Legacy Edge Advisors LLC Purchases New Holdings in Alphabet Inc. $GOOG

Legacy Edge Advisors LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 6,816 shares of the information services provider’s stock, valued at approximately $2,139,000.

Other hedge funds also recently modified their holdings of the company. Imprint Wealth LLC bought 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 approximately $32,000. Nvest Wealth Strategies Inc. bought a new position in Alphabet in the fourth quarter valued at approximately $38,000. Towne Trust Company N.A raised its position in Alphabet by 34.0% during the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. Finally, Lynch Asset Management Inc. acquired a new position in Alphabet during the third quarter valued at approximately $61,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $383.82 on Wednesday. Alphabet Inc. has a one year low of $157.58 and a one year high of $398.37. The company has a market cap of $4.65 trillion, a PE ratio of 29.28, a P/E/G ratio of 1.58 and a beta of 1.25. The stock has a 50-day moving average of $321.91 and a 200-day moving average of $314.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.81 EPS. On average, equities research analysts predict that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s payout ratio is currently 6.41%.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total value of $9,859,850.00. Following the completion of the sale, the chief executive officer owned 1,674,560 shares of the company’s stock, valued at approximately $508,028,012.80. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 955 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction 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. This trade represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 158,553 shares of company stock valued at $47,951,856 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DZ Bank upgraded Alphabet to a “strong-buy” rating in a research note on Monday, February 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $370.00 price objective on shares of Alphabet in a research note on Tuesday, January 20th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Alphabet in a research report on Tuesday, January 20th. Piper Sandler reissued an “overweight” rating and issued a $395.00 target price on shares of Alphabet in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Alphabet from $395.00 to $460.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $362.73.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is leaning harder into AI across Android, unveiling Gemini-powered features that can handle more multi-step tasks, plus new “Googlebooks” AI-native laptops and other ecosystem upgrades. That reinforces Alphabet’s AI growth narrative and could help drive more usage across Search, Android, and Chrome. Everything Google announced at its Android Show, from Googlebooks to vibe-coded widgets
• Positive Sentiment: Alphabet is reportedly in advanced talks with SpaceX to explore orbital data centers, a potentially ambitious expansion of its cloud and AI infrastructure strategy. Investors appear to be reading this as another signal that Google is pushing aggressively to stay ahead in next-generation compute. SpaceX, Google in Talks to Explore Data Centers in Orbit
• Positive Sentiment: Google also expanded its commerce ecosystem by integrating Affirm pay-over-time options into Gemini and Search via Google Pay, which could improve conversion rates and strengthen monetization in AI-driven shopping. Affirm Brings Pay-Over-Time Options to Google AI Platforms
• Positive Sentiment: Alphabet continues to benefit from strong analyst sentiment after its latest quarter, with multiple buy ratings and price targets clustered above current levels, reflecting confidence in cloud growth and AI monetization. Alphabet Stock (GOOG) Opinions on SpaceX Orbital Data Centers Talks
• Neutral Sentiment: Google’s Threat Intelligence Group said it thwarted an AI-enabled hacking effort, highlighting both its cybersecurity capabilities and the growing risk of AI-powered attacks. The news is important operationally, but its stock impact is likely limited unless it leads to broader enterprise-security adoption. Hackers pushing innovation in AI-enabled hacking operations, Google says
• Neutral Sentiment: Alphabet is planning to tap debt markets, including a possible first yen bond sale, to fund its heavy AI infrastructure spending. That supports long-term growth ambitions, but it also raises near-term questions about capex intensity and returns on investment. Alphabet considers first yen bond sale to fund AI goals
• Negative Sentiment: Reuters reported that Google offered changes to its spam policy in an effort to avoid an EU antitrust fine. While not necessarily a major financial hit, the development keeps regulatory pressure on Alphabet in focus. Alphabet Inc.’s (GOOG) Google Offers Spam Policy Changes to Avert EU Antitrust Fine, Reuters Reports

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.