Trek Financial LLC Trims Stake in Alphabet Inc. $GOOG

Key Points

• Trek Financial LLC cut its Alphabet stake by 37% in the fourth quarter, selling 52,750 shares and leaving it with 89,956 shares valued at about $28.2 million.
• Despite that trim, Alphabet continues to attract strong institutional and analyst support, with several funds increasing positions and multiple brokerages reiterating Buy/Outperform ratings and higher price targets.
• Alphabet’s recent fundamentals remain strong: it beat quarterly EPS and revenue estimates, raised its dividend slightly, and is benefiting from optimism around its AI strategy and cloud growth.

Trek Financial LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 37.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,956 shares of the information services provider's stock after selling 52,750 shares during the period. Alphabet makes up 1.6% of Trek Financial LLC's investment portfolio, making the stock its 7th largest holding. Trek Financial LLC's holdings in Alphabet were worth $28,228,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tradewinds LLC. boosted its holdings in shares of Alphabet by 2,134.8% during the 3rd quarter. Tradewinds LLC. now owns 45,098 shares of the information services provider's stock worth $10,984,000 after buying an additional 43,080 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Alphabet by 8.5% during the fourth quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider's stock valued at $9,381,000 after acquiring an additional 2,341 shares in the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Alphabet by 31.3% during the third quarter. Atlantic Union Bankshares Corp now owns 354,529 shares of the information services provider's stock worth $86,345,000 after purchasing an additional 84,553 shares during the period. Baltimore Washington Financial Advisors Inc. raised its position in shares of Alphabet by 0.9% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 221,391 shares of the information services provider's stock worth $53,920,000 after purchasing an additional 2,009 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Alphabet by 7.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 60,739 shares of the information services provider's stock worth $19,060,000 after purchasing an additional 4,239 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google I/O 2026 showcased major AI products and upgrades, including Gemini 3.5 Flash, Gemini Spark, AI-powered Search changes, and new monetization features, reinforcing confidence that Alphabet can monetize AI across its core businesses.
• Positive Sentiment: Alphabet and Blackstone announced a $5 billion AI cloud venture built around Google’s TPU chips, which could expand Google Cloud and strengthen Alphabet’s position in AI infrastructure. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Wall Street commentary after I/O has been bullish, with multiple firms reiterating Buy/Outperform ratings and higher price targets, suggesting the market sees more upside from Alphabet’s AI strategy.
• Positive Sentiment: Recent coverage says Alphabet’s AI adoption, cloud growth, and record operating margins support the view that the company is not just spending on AI, but improving profitability as well.
• Neutral Sentiment: Some reports note mixed signals from large investors and traders, including portfolio trimming by a few funds and valuation concerns after the stock’s strong run.
• Negative Sentiment: Alphabet also faced headlines about a director sale and a major shareholder reducing its stake, which may create modest short-term pressure as investors lock in gains. TikTok, YouTube lag on UK child safety as rivals act, regulator says

Alphabet Stock Performance

NASDAQ GOOG opened at $384.90 on Thursday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $332.59 and a 200 day simple moving average of $319.68. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. The firm has a market capitalization of $4.66 trillion, a P/E ratio of 29.36, a PEG ratio of 1.65 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same period in the previous year, the firm earned $2.81 EPS. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts predict that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio is presently 6.41%.

Insiders Place Their Bets

In other news, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the transaction, the insider owned 51,808 shares in the company, valued at $14,293,309.12. The trade was a 14.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the completion of the transaction, the chief accounting officer directly owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 226,481 shares of company stock worth $27,422,061 in the last ninety days. 12.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on GOOG. Raymond James Financial restated a "strong-buy" rating and set a $425.00 price target on shares of Alphabet in a research note on Thursday, April 30th. TD Cowen raised their price objective on shares of Alphabet from $375.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a report on Wednesday. The Goldman Sachs Group reissued a "buy" rating on shares of Alphabet in a research report on Thursday. Finally, Oppenheimer upped their target price on shares of Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a report on Friday, May 15th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Alphabet currently has a consensus rating of "Buy" and an average target price of $365.23.

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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