Athena Wealth Management LLC Acquires 1,817 Shares of Alphabet Inc. $GOOGL

Athena Wealth Management LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 47.4% in the first quarter, HoldingsChannel.com reports. The firm owned 5,647 shares of the information services provider’s stock after purchasing an additional 1,817 shares during the period. Alphabet comprises about 1.3% of Athena Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Athena Wealth Management LLC’s holdings in Alphabet were worth $1,624,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Discipline Wealth Solutions LLC raised its position in Alphabet by 5.8% in the 1st quarter. Discipline Wealth Solutions LLC now owns 4,797 shares of the information services provider’s stock valued at $1,380,000 after buying an additional 264 shares during the last quarter. Viewpoint Capital Management LLC lifted its stake in Alphabet by 1.5% during the 1st quarter. Viewpoint Capital Management LLC now owns 5,026 shares of the information services provider’s stock valued at $1,445,000 after acquiring an additional 73 shares in the last quarter. Defined Wealth Management LLC boosted its holdings in Alphabet by 1.1% during the 1st quarter. Defined Wealth Management LLC now owns 3,171 shares of the information services provider’s stock worth $912,000 after acquiring an additional 34 shares during the last quarter. Outlook Wealth Advisors LLC grew its stake in shares of Alphabet by 0.6% in the 1st quarter. Outlook Wealth Advisors LLC now owns 11,015 shares of the information services provider’s stock worth $3,168,000 after acquiring an additional 71 shares in the last quarter. Finally, Summit Wealth Partners LLC raised its holdings in shares of Alphabet by 406.4% in the first quarter. Summit Wealth Partners LLC now owns 8,320 shares of the information services provider’s stock valued at $2,392,000 after purchasing an additional 6,677 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $337.39 on Friday. Alphabet Inc. has a 52-week low of $171.73 and a 52-week high of $408.61. The company has a fifty day moving average of $368.94 and a 200-day moving average of $332.88. The company has a market capitalization of $4.09 trillion, a P/E ratio of 25.74, a P/E/G ratio of 1.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

Alphabet (NASDAQ:GOOGL) last announced 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 company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, equities research analysts predict that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm 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 an increase 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 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is 6.71%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Some analysts remain constructive on Alphabet’s growth outlook, pointing to rising advertising revenue and AI-driven ad tools as support for further upside. Alphabet Benefits From Rising Advertising Revenues: More Upside Ahead?
• Positive Sentiment: Reports that Alphabet is joining the Dow were viewed as a sign of prestige and long-term institutional support for the stock. Google Parent Alphabet Is Joining the Dow. Time to Buy?
• Positive Sentiment: Apple is reportedly paying Alphabet about $1 billion a year to use Gemini in Siri, highlighting another monetization path for Google’s AI platform even if the deal is smaller than Google’s search-payment arrangement with Apple. Apple Is Paying Google $1 Billion a Year for AI. Here’s Who the Real Winner Is.
• Neutral Sentiment: Wedbush said the recent sell-off in major AI names looks more like short-term investor impatience than a breakdown in the AI trade, suggesting the broader pullback may be a buying opportunity. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
• Neutral Sentiment: Google Finance launched a new app and upgraded portfolio-tracking features, which improve the product offering but are unlikely to move the stock on their own. Google Finance Debuts App and Investment Tracking Capabilities
• Negative Sentiment: Alphabet is facing renewed concern over AI talent departures, including reports of senior researchers leaving for rivals such as Anthropic and OpenAI, which raises questions about execution in Gemini and its broader AI strategy. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Google is also drawing criticism for tougher negotiations with publishers over AI content access, potentially worsening relations with media partners already seeing traffic declines from AI search changes. Google looks to bleed publishers with new AI partnerships that would cull their content
• Negative Sentiment: Multiple reports say AI-focused stocks, including Alphabet, are under pressure as investors question whether the “all-in on AI” trade has gone too far in the near term. PLTR, GOOG and MSFT Forecasts – AI Names Struggling at the Moment

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 102 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the transaction, the director directly owned 18,721 shares in the company, valued at approximately $7,132,701. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The SEC filing for this sale provides additional information. Insiders have sold 151,523 shares of company stock valued at $4,863,526 over the last ninety days. Insiders own 11.61% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Monday, April 20th. Mizuho lifted their price target on Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating and issued a $445.00 price objective (up from $425.00) on shares of Alphabet in a research report on Monday, June 1st. HSBC restated a “buy” rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research note on Tuesday, June 2nd. Finally, Loop Capital raised their target price on Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

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.