Alphabet Inc. $GOOGL Shares Sold by Banque Transatlantique SA

Key Points

• Banque Transatlantique SA trimmed its Alphabet stake by 6.8% in the fourth quarter, but it still owned 632,061 shares worth about $198.6 million, making GOOGL its sixth-largest holding.
• Alphabet reported strong quarterly results, with EPS of $5.11 beating estimates by a wide margin and revenue of $109.9 billion topping expectations. The company also raised its quarterly dividend to $0.22 from $0.21.
• Wall Street sentiment remains positive, with several firms raising price targets and the stock carrying a Moderate Buy consensus rating. However, the article also notes ongoing concerns around AI talent departures and regulatory scrutiny in areas like search and Waymo.

Banque Transatlantique SA reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 632,061 shares of the information services provider's stock after selling 45,882 shares during the period. Alphabet comprises approximately 4.8% of Banque Transatlantique SA's portfolio, making the stock its 6th biggest position. Banque Transatlantique SA's holdings in Alphabet were worth $198,572,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GOOGL. PMV Capital Advisers LLC purchased a new stake in Alphabet in the 4th quarter valued at $38,000. IFC & Insurance Marketing Inc. bought a new position in Alphabet during the 4th quarter valued at $38,000. Bard Associates Inc. purchased a new position in Alphabet during the 4th quarter worth $52,000. Kentucky Trust Co boosted its holdings in Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock worth $53,000 after acquiring an additional 100 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in shares of Alphabet in the 3rd quarter worth $53,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

GOOGL opened at $368.48 on Friday. Alphabet Inc. has a fifty-two week low of $162.00 and a fifty-two week high of $408.61. The firm has a 50-day moving average of $367.04 and a 200 day moving average of $331.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market cap of $4.46 trillion, a P/E ratio of 28.11, a PEG ratio of 1.57 and a beta of 1.23.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, research analysts expect that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were 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 was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's payout ratio is presently 6.71%.

Wall Street Analyst Weigh In

GOOGL has been the subject of several analyst reports. Bank of America increased their target price on shares of Alphabet from $370.00 to $430.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Oppenheimer boosted their price target on shares of Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. BMO Capital Markets increased their price objective on shares of Alphabet from $410.00 to $435.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Mizuho lifted their target price on shares of Alphabet from $420.00 to $460.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $435.00 target price (up from $427.00) on shares of Alphabet in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $413.13.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 102 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the transaction, the director directly owned 18,721 shares of the company's stock, valued at approximately $7,132,701. 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 is accessible through this link. Also, insider John Kent Walker sold 8,993 shares of the firm's stock in a transaction on 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 sale, the insider directly owned 51,808 shares of the company's stock, valued at $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 160,516 shares of company stock worth $7,344,604 in the last three months. Insiders own 11.61% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is being viewed as a major AI winner thanks to ongoing investment in AI infrastructure and data centers, which could support future cloud and AI revenue growth. Article Title
• Positive Sentiment: Reports that Berkshire Hathaway nearly tripled its Alphabet position may be seen as a strong vote of confidence from a major long-term investor. Article Title
• Positive Sentiment: Coverage emphasizing Alphabet’s strong earnings and expanding Google Cloud backlog supports the case for continued fundamental improvement. Article Title
• Neutral Sentiment: Alphabet’s stock is drawing increased investor attention and analyst commentary, but these are mostly sentiment-driven mentions rather than new company-specific catalysts. Article Title
• Negative Sentiment: Noam Shazeer, a top Google DeepMind/Gemini AI leader, is leaving for OpenAI, underscoring the competitive AI talent war. Article Title
• Negative Sentiment: John Jumper is also departing Google DeepMind for Anthropic, adding to concerns that Alphabet may be losing key AI researchers. Article Title
• Negative Sentiment: Waymo’s recall of nearly 3,900 robotaxis after construction-zone driving errors raises safety and regulatory concerns for Alphabet’s autonomous vehicle business. Article Title
• Negative Sentiment: The UK ordering Google to improve search-ranking transparency highlights continued regulatory scrutiny over its core search business. Article Title

About Alphabet

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.