Alphabet Inc. $GOOGL Shares Acquired by Rainier Family Wealth Inc.

Rainier Family Wealth Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 17.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,308 shares of the information services provider’s stock after buying an additional 2,225 shares during the quarter. Alphabet accounts for about 3.0% of Rainier Family Wealth Inc.’s investment portfolio, making the stock its 8th biggest holding. Rainier Family Wealth Inc.’s holdings in Alphabet were worth $4,402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in GOOGL. EMC Capital Management bought a new position in Alphabet during the 4th quarter worth about $33,000. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet in the fourth quarter valued at about $32,000. PMV Capital Advisers LLC bought a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Alphabet during the fourth quarter worth about $38,000. Finally, Bard Associates Inc. acquired a new position in shares of Alphabet during the fourth quarter worth about $52,000. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 102 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director directly owned 18,721 shares in the company, valued at $7,132,701. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 151,523 shares of company stock worth $4,863,526 in the last ninety days. 11.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $450.00 target price on shares of Alphabet in a research report on Wednesday, June 3rd. Citigroup reaffirmed an “outperform” rating on shares of Alphabet in a research report on Monday, May 4th. Mizuho raised their price target on shares of Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Arete Research lifted their price objective on shares of Alphabet from $405.00 to $425.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Rothschild & Co Redburn boosted their price objective on shares of Alphabet from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $413.13.

Alphabet Stock Down 1.8%

NASDAQ GOOGL opened at $337.39 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 company has a market cap of $4.09 trillion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.47 and a beta of 1.23. The company has a 50 day moving average of $368.94 and a 200-day moving average of $332.88. Alphabet Inc. has a 1-year low of $171.73 and a 1-year high of $408.61.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The business 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%. On average, equities research analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business 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. The ex-dividend date was Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 6.71%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Some analysts remain constructive on Alphabet’s growth outlook, pointing to rising advertising revenue and AI-driven ad tools as support for further upside. Alphabet Benefits From Rising Advertising Revenues: More Upside Ahead?
• Positive Sentiment: Reports that Alphabet is joining the Dow were viewed as a sign of prestige and long-term institutional support for the stock. Google Parent Alphabet Is Joining the Dow. Time to Buy?
• Positive Sentiment: Apple is reportedly paying Alphabet about $1 billion a year to use Gemini in Siri, highlighting another monetization path for Google’s AI platform even if the deal is smaller than Google’s search-payment arrangement with Apple. Apple Is Paying Google $1 Billion a Year for AI. Here’s Who the Real Winner Is.
• Neutral Sentiment: Wedbush said the recent sell-off in major AI names looks more like short-term investor impatience than a breakdown in the AI trade, suggesting the broader pullback may be a buying opportunity. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
• Neutral Sentiment: Google Finance launched a new app and upgraded portfolio-tracking features, which improve the product offering but are unlikely to move the stock on their own. Google Finance Debuts App and Investment Tracking Capabilities
• Negative Sentiment: Alphabet is facing renewed concern over AI talent departures, including reports of senior researchers leaving for rivals such as Anthropic and OpenAI, which raises questions about execution in Gemini and its broader AI strategy. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Google is also drawing criticism for tougher negotiations with publishers over AI content access, potentially worsening relations with media partners already seeing traffic declines from AI search changes. Google looks to bleed publishers with new AI partnerships that would cull their content
• Negative Sentiment: Multiple reports say AI-focused stocks, including Alphabet, are under pressure as investors question whether the “all-in on AI” trade has gone too far in the near term. PLTR, GOOG and MSFT Forecasts – AI Names Struggling at the Moment

Alphabet 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.