Alphabet Inc. $GOOG is Credit Industriel ET Commercial's Largest Position

Key Points

• Credit Industriel ET Commercial boosted its Alphabet stake by 217.9% in the first quarter, making GOOG its largest holding at about 4.1% of portfolio value, worth roughly $53.0 million.
• Wall Street sentiment remains upbeat: analysts mostly rate Alphabet a Buy or better, with a consensus price target of $378.53 and recent target prices from Stifel, Wells Fargo, and Needham all above current levels.
• Alphabet’s latest earnings were strong, with EPS of $5.11 and revenue of $109.9 billion beating estimates, while the company also raised its quarterly dividend to $0.22 per share.

Credit Industriel ET Commercial increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 217.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,735 shares of the information services provider's stock after acquiring an additional 126,626 shares during the quarter. Alphabet comprises approximately 4.1% of Credit Industriel ET Commercial's portfolio, making the stock its largest holding. Credit Industriel ET Commercial's holdings in Alphabet were worth $52,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kathmere Capital Management LLC boosted its holdings in shares of Alphabet by 8.5% in the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock valued at $9,381,000 after acquiring an additional 2,341 shares during the period. Gerber Kawasaki Wealth & Investment Management grew its position in shares of Alphabet by 1.0% during the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 275,943 shares of the information services provider's stock worth $86,596,000 after acquiring an additional 2,850 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Alphabet by 7.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider's stock valued at $19,060,000 after acquiring an additional 4,239 shares during the period. World Investment Advisors increased its holdings in shares of Alphabet by 8.7% in the 4th quarter. World Investment Advisors now owns 190,654 shares of the information services provider's stock valued at $59,827,000 after acquiring an additional 15,280 shares during the period. Finally, Violich Capital Management Inc. increased its holdings in shares of Alphabet by 1.0% in the 4th quarter. Violich Capital Management Inc. now owns 340,776 shares of the information services provider's stock valued at $106,936,000 after acquiring an additional 3,378 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GOOG. Stifel Nicolaus set a $420.00 price target on shares of Alphabet in a research note on Wednesday, May 20th. Phillip Securities lowered shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, April 15th. Wells Fargo & Company set a $416.00 target price on shares of Alphabet in a report on Thursday, July 2nd. Needham & Company LLC set a $400.00 target price on shares of Alphabet and gave the stock a "buy" rating in a research note on Friday, March 13th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $378.53.

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 Buying and Selling

In other news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, the director owned 1,481 shares of the company's stock, valued at $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 160,465 shares of company stock worth $8,020,511. 12.99% of the stock is currently owned by insiders.

Alphabet Price Performance

Alphabet stock opened at $355.03 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The business has a 50 day simple moving average of $369.81 and a 200-day simple moving average of $335.21. Alphabet Inc. has a 12 month low of $177.54 and a 12 month high of $404.47. The stock has a market capitalization of $4.30 trillion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23.

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

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a $0.22 dividend. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is 6.71%.

Alphabet 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.

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