Alphabet Inc. $GOOGL Shares Sold by JLB & Associates Inc.

Key Points

• JLB & Associates Inc. trimmed its Alphabet stake by 7.3% in the fourth quarter, selling 2,223 shares and ending with 28,418 shares worth about $8.9 million.
• Alphabet continues to receive mostly bullish analyst coverage, with a consensus “Moderate Buy” rating and a consensus price target of $412.65, even though one firm recently downgraded the stock to hold.
• The company posted strong quarterly results, including $5.11 EPS on $109.9 billion in revenue, and also raised its quarterly dividend to $0.22 per share.

JLB & Associates Inc. reduced its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,418 shares of the information services provider's stock after selling 2,223 shares during the period. JLB & Associates Inc.'s holdings in Alphabet were worth $8,918,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $38,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $53,000. Kentucky Trust Co increased its position in shares of Alphabet by 142.9% in the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after purchasing an additional 100 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $53,000. Finally, Sellwood Investment Partners LLC purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $63,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GOOGL shares. CICC Research increased their price objective on shares of Alphabet from $388.00 to $407.91 and gave the company an "outperform" rating in a research report on Friday, May 1st. Freedom Capital downgraded shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Wells Fargo & Company reissued an "overweight" rating and issued a $435.00 price objective (up from $427.00) on shares of Alphabet in a research report on Wednesday, May 20th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Finally, Susquehanna reissued a "positive" rating and issued a $460.00 price objective (up from $400.00) 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 assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Moderate Buy" and a consensus price target of $412.65.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: At Google I/O 2026, Alphabet unveiled a broader AI lineup, including new Gemini models, AI search features, AI glasses, and ad products designed to monetize conversational search more effectively. Alphabet Just Unveiled Its Most Ambitious AI Lineup Yet
• Positive Sentiment: Google also announced a $15 billion Missouri AI data hub investment, highlighting long-term infrastructure spending, energy efficiency, and community investment that support its AI expansion plans. How Google’s $15 Billion Missouri AI Data Hub Strategy Could Reshape Alphabet’s Investor Narrative
• Positive Sentiment: Reports also noted Google’s push to make ads work inside AI search, suggesting new ways to monetize search traffic as the product shifts toward conversational results. Google Wants Ads to Talk Back in AI Search
• Neutral Sentiment: Alphabet remains widely watched by investors and screening services, keeping the stock in focus but not adding a clear new fundamental catalyst. Investors Heavily Search Alphabet Inc. (GOOGL): Here is What You Need to Know
• Negative Sentiment: Competitive concerns are rising after a TechCrunch report said DuckDuckGo installs jumped as some users rejected Google’s AI search changes, implying possible user pushback. DuckDuckGo installs are up 30% as users reject being ‘force-fed' Google's AI Search
• Negative Sentiment: Alphabet also faces continued antitrust overhang, with reports that the EU is preparing a large fine in its investigation into Google’s practices. EU plans to fine Google high triple-digit million euro sum as part of antitrust investigation: report
• Negative Sentiment: Google is also appealing a court decision tied to its search monopoly, keeping regulatory risk front and center for the stock. Google Appeals Court Decision on Search Monopoly

Alphabet Trading Up 1.5%

NASDAQ GOOGL opened at $388.88 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm's fifty day moving average price is $341.07 and its 200 day moving average price is $323.00. The company has a market capitalization of $4.71 trillion, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 1.64 and a beta of 1.26. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, sell-side analysts expect that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm 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 dividend of $0.22 per share. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is currently 6.71%.

Insider Activity

In related news, Director Frances Arnold sold 102 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00. Following the completion of the sale, the director owned 18,621 shares in the company, valued at $6,908,391. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 8,993 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 226,481 shares of company stock worth $27,422,061 over the last 90 days. 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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