Keybank National Association OH Has $229.33 Million Stock Holdings in Alphabet Inc. $GOOG

Key Points

• Keybank National Association OH cut its Alphabet stake by 8.2% in Q4, selling 65,524 shares and ending with 730,817 shares valued at about $229.33 million.
• Alphabet reported a strong quarterly earnings beat, posting $5.11 EPS versus the $2.68 estimate and $109.9 billion in revenue, up 21.8% year over year.
• Analysts remain generally bullish, with a consensus rating of Buy and an average price target of $362.73, while the company also raised its quarterly dividend to $0.22 per share.

Keybank National Association OH trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 730,817 shares of the information services provider's stock after selling 65,524 shares during the quarter. Alphabet makes up 0.8% of Keybank National Association OH's holdings, making the stock its 25th biggest holding. Keybank National Association OH's holdings in Alphabet were worth $229,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Alphabet by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider's stock worth $132,114,125,000 after buying an additional 8,128,234 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Alphabet by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider's stock valued at $24,240,469,000 after acquiring an additional 7,904,434 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Alphabet by 5.8% during the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider's stock worth $9,749,864,000 after acquiring an additional 2,209,203 shares during the period. Legal & General Group Plc raised its position in shares of Alphabet by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 32,583,332 shares of the information services provider's stock worth $7,935,671,000 after acquiring an additional 223,743 shares in the last quarter. Finally, Capital World Investors raised its position in shares of Alphabet by 1.9% in the 3rd quarter. Capital World Investors now owns 28,625,464 shares of the information services provider's stock worth $6,971,769,000 after acquiring an additional 539,679 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on GOOG shares. UBS Group restated a "neutral" rating and set a $348.00 target price (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $345.00 target price on shares of Alphabet in a report on Thursday, February 5th. Needham & Company LLC set a $400.00 price target on Alphabet and gave the company a "buy" rating in a research note on Friday, March 13th. Weiss Ratings restated a "buy (b)" rating on shares of Alphabet in a report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $370.00 price objective on shares of Alphabet in a research report on Tuesday, January 20th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Alphabet currently has an average rating of "Buy" and a consensus price target of $362.73.

Alphabet Stock Performance

Shares of Alphabet stock opened at $397.05 on Friday. Alphabet Inc. has a one year low of $153.83 and a one year high of $398.37. The firm has a market capitalization of $4.80 trillion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.66 and a beta of 1.25. The business has a 50-day simple moving average of $317.19 and a 200 day simple moving average of $311.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. During the same quarter in the prior year, the company earned $2.81 earnings per share. The company's quarterly revenue was up 21.8% on a year-over-year basis. On average, research analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a $0.22 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is 6.41%.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction on Wednesday, April 15th. The shares were 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 in the company, valued at approximately $1,187,638.65. This represents a 22.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider owned 13,227 shares of the company's stock, valued at $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 158,553 shares of company stock valued at $47,951,856 in the last 90 days. 12.99% of the stock is currently owned by company insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s recent earnings strength continues to drive optimism, with analysts raising price targets and earnings estimates after a strong Q1 beat that showed faster growth in Search, Cloud, and YouTube. Investors are also reacting to broad bullish coverage and high-profile holders adding to GOOG exposure.
• Positive Sentiment: Google is expanding its AI monetization tools, unveiling AI-powered Search and Shopping bidding/budgeting features that could make ad spending more efficient and support ad revenue growth. Article: Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Alphabet is also leaning into AI and consumer hardware, with new Fitbit Air and AI health-coach launches, plus continued work on smart glasses and broader agentic AI products. These developments reinforce the view that Google is becoming a major AI platform across ads, devices, and subscriptions.
• Neutral Sentiment: Several reports point to continued institutional interest and analyst support, including fund additions and upgraded target prices, but these are largely reinforcement signals rather than immediate catalysts.
• Negative Sentiment: Regulatory overhang remains a concern after Google was given more time to address EU antitrust issues, and a new UK lawsuit over online display ads adds another legal challenge. Article: Google has bit more time to address concerns in EU investigation, EU Commission says
• Negative Sentiment: Google also settled a racial discrimination lawsuit for $50 million, which removes some uncertainty but highlights ongoing reputational and legal risks tied to employment practices. Article: Google settles racial discrimination lawsuit for $50 million

Alphabet Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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