Alphabet Inc. $GOOG is Baxter Bros Inc.'s 4th Largest Position

Key Points

• Baxter Bros Inc. trimmed its Alphabet stake by 2.8% in the first quarter, but the position is still sizable at 117,587 shares worth about $33.7 million. Alphabet remains its 4th largest holding and accounts for 4.2% of the portfolio.
• Alphabet continues to draw positive attention for AI and cloud execution, with commentary noting its distribution advantage across Search, Android, YouTube, and Google Cloud. Analysts remain bullish overall, including a Zacks upgrade to “strong-buy” and multiple reports suggesting further upside.
• The company posted better-than-expected first-quarter results, with EPS of $5.11 versus $2.68 expected and revenue of $109.9 billion above estimates. Alphabet also raised its quarterly dividend to $0.22 per share and currently has a consensus Buy rating from analysts.

Baxter Bros Inc. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,587 shares of the information services provider's stock after selling 3,398 shares during the period. Alphabet makes up 4.2% of Baxter Bros Inc.'s portfolio, making the stock its 4th biggest holding. Baxter Bros Inc.'s holdings in Alphabet were worth $33,731,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ring Mountain Capital LLC boosted its position in shares of Alphabet by 0.9% during the 4th quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider's stock valued at $1,174,000 after acquiring an additional 30 shares during the last quarter. Cannon Financial Strategists Inc. grew its holdings in shares of Alphabet by 1.9% during the fourth quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock worth $499,000 after purchasing an additional 30 shares in the last quarter. Financial Enhancement Group LLC increased its position in shares of Alphabet by 2.3% in the first quarter. Financial Enhancement Group LLC now owns 1,323 shares of the information services provider's stock worth $380,000 after purchasing an additional 30 shares during the last quarter. HRC Wealth Management LLC increased its position in shares of Alphabet by 1.0% in the fourth quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider's stock worth $1,014,000 after purchasing an additional 31 shares during the last quarter. Finally, Certior Financial Group LLC raised its stake in Alphabet by 3.5% in the fourth quarter. Certior Financial Group LLC now owns 919 shares of the information services provider's stock valued at $288,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 27.26% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several pieces highlighted Alphabet’s durable AI and cloud execution, including commentary that its distribution across Search, Android, YouTube, and Google Cloud gives it an edge in monetizing AI better than many rivals.
• Positive Sentiment: Analysts and market commentary remained constructive, with Zacks upgrading Alphabet to “strong-buy,” and multiple reports saying the stock still looks undervalued after its strong rally and may have further upside from current levels.
• Positive Sentiment: Alphabet’s cloud and AI ecosystem continues to draw positive coverage, including a new agentic AI collaboration with Accenture and reports that digital demand and data-center growth could support the business in the second half of 2026.
• Positive Sentiment: Long-term confidence also got a boost from comments that Alphabet could be a winner in the AI race due to its massive distribution footprint and ability to turn AI spending into real returns.
• Neutral Sentiment: Alphabet’s search product set a record for queries per second during the World Cup, reinforcing the strength of its core franchise, though this is more of a usage signal than a direct earnings catalyst.
• Neutral Sentiment: Waymo’s plan to expand driverless rides to more cities supports Alphabet’s optionality in autonomous vehicles, but the impact on near-term stock performance is likely limited.
• Negative Sentiment: News that Google and OpenAI provided AI model access to Singapore-based affiliates of Chinese firms has renewed policy and export-control concerns, which could raise regulatory risk around AI distribution.
• Negative Sentiment: Alphabet is also facing more scrutiny abroad, including the UK bringing Google cloud services under direct oversight and an ongoing legal fight in India over its ads platform.
• Negative Sentiment: Some traders remain cautious about competition, with reports suggesting Meta could challenge Google’s AI leadership and that Alphabet’s recent price action has lagged broader tech at times.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 160,465 shares of company stock valued at $8,020,511. Insiders own 12.99% of the company's stock.

Alphabet Stock Down 0.3%

Shares of GOOG opened at $355.03 on Friday. The firm has a market cap of $4.30 trillion, a P/E ratio of 27.08, a P/E/G ratio of 1.52 and a beta of 1.23. The stock has a 50 day simple moving average of $369.81 and a two-hundred day simple moving average of $335.21. 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 Inc. has a 1 year low of $177.54 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $2.43. The business 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%. The business's quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the business earned $2.81 earnings per share. On average, analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a $0.22 dividend. The ex-dividend date was Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio is presently 6.71%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GOOG. Citigroup reiterated a "market outperform" rating on shares of Alphabet in a research report on Monday, June 22nd. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a report on Monday, April 20th. Wells Fargo & Company set a $416.00 price objective on shares of Alphabet in a research report on Thursday, July 2nd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $425.00 price objective on shares of Alphabet in a report on Thursday, April 30th. Finally, Pivotal Research reiterated a "buy" rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Alphabet presently has a consensus rating of "Buy" and a consensus target price of $378.53.

About Alphabet

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.

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