Petros Family Wealth LLC Trims Stock Holdings in Alphabet Inc. $GOOG

Petros Family Wealth LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 51.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,335 shares of the information services provider’s stock after selling 9,955 shares during the period. Alphabet accounts for approximately 1.9% of Petros Family Wealth LLC’s portfolio, making the stock its 12th biggest holding. Petros Family Wealth LLC’s holdings in Alphabet were worth $2,929,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new position in Alphabet in the 3rd quarter valued at about $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth about $32,000. Tripletail Wealth Management LLC purchased a new stake in shares of Alphabet during the third quarter worth about $40,000. Retirement Wealth Solutions LLC grew its holdings in shares of Alphabet by 145.0% during the third quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock worth $48,000 after buying an additional 116 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC raised its position in shares of Alphabet by 56.8% in the third quarter. Bay Harbor Wealth Management LLC now owns 218 shares of the information services provider’s stock valued at $53,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $286.71 on Wednesday. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a 50 day moving average price of $311.08 and a 200 day moving average price of $296.33. The company has a market cap of $3.47 trillion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.60 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.23. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. Alphabet’s revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s payout ratio is 7.77%.

Insider Activity

In other news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the transaction, the director directly owned 18,418 shares of the company’s stock, valued at $5,580,469.82. The trade was a 0.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 955 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the sale, the chief accounting officer owned 9,918 shares of the company’s stock, valued at $2,955,564. The trade was a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,092,234 shares of company stock valued at $112,487,971 in the last 90 days. 12.99% of the stock is owned by corporate insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced Veo 3.1 Lite, a lower‑cost video AI model (same speed as Veo 3.1 Fast but at roughly half the cost) — this can broaden developer adoption, increase Google Cloud inference volume and improve monetization of AI services. Article Title
• Positive Sentiment: Alphabet rolled out Lyria 3 Pro for longer AI‑generated music tracks (up to 3 minutes), expanding its creative AI product stack and potential content‑creation revenue/use cases. Article Title
• Positive Sentiment: Wall Street remains constructive on Alphabet’s AI/cloud opportunity: analysts highlight strong cloud growth, big backlog and high price targets — supportive background for multiple‑quarter upside. Article Title
• Neutral Sentiment: Google researchers published a paper showing quantum computers may reduce resources needed to break ECDLP‑256 (bitcoin encryption) by ~20x — underscores Google’s R&D leadership but has limited direct revenue impact for Alphabet. Article Title
• Neutral Sentiment: GOOG’s weight in major ETFs (QQQ, VTI, VOO) means passive/ETF flows amplify moves — gains in broader tech/AI names helped bid the stock. Article Title
• Negative Sentiment: Legal/regulatory headlines remain a drag: coverage of a social‑media addiction verdict and related lawsuits has created headline risk and prompted caution among some investors (appeals expected). Article Title Article Title
• Negative Sentiment: Publishers reported traffic/margin pressure from Google search changes (e.g., Future Plc margin warning), highlighting potential downstream ad‑revenue and partnership frictions. Article Title
• Negative Sentiment: Regulatory scrutiny continues globally (e.g., Indonesian summons over child social media curbs), a reminder of policy risks that can create episodic volatility. Article Title

Analysts Set New Price Targets

Several brokerages recently issued reports on GOOG. BMO Capital Markets reissued an “outperform” rating and set a $400.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $365.00 target price on shares of Alphabet in a research note on Monday, January 5th. Raymond James Financial upgraded Alphabet from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $315.00 to $400.00 in a report on Thursday, January 22nd. Pivotal Research reissued a “buy” rating and set a $420.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, February 5th. Finally, Wells Fargo & Company upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $345.71.

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.