Alphabet Inc. $GOOGL Holdings Cut by Hendershot Investments Inc.

Key Points

• Hendershot Investments trimmed its Alphabet stake by 21.9% in Q4, selling 45,123 shares and leaving it with 160,989 shares worth about $50.39 million, which represents 6.4% of the firm's holdings and its second-largest position.
• Alphabet reported a strong Q1, beating estimates with $5.11 EPS (vs. $2.64) and $109.9B revenue, while Google Cloud grew ~63% to over $20B and backlog jumped near $460B, spurring multiple analyst price-target raises and positive investor sentiment.
• Alphabet raised its quarterly dividend to $0.22 (annualized $0.88, ~0.2% yield), even as insiders have sold roughly 191,986 shares (~$59.2M) in the past 90 days and insiders still own about 11.64% of the company.

Hendershot Investments Inc. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,989 shares of the information services provider's stock after selling 45,123 shares during the period. Alphabet accounts for 6.4% of Hendershot Investments Inc.'s holdings, making the stock its 2nd biggest position. Hendershot Investments Inc.'s holdings in Alphabet were worth $50,390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Lipe & Dalton lifted its holdings in Alphabet by 44.4% during the fourth quarter. Lipe & Dalton now owns 257 shares of the information services provider's stock valued at $80,000 after purchasing an additional 79 shares in the last quarter. Oxinas Partners LLC lifted its holdings in Alphabet by 2.3% during the fourth quarter. Oxinas Partners LLC now owns 8,718 shares of the information services provider's stock valued at $2,729,000 after purchasing an additional 197 shares in the last quarter. Draper Asset Management LLC lifted its holdings in Alphabet by 11.9% during the fourth quarter. Draper Asset Management LLC now owns 102,209 shares of the information services provider's stock valued at $31,991,000 after purchasing an additional 10,874 shares in the last quarter. CM Wealth Advisors LLC lifted its holdings in Alphabet by 58.5% during the fourth quarter. CM Wealth Advisors LLC now owns 18,422 shares of the information services provider's stock valued at $5,766,000 after purchasing an additional 6,797 shares in the last quarter. Finally, Independent Wealth Network Inc. lifted its stake in shares of Alphabet by 1.0% in the fourth quarter. Independent Wealth Network Inc. now owns 4,013 shares of the information services provider's stock worth $1,256,000 after buying an additional 40 shares in the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Alphabet Price Performance

Shares of GOOGL stock opened at $385.69 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 2.01. The firm's 50-day moving average is $313.72 and its two-hundred day moving average is $307.81. Alphabet Inc. has a 12 month low of $147.84 and a 12 month high of $386.76. The company has a market capitalization of $4.67 trillion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Analysts predict that Alphabet Inc. will post 11.62 earnings per share for the current year.

Alphabet Increases Dividend

The firm 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 positive change 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 6.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GOOGL shares. Oppenheimer raised their price target on shares of Alphabet from $360.00 to $425.00 and gave the stock an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Alphabet from $395.00 to $460.00 and gave the stock an "overweight" rating in a research note on Thursday. Needham & Company LLC raised their price target on shares of Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday. Morgan Stanley raised their price target on shares of Alphabet from $330.00 to $375.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, BMO Capital Markets raised their price target on shares of Alphabet from $410.00 to $435.00 and gave the stock an "outperform" rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.48.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 sale, the director directly owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 191,986 shares of company stock valued at $59,159,207 over the last 90 days. Corporate insiders own 11.64% of the company's stock.

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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