Alphabet Inc. $GOOG Stake Cut by New Hampshire Trust

New Hampshire Trust lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 10.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 43,587 shares of the information services provider’s stock after selling 5,358 shares during the period. Alphabet makes up approximately 2.7% of New Hampshire Trust’s portfolio, making the stock its 7th largest position. New Hampshire Trust’s holdings in Alphabet were worth $13,678,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Tradewinds LLC. lifted its stake 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 purchasing an additional 43,080 shares during the period. Kathmere Capital Management LLC lifted its stake in shares of Alphabet by 8.5% during the 4th quarter. Kathmere Capital Management LLC now owns 29,896 shares of the information services provider’s stock worth $9,381,000 after purchasing an additional 2,341 shares during the period. Atlantic Union Bankshares Corp lifted its stake in shares of Alphabet by 31.3% during the 3rd 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. lifted its stake in shares of Alphabet by 0.9% during the 3rd 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, CWA Asset Management Group LLC lifted its stake in shares of Alphabet by 2.2% during the 3rd quarter. CWA Asset Management Group LLC now owns 157,143 shares of the information services provider’s stock worth $38,272,000 after purchasing an additional 3,444 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the sale, the director directly owned 3,581 shares in the company, valued at approximately $1,187,638.65. This represents a 22.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 102 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total value of $37,842.00. Following the completion of the sale, the director owned 18,621 shares of the company’s stock, valued at approximately $6,908,391. This represents a 0.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 158,553 shares of company stock worth $47,951,856 in the last quarter. 12.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GOOG. Royal Bank Of Canada reissued an “outperform” rating and set a $375.00 price target on shares of Alphabet in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $370.00 price target on shares of Alphabet in a research note on Tuesday, January 20th. Pivotal Research reaffirmed a “buy” rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $395.00 target price on shares of Alphabet in a research report on Thursday, February 5th. Finally, Needham & Company LLC set a $400.00 target price on Alphabet and gave the stock a “buy” rating in a research report on Friday, March 13th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $362.73.

Alphabet Trading Up 0.0%

Shares of GOOG opened at $395.30 on Friday. 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 firm has a market capitalization of $4.78 trillion, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 1.65 and a beta of 1.25. The stock’s fifty day simple moving average is $317.19 and its 200 day simple moving average is $311.59. Alphabet Inc. has a twelve month low of $153.83 and a twelve month high of $397.36.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the company posted $2.81 EPS. On average, equities research analysts forecast that Alphabet Inc. will post 14 earnings per share for the current year.

Alphabet Increases Dividend

The business 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 $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 currently 6.41%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 momentum and Anthropic cloud deal continue to underpin the rally — social and analyst chatter notes a post-earnings surge, AI-fueled ad strength and a reported ~$200B Anthropic commitment that materially boosts Alphabet’s cloud backlog and revenue visibility. Read More.
• Positive Sentiment: Analyst upgrades and higher price targets — Mizuho and other firms have raised forecasts and targets (examples around $460+), supporting upside expectations and helping push the stock higher. Read More.
• Positive Sentiment: Institutional buying reported — a handful of funds disclosed fresh additions (Swiss National Bank, Allen Investment, Fisher Asset among others), signaling conviction from large holders. Read More. • Read More.
• Neutral Sentiment: New consumer products and subscription moves could expand monetization but are early-stage — Google launched the Fitbit Air wearable and an AI health-coach subscription, which add recurring-revenue potential but are not yet material to near-term results. Read More.
• Negative Sentiment: EU regulatory risk remains — Alphabet has proposed changes to news search to head off additional multibillion-euro fines, highlighting ongoing antitrust exposure that could pressure European revenue or require product changes. Read More.
• Negative Sentiment: Significant insider and some institutional selling — data show heavy insider sales in recent months and several large funds (Deutsche Bank, CalPERS, Madison) trimmed GOOG positions, which can cap short-term upside and increase volatility. Read More. • Read More.

About Alphabet

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.