Alphabet Inc. $GOOG Shares Acquired by CHICAGO TRUST Co NA

Key Points

• CHICAGO TRUST Co NA increased its Alphabet stake by 24.1% in the first quarter, buying 9,096 more shares and bringing its total to 46,814 shares valued at about $13.4 million.
• Alphabet reported strong quarterly results, posting $5.11 EPS versus expectations of $2.68 and revenue of $109.9 billion, while revenue rose 21.8% from a year earlier.
• The stock is drawing both support and scrutiny: analysts largely remain bullish with a consensus “Buy” rating, but Alphabet also faces regulatory pressure from the EU antitrust fine and concerns over heavy AI infrastructure spending.

CHICAGO TRUST Co NA grew its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,814 shares of the information services provider's stock after acquiring an additional 9,096 shares during the quarter. Alphabet comprises 2.1% of CHICAGO TRUST Co NA's holdings, making the stock its 8th largest position. CHICAGO TRUST Co NA's holdings in Alphabet were worth $13,429,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the fourth quarter valued at approximately $38,000. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet during the fourth quarter worth $38,000. Imprint Wealth LLC purchased a new position in shares of Alphabet during the third quarter worth $31,000. Bard Associates Inc. purchased a new position in shares of Alphabet during the fourth quarter worth $41,000. Finally, Towne Trust Company N.A grew its stake in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after buying an additional 34 shares in the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $356.18 on Monday. The firm's 50 day moving average price is $368.31 and its 200 day moving average price is $333.49. The stock has a market cap of $4.32 trillion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. Alphabet Inc. has a fifty-two week low of $173.88 and a fifty-two week high of $404.47. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.81 EPS. As a group, equities research analysts predict that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

Insiders Place Their Bets

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm'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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frances Arnold sold 112 shares of the company's stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the completion of the transaction, the director directly owned 18,833 shares of the company's stock, valued at $6,615,656.24. This trade represents a 0.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 160,465 shares of company stock worth $8,020,511. 12.99% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GOOG. Truist Financial set a $430.00 target price on Alphabet in a research report on Monday, June 1st. Phillip Securities cut shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research report on Wednesday, April 15th. Freedom Capital cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. KeyCorp reaffirmed an "overweight" rating on shares of Alphabet in a research note on Wednesday, May 20th. Finally, Scotiabank reiterated an "outperform" rating and set a $450.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $376.19.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to benefit from bullish investor and analyst sentiment, with several recent reports highlighting strong earnings momentum, favorable price targets, and optimism around its AI and cloud growth. Zacks: Top-Performing ETF Areas of 1H 2026
• Positive Sentiment: Google Cloud is gaining enterprise traction, including a new Reuters report that Italy’s Intesa Sanpaolo moved core IT systems to Google’s cloud, supporting the case for faster cloud revenue growth. Reuters: Italy's Intesa shifts core IT banking systems to Google's cloud technology
• Positive Sentiment: Walmart’s partnership with Google on a Gemini-powered shopping experience reinforces Alphabet’s position in applied AI and could open future commerce-related revenue opportunities. 247WallSt: Which Stocks Win When Google AI Powers Walmart's Checkout?
• Neutral Sentiment: Alphabet was mentioned in connection with an Open USD stablecoin partnership list, but the report says some companies deny signing on, making the impact unclear. TipRanks: Open USD Stablecoin Lists Major Partners, But Some Say They Never Signed On
• Neutral Sentiment: Alphabet insider John Kent Walker sold shares, but the transaction appears routine and is unlikely by itself to change the company’s outlook. InsiderTrades: John Kent Walker Alphabet transaction
• Negative Sentiment: The EU’s top court upheld a record €4.1 billion antitrust fine against Google over Android practices, a meaningful legal setback that keeps regulatory pressure on Alphabet. Reuters: EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
• Negative Sentiment: Several articles flagged investor concern over Alphabet’s heavy AI infrastructure spending, with scrutiny growing around whether capex will pressure margins before it boosts returns. Yahoo Finance: Alphabet Drops 6% Despite $4.3 Trillion Valuation as AI Spending Draws Scrutiny

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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