Arlington Trust Co LLC cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 67.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,838 shares of the information services provider's stock after selling 12,229 shares during the period. Alphabet makes up approximately 0.2% of Arlington Trust Co LLC's investment portfolio, making the stock its 24th largest holding. Arlington Trust Co LLC's holdings in Alphabet were worth $1,832,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. GPM Growth Investors Inc. grew its stake in shares of Alphabet by 1.4% during the fourth quarter. GPM Growth Investors Inc. now owns 2,634 shares of the information services provider's stock worth $827,000 after purchasing an additional 36 shares during the period. Urban Wealth Management LLC acquired a new stake in shares of Alphabet during the fourth quarter worth $2,598,000. Wealthfront Advisers LLC grew its stake in shares of Alphabet by 5.9% during the fourth quarter. Wealthfront Advisers LLC now owns 599,071 shares of the information services provider's stock worth $187,988,000 after purchasing an additional 33,414 shares during the period. Torren Management LLC acquired a new stake in shares of Alphabet during the fourth quarter worth $329,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Alphabet during the fourth quarter worth $538,000. 27.26% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Oppenheimer reaffirmed an "outperform" rating and set a $425.00 price objective on shares of Alphabet in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $370.00 price objective on shares of Alphabet in a research note on Tuesday, January 20th. Wells Fargo & Company raised Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 23rd. Needham & Company LLC set a $400.00 price objective on Alphabet and gave the stock a "buy" rating in a research note on Friday, March 13th. Finally, Scotiabank reaffirmed an "outperform" rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $362.73.
Read Our Latest Research Report on GOOG
Key Alphabet News
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet’s recent earnings strength continues to drive optimism, with analysts raising price targets and earnings estimates after a strong Q1 beat that showed faster growth in Search, Cloud, and YouTube. Investors are also reacting to broad bullish coverage and high-profile holders adding to GOOG exposure.
- Positive Sentiment: Google is expanding its AI monetization tools, unveiling AI-powered Search and Shopping bidding/budgeting features that could make ad spending more efficient and support ad revenue growth. Article: Google AI Automates Ad Bidding and Budget Pacing
- Positive Sentiment: Alphabet is also leaning into AI and consumer hardware, with new Fitbit Air and AI health-coach launches, plus continued work on smart glasses and broader agentic AI products. These developments reinforce the view that Google is becoming a major AI platform across ads, devices, and subscriptions.
- Neutral Sentiment: Several reports point to continued institutional interest and analyst support, including fund additions and upgraded target prices, but these are largely reinforcement signals rather than immediate catalysts.
- Negative Sentiment: Regulatory overhang remains a concern after Google was given more time to address EU antitrust issues, and a new UK lawsuit over online display ads adds another legal challenge. Article: Google has bit more time to address concerns in EU investigation, EU Commission says
- Negative Sentiment: Google also settled a racial discrimination lawsuit for $50 million, which removes some uncertainty but highlights ongoing reputational and legal risks tied to employment practices. Article: Google settles racial discrimination lawsuit for $50 million
Alphabet Stock Performance
GOOG opened at $397.05 on Friday. The business's 50-day moving average price is $317.19 and its two-hundred day moving average price is $311.59. Alphabet Inc. has a 1 year low of $153.83 and a 1 year high of $398.37. The company has a market capitalization of $4.80 trillion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 1.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter last year, the business posted $2.81 EPS. The company's revenue for the quarter was up 21.8% on a year-over-year basis. Equities analysts expect that Alphabet Inc. will post 14 EPS for the current fiscal year.
Alphabet Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 annualized dividend and a dividend yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is 6.41%.
Insider Transactions at Alphabet
In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of Alphabet stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total value of $178,701.71. Following the sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at $2,923,235.59. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $371.00, for a total value of $37,842.00. Following the completion of the sale, the director directly owned 18,621 shares in the company, valued at $6,908,391. This represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 158,553 shares of company stock worth $47,951,856. 12.99% of the stock is currently owned by company insiders.
Alphabet Profile
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Free Report)
Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.
Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.
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