Alphabet Inc. $GOOGL Position Lowered by Northeast Investment Management

Northeast Investment Management decreased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 490,866 shares of the information services provider’s stock after selling 28,837 shares during the quarter. Alphabet comprises about 5.8% of Northeast Investment Management’s portfolio, making the stock its 3rd largest holding. Northeast Investment Management’s holdings in Alphabet were worth $141,153,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Alphabet by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider’s stock valued at $165,567,398,000 after purchasing an additional 12,531,695 shares in the last quarter. State Street Corp lifted its position in shares of Alphabet by 1.8% in the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after buying an additional 4,008,374 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Alphabet by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 146,193,037 shares of the information services provider’s stock worth $45,625,595,000 after buying an additional 2,666,676 shares in the last quarter. Norges Bank bought a new position in Alphabet during the fourth quarter valued at approximately $30,534,239,000. Finally, Bank of America Corp DE boosted its stake in Alphabet by 4.9% during the fourth quarter. Bank of America Corp DE now owns 69,108,183 shares of the information services provider’s stock valued at $21,630,861,000 after buying an additional 3,218,852 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

NASDAQ:GOOGL opened at $359.91 on Friday. The firm has a market capitalization of $4.36 trillion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.54 and a beta of 1.24. Alphabet Inc. has a 1 year low of $172.77 and a 1 year high of $408.61. The business has a 50 day simple moving average of $370.64 and a 200-day simple moving average of $334.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Equities analysts forecast that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s payout ratio is presently 6.71%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GOOGL shares. Guggenheim reaffirmed a “buy” rating and issued a $450.00 price objective (up from $375.00) on shares of Alphabet in a research note on Thursday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $450.00 target price on shares of Alphabet in a research report on Wednesday, June 3rd. Bank of America raised their target price on shares of Alphabet from $370.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, April 30th. President Capital boosted their price target on shares of Alphabet from $375.00 to $465.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, BMO Capital Markets upped their price target on shares of Alphabet from $410.00 to $435.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $413.54.

Insider Activity at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This trade represents a 10.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the transaction, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. This represents a 1.62% 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 three months. Corporate insiders own 11.61% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud is gaining traction in enterprise AI and banking, with new wins like Jack Henry and Intesa Sanpaolo supporting Alphabet’s cloud growth story. GOOGL’s AI Cloud Strategy Gets a Boost From Jack Henry: What’s Ahead?
• Positive Sentiment: Analysts and market commentary continue to frame Alphabet as a strong growth and momentum stock, reflecting confidence in earnings and AI-driven upside. Here’s Why Alphabet (GOOGL) is a Strong Momentum Stock
• Positive Sentiment: Google’s disruption of a proxy network used in malware operations supports its security reputation and could modestly lift sentiment around the platform. Google disrupts NetNut proxy network used in malware operations
• Positive Sentiment: Commentary around AI shopping and agentic commerce suggests Alphabet’s Gemini ecosystem could become a larger long-term growth catalyst. Agentic Shopping Is Coming. These Stocks Will Ride Walmart’s Google AI Bet.
• Neutral Sentiment: Small insider sales by Alphabet executives and directors appear routine and do not by themselves change the stock’s outlook. Alphabet (NASDAQ:GOOGL) Insider John Kent Walker Sells 8,998 Shares
• Negative Sentiment: The EU court upheld a huge Android antitrust fine, extending Alphabet’s regulatory overhang and keeping legal risk in focus. EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
• Negative Sentiment: Swedish court damages in the comparison-shopping case add another sign that regulators are willing to punish Google’s search and shopping practices. Swedish court orders Google pay $1.46 bn for favoring its price comparisons

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.