Alphabet Inc. $GOOG is Hazlett Burt & Watson Inc.’s 6th Largest Position

Hazlett Burt & Watson Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,507 shares of the information services provider’s stock after purchasing an additional 1,550 shares during the period. Alphabet makes up approximately 1.6% of Hazlett Burt & Watson Inc.’s portfolio, making the stock its 6th largest position. Hazlett Burt & Watson Inc.’s holdings in Alphabet were worth $4,861,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new position in Alphabet during the third quarter worth about $31,000. Nvest Wealth Strategies Inc. purchased a new position in Alphabet during the fourth quarter worth about $38,000. Towne Trust Company N.A raised its holdings 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 worth $42,000 after purchasing an additional 34 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Alphabet by 29.0% during the third quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider’s stock worth $63,000 after purchasing an additional 58 shares in the last quarter. Finally, Creative Capital Management Investments LLC raised its holdings in Alphabet by 1,438.5% during the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock worth $63,000 after purchasing an additional 187 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 8,993 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 193,016 shares of company stock valued at $17,282,549. Corporate insiders own 12.99% of the company’s stock.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to benefit from strong AI demand, including reports that Google may place a large chip order with Intel and that its Gemini AI efforts could generate meaningful recurring revenue. Analysts also reiterated bullish views, citing ongoing demand for AI infrastructure and capex. Intel shares soar on reported in-house chip deal with Alphabet
• Positive Sentiment: Alphabet’s Waymo unit remains a competitive strength, with news that Waymo bought a large Arizona proving ground and broader coverage highlighting Waymo’s role in the growing robotaxi race. Waymo bought Apple’s self-driving car proving ground for $220M
• Neutral Sentiment: Alphabet also drew attention after Apple’s WWDC keynote referenced Google help for AI features, reinforcing Google’s role in major AI partnerships, though the direct stock impact is less clear. Apple partnering with Google and Nvidia for most advanced AI model
• Negative Sentiment: The main drag on the stock is concern that Alphabet is aggressively raising capital and ramping spending on AI infrastructure, which could pressure near-term margins and free cash flow. Market commentary also pointed to valuation worries after the company’s recent financing plans. What’s Going On With Alphabet Stock?
• Negative Sentiment: Zacks notes GOOG has been sliding even as the broader market rose, suggesting investors are rotating away from Alphabet amid ongoing uncertainty about AI spending intensity and execution. Alphabet Inc. (GOOG) Stock Drops Despite Market Gains: Important Facts to Note

Wall Street Analyst Weigh In

GOOG has been the subject of several analyst reports. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a report on Monday, February 16th. Pivotal Research reaffirmed a “buy” rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a report on Monday, April 20th. Phillip Securities cut shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday, May 21st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $376.00.

Alphabet Stock Down 1.3%

GOOG stock opened at $361.17 on Tuesday. The company’s 50 day simple moving average is $351.67 and its 200-day simple moving average is $327.90. The firm has a market capitalization of $4.38 trillion, a PE ratio of 27.55, a P/E/G ratio of 1.57 and a beta of 1.23. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. 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 released its quarterly 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 business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.81 earnings per share. Equities analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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