<div id="readability-page-1"><div id="articlecontent"> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/google-inc-logo-1200x675.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/google-inc-logo-1200x675.png"/>Power Wealth Management LLC acquired a new stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,990 shares of the information services provider's stock, valued at approximately $703,000.</p><ul><li>Apple’s Earnings Show Investors Its Strength and Its Weakness</li></ul><p>Several other institutional investors and hedge funds have also recently modified their holdings of GOOG. FMR LLC boosted its position in Alphabet by 3.8% in the 3rd quarter. FMR LLC now owns 120,234,117 shares of the information services provider's stock valued at $15,852,868,000 after buying an additional 4,348,188 shares during the period. JPMorgan Chase &amp; Co. raised its stake in shares of Alphabet by 11.3% in the third quarter. JPMorgan Chase &amp; Co. now owns 95,941,129 shares of the information services provider's stock valued at $12,649,838,000 after acquiring an additional 9,703,425 shares in the last quarter. Northern Trust Corp increased its holdings in Alphabet by 2.3% during the 3rd quarter. Northern Trust Corp now owns 57,269,184 shares of the information services provider's stock worth $7,550,942,000 after purchasing an additional 1,275,060 shares during the period. Sanders Capital LLC raised its position in Alphabet by 0.3% in the 3rd quarter. Sanders Capital LLC now owns 27,744,572 shares of the information services provider's stock valued at $3,658,122,000 after purchasing an additional 92,741 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Alphabet by 2.0% during the third quarter. Jennison Associates LLC now owns 19,822,203 shares of the information services provider's stock worth $2,613,557,000 after buying an additional 390,118 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><div><div><p><span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NjIz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NjIz"/></span></p><div><p><img src="https://imageproxy.pbkrs.com/https://assets.altimetryreport.com/uploads/2023/11/Screenshot-2023-11-01-at-10.29.31-AM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="2878" height="1590" original-src="https://imageproxy.pbkrs.com/https://assets.altimetryreport.com/uploads/2023/11/Screenshot-2023-11-01-at-10.29.31-AM.png"/></p></div><div><p><b>Ad </b> Altimetry</p><p>Stock-Picking AI Predicts #1 Stock of 2024</p><p>Since the start of the year, the top 10 investment funds in the world – including Vanguard, Blackrock, Fidelity and JP Morgan – have made nearly $1 trillion in profits on these 7 stocks.</p><p>Click here to learn what's coming (and how to prepare).</p></div></div></div><p>GOOG has been the topic of a number of analyst reports. Oppenheimer raised their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an &#34;outperform&#34; rating in a report on Monday, April 8th. Stifel Nicolaus increased their target price on shares of Alphabet from $154.00 to $174.00 and gave the company a &#34;buy&#34; rating in a research report on Tuesday, April 16th. Susquehanna raised their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a &#34;positive&#34; rating in a research report on Wednesday, January 31st. Raymond James raised their price objective on shares of Alphabet from $150.00 to $160.00 and gave the stock an &#34;outperform&#34; rating in a research report on Wednesday, January 24th. Finally, Morgan Stanley reissued an &#34;overweight&#34; rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Alphabet has a consensus rating of &#34;Buy&#34; and an average target price of $165.67.</p><ul><li>IBM Sings the Blues on Mixed Pockets of Strength </li></ul><p><b>Check Out Our Latest Research Report on Alphabet</b></p><h2>Insider Transactions at Alphabet</h2><p>In related news, CAO Amie Thuener O'toole sold 682 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total value of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares in the company, valued at $3,903,886.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O'toole sold 682 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the sale, the chief accounting officer now directly owns 28,602 shares in the company, valued at $3,903,886.98. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 22,500 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $166.80, for a total transaction of $3,753,000.00. Following the sale, the chief executive officer now owns 2,280,511 shares of the company's stock, valued at $380,389,234.80. The disclosure for this sale can be found here. Insiders sold a total of 275,129 shares of company stock worth $40,382,765 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders. </p><h2>Alphabet Price Performance</h2><ul><li>Roku Trims Losses and Raises Guidance, But Market Isn’t Convinced</li></ul><p>GOOG traded up $0.53 during midday trading on Friday, reaching $168.99. 22,767,056 shares of the company's stock were exchanged, compared to its average volume of 22,353,938. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.15 and a quick ratio of 2.10. The stock has a market capitalization of $2.10 trillion, a PE ratio of 25.92, a P/E/G ratio of 1.26 and a beta of 1.02. The business's 50-day moving average price is $151.46 and its 200 day moving average price is $143.69. Alphabet Inc. has a 1-year low of $104.70 and a 1-year high of $176.42. </p><p>Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 25th. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.38. The company had revenue of $80.54 billion during the quarter, compared to analysts' expectations of $78.75 billion. Alphabet had a net margin of 25.90% and a return on equity of 29.52%. The firm's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 7.66 EPS for the current fiscal year. </p><h2>Alphabet Announces Dividend</h2><p>The company also recently declared a -- dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 10th. </p><h2>Alphabet Company Profile</h2><p> (Free Report)</p><p>Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Alphabet</li><li>Low PE Growth Stocks: Unlocking Investment Opportunities</li><li>MarketBeat Week in Review – 4/29 - 5/3</li><li>Investing in Construction Stocks</li><li>Apple’s Earnings Show Investors Its Strength and Its Weakness</li><li>How to Calculate Inflation Rate</li><li>Bargain Alert: 3 Large Caps With Extremely Oversold RSIs</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R09PRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9R09PRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Conflict In Israel Sends Gold Soaring ???? 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.</p><p>While Alphabet currently has a &#34;Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here </p><div><div><div><p><img height="209" width="170" src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20220914050454_report_preview_cover-10-recession-proof-stocks@1x.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/premium-reports/small_20220914050454_report_preview_cover-10-recession-proof-stocks@1x.png"/></p></div><div><div><p>10 &#34;Recession Proof&#34; Stocks That Will Thrive in Any Market</p><p>Which stocks are likely to thrive in today's challenging market? 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GOOGL

GOOG

<p>Power Wealth Management LLC acquired 4,990 shares of Alphabet Inc. stock valued at approximately $703,000. Several other institutional investors also modified their holdings of GOOG. Analysts have given Alphabet a consensus rating of "Buy" with an average target price of $165.67. Insider transactions at Alphabet have also been disclosed.</p>

4,990 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by Power Wealth Management LLC