Alphabet Inc. $GOOG Shares Sold by L. Roy Papp & Associates LLP

Key Points

• L. Roy Papp & Associates trimmed its Alphabet stake by 3.3% in Q4, selling 5,685 shares and leaving it with 168,150 shares worth about $52.77 million, roughly 5.8% of the firm's portfolio and its third-largest holding.
• Insiders have been net sellers — CEO Sundar Pichai sold 32,500 shares for about $10.0 million and Director Frances Arnold sold 102 shares, with insiders offloading 191,986 shares (~$59.16M) over the last three months while corporate insiders still hold ~12.99% of the stock.
• Alphabet delivered a blowout Q1 (EPS $5.11 vs. ~2.64–2.68 consensus; revenue $109.9B, +21.8%) and ~63% Google Cloud growth, prompting analyst upgrades and a dividend increase to $0.22, though management warned of very large AI-related capex (~$185–190B in 2026) that could pressure free cash flow.

L. Roy Papp & Associates LLP cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,150 shares of the information services provider's stock after selling 5,685 shares during the period. Alphabet makes up about 5.8% of L. Roy Papp & Associates LLP's investment portfolio, making the stock its 3rd largest holding. L. Roy Papp & Associates LLP's holdings in Alphabet were worth $52,766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Imprint Wealth LLC purchased a new stake in shares of Alphabet in the third quarter valued at $31,000. Manning & Napier Advisors LLC bought a new position in Alphabet during the third quarter valued at about $32,000. Towne Trust Company N.A raised its holdings in Alphabet by 34.0% during 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. Tripletail Wealth Management LLC acquired a new stake in shares of Alphabet in the third quarter valued at about $40,000. Finally, Creative Capital Management Investments LLC grew its position in shares of Alphabet by 1,438.5% in the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider's stock valued at $63,000 after purchasing an additional 187 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 102 shares of the firm's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00. Following the completion of the transaction, the director owned 18,621 shares of the company's stock, valued at approximately $6,908,391. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the transaction, the chief executive officer owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. The trade was a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 191,986 shares of company stock valued at $59,159,207. Corporate insiders own 12.99% of the company's stock.

Alphabet Stock Up 0.3%

Alphabet stock opened at $383.22 on Friday. The stock has a market cap of $4.64 trillion, a P/E ratio of 29.23, a P/E/G ratio of 2.35 and a beta of 1.13. The company has a quick ratio of 2.01, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $149.49 and a twelve month high of $383.39. The company's 50-day moving average price is $312.44 and its two-hundred day moving average price is $307.77.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same quarter in the prior year, the business posted $2.81 EPS. The business's revenue was up 21.8% compared to the same quarter last year. As a group, analysts expect that Alphabet Inc. will post 11.62 EPS for the current year.

Alphabet Increases Dividend

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

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Record Q1 fundamentals — Alphabet beat estimates (EPS $5.11 vs. $2.64 consensus) and reported $109.9B revenue; Google Cloud grew ~63% to ~ $20B with a very large backlog, which underpins multi-year revenue visibility and explains the rally. Alphabet Q1 2026 Earnings Call Highlights
• Positive Sentiment: Wall Street is upgrading targets — multiple firms (JPMorgan, TD Cowen, Scotiabank, Raymond James, Piper Sandler and others) raised price targets and reiterated buys after the quarter, signaling analyst conviction that AI/cloud growth justifies higher valuation. Coverage: Recent price-target raises
• Positive Sentiment: Strategic wins and ecosystem advantages — articles argue Alphabet’s “compute” advantage (TPUs, datacenter scale, full‑stack Gemini integrations) gives it a structural edge versus rivals and supports both ad/product monetization and enterprise AI demand. Compute is destiny. Google just proved it.
• Neutral Sentiment: Government and enterprise demand — the U.S. Pentagon and other large customers have agreements with leading AI providers including Google, validating long-term cloud/AI revenue channels but timing and contract sizes vary. This supports durable demand but is not an immediate revenue kicker. Pentagon reaches agreements with leading AI companies
• Negative Sentiment: CapEx intensity and cash flow tradeoff — management signaled very large AI-related capital spending (2026 capex ~ $185–190B and “significantly higher” expected in 2027). That funds growth but will pressure free cash flow and raises execution/ROI scrutiny. Alphabet ups 2026 capex to as much as $190 billion
• Negative Sentiment: Rising cost concerns and regulatory risks — commentary highlights the growing capital and operating cost of AI (potential margin/cashflow headwinds), and regulators in Europe are probing Google’s AI/search features — both are watch‑items for investors. Google Stock Growth Collides With The Rising Cost Of AI Italy asks EU to investigate Google AI search tools

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GOOG shares. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Truist Financial set a $385.00 price objective on shares of Alphabet in a research report on Wednesday, April 22nd. Needham & Company LLC set a $400.00 target price on shares of Alphabet and gave the stock a "buy" rating in a report on Friday, March 13th. Phillip Securities lowered shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, April 15th. Finally, Wells Fargo & Company raised shares of Alphabet from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Alphabet has a consensus rating of "Buy" and an average target price of $362.73.

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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