Whittier Trust Co. of Nevada Inc. Trims Stock Position in Alphabet Inc. $GOOG

Key Points

• Whittier Trust Co. of Nevada reduced its Alphabet stake by 3.4% in the first quarter, but still held 664,653 shares worth about $197.8 million, making GOOG its fourth-largest position.
• Alphabet continues to draw bullish attention thanks to its AI and Google Cloud momentum, with commentary highlighting its broad ecosystem, enterprise AI partnerships, and strong quarterly results.
• The company also reported better-than-expected Q1 earnings, with EPS of $5.11 on revenue of $109.9 billion, and recently raised its quarterly dividend to $0.22 per share.

Whittier Trust Co. of Nevada Inc. trimmed its stake in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 664,653 shares of the information services provider's stock after selling 23,501 shares during the period. Alphabet comprises approximately 4.1% of Whittier Trust Co. of Nevada Inc.'s investment portfolio, making the stock its 4th biggest position. Whittier Trust Co. of Nevada Inc.'s holdings in Alphabet were worth $197,841,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Alphabet by 5.6% in the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after acquiring an additional 6,410 shares during the period. Worldquant Millennium Advisors LLC boosted its holdings in Alphabet by 76.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock valued at $330,886,000 after acquiring an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Alphabet during the 2nd quarter valued at approximately $658,000. Financial Advisors Network Inc. increased its position in Alphabet by 7.7% during the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock valued at $1,409,000 after purchasing an additional 565 shares during the period. Finally, Ausdal Financial Partners Inc. increased its position in Alphabet by 10.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock valued at $6,618,000 after purchasing an additional 3,616 shares during the period. 27.26% of the stock is owned by institutional investors.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts and market commentators highlighted Alphabet’s AI advantage, arguing that its control of Search, Android, YouTube, Google Cloud and its chip/model stack gives it one of the best paths to monetize AI at scale. Alphabet vs. Meta: Which AI Stock Is the Better Buy Right Now?
• Positive Sentiment: Google Cloud-related partnerships remain a tailwind, including Accenture’s launch of agentic AI solutions built with Alphabet’s Google Cloud for mid-market firms, reinforcing demand for its enterprise AI offerings. Accenture and Alphabet (GOOGL) Launch Agentic AI Solutions for Mid-Market Firms
• Positive Sentiment: Alphabet’s strong quarterly results and cloud growth continue to drive bullish takes, with investors pointing to revenue growth, AI spending efficiency, and improving profitability as reasons the stock could outperform. Alphabet Stock: Locking In Long-Term Rule Of 40 Supremacy

Insider Buying and Selling at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the sale, the director directly owned 2,531 shares of the company's stock, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 160,465 shares of company stock valued at $8,020,511 over the last 90 days. Insiders own 12.99% of the company's stock.

Alphabet Price Performance

Shares of GOOG opened at $356.24 on Friday. Alphabet Inc. has a 52-week low of $175.74 and a 52-week high of $404.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The business's 50 day moving average price is $369.66 and its two-hundred day moving average price is $335.08. The firm has a market cap of $4.32 trillion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.53 and a beta of 1.23.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.81 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a dividend of $0.22 per share. This is a boost from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. Alphabet's payout ratio is currently 6.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group restated a "buy" rating and issued a $450.00 price target on shares of Alphabet in a research report on Thursday, May 21st. Scotiabank reiterated an "outperform" rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a research note on Wednesday, May 20th. Finally, Oppenheimer boosted their target price on shares of Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a report on Friday, May 15th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $376.19.

Alphabet Company 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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