Campbell Newman Asset Management Inc. Trims Holdings in Alphabet Inc. $GOOGL

Key Points

• Campbell Newman Asset Management cut its Alphabet stake by 44.8% in the first quarter, selling 15,874 shares and ending with 19,565 shares worth about $5.63 million.
• Alphabet is drawing mixed headlines: it was chosen to replace Verizon in the Dow Jones Industrial Average, but investor sentiment has been pressured by reports of AI talent departures and a delay to Gemini 3.5 Pro.
• The company recently beat quarterly earnings estimates, and analysts remain broadly constructive with a Moderate Buy consensus and average price target of $413.13.

Campbell Newman Asset Management Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 44.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,565 shares of the information services provider's stock after selling 15,874 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in Alphabet were worth $5,626,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Lifetime Wealth Management P.C. acquired a new stake in Alphabet during the 4th quarter valued at approximately $32,000. EMC Capital Management acquired a new stake in shares of Alphabet in the fourth quarter worth $33,000. PMV Capital Advisers LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $38,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Alphabet during the fourth quarter worth $38,000. Finally, Bard Associates Inc. purchased a new position in shares of Alphabet during the fourth quarter worth $52,000. Hedge funds and other institutional investors own 40.03% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet was announced as the replacement for Verizon in the Dow Jones Industrial Average, a high-profile index inclusion that can boost demand from index funds and improve investor sentiment. Alphabet replacing Verizon in Dow Jones Industrial Average index
• Positive Sentiment: Google Finance launched a new app and expanded portfolio-tracking tools, adding another product update that could support engagement across Google’s financial services ecosystem. Google Finance Debuts App and Investment Tracking Capabilities
• Neutral Sentiment: Several reports noted Alphabet remains a favored large-cap tech name among some investors and that the stock had previously benefited from the Dow inclusion announcement.
• Negative Sentiment: News that multiple AI researchers are leaving Google for rivals such as Anthropic and OpenAI is pressuring sentiment, as investors worry about talent retention and competitive pressure in AI. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Additional coverage of Google’s “brain drain” and reports that Gemini 3.5 Pro was delayed to July add to concerns that Alphabet may be losing ground in the AI race. Google delays Gemini 3.5 Pro launch to July as it tweaks its new frontier AI model
• Negative Sentiment: The broader selloff also reflects anxiety around AI execution and competition, with investors reacting to talent departures and delays rather than the company’s longer-term fundamentals.

Insider Activity at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the transaction, the director directly owned 2,531 shares in the company, valued at $995,341.06. This represents a 29.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 151,523 shares of company stock valued at $4,863,526. 11.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

GOOGL has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a report on Monday. Oppenheimer lifted their price target on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. Rothschild & Co Redburn raised their price objective on shares of Alphabet from $390.00 to $430.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. The Goldman Sachs Group lifted their target price on shares of Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Finally, Morgan Stanley boosted their target price on shares of Alphabet from $330.00 to $375.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $413.13.

Alphabet Trading Down 0.5%

Shares of GOOGL stock opened at $343.71 on Friday. Alphabet Inc. has a 1-year low of $169.94 and a 1-year high of $408.61. The company has a market cap of $4.16 trillion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.48 and a beta of 1.23. 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 stock has a 50 day simple moving average of $368.94 and a 200-day simple moving average of $332.85.

Alphabet (NASDAQ:GOOGL - 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 analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, equities research analysts expect that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.3%. Alphabet's payout ratio is 6.71%.

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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