Atlantic Union Bankshares Corp Has $84.61 Million Stock Position in Alphabet Inc. $GOOGL

Key Points

• Atlantic Union Bankshares trimmed its Alphabet stake by 2.7% in the fourth quarter, but still held 270,332 shares worth about $84.6 million, making Alphabet its 12th-largest holding.
• Alphabet’s latest quarterly results beat expectations, with EPS of $5.11 versus estimates of $2.64 and revenue of $109.9 billion, while analysts continue to see solid growth ahead.
• The company raised its quarterly dividend to $0.22 per share from $0.21, and recent news has been mixed: strong Google Cloud and AI-related momentum, but also some legal and competitive pressures.

Atlantic Union Bankshares Corp reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 270,332 shares of the information services provider's stock after selling 7,642 shares during the quarter. Alphabet accounts for 1.6% of Atlantic Union Bankshares Corp's holdings, making the stock its 12th biggest holding. Atlantic Union Bankshares Corp's holdings in Alphabet were worth $84,614,000 as of its most recent filing with the SEC.

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

Alphabet Price Performance

Shares of GOOGL opened at $380.34 on Monday. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. 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 company has a market capitalization of $4.61 trillion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23. The business has a 50-day moving average of $345.77 and a 200-day moving average of $325.15.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, equities research analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The company 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. This is an increase from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

Insider Buying and Selling at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction that occurred 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 transaction, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 226,369 shares of company stock worth $27,388,127 in the last quarter. Company insiders own 11.61% of the company's stock.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud reported standout Q1’26 results, with revenue up 63% to $20 billion, a 32.9% margin, and a backlog that reached $462 billion, suggesting strong demand and improving profitability. GOOGL Rides on Surging Google Cloud Demand: More Upside Ahead?
• Positive Sentiment: Alphabet and Blackstone announced a partnership to build 500MW of U.S. data center capacity by 2027, underscoring Alphabet’s push to monetize TPU-powered AI compute as a service. Google and Blackstone partner on TPU-powered data centre capacity
• Positive Sentiment: Alphabet’s buy rating was reaffirmed by Barclays, adding to the bullish analyst tone around the stock. Alphabet Class A (GOOGL) Gets a Buy from Cantor Fitzgerald
• Positive Sentiment: Reuters reported that EQT partnered with Google Cloud to accelerate AI adoption across more than 300 portfolio companies, reinforcing Alphabet’s enterprise AI momentum. Private equity firm EQT partners with Google Cloud for AI rollout
• Neutral Sentiment: Waymo continued expanding its robotaxi fleet with lower-cost vehicles and new rider access, which supports Alphabet’s optionality in autonomous driving but is not an immediate earnings driver. Waymo opens Ojai robotaxis to select riders as company aims to lower cost of fleet expansion
• Negative Sentiment: Alphabet is facing fresh reputational and legal pressure after U.S. prosecutors charged a Google engineer in a Polymarket insider-trading case, and an Indian court ruling raised trademark-related ad risk. Indian court ruling on Google keyword ads could reshape online advertising
• Negative Sentiment: Some commentary also suggested Alphabet could face pressure as AI rivals like OpenAI and Anthropic raise larger funding war chests, keeping competition concerns in focus. Anthropic Leapfrogs OpenAI In Valuation. But Here's One Thing To Know.

Analyst Ratings Changes

A number of research analysts have issued reports on GOOGL shares. UBS Group reiterated a "neutral" rating on shares of Alphabet in a research report on Wednesday, May 20th. Evercore lifted their price target on Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Truist Financial set a $430.00 price target on Alphabet and gave the company a "buy" rating in a research note on Friday. Susquehanna reissued a "positive" rating and set a $460.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Finally, Canaccord Genuity Group lifted their price target on Alphabet from $415.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Alphabet currently has an average rating of "Moderate Buy" and a consensus target price of $412.94.

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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