Alphabet Inc. $GOOGL Shares Sold by First Horizon Corp

Key Points

• First Horizon Corp trimmed its stake in Alphabet by 3.9%, selling 3,235 shares and leaving it with 79,258 shares valued at $24.81 million (Alphabet is 1.1% of its portfolio and its 21st largest holding).
• Alphabet beat Q1 expectations, reporting $5.11 EPS vs. $2.64 estimate and $109.9B revenue with a surging Google Cloud backlog, triggering analyst upgrades and a consensus price target near $402.96.
• Notable insider selling occurred this quarter—insiders sold 191,053 shares worth about $58.8 million (including John Kent Walker and CEO Sundar Pichai), though insiders still own 11.61% of the company.

First Horizon Corp lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,258 shares of the information services provider's stock after selling 3,235 shares during the period. Alphabet accounts for 1.1% of First Horizon Corp's investment portfolio, making the stock its 21st biggest position. First Horizon Corp's holdings in Alphabet were worth $24,808,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Symmetry Partners LLC grew its stake in Alphabet by 0.4% in the fourth quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider's stock worth $2,476,000 after purchasing an additional 30 shares in the last quarter. Members Trust Co lifted its holdings in Alphabet by 0.5% during the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock worth $2,014,000 after buying an additional 31 shares during the last quarter. Altfest L J & Co. Inc. grew its position in shares of Alphabet by 0.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider's stock worth $2,489,000 after acquiring an additional 31 shares in the last quarter. Lifelong Wealth Advisors Inc. grew its position in shares of Alphabet by 1.9% in the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider's stock worth $541,000 after acquiring an additional 33 shares in the last quarter. Finally, White Wing Wealth Management increased its holdings in shares of Alphabet by 2.9% in the 4th quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider's stock valued at $362,000 after acquiring an additional 33 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOGL stock opened at $383.25 on Tuesday. 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 stock has a market capitalization of $4.64 trillion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.80 and a beta of 1.26. Alphabet Inc. has a 1 year low of $147.84 and a 1 year high of $387.38. The stock's fifty day moving average is $313.72 and its two-hundred day moving average is $308.70.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results 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. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. On average, research analysts predict that Alphabet Inc. will post 12.94 EPS for the current year.

Alphabet Increases Dividend

The company 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 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Insider Activity

In other Alphabet news, insider John Kent Walker sold 47,574 shares of the firm's stock in a transaction that occurred on 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 sale, the insider owned 13,227 shares in the company, valued at approximately $3,987,279.15. This trade represents a 78.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total value of $9,877,400.00. Following the sale, the chief executive officer directly owned 2,818,524 shares in the company, valued at approximately $856,605,814.08. This trade represents a 1.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 191,053 shares of company stock worth $58,845,206 in the last quarter. Company 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: Google Cloud is outgrowing AWS and Azure — Cloud revenue and backlog surged (Cloud growth ~63% in Q1; backlog nearly doubled), supporting higher long‑term revenue and margins for Alphabet. Alphabet's Google Cloud growth outpaces AWS and Azure
• Positive Sentiment: Q1 beat and backlog surge: Alphabet reported stronger‑than‑expected EPS/revenue and a hefty cloud backlog, giving analysts room to lift targets and implying continued earnings momentum. Alphabet Inc. 2026 Q1 - Results - Earnings Call Presentation
• Positive Sentiment: Multiple analyst upgrades and higher price targets (JPMorgan reaffirmed buy; several firms raised targets, including a large bump from Citizens/JMP), which supports upside expectations and likely underpins buying interest. Google closes in on Nvidia. Why Alphabet stock remains JP Morgan’s top overall pick
• Positive Sentiment: Big long‑term optionality via Waymo and autonomous investments — sizable VC/strategic funding into Waymo reinforces Alphabet’s exposure to a potentially high‑value mobility business. Big money is betting the self-driving future belongs to a small club
• Positive Sentiment: Market narrative: Alphabet is highlighted among top AI investment ideas — positive attention that can attract flows into GOOGL as AI leadership becomes the investment theme. Here is Why Alphabet (GOOGL) Is Among the Most Promising AI Stocks to Invest In
• Neutral Sentiment: Chip demand tailwind but higher capex: Google’s planned ~$190B AI buildout boosts demand for semiconductors (positive for suppliers) but signals very large capex that could pressure free cash flow in the near term. 3 Semiconductor Stocks Poised to Gain as Google Eyes $190B AI Buildout
• Neutral Sentiment: Minor insider activity: a director sold about $38k of stock — small and routine, not a clear signal of management sentiment. Alphabet NASDAQ: GOOGL Director Sells $37,842.00 in Stock
• Negative Sentiment: Infrastructure headwind: Denmark paused new data‑center connections due to grid strain — a reminder of regulatory and power constraints that can slow data‑center expansion and raise costs for cloud scaling. Denmark faces data center reckoning as power grid overwhelmed by surging demand

Analyst Ratings Changes

Several equities research analysts recently issued reports on GOOGL shares. Evercore upped their price target on Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. Oppenheimer lifted their price objective on shares of Alphabet from $360.00 to $425.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. Raymond James Financial raised shares of Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, January 22nd. President Capital raised their price target on shares of Alphabet from $323.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Finally, Rosenblatt Securities lifted their price target on shares of Alphabet from $357.00 to $393.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Two equities 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $402.96.

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.

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