M&T Bank Corp Sells 1,971,947 Shares of Alphabet Inc. $GOOG

Key Points

• M&T Bank Corp slashed its Alphabet stake by 98.1% in Q4, selling 1,971,947 shares and leaving 38,407 shares worth about $12.05 million.
• Alphabet posted strong Q1 results — EPS $5.11 and revenue of $109.9B with Google Cloud up ~63% — and raised its quarterly dividend to $0.22 per share.
• Insider selling has been notable: CEO Sundar Pichai sold 32,500 shares and insiders sold a total of 191,986 shares (~$59.16M) over the past 90 days, though insiders still own about 12.99% of the company.

M&T Bank Corp lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 98.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,407 shares of the information services provider's stock after selling 1,971,947 shares during the quarter. M&T Bank Corp's holdings in Alphabet were worth $12,052,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Ring Mountain Capital LLC lifted its position in Alphabet by 0.9% during the 4th quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider's stock worth $1,174,000 after acquiring an additional 30 shares during the last quarter. HRC Wealth Management LLC lifted its position in Alphabet by 1.0% during the 4th quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider's stock worth $1,014,000 after acquiring an additional 31 shares during the last quarter. Avaii Wealth Management LLC lifted its position in Alphabet by 2.3% during the 4th quarter. Avaii Wealth Management LLC now owns 1,437 shares of the information services provider's stock worth $451,000 after acquiring an additional 32 shares during the last quarter. Accel Wealth Management lifted its position in Alphabet by 0.8% during the 4th quarter. Accel Wealth Management now owns 4,068 shares of the information services provider's stock worth $1,276,000 after acquiring an additional 33 shares during the last quarter. Finally, Accelerate Investment Advisors LLC lifted its position in Alphabet by 1.1% during the 4th quarter. Accelerate Investment Advisors LLC now owns 3,166 shares of the information services provider's stock worth $993,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 27.26% of the company's stock.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $335.18, for a total value of $10,893,350.00. Following the completion of the transaction, the chief executive officer owned 2,179,372 shares of the company's stock, valued at $730,481,906.96. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares of the company's stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 191,986 shares of company stock worth $59,159,207. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Up 0.3%

Shares of GOOG opened at $383.22 on Friday. The company has a 50-day simple moving average of $312.44 and a 200-day simple moving average of $307.77. The firm has a market capitalization of $4.64 trillion, a P/E ratio of 29.23, a P/E/G ratio of 2.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.01 and a current ratio of 1.92. Alphabet Inc. has a 52 week low of $149.49 and a 52 week high of $383.39.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts' consensus estimates of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.81 earnings per share. On average, equities research analysts expect that Alphabet Inc. will post 11.62 earnings per share for the current year.

Alphabet Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GOOG shares. Canaccord Genuity Group boosted their target price on shares of Alphabet from $330.00 to $390.00 and gave the stock a "buy" rating in a research report on Wednesday, January 7th. BMO Capital Markets reissued an "outperform" rating and set a $400.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Raymond James Financial reissued a "strong-buy" rating and set a $425.00 target price on shares of Alphabet in a research report on Thursday. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a research report on Monday, February 16th. Finally, Truist Financial set a $385.00 target price on shares of Alphabet in a research report on Wednesday, April 22nd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $362.73.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Record Q1 fundamentals — Alphabet beat estimates (EPS $5.11 vs. $2.64 consensus) and reported $109.9B revenue; Google Cloud grew ~63% to ~ $20B with a very large backlog, which underpins multi-year revenue visibility and explains the rally. Alphabet Q1 2026 Earnings Call Highlights
• Positive Sentiment: Wall Street is upgrading targets — multiple firms (JPMorgan, TD Cowen, Scotiabank, Raymond James, Piper Sandler and others) raised price targets and reiterated buys after the quarter, signaling analyst conviction that AI/cloud growth justifies higher valuation. Coverage: Recent price-target raises
• Positive Sentiment: Strategic wins and ecosystem advantages — articles argue Alphabet’s “compute” advantage (TPUs, datacenter scale, full‑stack Gemini integrations) gives it a structural edge versus rivals and supports both ad/product monetization and enterprise AI demand. Compute is destiny. Google just proved it.
• Neutral Sentiment: Government and enterprise demand — the U.S. Pentagon and other large customers have agreements with leading AI providers including Google, validating long-term cloud/AI revenue channels but timing and contract sizes vary. This supports durable demand but is not an immediate revenue kicker. Pentagon reaches agreements with leading AI companies
• Negative Sentiment: CapEx intensity and cash flow tradeoff — management signaled very large AI-related capital spending (2026 capex ~ $185–190B and “significantly higher” expected in 2027). That funds growth but will pressure free cash flow and raises execution/ROI scrutiny. Alphabet ups 2026 capex to as much as $190 billion
• Negative Sentiment: Rising cost concerns and regulatory risks — commentary highlights the growing capital and operating cost of AI (potential margin/cashflow headwinds), and regulators in Europe are probing Google’s AI/search features — both are watch‑items for investors. Google Stock Growth Collides With The Rising Cost Of AI Italy asks EU to investigate Google AI search tools

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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