Alphabet Inc. $GOOG Stock Position Lowered by Oakworth Capital Inc.

Key Points

• Oakworth Capital Inc. trimmed its Alphabet stake by 3.2% in the fourth quarter, selling 5,709 shares and ending with 175,205 shares worth about $54.98 million.
• Alphabet recently beat Wall Street estimates for Q1, reporting $5.11 EPS versus $2.68 expected and revenue of $109.9 billion, up 21.8% year over year. The strong results helped support bullish analyst sentiment and higher price targets.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while insider selling continued, including recent sales by directors Frances Arnold and John L. Hennessy.

Oakworth Capital Inc. cut its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,205 shares of the information services provider's stock after selling 5,709 shares during the period. Alphabet comprises about 3.0% of Oakworth Capital Inc.'s holdings, making the stock its 9th largest position. Oakworth Capital Inc.'s holdings in Alphabet were worth $54,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nvest Wealth Strategies Inc. acquired a new position in Alphabet in the 4th quarter valued at about $38,000. Imprint Wealth LLC acquired a new position in Alphabet in the 3rd quarter valued at about $31,000. Manning & Napier Advisors LLC acquired a new position in Alphabet in the 3rd quarter valued at about $32,000. Towne Trust Company N.A raised its stake in Alphabet by 34.0% in the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. Finally, Creative Capital Management Investments LLC raised its stake in Alphabet by 1,438.5% in the 4th 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. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Up 0.4%

GOOG opened at $397.05 on Friday. The firm has a 50 day moving average price of $317.19 and a 200 day moving average price of $311.59. The company has a market cap of $4.80 trillion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. Alphabet Inc. has a 1 year low of $153.83 and a 1 year high of $398.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. 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 company had revenue of $109.90 billion for 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%. The business's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.81 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 14 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. 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 dividend yield of 0.2%. Alphabet's dividend payout ratio is 6.41%.

Wall Street Analyst Weigh In

GOOG has been the topic of several recent analyst reports. Wedbush reiterated an "outperform" rating and set a $370.00 price objective on shares of Alphabet in a report on Thursday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of Alphabet from $395.00 to $460.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. TD Cowen boosted their target price on shares of Alphabet from $375.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Pivotal Research restated a "buy" rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Finally, Phillip Securities downgraded shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a report on Wednesday, April 15th. Six investment 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's stock. According to MarketBeat, Alphabet has a consensus rating of "Buy" and a consensus target price of $362.73.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 102 shares of the firm's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total transaction of $37,842.00. Following the transaction, the director directly owned 18,621 shares in the company, valued at $6,908,391. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director owned 3,581 shares in the company, valued at $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. 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 News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s recent earnings strength continues to drive optimism, with analysts raising price targets and earnings estimates after a strong Q1 beat that showed faster growth in Search, Cloud, and YouTube. Investors are also reacting to broad bullish coverage and high-profile holders adding to GOOG exposure.
• Positive Sentiment: Google is expanding its AI monetization tools, unveiling AI-powered Search and Shopping bidding/budgeting features that could make ad spending more efficient and support ad revenue growth. Article: Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Alphabet is also leaning into AI and consumer hardware, with new Fitbit Air and AI health-coach launches, plus continued work on smart glasses and broader agentic AI products. These developments reinforce the view that Google is becoming a major AI platform across ads, devices, and subscriptions.
• Neutral Sentiment: Several reports point to continued institutional interest and analyst support, including fund additions and upgraded target prices, but these are largely reinforcement signals rather than immediate catalysts.
• Negative Sentiment: Regulatory overhang remains a concern after Google was given more time to address EU antitrust issues, and a new UK lawsuit over online display ads adds another legal challenge. Article: Google has bit more time to address concerns in EU investigation, EU Commission says
• Negative Sentiment: Google also settled a racial discrimination lawsuit for $50 million, which removes some uncertainty but highlights ongoing reputational and legal risks tied to employment practices. Article: Google settles racial discrimination lawsuit for $50 million

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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