Northeast Investment Management Sells 8,399 Shares of Alphabet Inc. $GOOG

Key Points

• Northeast Investment Management reduced its Alphabet stake by 8.3% in the first quarter, selling 8,399 shares and leaving it with 93,174 shares worth about $26.7 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 beating estimates by $2.43 and revenue of $109.9 billion topping forecasts, while quarterly revenue rose 21.8% year over year.
• The company also raised its dividend to $0.22 per share from $0.21, and analysts remain bullish overall, with a consensus Buy rating and an average price target of $376.78.

Northeast Investment Management cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,174 shares of the information services provider's stock after selling 8,399 shares during the period. Alphabet accounts for approximately 1.1% of Northeast Investment Management's portfolio, making the stock its 28th largest holding. Northeast Investment Management's holdings in Alphabet were worth $26,728,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new position in shares of Alphabet during the third quarter worth about $31,000. Nvest Wealth Strategies Inc. bought a new stake in Alphabet in the 4th quarter worth $38,000. Lifetime Wealth Management P.C. purchased a new position in Alphabet during the 4th quarter valued at about $38,000. Bard Associates Inc. purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $41,000. Finally, Towne Trust Company N.A increased its position in Alphabet by 34.0% during the 4th 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 period. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Up 5.0%

Alphabet stock opened at $351.28 on Tuesday. 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 Inc. has a one year low of $173.88 and a one year high of $404.47. The stock has a market capitalization of $4.26 trillion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The business's fifty day moving average is $366.70 and its 200 day moving average is $332.30.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share 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 company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.81 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is 6.71%.

Insider Buying and Selling at Alphabet

In related news, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer directly owned 27,348 shares in the company, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frances Arnold sold 102 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $381.00, for a total transaction of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares of the company's stock, valued at $7,132,701. This represents a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 151,972 shares of company stock valued at $5,016,958 in the last ninety days. 12.99% of the stock is currently owned by company insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet officially debuted in the Dow, replacing Verizon, which is driving index-fund demand and signaling stronger institutional recognition for the stock. Reuters: Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
• Positive Sentiment: Multiple reports say Alphabet shares are getting a lift from the Dow addition and renewed enthusiasm for large-cap tech and AI exposure. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions
• Positive Sentiment: Analysts and market commentators view the recent pullback in big tech as a potential buying opportunity, especially given Alphabet’s strong cloud and AI momentum. 24/7 Wall St.: Dan Ives Says the $3 Trillion Tech Wipeout Is a Buying Opportunity. Here's His Case
• Neutral Sentiment: News flow also points to strong AI demand at Google, including compute constraints and limited Gemini capacity, which supports long-term growth but may raise near-term execution concerns. Yahoo Finance: Google Limits Meta's AI Access
• Neutral Sentiment: Separately, Waymo’s robotaxi pilot with Uber ended in Phoenix, but the vehicles will remain active for autonomous deliveries with DoorDash, limiting the immediate stock impact. CNBC: Waymo and Uber end robotaxi pilot in Phoenix
• Negative Sentiment: Some articles continue to highlight concerns about Alphabet’s aggressive AI spending, talent losses, and recent underperformance versus peers, which could cap upside if investors focus on margins. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GOOG. Scotiabank restated an "outperform" rating and issued a $450.00 target price (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Raymond James Financial reissued a "strong-buy" rating and set a $425.00 price target on shares of Alphabet in a research report on Thursday, April 30th. KeyCorp reissued an "overweight" rating on shares of Alphabet in a research note on Wednesday, May 20th. TD Cowen upped their price objective on shares of Alphabet from $450.00 to $475.00 and gave the stock a "buy" rating in a report on Tuesday, June 9th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $450.00 target price on shares of Alphabet in a research note on Thursday, May 21st. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet currently has a consensus rating of "Buy" and an average target price of $376.78.

Alphabet Company 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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