Davidson Trust Co. Decreases Stock Position in Alphabet Inc. $GOOGL

Key Points

• Davidson Trust Co. cut its Alphabet stake by 16.4% in Q4, selling 1,387 shares and ending the quarter with 7,049 shares valued at about $2.206 million.
• Positive company momentum: Alphabet beat Q1 estimates (EPS $5.11 vs. $2.64) and is seeing major cloud tailwinds, including a reported Anthropic multiyear purchase commitment (~$200 billion over five years), plus analyst price‑target raises and strong euro‑bond demand.
• Notable insider activity: CEO Sundar Pichai sold 32,500 shares (~$9.86M) and insiders have sold 158,553 shares (~$47.95M) in the last 90 days, though insiders still own 11.61% of the stock.

Davidson Trust Co. lowered its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,049 shares of the information services provider's stock after selling 1,387 shares during the quarter. Davidson Trust Co.'s holdings in Alphabet were worth $2,206,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. CIBC Bancorp USA Inc. bought a new stake in shares of Alphabet in the 3rd quarter worth about $416,217,000. Sovran Advisors LLC increased its holdings in shares of Alphabet by 23.6% in the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock worth $5,401,000 after buying an additional 4,241 shares during the last quarter. Wright Investors Service Inc. increased its holdings in shares of Alphabet by 21.2% in the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider's stock worth $12,171,000 after buying an additional 8,746 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Alphabet by 3.8% in the 3rd quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider's stock worth $405,131,000 after buying an additional 60,831 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in shares of Alphabet by 5.4% in the 3rd quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider's stock worth $17,652,000 after buying an additional 3,740 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Anthropic committed to a multiyear purchase deal with Google Cloud reportedly worth about $200 billion over five years — a massive, long‑term revenue catalyst for Google Cloud and an endorsement of Alphabet’s AI infrastructure business. Anthropic commits to spending $200 billion on Google's cloud and chips, The Information reports
• Positive Sentiment: Analysts kept raising targets and reiterating buys after strong Q1 results and cloud growth — notable lifts from firms including Citizens/JMP, New Street, China Renaissance, Daiwa and President Capital — supporting upside expectations. Citizens Jmp price target raise
• Positive Sentiment: Alphabet’s euro bond deal drew strong demand (orders well above the planned issuance), signaling institutional appetite to fund the company’s AI/capex plans without equity dilution. Alphabet taps euro bond market with six-tranche offering
• Positive Sentiment: Competitive moves: reports that Google will sell TPUs directly could expand its AI‑compute addressable market and pressure rivals (notably Nvidia) — a strategic push that investors view as positive for long‑term AI economics. Google Moves to Sell TPUs Directly
• Neutral Sentiment: The U.S. government and multiple AI firms (including Google/DeepMind) agreed to share pre‑release models for national‑security risk reviews — this increases oversight but also legitimizes Google as a trusted provider for sensitive use cases. What we know about US stress tests of Google, xAI and Microsoft AI models
• Neutral Sentiment: Market cap momentum story: coverage noted Alphabet closing the gap with Nvidia as one of the world’s largest companies, which can attract index and momentum flows but also draw headline volatility. Alphabet closes in on Nvidia's spot as world's biggest company
• Negative Sentiment: EU regulatory friction: a senior Google scientist warned EU regulators that proposed data‑sharing rules could expose user data — heightening European regulatory risk to search and AI data practices. Top Google scientist says EU data measures pose privacy risk for users
• Negative Sentiment: Labor and reputational risk: DeepMind/Google AI staff in the UK voted to unionize and workers have demanded recognition over military use of tech — potential operational, PR and execution risk for AI teams. UK Google DeepMind employees vote to unionize
• Negative Sentiment: Some sell‑side/independent calls temper enthusiasm (a downgrade from Freedom Capital and contrarian technical crash calls), which can amplify short‑term volatility despite strong fundamentals. Freedom Capital downgrade / Zacks

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 955 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares in the company, valued at $2,955,564. This represents a 8.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the completion of the transaction, the chief executive officer owned 1,674,560 shares in the company, valued at $508,028,012.80. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 158,553 shares of company stock valued at $47,951,856 over the last 90 days. 11.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GOOGL shares. Susquehanna restated a "positive" rating and issued a $460.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Moffett Nathanson boosted their target price on shares of Alphabet from $305.00 to $350.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Pivotal Research boosted their target price on shares of Alphabet from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Thursday, February 5th. Wells Fargo & Company reduced their target price on shares of Alphabet from $397.00 to $361.00 and set an "overweight" rating on the stock in a report on Thursday, April 2nd. Finally, Mizuho upped their price target on shares of Alphabet from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $405.94.

Alphabet Stock Performance

Alphabet stock opened at $388.46 on Wednesday. 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 firm has a market capitalization of $4.70 trillion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.71 and a beta of 1.26. The company's 50-day moving average is $315.19 and its 200 day moving average is $309.67. Alphabet Inc. has a 1-year low of $147.84 and a 1-year high of $392.82.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Research analysts forecast that Alphabet Inc. will post 13.58 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced 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 is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's 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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