SVB Wealth LLC Reduces Stock Holdings in Alphabet Inc. $GOOG

SVB Wealth LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 26.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,305 shares of the information services provider’s stock after selling 28,968 shares during the period. Alphabet comprises approximately 1.5% of SVB Wealth LLC’s portfolio, making the stock its 15th biggest holding. SVB Wealth LLC’s holdings in Alphabet were worth $24,886,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nvest Wealth Strategies Inc. purchased a new position in Alphabet in the fourth quarter valued at approximately $38,000. Imprint Wealth LLC purchased a new position in Alphabet in the third quarter valued at approximately $31,000. Manning & Napier Advisors LLC purchased a new position in Alphabet in the third quarter valued at approximately $32,000. Towne Trust Company N.A lifted its stake in Alphabet by 34.0% in 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 during the last quarter. Finally, Creative Capital Management Investments LLC lifted its stake in Alphabet by 1,438.5% in the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock valued at $63,000 after purchasing an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Trading Down 2.1%

Shares of GOOG stock opened at $384.90 on Wednesday. The company’s fifty day simple moving average is $331.01 and its two-hundred day simple moving average is $318.96. 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 Inc. has a 1 year low of $163.33 and a 1 year high of $404.47. The stock has a market capitalization of $4.66 trillion, a price-to-earnings ratio of 29.36, a PEG ratio of 1.68 and a beta of 1.25.

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

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is 6.41%.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the sale, the director owned 2,531 shares in the company, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 226,481 shares of company stock valued at $27,422,061 in the last ninety days. 12.99% of the stock is owned by insiders.

Analyst Ratings Changes

GOOG has been the topic of a number of analyst reports. TD Cowen boosted their target price on shares of Alphabet from $375.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Scotiabank reissued an “outperform” rating and set a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Wedbush reissued an “outperform” rating and set a $370.00 target price on shares of Alphabet in a report on Thursday, February 5th. Wells Fargo & Company raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Finally, Phillip Securities cut shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $363.40.

Key Stories Impacting 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.

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.