Alphabet Inc. $GOOGL Shares Sold by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments cut its Alphabet stake by 12.2% in the fourth quarter, selling 241,735 shares and leaving it with 1.74 million shares valued at about $533.2 million.
• Alphabet continues to push deeper into AI-driven products, including Gemini-powered Android features, Gemini in Chrome, and new AI-native laptops, while also expanding commerce tools through partnerships with Affirm and Klarna.
• The company reported strong quarterly results with $5.11 EPS versus $2.64 expected and revenue of $109.9 billion, and it also raised its quarterly dividend to $0.22 per share.

Montrusco Bolton Investments Inc. trimmed its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,738,855 shares of the information services provider's stock after selling 241,735 shares during the period. Alphabet makes up approximately 6.6% of Montrusco Bolton Investments Inc.'s holdings, making the stock its 3rd biggest holding. Montrusco Bolton Investments Inc.'s holdings in Alphabet were worth $533,203,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CIBC Bancorp USA Inc. acquired a new stake in shares of Alphabet during the third quarter worth $416,217,000. Sovran Advisors LLC lifted its holdings in shares of Alphabet by 23.6% during the third quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock worth $5,401,000 after purchasing an additional 4,241 shares during the period. Wright Investors Service Inc. lifted its holdings in shares of Alphabet by 21.2% during the third quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider's stock worth $12,171,000 after purchasing an additional 8,746 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Alphabet by 3.8% during the third quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider's stock worth $405,131,000 after purchasing an additional 60,831 shares during the period. Finally, Belpointe Asset Management LLC lifted its holdings in shares of Alphabet by 5.4% during the third quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider's stock worth $17,652,000 after purchasing an additional 3,740 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is rolling out Gemini-powered Android features that let AI understand screen context and complete multi-step tasks, strengthening its AI platform and expanding practical use cases across its ecosystem.
• Positive Sentiment: Google is bringing “agentic” AI, Gemini in Chrome, and new AI-native “Googlebooks” laptops to market, signaling a broader product cycle that could support future revenue growth and keep Alphabet competitive with Apple and other tech giants.
• Positive Sentiment: Alphabet’s partnership with Affirm and Klarna to embed pay-over-time options into Gemini and Google Search could boost commerce activity, improve conversion rates, and make Google Pay more valuable to consumers and merchants.
• Positive Sentiment: Google-backed Isomorphic Labs raised $2.1 billion to scale AI-driven drug discovery, underscoring investor enthusiasm for Alphabet’s broader AI ecosystem and the value of its venture investments.
• Positive Sentiment: Reports that Alphabet is exploring first-ever yen bond financing to fund AI infrastructure suggest the company is willing to invest aggressively in compute capacity, which investors may view as necessary to defend and extend its AI lead.
• Neutral Sentiment: Commentary around Alphabet nearing Nvidia in market value and being at the center of the AI boom highlights strong momentum, but these are more market narratives than immediate fundamental catalysts.
• Negative Sentiment: Alphabet’s heavier AI spending and new debt issuance may pressure near-term margins and raise concerns that the company is trading balance-sheet strength for a more capital-intensive growth strategy.
• Negative Sentiment: Waymo’s robotaxi recall over a self-driving software issue is a reminder that Alphabet’s broader “Other Bets” businesses still carry operational and regulatory execution risks.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the sale, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 158,553 shares of company stock worth $47,951,856. 11.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on GOOGL. Citigroup reaffirmed an "outperform" rating on shares of Alphabet in a report on Monday, May 4th. Dbs Bank boosted their price objective on Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Freedom Capital cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. Roth Mkm reissued a "buy" rating on shares of Alphabet in a report on Thursday, April 30th. Finally, KeyCorp set a $425.00 price objective on Alphabet and gave the company an "overweight" rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $407.86.

Alphabet Trading Down 0.3%

GOOGL stock opened at $387.35 on Wednesday. The company's 50-day simple moving average is $323.56 and its 200-day simple moving average is $314.66. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 52-week low of $156.16 and a 52-week high of $402.00. The firm has a market cap of $4.69 trillion, a P/E ratio of 29.55, a PEG ratio of 1.59 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (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 for the quarter, compared to analyst estimates of $106.98 billion. As a group, equities analysts forecast that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders 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 dividend yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio is currently 6.41%.

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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