Wealth Enhancement Trust Services Inc. Acquires New Shares in Alphabet Inc. $GOOGL

Wealth Enhancement Trust Services Inc. acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 70,116 shares of the information services provider’s stock, valued at approximately $21,946,000. Alphabet comprises about 2.8% of Wealth Enhancement Trust Services Inc.’s holdings, making the stock its 7th largest holding.

Several other institutional investors also recently modified their holdings of GOOGL. CIBC Bancorp USA Inc. purchased a new position in Alphabet during the 3rd quarter valued at $416,217,000. Sovran Advisors LLC boosted its holdings in Alphabet by 23.6% during the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock valued at $5,401,000 after acquiring an additional 4,241 shares during the period. Wright Investors Service Inc. boosted its holdings in Alphabet by 21.2% during the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider’s stock valued at $12,171,000 after acquiring an additional 8,746 shares during the period. CIBC Asset Management Inc boosted its holdings in Alphabet by 3.8% during the 3rd quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider’s stock valued at $405,131,000 after acquiring an additional 60,831 shares during the period. Finally, Belpointe Asset Management LLC boosted its holdings in Alphabet by 5.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider’s stock valued at $17,652,000 after acquiring an additional 3,740 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOGL has been the subject of a number of recent analyst reports. Susquehanna restated a “positive” rating and set a $460.00 price objective (up from $400.00) on shares of Alphabet in a report on Thursday. Cantor Fitzgerald boosted their price objective on Alphabet from $395.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday. President Capital boosted their price objective on Alphabet from $323.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Robert W. Baird boosted their price objective on Alphabet from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets boosted their price objective on Alphabet from $410.00 to $435.00 and gave the company an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $397.48.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $385.69 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $313.72 and a two-hundred day simple moving average of $308.70. The firm has a market cap of $4.67 trillion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. Alphabet Inc. has a twelve month low of $147.84 and a twelve month high of $386.76.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Analysts expect that Alphabet Inc. will post 12.94 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company 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 is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio is presently 6.41%.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the transaction, the director directly owned 3,581 shares of the company’s stock, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 617 shares of the business’s 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 transaction, the chief accounting officer directly owned 10,093 shares of the company’s stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 191,053 shares of company stock worth $58,845,206 over the last quarter. Insiders own 11.61% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google’s Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron’s: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Alphabet Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.