Sumitomo Mitsui Financial Group Inc. Trims Stock Position in Alphabet Inc. $GOOG

Key Points

• Sumitomo Mitsui Financial Group reduced its Alphabet stake by 7.5% in the fourth quarter, selling 19,660 shares and leaving it with 241,019 shares worth about $75.6 million. Alphabet remains one of the firm’s larger holdings, representing 1.3% of its portfolio.
• Alphabet’s latest earnings showed strong performance, with EPS of $5.11 versus the $2.68 consensus and revenue of $109.9 billion, up 21.8% year over year. The company also raised its quarterly dividend to $0.22 per share from $0.21.
• Analyst sentiment remains broadly upbeat, with multiple firms reiterating or raising ratings and price targets; the stock has a consensus rating of Buy and an average price target of $376.78. However, investors are still watching concerns around heavy AI-related capital spending and ongoing legal risks.

Sumitomo Mitsui Financial Group Inc. cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 241,019 shares of the information services provider's stock after selling 19,660 shares during the quarter. Alphabet comprises approximately 1.3% of Sumitomo Mitsui Financial Group Inc.'s portfolio, making the stock its 12th biggest holding. Sumitomo Mitsui Financial Group Inc.'s holdings in Alphabet were worth $75,632,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ring Mountain Capital LLC lifted its holdings in shares of Alphabet by 0.9% in the 4th quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider's stock worth $1,174,000 after purchasing an additional 30 shares during the last quarter. Cannon Financial Strategists Inc. lifted its holdings in shares of Alphabet by 1.9% in the 4th quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock worth $499,000 after purchasing an additional 30 shares during the last quarter. HRC Wealth Management LLC lifted its holdings in shares of Alphabet by 1.0% in the 4th quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider's stock worth $1,014,000 after purchasing an additional 31 shares during the last quarter. Certior Financial Group LLC lifted its holdings in shares of Alphabet by 3.5% in the 4th quarter. Certior Financial Group LLC now owns 919 shares of the information services provider's stock worth $288,000 after purchasing an additional 31 shares during the last quarter. Finally, Synergy Investment Management LLC lifted its holdings in shares of Alphabet by 0.8% in the 4th quarter. Synergy Investment Management LLC now owns 4,124 shares of the information services provider's stock worth $1,294,000 after purchasing an additional 31 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 102 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the sale, the director directly owned 18,721 shares in the company, valued at $7,132,701. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the firm's stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 193,016 shares of company stock worth $17,282,549 over the last quarter. Insiders own 12.99% of the company's stock.

Alphabet Stock Up 0.9%

GOOG opened at $356.56 on Friday. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market cap of $4.32 trillion, a P/E ratio of 27.20, a P/E/G ratio of 1.51 and a beta of 1.22. The stock's 50 day moving average price is $356.44 and its 200 day moving average price is $329.24.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.96 billion. During the same period last year, the firm earned $2.81 EPS. The firm's revenue was up 21.8% compared to the same quarter last year. As a group, research analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is 6.71%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet shareholders approved an expansion of the company’s stock plan and re-elected the board, a routine but shareholder-friendly governance update that signals continuity and support for management. Alphabet Shareholders Approve Stock Plan Expansion, Reelect Board
• Positive Sentiment: Waymo, Alphabet’s self-driving unit, launched a $29.99 monthly “Premier” subscription and added perks like cash back and free cancellations, suggesting Alphabet is still pushing to monetize robotaxi demand in high-usage markets. Waymo launches premier subscription tier
• Positive Sentiment: Alphabet is expanding its AI footprint through new Google chip plans and continued infrastructure support for Anthropic, reinforcing the view that Google Cloud and its AI ecosystem could benefit from long-term demand. Google in talks with Samsung to make next-generation chips
• Positive Sentiment: Several reports highlighted bullish analyst and investor sentiment, including higher earnings estimates and Alphabet’s continued status as a favored large-cap AI name. Analyst estimate updates and AI-stock commentary
• Neutral Sentiment: Google said it identified an active cyber extortion campaign targeting Oracle PeopleSoft users via a ShinyHunters exploit; the issue appears to be a threat-intelligence update rather than a direct breach of Alphabet systems. Google says ShinyHunters hackers targeting education sector via Oracle exploit
• Neutral Sentiment: Alphabet’s Gemini and AI Overview products drew more scrutiny, including reports of search/AI controversy and temporary Workspace AI errors, which may keep debate alive around product quality and AI monetization. Google Stock Drops as AI Overview Faces Fresh Controversy
• Negative Sentiment: Investor concern remains centered on heavy capex and how quickly Alphabet can turn AI spending into durable revenue, especially as some commentary questioned search monetization and data-center economics. Alphabet Stock Opinions on Capital Raise and AI Challenges
• Negative Sentiment: A California judge denied a new trial in the youth social media addiction case involving YouTube, leaving Alphabet exposed to ongoing legal and reputational risk. Meta and Google denied new trial after landmark verdict

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GOOG shares. DZ Bank raised Alphabet to a "strong-buy" rating in a report on Monday, February 16th. Citigroup reissued a "market outperform" rating on shares of Alphabet in a report on Monday, June 1st. Raymond James Financial reissued a "strong-buy" rating and issued a $425.00 price target on shares of Alphabet in a report on Thursday, April 30th. TD Cowen raised their price target on Alphabet from $450.00 to $475.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Oppenheimer raised their price target on Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $376.78.

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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