Montrusco Bolton Investments Inc. Has $394.33 Million Position in Alphabet Inc. $GOOGL

Key Points

• Montrusco Bolton Investments cut its Alphabet stake by 19.2% in the first quarter, but still held 1.4 million shares valued at about $394.3 million. Alphabet remained its third-largest holding and made up roughly 6% of the fund’s portfolio.
• Alphabet recently posted better-than-expected earnings, with quarterly EPS of $5.11 versus estimates of $2.64 and revenue of $109.9 billion versus expectations of $106.98 billion. The company also raised its quarterly dividend to $0.22 per share.
• Despite upbeat AI-related commentary and several analyst upgrades, Alphabet is still facing scrutiny over rising capital expenditures and competitive pressure on its core advertising business. Wall Street’s consensus rating remains Moderate Buy, with a target price of $413.73.

Montrusco Bolton Investments Inc. reduced its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 19.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,404,505 shares of the information services provider's stock after selling 334,350 shares during the quarter. Alphabet makes up about 6.0% of Montrusco Bolton Investments Inc.'s holdings, making the stock its 3rd largest position. Montrusco Bolton Investments Inc.'s holdings in Alphabet were worth $394,326,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Lifetime Wealth Management P.C. purchased a new stake in Alphabet in the 4th quarter worth about $32,000. EMC Capital Management purchased a new stake in Alphabet during the fourth quarter valued at about $33,000. PMV Capital Advisers LLC bought a new position in Alphabet during the fourth quarter worth about $38,000. IFC & Insurance Marketing Inc. bought a new position in Alphabet during the fourth quarter worth about $38,000. Finally, Bard Associates Inc. bought a new position in Alphabet during the fourth quarter worth about $52,000. 40.03% of the stock is currently owned by institutional investors.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Bank of America said Google held steady in June while Claude and Gemini posted strong user growth, and it reiterated a Buy rating, citing Alphabet executives’ comments that Search is in an “expansionary moment” that could support results into 2026. Google holds steady as Claude, Gemini surge in June user growth
• Positive Sentiment: Zacks upgraded Alphabet (GOOG) to Rank #1 (Strong Buy), reflecting improved earnings optimism and potentially supporting near-term sentiment. Alphabet (GOOG) Upgraded to Strong Buy: Here's What You Should Know
• Positive Sentiment: Several recent pieces highlighted Alphabet’s AI and custom-chip strengths, including the company’s TPU strategy and potential cost advantages from in-house processors, which could improve margins over time. Google's In-House AI Chip Strategy Could Be a Bigger Threat to Nvidia Than Investors Think. Here's Why.
• Neutral Sentiment: Alphabet remains one of the market’s most closely watched AI and mega-cap tech names, with multiple articles noting strong investor attention and ongoing debate about its long-term growth profile. Alphabet Inc. (GOOG) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Investors are still focused on Alphabet’s rising capital expenditures, which were raised to $180 billion-$190 billion this year, with analysts also expecting second-quarter capex near $44.9 billion; that spending pressure can weigh on margins and sentiment. Alphabet's $1 Trillion Ad Dominance Is Facing New Threats
• Negative Sentiment: Alphabet’s core advertising dominance is also facing more scrutiny from competitive and structural threats, which may be contributing to the stock’s softer tone despite upbeat AI commentary. Alphabet Vs. Broadcom: Rotate Out of AVGO and into GOOG as a Custom Chip Creator and Hyperscaler Partner

Insider Activity

In related news, CAO Marsida Saraci sold 449 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the sale, the chief accounting officer owned 27,348 shares in the company, valued at approximately $9,345,358.56. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $351.28, for a total value of $39,343.36. Following the sale, the director directly owned 18,833 shares of the company's stock, valued at $6,615,656.24. This represents a 0.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 160,465 shares of company stock worth $8,020,511. Company insiders own 11.61% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GOOGL shares. Phillip Securities boosted their price target on shares of Alphabet from $340.00 to $395.00 and gave the company a "moderate buy" rating in a research report on Wednesday, April 15th. CICC Research raised their price objective on shares of Alphabet from $388.00 to $407.91 and gave the stock an "outperform" rating in a report on Friday, May 1st. Freedom Capital lowered shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. BMO Capital Markets boosted their target price on shares of Alphabet from $410.00 to $435.00 and gave the company an "outperform" rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $413.73.

Alphabet Trading Down 1.3%

Shares of Alphabet stock opened at $352.51 on Tuesday. The company's 50-day moving average price is $371.97 and its 200-day moving average price is $336.90. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $179.68 and a 12-month high of $408.61. The company has a market cap of $4.27 trillion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.53 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, equities analysts expect that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a dividend of $0.22 per share. This is an increase from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet's dividend payout ratio (DPR) is presently 6.71%.

Alphabet Company Profile

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.