Alphabet Inc. $GOOG Stock Holdings Trimmed by Pioneer Trust Bank N A OR

Key Points

• Pioneer Trust Bank reduced its Alphabet stake by 9.8% in the fourth quarter, selling 8,895 shares and leaving it with 82,317 shares worth about $25.8 million.
• Alphabet recently beat expectations in its latest quarter, reporting $5.11 EPS on $109.9 billion in revenue, while also raising its quarterly dividend to $0.22 per share.
• Analysts remain broadly positive on the stock, with a consensus rating of Buy and a target price of about $376, though recent insider selling and large AI spending plans have raised some caution.

Pioneer Trust Bank N A OR trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,317 shares of the information services provider's stock after selling 8,895 shares during the quarter. Alphabet accounts for about 6.0% of Pioneer Trust Bank N A OR's portfolio, making the stock its 3rd largest position. Pioneer Trust Bank N A OR's holdings in Alphabet were worth $25,831,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Alphabet by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock valued at $132,114,125,000 after purchasing an additional 8,128,234 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after purchasing an additional 7,904,434 shares during the last quarter. Alliancebernstein L.P. grew its stake in Alphabet by 5.8% during the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock valued at $9,749,864,000 after purchasing an additional 2,209,203 shares during the last quarter. Legal & General Group Plc grew its stake in Alphabet by 0.7% during the 3rd quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider's stock valued at $7,935,671,000 after purchasing an additional 223,743 shares during the last quarter. Finally, Capital World Investors grew its stake in Alphabet by 1.9% during the 3rd quarter. Capital World Investors now owns 28,625,464 shares of the information services provider's stock valued at $6,971,769,000 after purchasing an additional 539,679 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Sanford C. Bernstein reiterated a "market perform" rating and set a $345.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Freedom Capital downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Piper Sandler reiterated an "overweight" rating and set a $395.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Phillip Securities downgraded Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, April 15th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $450.00 price target on shares of Alphabet in a research note on Thursday, May 21st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $376.00.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the transaction, the insider owned 51,808 shares of the company's stock, valued at $14,293,309.12. The trade was a 14.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the transaction, the director directly owned 2,531 shares of the company's stock, valued at $995,341.06. The trade was a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 193,016 shares of company stock worth $17,282,549. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of GOOG stock opened at $355.68 on Thursday. The stock has a market cap of $4.31 trillion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.22. The business has a 50-day simple moving average of $346.94 and a 200-day simple moving average of $326.15. 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 Inc. has a 52-week low of $163.33 and a 52-week high of $404.47.

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

Alphabet Increases Dividend

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

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet expanded its collaboration with Google Cloud and Lovable in a multi-year deal, reinforcing demand for Google Cloud infrastructure and AI tools. Lovable Expands Collaboration With Google Cloud to Scale AI-Powered Software Creation
• Positive Sentiment: Multiple reports highlighted strong investor appetite for Alphabet’s AI expansion, including an upsized equity raise to $84.75 billion and Berkshire Hathaway’s planned $10 billion participation, which signals outside confidence in the company’s AI strategy. Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
• Positive Sentiment: Alphabet said its Gemini AI app has reached 900 million users, underscoring momentum in its consumer AI products and supporting the long-term growth story. Alphabet’s Gemini AI App Surges to 900 Million Users
• Neutral Sentiment: Analysts remain broadly constructive, with several firms reiterating buy ratings and price targets around the low-to-mid $400s, suggesting Wall Street still sees upside despite recent volatility. Google to See Variable Margins, Cloud Segment Growth Through 2028, UBS Says
• Negative Sentiment: UK regulators imposed new conduct requirements on Google Search, including letting publishers opt out of AI search features and model training, which could weaken the economics of AI Overviews and increase regulatory pressure. UK regulator enforces new competition requirements for Google search
• Negative Sentiment: Investors also appear uneasy about the scale of Alphabet’s AI spending plans, since the huge capital raise raises dilution concerns and suggests heavy infrastructure costs ahead. Alphabet plans to raise $80 billion to pay for AI buildout

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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