Alphabet Inc. $GOOG is Provident Trust Co.'s Largest Position

Key Points

• Provident Trust Co. trimmed its Alphabet stake by 5.9% in the fourth quarter, but GOOG remains its largest holding at 16.9% of the portfolio, worth about $1.01 billion.
• Alphabet reported strong quarterly results, with EPS of $5.11 topping estimates by $2.43 and revenue of $109.9 billion beating expectations. Revenue rose 21.8% year over year, underscoring solid growth momentum.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while analysts remain broadly bullish with a consensus Buy rating and average price target of $362.73.

Provident Trust Co. lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,226,879 shares of the information services provider's stock after selling 201,242 shares during the quarter. Alphabet comprises approximately 16.9% of Provident Trust Co.'s portfolio, making the stock its biggest position. Provident Trust Co.'s holdings in Alphabet were worth $1,012,595,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaStar Capital Management LLC lifted its position in Alphabet by 7.8% during the fourth quarter. AlphaStar Capital Management LLC now owns 13,332 shares of the information services provider's stock valued at $4,183,000 after buying an additional 961 shares during the period. Carbahal Olsen Financial Services Group LLC purchased a new position in Alphabet during the fourth quarter valued at $278,000. Oak Harbor Wealth Partners LLC lifted its position in Alphabet by 0.4% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 27,114 shares of the information services provider's stock valued at $8,508,000 after buying an additional 112 shares during the period. Alliance Wealth Strategies LLC d b a Brown Edwards Wealth Strategies purchased a new position in Alphabet during the fourth quarter valued at $693,000. Finally, VELA Investment Management LLC purchased a new position in Alphabet during the fourth quarter valued at $645,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the transaction, the director directly owned 3,581 shares in the company, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total value of $9,877,400.00. Following the transaction, the chief executive officer owned 2,818,524 shares of the company's stock, valued at approximately $856,605,814.08. This trade represents a 1.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 158,553 shares of company stock valued at $47,951,856. Insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $399.06 on Thursday. Alphabet Inc. has a fifty-two week low of $160.93 and a fifty-two week high of $399.93. The business has a 50-day simple moving average of $323.77 and a two-hundred day simple moving average of $315.48. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market cap of $4.84 trillion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 1.64 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.81 EPS. On average, analysts expect that Alphabet Inc. will post 14.28 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a dividend of $0.22 per share. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio is presently 6.41%.

Analyst Ratings Changes

Several equities analysts have commented on GOOG shares. TD Cowen raised their price objective on Alphabet from $375.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Needham & Company LLC set a $400.00 price objective on Alphabet and gave the company a "buy" rating in a research report on Friday, March 13th. Sanford C. Bernstein reissued a "market perform" rating and set a $345.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Cantor Fitzgerald reissued a "neutral" rating on shares of Alphabet in a research report on Tuesday, January 20th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $370.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of "Buy" and an average price target of $362.73.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google unveiled a broader AI push at its Android event, including Gemini-powered features, new “Googlebooks” laptops, and agentic AI tools, reinforcing the company’s leadership in AI and mobile ecosystems.
• Positive Sentiment: Reports that Google is discussing orbital data centers with SpaceX have sparked investor excitement about a potential long-term infrastructure advantage in AI and cloud computing. Report: Google and SpaceX in talks to put data centers into orbit
• Positive Sentiment: Alphabet continues to attract bullish analyst and investor attention after strong Q1 results and ongoing cloud/AI growth, supporting the case for additional upside. Alphabet: The A-Z AI Play Set To Profit From The Whole Industry
• Positive Sentiment: Several large investors disclosed higher stakes in Alphabet, including Capital World Investors and other institutions, which can reinforce confidence in the stock’s long-term fundamentals.
• Neutral Sentiment: One fund update showed a large reduction in GOOG holdings by Capital International Investors, but this appears to be portfolio rebalancing rather than a direct company-specific warning.
• Negative Sentiment: Alphabet still faces regulatory pressure in Europe, including efforts to avoid an EU antitrust fine tied to spam-policy changes and broader DMA compliance concerns.

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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