Alphabet Inc. $GOOG Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its stake in Alphabet by 10% in Q4, selling 290,975 shares and now holding 2,628,204 shares valued at about $824.7 million, making GOOG its 7th-largest holding (~2.0% of assets).
• Alphabet beat Q1 expectations, reporting $5.11 EPS vs. $2.68 expected and $109.9 billion in revenue (up 21.8%), and the company raised its quarterly dividend to $0.22 (annualized $0.88).
• Insider selling has been notable recently, with insiders offloading 158,553 shares (~$47.95 million) in the last three months, while corporate insiders still own 12.99% of the company.

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,628,204 shares of the information services provider's stock after selling 290,975 shares during the period. Alphabet accounts for about 2.0% of Mitsubishi UFJ Trust & Banking Corp's holdings, making the stock its 7th biggest holding. Mitsubishi UFJ Trust & Banking Corp's holdings in Alphabet were worth $824,734,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GOOG. Tradewinds LLC. grew its holdings in shares of Alphabet by 2,134.8% in the third quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider's stock valued at $10,984,000 after purchasing an additional 43,080 shares during the period. Kathmere Capital Management LLC grew 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 purchasing an additional 2,341 shares during the period. Atlantic Union Bankshares Corp grew its holdings in shares of Alphabet by 31.3% in the third quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock valued at $86,345,000 after purchasing an additional 84,553 shares during the period. Baltimore Washington Financial Advisors Inc. grew its holdings in shares of Alphabet by 0.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider's stock valued at $53,920,000 after purchasing an additional 2,009 shares during the period. Finally, CWA Asset Management Group LLC grew its holdings in shares of Alphabet by 2.2% in the third quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider's stock valued at $38,272,000 after purchasing an additional 3,444 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GOOG shares. Phillip Securities lowered shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, April 15th. Freedom Capital lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a report on Monday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $370.00 price objective on shares of Alphabet in a report on Tuesday, January 20th. KeyCorp set a $370.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $345.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Alphabet presently has an average rating of "Buy" and an average target price of $362.73.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 102 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00. Following the sale, the director owned 18,621 shares of the company's stock, valued at approximately $6,908,391. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Kent Walker sold 8,993 shares of the stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. This represents a 14.79% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 158,553 shares of company stock valued at $47,951,856. Corporate insiders own 12.99% of the company's stock.

Alphabet Trading Up 0.0%

Shares of GOOG stock opened at $395.30 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 firm has a market cap of $4.78 trillion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. The company has a 50-day moving average of $317.19 and a two-hundred day moving average of $311.59. Alphabet Inc. has a 1-year low of $153.83 and a 1-year high of $397.36.

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 for the quarter, topping the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion during 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 revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.81 earnings per share. On average, analysts predict that Alphabet Inc. will post 14 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 paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's payout ratio is 6.41%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 momentum and Anthropic cloud deal continue to underpin the rally — social and analyst chatter notes a post-earnings surge, AI-fueled ad strength and a reported ~$200B Anthropic commitment that materially boosts Alphabet’s cloud backlog and revenue visibility. Read More.
• Positive Sentiment: Analyst upgrades and higher price targets — Mizuho and other firms have raised forecasts and targets (examples around $460+), supporting upside expectations and helping push the stock higher. Read More.
• Positive Sentiment: Institutional buying reported — a handful of funds disclosed fresh additions (Swiss National Bank, Allen Investment, Fisher Asset among others), signaling conviction from large holders. Read More. • Read More.
• Neutral Sentiment: New consumer products and subscription moves could expand monetization but are early-stage — Google launched the Fitbit Air wearable and an AI health-coach subscription, which add recurring-revenue potential but are not yet material to near-term results. Read More.
• Negative Sentiment: EU regulatory risk remains — Alphabet has proposed changes to news search to head off additional multibillion-euro fines, highlighting ongoing antitrust exposure that could pressure European revenue or require product changes. Read More.
• Negative Sentiment: Significant insider and some institutional selling — data show heavy insider sales in recent months and several large funds (Deutsche Bank, CalPERS, Madison) trimmed GOOG positions, which can cap short-term upside and increase volatility. Read More. • Read More.

Alphabet Company 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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