Sawyer & Company Inc Cuts Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Sawyer & Company Inc reduced its Alphabet stake by 5.6% in the first quarter, selling 3,100 shares and leaving the stock as its largest holding at 5.8% of the portfolio.
• Alphabet reported strong quarterly results, posting $5.11 EPS versus $2.64 expected and $109.9 billion in revenue versus $106.98 billion estimated. Analysts still see the stock favorably, with a consensus rating of Moderate Buy and a target price of $413.54.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, while recent insider sales and ongoing AI/privacy and robotaxi competition remain notable points for investors.

Sawyer & Company Inc decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,455 shares of the information services provider's stock after selling 3,100 shares during the period. Alphabet comprises approximately 5.8% of Sawyer & Company Inc's holdings, making the stock its largest holding. Sawyer & Company Inc's holdings in Alphabet were worth $15,084,000 as of its most recent SEC filing.

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

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is drawing bullish sentiment from investors and analysts as a top AI name, with one report highlighting billionaire Jeffrey Talpins’ view that GOOGL is among the best AI stocks to own.
• Positive Sentiment: Google-backed Proxima Fusion raised €411 million in a major financing round, underscoring Alphabet’s continued involvement in frontier energy and AI-adjacent innovation. Reuters article
• Positive Sentiment: Coverage focused on Google Cloud suggests the segment is increasingly seen as a key growth engine for Alphabet, reinforcing the market’s confidence in its AI and cloud strategy. Trefis article
• Positive Sentiment: Alphabet continues to be highlighted in “final trades” and stock-picking segments, which can support near-term sentiment by keeping the name in focus for traders. Benzinga article
• Neutral Sentiment: Alphabet announced its Made by Google Pixel event for August 12, which keeps hardware and consumer-device expectations in view but is not a major immediate catalyst.
• Neutral Sentiment: Articles comparing Alphabet with Palantir and Taiwan Semiconductor mostly frame GOOGL as a benchmark AI and cloud leader rather than signaling a direct new catalyst.
• Negative Sentiment: TechCrunch reported that Google is expanding AI training to include more user-uploaded media by default unless users opt out, which could revive privacy concerns and regulatory scrutiny. TechCrunch article
• Negative Sentiment: BusinessInsider noted that Waymo faces growing competition in robotaxi usage from Zoox, reminding investors that Alphabet’s autonomous-driving efforts still face competitive pressure. BusinessInsider article

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GOOGL shares. China Renaissance increased their price objective on Alphabet from $400.00 to $485.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Oppenheimer lifted their target price on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research report on Friday, May 15th. HSBC reiterated a "buy" rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. Daiwa Securities Group increased their price target on Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Finally, Citizens Jmp restated a "market outperform" rating and set a $515.00 price target on shares of Alphabet in a research note on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $413.54.

Alphabet Stock Up 0.2%

Shares of NASDAQ GOOGL opened at $367.03 on Wednesday. Alphabet Inc. has a 12-month low of $172.77 and a 12-month high of $408.61. The stock's fifty day simple moving average is $372.05 and its two-hundred day simple moving average is $335.51. The stock has a market capitalization of $4.45 trillion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. 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 (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, analysts expect that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a $0.22 dividend. This is a boost 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 was Monday, June 8th. Alphabet's dividend payout ratio is presently 6.71%.

Insiders Place Their Bets

In other news, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $341.72, for a total value of $153,432.28. Following the transaction, the chief accounting officer owned 27,348 shares of the company's stock, valued at $9,345,358.56. The trade was a 1.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Kent Walker sold 8,998 shares of the business's stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 160,465 shares of company stock valued at $8,020,511 in the last three months. 11.61% of the stock is currently owned by insiders.

Alphabet 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.

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