Baxter Bros Inc. Lowers Stock Position in Alphabet Inc. $GOOGL

Key Points

• Baxter Bros Inc. trimmed its stake in Alphabet by 9.7% in Q4, selling 10,340 shares and leaving it with 96,495 shares worth $30.2 million (about 3.5% of the firm's portfolio and its 7th-largest holding).
• Alphabet beat Q1 estimates, reporting $5.11 EPS vs. $2.64 expected and $109.9B in revenue, while Google Cloud surged ~63% to over $20B and backlog climbed near $460B, underpinning earnings momentum.
• Dividend and analyst upgrades: Alphabet raised its quarterly dividend to $0.22 per share, and Wall Street has been re-rating the stock with several firms raising targets (Goldman Sachs to $450; consensus price target ≈ $397.48).

Baxter Bros Inc. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 96,495 shares of the information services provider's stock after selling 10,340 shares during the quarter. Alphabet comprises about 3.5% of Baxter Bros Inc.'s portfolio, making the stock its 7th biggest holding. Baxter Bros Inc.'s holdings in Alphabet were worth $30,203,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the stock. Prosperity Financial Group Inc. lifted its position in shares of Alphabet by 9.5% during the 4th quarter. Prosperity Financial Group Inc. now owns 21,223 shares of the information services provider's stock valued at $6,643,000 after acquiring an additional 1,841 shares during the period. Discipline Wealth Solutions LLC lifted its position in shares of Alphabet by 6.9% during the 4th quarter. Discipline Wealth Solutions LLC now owns 4,533 shares of the information services provider's stock valued at $1,419,000 after acquiring an additional 293 shares during the period. Strid Group LLC raised its holdings in shares of Alphabet by 16.3% during the 4th quarter. Strid Group LLC now owns 1,087 shares of the information services provider's stock worth $340,000 after buying an additional 152 shares in the last quarter. Pursuit Wealth Management LLC acquired a new position in shares of Alphabet during the 4th quarter worth $2,851,000. Finally, Nations Financial Group Inc. IA ADV increased its holdings in Alphabet by 19.2% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 99,174 shares of the information services provider's stock worth $31,042,000 after purchasing an additional 15,954 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Alphabet Price Performance

Alphabet stock opened at $385.69 on Friday. Alphabet Inc. has a one year low of $147.84 and a one year high of $386.76. The business has a fifty day moving average price of $313.72 and a 200-day moving average price of $307.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 2.01. The firm has a market capitalization of $4.67 trillion, a P/E ratio of 29.42, a PEG ratio of 2.37 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. As a group, equities research analysts forecast that Alphabet Inc. will post 11.62 EPS for the current 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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio is presently 7.77%.

Insider Activity

In other news, CAO Amie Thuener O'toole sold 617 shares of the business's 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 completion of the sale, the chief accounting officer owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the sale, the director directly owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. This trade represents a 22.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 191,986 shares of company stock valued at $59,159,207. 11.64% of the stock is owned by insiders.

Analyst Ratings Changes

GOOGL has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday. HSBC upped their target price on Alphabet from $385.00 to $435.00 and gave the company a "buy" rating in a research report on Thursday. Raymond James Financial upgraded Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, January 22nd. Dbs Bank upped their target price on Alphabet from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, April 17th. Finally, DZ Bank reiterated a "buy" rating on shares of Alphabet in a report on Monday, February 16th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $397.48.

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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