued at approximately $995,341.06. The trade was a 29.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 617 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares in the company, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 160,516 shares of company stock valued at $7,344,604 over the last three months. Company insiders own 12.99% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to draw bullish attention as investors highlight accelerating Google Cloud growth, improving margins, and a very large backlog that suggests strong demand for AI and cloud services. Alphabet: Google Cloud Is Outperforming Azure And AWS; $462 Billion Backlog Requires More AI Investments
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake significantly, which is being read as a strong vote of confidence in GOOG’s long-term outlook. Berkshire Hathaway Expands Alphabet (GOOGL) Stake to 58M Shares as Ackman Exits
• Positive Sentiment: Alphabet’s major AI and data-center investments, including a reported $1.5 billion Alabama campus expansion and broader capex plans, are supporting the view that the company is buying future growth. Alphabet (GOOGL) Announces $1.5 Billion Investment Across 2026 And 2027 To Expand Its Alabama Data Center Campus

Analyst Ratings Changes

GOOG has been the subject of a number of recent research reports. Oppenheimer increased their target price on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. The Goldman Sachs Group restated a “buy” rating and set a $450.00 price target on shares of Alphabet in a research report on Thursday, May 21st. JPMorgan Chase & Co. increased their price objective on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Raymond James Financial reiterated a “strong-buy” rating and issued a $425.00 price objective on shares of Alphabet in a report on Thursday, April 30th. Finally, Freedom Capital cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $376.78.

Alphabet Stock Performance

Shares of Alphabet stock opened at $367.46 on Friday. The stock has a 50 day moving average of $364.31 and a 200 day moving average of $331.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $4.45 trillion, a price-to-earnings ratio of 28.03, a PEG ratio of 1.57 and a beta of 1.22. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its 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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. This is an increase from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s payout ratio is presently 6.71%.

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.