Alphabet Inc. $GOOG Shares Sold by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 47.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,608 shares of the information services provider’s stock after selling 43,655 shares during the quarter. Alphabet makes up approximately 2.0% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 13th biggest position. Smithbridge Asset Management Inc. DE’s holdings in Alphabet were worth $13,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Imprint Wealth LLC purchased a new stake in shares of Alphabet during the 3rd quarter worth approximately $31,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at $38,000. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet in the 4th quarter valued at $38,000. Bard Associates Inc. acquired a new stake in Alphabet during the 4th quarter worth $41,000. Finally, Towne Trust Company N.A lifted its position in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 34 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Scotiabank restated an “outperform” rating and issued a $450.00 price objective (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Oppenheimer lifted their target price on Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. KeyCorp reissued an “overweight” rating on shares of Alphabet in a report on Wednesday, May 20th. Needham & Company LLC set a $400.00 target price on Alphabet and gave the company a “buy” rating in a research report on Friday, March 13th. Finally, Stifel Nicolaus set a $420.00 price target on Alphabet in a research note on Wednesday, May 20th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $376.19.

Alphabet Stock Performance

Shares of Alphabet stock opened at $356.18 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $4.32 trillion, a P/E ratio of 27.17, a PEG ratio of 1.52 and a beta of 1.23. Alphabet Inc. has a 1 year low of $173.88 and a 1 year high of $404.47. The company’s fifty day moving average is $368.31 and its two-hundred day moving average is $333.49.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. During the same period in the prior year, the company earned $2.81 earnings per share. The business’s revenue was up 21.8% compared to the same quarter last year. Analysts forecast that Alphabet Inc. will post 14.32 earnings per share for the current 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. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s payout ratio is presently 6.71%.

Insider Activity

In other news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total value of $153,432.28. Following the transaction, the chief accounting officer owned 27,348 shares of the company’s stock, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the sale, the director owned 1,481 shares of the company’s stock, valued at $545,941.03. This trade represents a 41.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 160,465 shares of company stock worth $8,020,511 over the last quarter. 12.99% of the stock is owned by insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to benefit from bullish investor and analyst sentiment, with several recent reports highlighting strong earnings momentum, favorable price targets, and optimism around its AI and cloud growth. Zacks: Top-Performing ETF Areas of 1H 2026
• Positive Sentiment: Google Cloud is gaining enterprise traction, including a new Reuters report that Italy’s Intesa Sanpaolo moved core IT systems to Google’s cloud, supporting the case for faster cloud revenue growth. Reuters: Italy’s Intesa shifts core IT banking systems to Google’s cloud technology
• Positive Sentiment: Walmart’s partnership with Google on a Gemini-powered shopping experience reinforces Alphabet’s position in applied AI and could open future commerce-related revenue opportunities. 247WallSt: Which Stocks Win When Google AI Powers Walmart’s Checkout?
• Neutral Sentiment: Alphabet was mentioned in connection with an Open USD stablecoin partnership list, but the report says some companies deny signing on, making the impact unclear. TipRanks: Open USD Stablecoin Lists Major Partners, But Some Say They Never Signed On
• Neutral Sentiment: Alphabet insider John Kent Walker sold shares, but the transaction appears routine and is unlikely by itself to change the company’s outlook. InsiderTrades: John Kent Walker Alphabet transaction
• Negative Sentiment: The EU’s top court upheld a record €4.1 billion antitrust fine against Google over Android practices, a meaningful legal setback that keeps regulatory pressure on Alphabet. Reuters: EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
• Negative Sentiment: Several articles flagged investor concern over Alphabet’s heavy AI infrastructure spending, with scrutiny growing around whether capex will pressure margins before it boosts returns. Yahoo Finance: Alphabet Drops 6% Despite $4.3 Trillion Valuation as AI Spending Draws Scrutiny

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.