Alphabet Inc. $GOOGL Shares Sold by Patten & Patten Inc. TN

Patten & Patten Inc. TN lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 204,557 shares of the information services provider’s stock after selling 9,917 shares during the quarter. Alphabet comprises about 3.8% of Patten & Patten Inc. TN’s portfolio, making the stock its 3rd largest position. Patten & Patten Inc. TN’s holdings in Alphabet were worth $64,026,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Symmetry Partners LLC lifted its position in Alphabet by 0.4% during the 4th quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider’s stock worth $2,476,000 after acquiring an additional 30 shares during the period. Members Trust Co lifted its position in Alphabet by 0.5% during the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider’s stock worth $2,014,000 after acquiring an additional 31 shares during the period. Altfest L J & Co. Inc. lifted its position in Alphabet by 0.4% during the 4th quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider’s stock worth $2,489,000 after acquiring an additional 31 shares during the period. Insight 2811 Inc. lifted its position in Alphabet by 1.0% during the 4th quarter. Insight 2811 Inc. now owns 3,124 shares of the information services provider’s stock worth $978,000 after acquiring an additional 32 shares during the period. Finally, Lifelong Wealth Advisors Inc. lifted its position in Alphabet by 1.9% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider’s stock worth $541,000 after acquiring an additional 33 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $303.38, for a total value of $9,859,850.00. Following the completion of the transaction, the chief executive officer owned 1,674,560 shares in the company, valued at $508,028,012.80. The trade was a 1.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the completion of the transaction, the director owned 3,581 shares of the company’s stock, valued at approximately $1,187,638.65. This represents a 22.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 226,481 shares of company stock worth $27,422,061 over the last quarter. Company insiders own 11.61% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is testing Gemini-powered Search ads, including conversational and contextual ad formats that could improve monetization and help offset concerns that AI search may weaken its core advertising model.
• Positive Sentiment: Google and CrowdStrike helped take down a botnet targeting open-source software developers, reinforcing Alphabet’s cybersecurity capabilities and its role in defending the broader internet ecosystem.
• Positive Sentiment: Reports around Google I/O and Alphabet’s broader AI lineup, including new Gemini features and AI search tools, suggest the company is still aggressively innovating to defend its leadership in search and advertising.
• Neutral Sentiment: Google’s $15 billion Missouri AI data hub investment highlights long-term infrastructure spending to support AI growth, but the near-term stock impact is likely limited.
• Neutral Sentiment: Alphabet has drawn market focus from traders and analysts, with prediction-market activity suggesting shares may stay near current levels in the short term.
• Negative Sentiment: DuckDuckGo reported rising installs as some users respond negatively to Google’s AI Search overhaul, raising investor concerns that the redesign could push a portion of users toward competitors.
• Negative Sentiment: CEO Sundar Pichai acknowledged that one Google AI Search result was “more opinionated than it should be,” underscoring the risk of AI accuracy issues and potential user trust problems.
• Negative Sentiment: Federal prosecutors charged a Google employee with insider trading tied to Polymarket bets, creating a reputational overhang even though the case appears to involve an individual employee rather than core business operations.

Alphabet Price Performance

Shares of Alphabet stock opened at $388.83 on Thursday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $162.00 and a twelve month high of $408.61. The business has a 50-day moving average price of $342.73 and a 200 day moving average price of $323.73. The firm has a market cap of $4.71 trillion, a PE ratio of 29.66, a P/E/G ratio of 1.66 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL) last announced its quarterly 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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Sell-side analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.41%.

Wall Street Analysts Forecast Growth

GOOGL has been the subject of a number of recent research reports. Oppenheimer lifted their price objective on Alphabet from $425.00 to $445.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Morgan Stanley lifted their price objective on Alphabet from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Loop Capital lifted their price objective on Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, May 15th. DA Davidson lifted their price objective on Alphabet from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, President Capital lifted their price objective on Alphabet from $375.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $412.65.

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.