Alphabet Inc. $GOOG Shares Purchased by Gibbs Wealth Management

Gibbs Wealth Management increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 74.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,207 shares of the information services provider’s stock after buying an additional 9,050 shares during the period. Alphabet comprises 0.8% of Gibbs Wealth Management’s portfolio, making the stock its 25th largest holding. Gibbs Wealth Management’s holdings in Alphabet were worth $6,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Imprint Wealth LLC acquired a new stake in Alphabet in the third quarter valued at $31,000. Nvest Wealth Strategies Inc. acquired a new position in Alphabet during the fourth quarter worth about $38,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. Bard Associates Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $41,000. Finally, Towne Trust Company N.A lifted its stake in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $420.00 price objective (down from $435.00) on shares of Alphabet in a research report on Thursday. Morgan Stanley dropped their price objective on Alphabet from $415.00 to $400.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group reissued a “neutral” rating and issued a $379.00 target price (down from $400.00) on shares of Alphabet in a research note on Thursday. Truist Financial reduced their target price on shares of Alphabet from $430.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Alphabet in a research note on Thursday. Six research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Alphabet currently has an average rating of “Buy” and a consensus price target of $410.09.

Alphabet Price Performance

GOOG stock opened at $319.09 on Monday. The stock has a market capitalization of $3.87 trillion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 52-week low of $188.70 and a 52-week high of $404.47. The stock’s fifty day simple moving average is $360.63 and its 200-day simple moving average is $337.53.

Alphabet (NASDAQ:GOOG) last released its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 EPS for the quarter, beating the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The firm had revenue of $119.80 billion during the quarter, compared to analyst estimates of $116.53 billion. During the same period in the prior year, the firm posted $2.31 earnings per share. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. Equities research analysts expect that Alphabet Inc. will post 17.25 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 4.42%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet posted a strong Q2 beat, with revenue and EPS coming in ahead of expectations, while Google Cloud revenue surged 82% and cloud margins improved sharply.
• Positive Sentiment: AI and product demand remain strong, with management saying AI usage is rising across Search, Cloud, and Gemini, supporting the long-term growth story.
• Positive Sentiment: Several analysts reiterated bullish views or raised targets, and multiple commentary pieces argued the stock looks attractive after the pullback.
• Positive Sentiment: Verizon signed a deal worth more than $1 billion with Google for dark fiber connectivity, adding another sign of infrastructure demand tied to Alphabet’s data-center buildout. Article Title
• Neutral Sentiment: Waymo is reportedly considering ending its Uber partnership, which could affect how quickly Alphabet’s robotaxi business scales, but the direct financial impact is still unclear. Article Title
• Neutral Sentiment: Alphabet also disclosed a large SpaceX stake and saw some institutional holders trim positions, but these items are secondary to the main debate over AI spending and cash flow.
• Negative Sentiment: Investors were unnerved by Alphabet’s higher CapEx guidance and negative free cash flow, which raised concerns that AI spending may be outpacing near-term returns.
• Negative Sentiment: Alphabet was also hit by an EU antitrust fine of about $1 billion, adding another regulatory overhang. Article Title
• Negative Sentiment: Moody’s warned that the industry-wide AI buildout could threaten credit quality at Alphabet and other hyperscalers, reinforcing concerns about balance-sheet strain from heavy infrastructure investment. Article Title

Insider Activity

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total transaction of $39,343.36. Following the completion of the transaction, the director owned 18,833 shares in the company, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,415 shares of company stock valued at $7,672,279 in the last ninety days. 12.99% of the stock is owned by company insiders.

Alphabet Profile

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.