Livet Wealth LLC Invests $917,000 in Alphabet Inc. $GOOG

Livet Wealth LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,921 shares of the information services provider’s stock, valued at approximately $917,000.

A number of other large investors also recently modified their holdings of the business. Imprint Wealth LLC bought a new stake in Alphabet in the 3rd quarter valued at about $31,000. Nvest Wealth Strategies Inc. bought a new stake in Alphabet in the 4th quarter valued at about $38,000. Towne Trust Company N.A lifted its position in Alphabet by 34.0% in the 4th 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. Commonwealth Retirement Investments LLC bought a new stake in Alphabet in the 4th quarter valued at about $45,000. Finally, IFC & Insurance Marketing Inc. bought a new stake in Alphabet in the 4th quarter valued at about $48,000. 27.26% of the stock is currently owned by institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s drone-delivery unit Wing expanded into seven more U.S. cities with Walmart, reinforcing that its Other Bets can scale into real businesses and may be more valuable than the market gives them credit for.
• Positive Sentiment: Waymo launched a $29.99 monthly membership program, adding a recurring-revenue layer to its robotaxi business and highlighting rapid growth in paid rides, which investors may see as a meaningful long-term opportunity.
• Positive Sentiment: Several analyst and commentary pieces remain constructive on Alphabet’s AI, cloud, and search setup, with some calling it an AI powerhouse and lifting price targets, which supports the stock’s bullish narrative.
• Positive Sentiment: Google is also expanding its real-estate listings nationwide and continuing to deepen its AI infrastructure and chip strategy, reinforcing multiple growth avenues beyond search advertising.
• Neutral Sentiment: Google filed suit against an alleged Chinese cybercrime group that used AI to scam victims, a move that shows the company is actively defending its platforms, though the stock impact is likely limited unless the issue escalates.
• Neutral Sentiment: Alphabet declined a $2 billion U.S. quantum-computing funding program, saying the terms could slow development; that may be viewed as a strategic choice rather than a major financial event.
• Neutral Sentiment: News that some billionaire investors sold Alphabet in Q1 while others bought more adds to the debate, but it does not change the underlying business fundamentals by itself.
• Negative Sentiment: Some recent coverage continues to focus on worries about rising capital expenditures and AI monetization, which can pressure sentiment if investors fear Alphabet’s AI spending will take longer to pay off.
• Negative Sentiment: Alphabet’s AI Overview feature has also faced renewed controversy, adding another small overhang around search quality and user trust.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several recent research reports. Truist Financial set a $430.00 price objective on shares of Alphabet in a research report on Monday, June 1st. Wells Fargo & Company reiterated an “overweight” rating and issued a $435.00 price objective on shares of Alphabet in a research report on Tuesday, June 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a research report on Thursday, May 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Finally, Citigroup reissued a “market outperform” rating on shares of Alphabet in a research note on Monday, June 1st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $376.78.

Alphabet Stock Up 0.4%

Alphabet stock opened at $358.16 on Friday. The stock has a market cap of $4.34 trillion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.53 and a beta of 1.22. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $357.71 and its two-hundred day moving average price is $329.44. Alphabet Inc. has a 52 week low of $163.33 and a 52 week high of $404.47.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Alphabet’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company earned $2.81 EPS. On average, analysts expect that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. 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. Alphabet’s dividend payout ratio is 6.71%.

Insider Activity

In other news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the transaction, the director owned 2,531 shares of the company’s stock, valued at $995,341.06. The trade was a 29.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares in the company, valued at $505,573,853.40. This represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 193,016 shares of company stock worth $17,282,549 in the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet 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.