Maridea Wealth Management LLC Grows Stock Holdings in Alphabet Inc. $GOOG

Maridea Wealth Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,360 shares of the information services provider’s stock after purchasing an additional 2,615 shares during the period. Alphabet makes up approximately 1.6% of Maridea Wealth Management LLC’s holdings, making the stock its 8th biggest position. Maridea Wealth Management LLC’s holdings in Alphabet were worth $11,004,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Worldquant Millennium Advisors LLC grew its holdings in shares of Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock worth $330,886,000 after acquiring an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Alphabet during the second quarter worth $658,000. Financial Advisors Network Inc. raised its position in shares of Alphabet by 7.7% during the second quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider’s stock worth $1,409,000 after purchasing an additional 565 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its holdings in shares of Alphabet by 10.7% during the second quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock valued at $6,618,000 after purchasing an additional 3,616 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of GOOG stock opened at $351.28 on Tuesday. Alphabet Inc. has a fifty-two week low of $173.88 and a fifty-two week high of $404.47. The stock’s 50-day moving average is $366.70 and its two-hundred day moving average is $332.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market cap of $4.26 trillion, a P/E ratio of 26.79, a PEG ratio of 1.43 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.81 EPS. Analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, June 8th. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet’s payout ratio is 6.71%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on GOOG shares. Scotiabank reiterated an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on Alphabet from $395.00 to $460.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a report on Monday, June 22nd. Phillip Securities downgraded shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. Finally, Oppenheimer boosted their price target on shares of Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Buy” and an average target price of $376.78.

Insider Activity

In other news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. This represents a 41.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 151,972 shares of company stock valued at $5,016,958. 12.99% of the stock is currently owned by company insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet officially debuted in the Dow, replacing Verizon, which is driving index-fund demand and signaling stronger institutional recognition for the stock. Reuters: Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
• Positive Sentiment: Multiple reports say Alphabet shares are getting a lift from the Dow addition and renewed enthusiasm for large-cap tech and AI exposure. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions
• Positive Sentiment: Analysts and market commentators view the recent pullback in big tech as a potential buying opportunity, especially given Alphabet’s strong cloud and AI momentum. 24/7 Wall St.: Dan Ives Says the $3 Trillion Tech Wipeout Is a Buying Opportunity. Here’s His Case
• Neutral Sentiment: News flow also points to strong AI demand at Google, including compute constraints and limited Gemini capacity, which supports long-term growth but may raise near-term execution concerns. Yahoo Finance: Google Limits Meta’s AI Access
• Neutral Sentiment: Separately, Waymo’s robotaxi pilot with Uber ended in Phoenix, but the vehicles will remain active for autonomous deliveries with DoorDash, limiting the immediate stock impact. CNBC: Waymo and Uber end robotaxi pilot in Phoenix
• Negative Sentiment: Some articles continue to highlight concerns about Alphabet’s aggressive AI spending, talent losses, and recent underperformance versus peers, which could cap upside if investors focus on margins. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions

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.