Sumitomo Mitsui Trust Group Inc. Has $4.35 Billion Position in Alphabet Inc. $GOOGL

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in Alphabet by 3.3% in Q4 but still owns 13,886,535 shares — approximately $4.35 billion, representing about 0.12% of the company and its 5th largest holding.
• Alphabet is benefiting from strong AI and Cloud momentum, highlighted by a strategic partnership that could involve up to a $40 billion commitment to Anthropic and multiple analyst upgrades lifting sentiment and price targets.
• Alphabet recently beat quarterly estimates (EPS $2.82 on $113.83B revenue) and announced a quarterly dividend of $0.21 (annualized yield ~0.2%), while institutional ownership sits around 40%.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,886,535 shares of the information services provider's stock after selling 478,065 shares during the quarter. Alphabet accounts for 2.6% of Sumitomo Mitsui Trust Group Inc.'s portfolio, making the stock its 5th largest holding. Sumitomo Mitsui Trust Group Inc. owned approximately 0.12% of Alphabet worth $4,346,485,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Members Trust Co lifted its holdings in shares of Alphabet by 0.5% during the fourth quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock valued at $2,014,000 after acquiring an additional 31 shares during the period. Altfest L J & Co. Inc. grew its holdings in shares of Alphabet by 0.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider's stock worth $2,489,000 after purchasing an additional 31 shares during the last quarter. Lifelong Wealth Advisors Inc. increased its position in shares of Alphabet by 1.9% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider's stock worth $541,000 after purchasing an additional 33 shares in the last quarter. White Wing Wealth Management increased its position in shares of Alphabet by 2.9% during the 4th quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider's stock worth $362,000 after purchasing an additional 33 shares in the last quarter. Finally, Quantum Financial Advisors LLC lifted its holdings in Alphabet by 0.3% during the 4th quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider's stock valued at $3,693,000 after purchasing an additional 34 shares during the last quarter. 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: Alphabet commits to a strategic AI partnership that secures long-term model and compute capacity — Google will invest up to $40 billion in Anthropic (a $10B tranche now, $30B contingent on milestones). The deal strengthens Alphabet’s access to leading generative-AI models, supports product roadmap and cloud demand, and reduces the risk of competitors locking up third‑party model supply. Google to invest up to $40B in Anthropic in cash and compute
• Positive Sentiment: Analyst support is lifting sentiment — multiple firms have reaffirmed or raised ratings/targets (Jefferies, Needham, JPMorgan, UBS moves reported), reinforcing a bullish view that AI and Cloud will drive upside to estimates. This analyst momentum is helping push the stock higher into the next earnings print. Alphabet: Jefferies keeps its 'Buy' rating
• Positive Sentiment: Product and infrastructure catalysts: new TPU 8i inference chip, expanded Workspace AI features and enterprise wins (Ulta, AutoZone migrations) point to faster, lower‑cost AI scaling and increased Cloud/ads monetization potential. These operational advances support margins and longer-term revenue growth. Alphabet Stock Gains After Unveiling New AI Inference Chip
• Neutral Sentiment: Sector labor disruption from AI: broader reporting that AI is displacing tech jobs may pressure sentiment for the sector but is only an indirect, mixed impact on Alphabet — potential cost savings versus reputation/PR and macro consumption effects. Whether It's 'Disruption' or 'Renormalization,' AI Is Killing Tech Jobs
• Neutral Sentiment: Near-term earnings setup: several outlets and banks expect a modest Q1 beat driven by AI and Cloud strength; this supports the rally but leaves the stock exposed to any surprise guidance. Alphabet set to report modest beat for Q1 driven by AI, Cloud growth
• Negative Sentiment: Regulatory risk in Europe: the European Commission is pressuring Google to give rival AI assistants deeper Android access — a move that could weaken Alphabet’s ecosystem advantage and advertising/engagement moat if implemented. Regulatory actions remain a meaningful downside risk. Google Faces New EU Pressure to Give AI Rivals Android Access
• Negative Sentiment: Large contingent capital commitment and valuation exposure: while the Anthropic deal is strategic, the $30B contingent tranche and Anthropic’s ~$350B valuation create execution and financial-commitment risks if performance targets aren’t met or scrutiny increases. Investors may worry about future cash/compute obligations and valuation optics. Google plans to invest up to $40 billion in Anthropic, Bloomberg reports

Alphabet Trading Up 1.6%

GOOGL stock opened at $344.40 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a twelve month low of $147.84 and a twelve month high of $349.00. The company has a market cap of $4.17 trillion, a P/E ratio of 31.86, a PEG ratio of 2.10 and a beta of 1.12. The business has a fifty day moving average of $309.30 and a 200-day moving average of $304.57.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.25. The business had revenue of $113.83 billion for the quarter, compared to analysts' expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. As a group, equities research analysts expect that Alphabet Inc. will post 11.53 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet's dividend payout ratio (DPR) is 7.77%.

Analyst Upgrades and Downgrades

A number of research firms have commented on GOOGL. Mizuho boosted their price target on shares of Alphabet from $410.00 to $420.00 and gave the company an "outperform" rating in a research report on Friday, April 10th. Argus raised their price objective on shares of Alphabet from $365.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Royal Bank Of Canada lifted their target price on shares of Alphabet from $375.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday, February 5th. Raymond James Financial raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, January 22nd. Finally, KeyCorp increased their price target on Alphabet from $370.00 to $380.00 and gave the stock an "overweight" rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of "Moderate Buy" and an average target price of $369.67.

Insider Buying and Selling

In related news, insider John Kent Walker sold 47,574 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the completion of the transaction, the director directly owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 2,037,294 shares of company stock worth $94,216,897. 11.64% of the stock is currently owned by company insiders.

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.