Alphabet Inc. $GOOGL is White Pine Investment CO's 2nd Largest Position

Key Points

• White Pine Investment Co. trimmed its Alphabet stake by 5.6% in the fourth quarter, but the stock remains its second-largest holding at 6.2% of the portfolio, worth about $26.35 million.
• Alphabet continues to draw strong institutional interest, with major investors like State Street, Capital World Investors, and Capital Research Global Investors increasing their positions. Overall, 40.03% of the stock is owned by institutional investors.
• The company is leaning heavily into AI, expanding Gemini across Android, Search, and Chrome, while also adding new AI-native products and payment integrations. Alphabet’s latest results also beat estimates, and it recently raised its quarterly dividend to $0.22 per share.

White Pine Investment CO trimmed its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,180 shares of the information services provider's stock after selling 5,019 shares during the quarter. Alphabet accounts for 6.2% of White Pine Investment CO's holdings, making the stock its 2nd largest holding. White Pine Investment CO's holdings in Alphabet were worth $26,348,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in Alphabet by 1.8% during the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares in the last quarter. Capital World Investors lifted its stake in shares of Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after buying an additional 11,605,785 shares during the period. Capital Research Global Investors grew its holdings in shares of Alphabet by 15.7% during the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock valued at $12,333,076,000 after buying an additional 6,874,381 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Alphabet by 2.3% during the third quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock valued at $10,984,744,000 after buying an additional 1,034,292 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Alphabet by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 39,250,829 shares of the information services provider's stock valued at $9,541,877,000 after acquiring an additional 392,547 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google is deepening Gemini’s role across Android, Search, Chrome, and the Gemini app, with new agentic AI features that can complete multi-step tasks, which could strengthen user engagement and long-term monetization. Google races to put Gemini at the center of Android before Apple's AI reboot
• Positive Sentiment: Alphabet unveiled more AI-native products and updates, including Googlebooks laptops and new Gemini-powered Android features, underscoring that the company is pushing AI deeper into its ecosystem. Everything Google announced at its Android Show, from Googlebooks to vibe-coded widgets
• Positive Sentiment: Alphabet announced an integration of Affirm and Klarna pay-over-time options into Google Pay, Search, and Gemini, which could improve conversion rates and make Google’s commerce ecosystem more valuable. Affirm Brings Pay-Over-Time Options to Google AI Platforms
• Positive Sentiment: Google-backed Isomorphic Labs raised $2.1 billion, highlighting Alphabet’s exposure to high-upside AI applications beyond search and advertising. Google-backed Isomorphic raises $2.1 billion to scale AI-driven drug discovery
• Neutral Sentiment: Alphabet is reportedly considering a first-ever yen bond sale to help fund rising AI infrastructure spending, which supports growth plans but also signals higher capital needs. Alphabet considers first yen bond sale to fund AI goals
• Negative Sentiment: Waymo is recalling nearly 3,800 robotaxis over a software issue involving flooded roads, a reminder that Alphabet’s autonomous driving unit still faces operational and regulatory risk. Waymo to recall nearly 3,800 robotaxis over self-driving software issue

Wall Street Analyst Weigh In

GOOGL has been the topic of several research reports. Wedbush upped their target price on Alphabet from $360.00 to $370.00 and gave the company an "outperform" rating in a research report on Thursday, February 5th. Royal Bank Of Canada set a $425.00 target price on Alphabet and gave the company an "outperform" rating in a research report on Thursday, April 30th. Arete Research upped their target price on Alphabet from $380.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, February 11th. UBS Group set a $410.00 target price on Alphabet and gave the company a "neutral" rating in a research report on Thursday, April 30th. Finally, Roth Mkm reissued a "buy" rating on shares of Alphabet in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $407.86.

Alphabet Price Performance

Shares of GOOGL opened at $387.35 on Wednesday. The business's 50-day moving average is $323.56 and its two-hundred day moving average is $314.66. The company has a market capitalization of $4.69 trillion, a P/E ratio of 29.55, a P/E/G ratio of 1.59 and a beta of 1.26. 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 Inc. has a fifty-two week low of $156.16 and a fifty-two week high of $402.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Research analysts predict that Alphabet Inc. will post 14.29 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. Investors of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is 6.41%.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 47,574 shares of the firm's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares of the company's stock, valued at approximately $3,987,279.15. This trade represents a 78.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 955 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the transaction, the chief accounting officer directly owned 9,918 shares in the company, valued at $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 158,553 shares of company stock valued at $47,951,856. 11.61% of the stock is owned by corporate insiders.

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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