Alphabet Inc. $GOOGL is Sumitomo Mitsui Trust Group Inc.’s 5th Largest Position

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,222,122 shares of the information services provider’s stock after selling 664,413 shares during the quarter. Alphabet makes up 2.5% of Sumitomo Mitsui Trust Group Inc.’s holdings, making the stock its 5th largest holding. Sumitomo Mitsui Trust Group Inc.’s holdings in Alphabet were worth $3,802,153,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Lifetime Wealth Management P.C. bought a new position in shares of Alphabet in the fourth quarter worth about $32,000. EMC Capital Management purchased a new stake in shares of Alphabet during the fourth quarter worth about $33,000. PMV Capital Advisers LLC bought a new stake in Alphabet during the 4th quarter valued at approximately $38,000. IFC & Insurance Marketing Inc. bought a new stake in Alphabet during the 4th quarter valued at approximately $38,000. Finally, Bard Associates Inc. purchased a new position in Alphabet in the 4th quarter worth approximately $52,000. Institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of several recent analyst reports. New Street Research upped their price target on Alphabet from $450.00 to $455.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Truist Financial set a $430.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, May 29th. Roth Capital reissued a “buy” rating on shares of Alphabet in a report on Thursday, April 30th. BMO Capital Markets restated an “outperform” rating and set a $455.00 target price (up from $435.00) on shares of Alphabet in a research report on Friday. Finally, President Capital raised their target price on shares of Alphabet from $375.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Three 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $414.11.

Insider Activity at Alphabet

In other Alphabet news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction on 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 transaction, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. This trade represents a 10.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Marsida Saraci sold 449 shares of Alphabet stock in a transaction on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer directly owned 27,348 shares of the company’s stock, valued at $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,415 shares of company stock valued at $7,672,279 over the last quarter. 11.61% of the stock is currently owned by insiders.

Alphabet Stock Performance

NASDAQ GOOGL opened at $346.77 on Friday. 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 Inc. has a 1-year low of $183.71 and a 1-year high of $408.61. The business has a 50 day simple moving average of $368.89 and a two-hundred day simple moving average of $337.97. The stock has a market capitalization of $4.20 trillion, a PE ratio of 26.45, a P/E/G ratio of 1.45 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, research analysts predict that Alphabet Inc. will post 14.33 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, June 8th. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

Alphabet Company Profile

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.