Montag A & Associates Inc. Sells 12,453 Shares of Alphabet Inc. $GOOG

Key Points

• Montag A & Associates trimmed its Alphabet position by 5.7% in the fourth quarter, selling 12,453 shares while still holding 206,510 shares valued at about $64.8 million.
• Alphabet reported strong Q1 results, with EPS of $5.11 beating estimates by a wide margin and revenue of $109.9 billion, up 21.8% year over year.
• Analysts remain broadly bullish on GOOG, with multiple firms raising targets and the stock carrying an overall “Buy” rating and an average price target of $362.73, while Alphabet also raised its quarterly dividend to $0.22 per share.

Montag A & Associates Inc. reduced its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 206,510 shares of the information services provider's stock after selling 12,453 shares during the quarter. Alphabet comprises 3.0% of Montag A & Associates Inc.'s portfolio, making the stock its 5th biggest holding. Montag A & Associates Inc.'s holdings in Alphabet were worth $64,803,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Imprint Wealth LLC acquired a new stake in shares of Alphabet in the third quarter valued at about $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet in the third quarter valued at about $32,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. Towne Trust Company N.A grew its position in shares of Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. Finally, Lynch Asset Management Inc. acquired a new stake in shares of Alphabet in the third quarter valued at about $61,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GOOG shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. KeyCorp set a $370.00 price target on Alphabet in a research report on Thursday, February 5th. UBS Group reissued 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. Royal Bank Of Canada reissued an "outperform" rating and set a $375.00 target price on shares of Alphabet in a research report on Thursday, January 15th. Finally, JPMorgan Chase & Co. lifted their target price on Alphabet from $395.00 to $460.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $362.73.

Alphabet Stock Up 4.0%

GOOG stock opened at $399.06 on Thursday. Alphabet Inc. has a twelve month low of $160.93 and a twelve month high of $399.93. The company has a market cap of $4.84 trillion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.64 and a beta of 1.25. The business's 50-day simple moving average is $323.77 and its 200 day simple moving average is $315.48. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $106.96 billion. During the same period last year, the business earned $2.81 earnings per share. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, research analysts anticipate that Alphabet Inc. will post 14.28 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This is a positive change from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio is 6.41%.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer owned 2,818,524 shares in the company, valued at $856,605,814.08. This trade represents a 1.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O'toole sold 955 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares of the company's stock, valued at approximately $2,955,564. This represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 158,553 shares of company stock worth $47,951,856 in the last three months. 12.99% of the stock is currently owned by company insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google unveiled a broader AI push at its Android event, including Gemini-powered features, new “Googlebooks” laptops, and agentic AI tools, reinforcing the company’s leadership in AI and mobile ecosystems.
• Positive Sentiment: Reports that Google is discussing orbital data centers with SpaceX have sparked investor excitement about a potential long-term infrastructure advantage in AI and cloud computing. Report: Google and SpaceX in talks to put data centers into orbit
• Positive Sentiment: Alphabet continues to attract bullish analyst and investor attention after strong Q1 results and ongoing cloud/AI growth, supporting the case for additional upside. Alphabet: The A-Z AI Play Set To Profit From The Whole Industry
• Positive Sentiment: Several large investors disclosed higher stakes in Alphabet, including Capital World Investors and other institutions, which can reinforce confidence in the stock’s long-term fundamentals.
• Neutral Sentiment: One fund update showed a large reduction in GOOG holdings by Capital International Investors, but this appears to be portfolio rebalancing rather than a direct company-specific warning.
• Negative Sentiment: Alphabet still faces regulatory pressure in Europe, including efforts to avoid an EU antitrust fine tied to spam-policy changes and broader DMA compliance concerns.

About Alphabet

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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