Income Insurance Ltd Makes New Investment in Alphabet Inc. $GOOG

Income Insurance Ltd purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 14,921 shares of the information services provider’s stock, valued at approximately $4,682,000. Alphabet makes up approximately 3.0% of Income Insurance Ltd’s portfolio, making the stock its 8th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Nvest Wealth Strategies Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $38,000. Imprint Wealth LLC bought a new position in shares of Alphabet during the 3rd quarter worth approximately $31,000. Manning & Napier Advisors LLC bought a new position in shares of Alphabet during the 3rd quarter worth approximately $32,000. Towne Trust Company N.A lifted its position in shares of Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after buying an additional 34 shares during the period. Finally, Creative Capital Management Investments LLC lifted its position in shares of Alphabet by 1,438.5% during the 4th quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock worth $63,000 after buying an additional 187 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google I/O 2026 showcased a major AI push across Search, Gemini, Chrome, Android, YouTube, and Workspace, reinforcing Alphabet’s leadership in AI monetization.
• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI cloud venture using Google’s TPU chips, which could expand Alphabet’s AI infrastructure business and strengthen its competitive moat.
• Positive Sentiment: Berkshire Hathaway reportedly increased its Alphabet stake again, signaling continued confidence from a major long-term investor.
• Neutral Sentiment: Wall Street commentary remains split between enthusiasm over Alphabet’s AI progress and caution after the stock’s sharp rally and elevated valuation.
• Negative Sentiment: A major shareholder disclosed additional Alphabet share sales, which may be adding modest short-term pressure as investors take profits after the recent move higher.

Analyst Ratings Changes

GOOG has been the subject of several analyst reports. BMO Capital Markets restated an “outperform” rating and set a $400.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Wednesday, April 15th. TD Cowen raised their target price on Alphabet from $375.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Needham & Company LLC set a $400.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, March 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $370.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Alphabet currently has an average rating of “Buy” and a consensus target price of $363.40.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 8,993 shares of the company’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 102 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00. Following the sale, the director owned 18,621 shares of the company’s stock, valued at $6,908,391. The trade was a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 226,481 shares of company stock worth $27,422,061. 12.99% of the stock is owned by company insiders.

Alphabet Trading Down 2.1%

Shares of GOOG opened at $384.90 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $163.33 and a 12-month high of $404.47. The firm has a market capitalization of $4.66 trillion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25. The stock’s fifty day simple moving average is $331.01 and its 200-day simple moving average is $318.96.

Alphabet (NASDAQ:GOOG) last issued 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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same quarter in the prior year, the firm posted $2.81 earnings per share. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, research analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

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

Alphabet Company 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.