Fort Washington Investment Advisors Inc. OH Cuts Stake in Alphabet Inc. $GOOGL

Key Points

• Fort Washington Investment Advisors trimmed its Alphabet stake by 2.5% in the first quarter, selling 2,160 shares and leaving it with 83,900 shares valued at about $24.1 million.
• Several other institutional investors either added to or reduced positions, while 40.03% of Alphabet’s stock is currently held by institutional investors and hedge funds.
• Alphabet’s recent fundamentals remain strong: it beat quarterly earnings and revenue estimates, raised its quarterly dividend to $0.22, and analysts maintain a Moderate Buy consensus with an average price target of $413.54.

Fort Washington Investment Advisors Inc. OH decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,900 shares of the information services provider's stock after selling 2,160 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Alphabet were worth $24,126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GOOGL. Border to Coast Pensions Partnership Ltd lifted its stake in shares of Alphabet by 3.4% during the first quarter. Border to Coast Pensions Partnership Ltd now owns 1,013,789 shares of the information services provider's stock worth $292,418,000 after purchasing an additional 33,101 shares in the last quarter. Summerhill Capital Management lnc. grew its stake in shares of Alphabet by 2.2% in the first quarter. Summerhill Capital Management lnc. now owns 50,210 shares of the information services provider's stock valued at $14,438,000 after buying an additional 1,094 shares in the last quarter. Braun Stacey Associates Inc. grew its stake in shares of Alphabet by 1.5% in the first quarter. Braun Stacey Associates Inc. now owns 317,123 shares of the information services provider's stock valued at $91,192,000 after buying an additional 4,793 shares in the last quarter. ABN AMRO Bank N.V. lifted its position in Alphabet by 6.4% during the 1st quarter. ABN AMRO Bank N.V. now owns 602,865 shares of the information services provider's stock worth $172,112,000 after acquiring an additional 36,020 shares in the last quarter. Finally, Traveka Wealth LLC boosted its holdings in Alphabet by 35.5% in the 1st quarter. Traveka Wealth LLC now owns 20,879 shares of the information services provider's stock worth $6,004,000 after acquiring an additional 5,466 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, 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 transaction, the director owned 2,531 shares of the company's stock, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the transaction, the insider owned 75,290 shares of the company's stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 160,465 shares of company stock worth $8,020,511 over the last ninety days. Insiders own 11.61% of the company's stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $359.91 on Friday. Alphabet Inc. has a 12-month low of $172.77 and a 12-month 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 firm has a market capitalization of $4.36 trillion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24. The business has a 50 day simple moving average of $371.05 and a 200 day simple moving average of $334.41.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share 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 firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. On average, equities research analysts anticipate that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio is currently 6.71%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GOOGL shares. President Capital upped their target price on shares of Alphabet from $375.00 to $465.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Piper Sandler reaffirmed an "overweight" rating and issued a $445.00 target price (up from $425.00) on shares of Alphabet in a research report on Monday, June 1st. Loop Capital lifted their price target on shares of Alphabet from $355.00 to $490.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Phillip Securities upped their price target on shares of Alphabet from $340.00 to $395.00 and gave the company a "moderate buy" rating in a report on Wednesday, April 15th. Finally, New Street Research raised their price objective on shares of Alphabet from $450.00 to $455.00 and gave the stock a "buy" rating in a report on Friday, June 5th. Two investment 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $413.54.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several recent stories highlight Alphabet’s AI and cloud momentum, including Google Cloud traction with enterprise customers like Jack Henry and growing use of Google’s cloud tech by Italy’s Intesa Sanpaolo, which supports the bull case for future growth. Article Title
• Positive Sentiment: Jim Cramer argued that Alphabet still looks cheap, reinforcing a valuation-supportive narrative for GOOGL after its pullback. Article Title
• Positive Sentiment: Wall Street sentiment remains constructive, with Wells Fargo keeping an overweight rating and multiple analysts maintaining buy recommendations, which may help support the stock. Article Title
• Neutral Sentiment: Alphabet’s insider selling by John Kent Walker appears routine and is not, by itself, a major fundamental concern for investors. Article Title
• Neutral Sentiment: Coverage around Alphabet’s growing role in AI-powered shopping, robotaxis, and other ecosystem developments adds to the long-term story, but these are more thesis-supportive than immediate catalysts. Article Title
• Negative Sentiment: The biggest drag is the EU Supreme Court decision upholding Alphabet’s €4.1 billion Android antitrust fine, which reinforces legal and regulatory overhangs for the stock. Article Title
• Negative Sentiment: A separate Swedish court ruling ordered Alphabet to pay nearly $2 billion in a price-comparison dispute, adding to the sense that antitrust and competition risks remain active. Article Title

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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