GRIMES & Co WEALTH MANAGEMENT LLC Lowers Holdings in Alphabet Inc. $GOOGL

Key Points

• GRIMES & Co Wealth Management reduced its Alphabet stake by 7.6% in the fourth quarter, selling 12,453 shares and leaving it with 150,998 shares worth about $47.3 million.
• Alphabet reported strong quarterly results, beating earnings and revenue estimates with EPS of $5.11 versus $2.64 expected and revenue of $109.9 billion, while also trading near its 52-week high at $388.88.
• The company raised its quarterly dividend to $0.22 per share from $0.21, but investors still face ongoing regulatory and competitive risks tied to antitrust scrutiny and shifts in AI search.

GRIMES & Co WEALTH MANAGEMENT LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 150,998 shares of the information services provider's stock after selling 12,453 shares during the quarter. Alphabet accounts for approximately 1.1% of GRIMES & Co WEALTH MANAGEMENT LLC's investment portfolio, making the stock its 18th biggest holding. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Alphabet were worth $47,262,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC purchased a new stake in Alphabet in the fourth quarter valued at $38,000. Kentucky Trust Co boosted its holdings 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 purchasing an additional 100 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in Alphabet in the third quarter valued at $53,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Alphabet in the third quarter valued at $53,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the fourth quarter valued at $69,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 company's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director 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 226,481 shares of company stock worth $27,422,061. Company insiders own 11.61% of the company's stock.

Alphabet Trading Up 1.5%

GOOGL stock opened at $388.88 on Wednesday. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $408.61. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The company's 50-day simple moving average is $341.07 and its 200-day simple moving average is $323.00. The firm has a market cap of $4.71 trillion, a P/E ratio of 29.66, a PEG ratio of 1.64 and a beta of 1.26.

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 for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. As a group, equities analysts forecast that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's payout ratio is currently 6.71%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: At Google I/O 2026, Alphabet unveiled a broader AI lineup, including new Gemini models, AI search features, AI glasses, and ad products designed to monetize conversational search more effectively. Alphabet Just Unveiled Its Most Ambitious AI Lineup Yet
• Positive Sentiment: Google also announced a $15 billion Missouri AI data hub investment, highlighting long-term infrastructure spending, energy efficiency, and community investment that support its AI expansion plans. How Google’s $15 Billion Missouri AI Data Hub Strategy Could Reshape Alphabet’s Investor Narrative
• Positive Sentiment: Reports also noted Google’s push to make ads work inside AI search, suggesting new ways to monetize search traffic as the product shifts toward conversational results. Google Wants Ads to Talk Back in AI Search
• Neutral Sentiment: Alphabet remains widely watched by investors and screening services, keeping the stock in focus but not adding a clear new fundamental catalyst. Investors Heavily Search Alphabet Inc. (GOOGL): Here is What You Need to Know
• Negative Sentiment: Competitive concerns are rising after a TechCrunch report said DuckDuckGo installs jumped as some users rejected Google’s AI search changes, implying possible user pushback. DuckDuckGo installs are up 30% as users reject being ‘force-fed' Google's AI Search
• Negative Sentiment: Alphabet also faces continued antitrust overhang, with reports that the EU is preparing a large fine in its investigation into Google’s practices. EU plans to fine Google high triple-digit million euro sum as part of antitrust investigation: report
• Negative Sentiment: Google is also appealing a court decision tied to its search monopoly, keeping regulatory risk front and center for the stock. Google Appeals Court Decision on Search Monopoly

Wall Street Analyst Weigh In

Several equities research analysts have commented on GOOGL shares. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $390.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alphabet in a research note on Tuesday, April 28th. JPMorgan Chase & Co. reissued a "buy" rating on shares of Alphabet in a research note on Monday, May 4th. China Renaissance increased their target price on shares of Alphabet from $400.00 to $485.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Finally, UBS Group reissued a "neutral" rating on shares of Alphabet in a research note on Wednesday, May 20th. 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $412.65.

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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