BetterWealth LLC Cuts Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

02 Jul 2025, 08:04 by Scott Moore · The Cerbat Gem

BetterWealth LLC lessened its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,048 shares of the information services provider’s stock after selling 1,273 shares during the quarter. Alphabet comprises 0.7% of BetterWealth LLC’s holdings, making the stock its 19th largest position. BetterWealth LLC’s holdings in Alphabet were worth $2,663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ethos Financial Group LLC lifted its stake in Alphabet by 0.7% during the fourth quarter. Ethos Financial Group LLC now owns 7,300 shares of the information services provider’s stock worth $1,395,000 after purchasing an additional 53 shares in the last quarter. Hutchinson Capital Management CA raised its holdings in shares of Alphabet by 1.5% in the 4th quarter. Hutchinson Capital Management CA now owns 3,555 shares of the information services provider’s stock valued at $677,000 after buying an additional 54 shares during the period. M. Kulyk & Associates LLC lifted its stake in Alphabet by 0.9% during the 4th quarter. M. Kulyk & Associates LLC now owns 6,445 shares of the information services provider’s stock worth $1,227,000 after acquiring an additional 56 shares in the last quarter. Retirement Planning Co of New England Inc. boosted its holdings in Alphabet by 0.4% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 15,977 shares of the information services provider’s stock valued at $3,043,000 after acquiring an additional 56 shares during the period. Finally, Concentrum Wealth Management boosted its holdings in Alphabet by 0.3% during the 4th quarter. Concentrum Wealth Management now owns 17,328 shares of the information services provider’s stock valued at $3,300,000 after acquiring an additional 57 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $176.91 on Wednesday. The company has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.25 and a beta of 1.01. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average price of $168.84 and a 200 day moving average price of $175.81.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. The business had revenue of $90.23 billion during the quarter, compared to analysts’ expectations of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.89 EPS. Research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a dividend of $0.21 per share. The ex-dividend date was Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. This is a boost from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s payout ratio is 9.36%.

Analyst Upgrades and Downgrades

GOOG has been the topic of several research reports. The Goldman Sachs Group reissued a “buy” rating and set a $220.00 price target on shares of Alphabet in a research report on Monday, June 2nd. Needham & Company LLC downgraded shares of Alphabet from a “buy” rating to a “cautious” rating in a research note on Friday, May 2nd. Rosenblatt Securities raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 25th. Citigroup restated a “sell” rating on shares of Alphabet in a research note on Wednesday, April 23rd. Finally, Citizens Jmp upgraded Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and six have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.38.

Check Out Our Latest Report on Alphabet

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total value of $105,000.00. Following the transaction, the director directly owned 6,813 shares of the company’s stock, valued at $1,192,275. The trade was a 8.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kavitark Ram Shriram sold 9,000 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $1,575,000.00. Following the completion of the sale, the director owned 255,400 shares of the company’s stock, valued at approximately $44,695,000. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 183,143 shares of company stock worth $30,529,028. Corporate insiders own 12.99% of the company’s stock.

About Alphabet

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