MOR Wealth Management LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,838 shares of the information services provider’s stock, valued at approximately $3,079,000. Alphabet comprises 1.4% of MOR Wealth Management LLC’s portfolio, making the stock its 18th biggest position.
A number of other hedge funds have also bought and sold shares of the business. Lifelong Wealth Advisors Inc. increased its position in shares of Alphabet by 1.9% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider’s stock valued at $541,000 after purchasing an additional 33 shares during the last quarter. Quantum Financial Advisors LLC boosted its holdings in shares of Alphabet by 0.3% in the 4th quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider’s stock worth $3,693,000 after buying an additional 34 shares during the last quarter. Delta Asset Management LLC TN increased its holdings in Alphabet by 0.6% during the third quarter. Delta Asset Management LLC TN now owns 6,153 shares of the information services provider’s stock worth $1,496,000 after buying an additional 37 shares during the last quarter. Second Line Capital LLC increased its holdings in Alphabet by 0.8% during the third quarter. Second Line Capital LLC now owns 4,417 shares of the information services provider’s stock worth $1,074,000 after buying an additional 37 shares during the last quarter. Finally, Wolff Wiese Magana LLC raised its position in Alphabet by 0.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 7,615 shares of the information services provider’s stock worth $2,384,000 after acquiring an additional 37 shares during the period. 40.03% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Alphabet news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director owned 4,631 shares of the company’s stock, valued at $1,405,091.71. The trade was a 18.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,101,844 shares of company stock worth $115,147,751 in the last 90 days. 11.64% of the stock is owned by company insiders.
Alphabet Stock Performance
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. As a group, analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s dividend payout ratio is 7.77%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on GOOGL. The Goldman Sachs Group reissued a “buy” rating and set a $375.00 target price (up from $330.00) on shares of Alphabet in a research report on Tuesday, January 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $395.00 price target (up from $346.00) on shares of Alphabet in a report on Thursday, February 5th. Sanford C. Bernstein upped their price objective on Alphabet from $305.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, February 2nd. Raymond James Financial raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday. Three research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $367.33.
View Our Latest Research Report on Alphabet
Trending Headlines about Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Analysts remain constructive — Wells Fargo kept an overweight rating (while trimming targets), and other outlets highlight Buy/Outperform views that point to meaningful upside from cloud/AI monetization. Wells Fargo Raised the PT on Alphabet Inc (GOOGL), Maintains a Buy Rating
- Positive Sentiment: Product/efficiency wins: Google’s Gemma 4 and the TurboQuant algorithm reduce model memory needs and improve on‑device/model efficiency — strengthens competitive moat and could lower operating costs for AI services. Google’s Gemma 4 brings AI superpowers to your device Google’s TurboQuant Breakthrough Just Rewrote the AI Playbook
- Positive Sentiment: Fundamental/earnings confidence: coverage from Zacks and others flags Alphabet’s earnings growth and price strength as reasons to watch the stock heading into earnings season. Earnings Growth & Price Strength Make Alphabet (GOOGL) a Stock to Watch
- Neutral Sentiment: Talent movement: Broadcom named Alphabet executive Amie Thuener as its next CFO — notable departure to monitor but not an immediate earnings event. Broadcom taps Alphabet executive Amie Thuener as next CFO
- Negative Sentiment: Regulatory probe in Turkey: the Turkish Competition Board opened an investigation into Google’s advertising and billing practices — potential fines, business restrictions or remediation costs could hit ad revenue/operations in the region. Turkey launches investigation into Google over advertising, billing practices
- Negative Sentiment: Legal risk rises as Section 230 liability narrows: recent court losses for platforms (including YouTube/Google units) increase the probability of costly litigation and moderation compliance burdens. Meta, Google under attack as court cases bypass 30-year-old legal shield
- Negative Sentiment: Near‑term cash‑flow and capex concern: industry commentary warns that hyperscaler AI capex could push Google’s free cash flow toward zero next year — elevates execution and financing risk until monetization of AI investments scales. Semianalysis CEO: Google’s free cash flow will hit zero next year from AI capex
- Negative Sentiment: Operational/ESG risk from data‑center power strategy: reporting that hyperscalers (including Google) are building large natural‑gas plants to power AI centers raises reputational, regulatory and long‑term transition risks. AI companies are building huge natural gas plants to power data centers. What could go wrong?
- Negative Sentiment: Insider selling: an SEC filing shows a senior exec sold ~9k shares in late March — modest in dollar terms but can be read negatively by short‑term traders. Insider Selling: Alphabet (NASDAQ:GOOGL) Insider Sells 8,993 Shares of Stock
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.
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