Whittier Trust Co. of Nevada Inc. Sells 3,283 Shares of Alphabet Inc. $GOOGL

Key Points

• Whittier Trust Co. of Nevada trimmed its Alphabet stake by 1.9%, selling 3,283 shares and now holding 167,592 shares valued at $52.68 million (Alphabet is its 17th-largest holding).
• Alphabet posted a strong Q1 beat — EPS $5.11 vs. $2.64 estimate and revenue $109.9B, with Google Cloud up ~63% to over $20B, sparking multiple analyst price-target raises and a "Moderate Buy" consensus.
• Dividend raised and insider sales: Alphabet increased its quarterly dividend to $0.22, while insiders sold roughly 191,986 shares in the past three months, including CEO Sundar Pichai's 32,500-share sale.

Whittier Trust Co. of Nevada Inc. reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 167,592 shares of the information services provider's stock after selling 3,283 shares during the period. Alphabet makes up approximately 1.1% of Whittier Trust Co. of Nevada Inc.'s holdings, making the stock its 17th biggest holding. Whittier Trust Co. of Nevada Inc.'s holdings in Alphabet were worth $52,681,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GOOGL. Brighton Jones LLC raised its holdings in shares of Alphabet by 3.9% in the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock valued at $2,826,000 after purchasing an additional 506 shares during the last quarter. Matrix Asset Advisors Inc. NY raised its holdings in shares of Alphabet by 17.6% in the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock valued at $685,000 after purchasing an additional 581 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Alphabet by 11.2% in the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock valued at $85,557,000 after purchasing an additional 48,805 shares during the last quarter. Finally, United Bank raised its holdings in shares of Alphabet by 6.9% in the second quarter. United Bank now owns 48,204 shares of the information services provider's stock valued at $8,495,000 after purchasing an additional 3,120 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of GOOGL opened at $385.69 on Friday. The company has a market cap of $4.67 trillion, a price-to-earnings ratio of 29.42, a PEG ratio of 2.37 and a beta of 1.26. Alphabet Inc. has a 1-year low of $147.84 and a 1-year high of $386.76. The company's fifty day simple moving average is $313.72 and its 200 day simple moving average is $308.26. The company has a current ratio of 1.92, a quick ratio of 2.01 and a debt-to-equity ratio of 0.16.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. On average, research analysts forecast that Alphabet Inc. will post 12.94 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $335.18, for a total transaction of $10,893,350.00. Following the completion of the transaction, the chief executive officer directly owned 2,179,372 shares of the company's stock, valued at $730,481,906.96. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 955 shares of Alphabet stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares of the company's stock, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 191,986 shares of company stock valued at $59,159,207. 11.64% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on GOOGL. Pivotal Research lifted their price objective on shares of Alphabet from $400.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Royal Bank Of Canada set a $425.00 price objective on shares of Alphabet and gave the company an "outperform" rating in a report on Thursday. China Renaissance lifted their price objective on shares of Alphabet from $330.00 to $400.00 and gave the company a "buy" rating in a report on Friday, February 6th. Jefferies Financial Group reiterated a "buy" rating on shares of Alphabet in a report on Friday, April 24th. Finally, Susquehanna reiterated a "positive" rating and issued a $460.00 price objective (up from $400.00) on shares of Alphabet in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $397.48.

About Alphabet

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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