Lipe & Dalton Cuts Position in Alphabet Inc. $GOOG

Lipe & Dalton reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,692 shares of the information services provider’s stock after selling 1,610 shares during the quarter. Alphabet comprises approximately 7.6% of Lipe & Dalton’s holdings, making the stock its 2nd largest position. Lipe & Dalton’s holdings in Alphabet were worth $14,541,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Isthmus Partners LLC increased its holdings in shares of Alphabet by 37.6% in the 1st quarter. Isthmus Partners LLC now owns 2,544 shares of the information services provider’s stock worth $730,000 after acquiring an additional 695 shares during the period. Munich Reinsurance Co Stock Corp in Munich boosted its stake in Alphabet by 4.3% during the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 355,334 shares of the information services provider’s stock valued at $101,931,000 after purchasing an additional 14,530 shares during the period. Capstone Capital Management Ltd boosted its stake in Alphabet by 830.5% during the 1st quarter. Capstone Capital Management Ltd now owns 7,323 shares of the information services provider’s stock valued at $2,101,000 after purchasing an additional 6,536 shares during the period. Austin Asset Management Co Inc grew its position in Alphabet by 27.7% in the 1st quarter. Austin Asset Management Co Inc now owns 2,935 shares of the information services provider’s stock worth $842,000 after purchasing an additional 637 shares during the last quarter. Finally, CFS Investment Advisory Services LLC grew its position in Alphabet by 20.2% in the 1st quarter. CFS Investment Advisory Services LLC now owns 4,212 shares of the information services provider’s stock worth $1,208,000 after purchasing an additional 707 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 8,998 shares of Alphabet stock in a transaction that occurred 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 transaction, the insider owned 75,290 shares of the company’s stock, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 1,050 shares of the business’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 transaction of $387,061.50. Following the completion of the sale, the director owned 1,481 shares in the company, valued at $545,941.03. The trade was a 41.49% 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 in the last quarter. 12.99% of the stock is owned by company insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several pieces highlighted Alphabet’s durable AI and cloud execution, including commentary that its distribution across Search, Android, YouTube, and Google Cloud gives it an edge in monetizing AI better than many rivals.
• Positive Sentiment: Analysts and market commentary remained constructive, with Zacks upgrading Alphabet to “strong-buy,” and multiple reports saying the stock still looks undervalued after its strong rally and may have further upside from current levels.
• Positive Sentiment: Alphabet’s cloud and AI ecosystem continues to draw positive coverage, including a new agentic AI collaboration with Accenture and reports that digital demand and data-center growth could support the business in the second half of 2026.
• Positive Sentiment: Long-term confidence also got a boost from comments that Alphabet could be a winner in the AI race due to its massive distribution footprint and ability to turn AI spending into real returns.
• Neutral Sentiment: Alphabet’s search product set a record for queries per second during the World Cup, reinforcing the strength of its core franchise, though this is more of a usage signal than a direct earnings catalyst.
• Neutral Sentiment: Waymo’s plan to expand driverless rides to more cities supports Alphabet’s optionality in autonomous vehicles, but the impact on near-term stock performance is likely limited.
• Negative Sentiment: News that Google and OpenAI provided AI model access to Singapore-based affiliates of Chinese firms has renewed policy and export-control concerns, which could raise regulatory risk around AI distribution.
• Negative Sentiment: Alphabet is also facing more scrutiny abroad, including the UK bringing Google cloud services under direct oversight and an ongoing legal fight in India over its ads platform.
• Negative Sentiment: Some traders remain cautious about competition, with reports suggesting Meta could challenge Google’s AI leadership and that Alphabet’s recent price action has lagged broader tech at times.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GOOG. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 price target on shares of Alphabet in a report on Thursday, May 21st. KeyCorp set a $445.00 price objective on Alphabet in a report on Friday. Pivotal Research restated a “buy” rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $425.00 target price on shares of Alphabet in a research note on Thursday, April 30th. Finally, Stifel Nicolaus set a $420.00 price target on Alphabet in a research report on Wednesday, May 20th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $378.53.

Alphabet Stock Performance

Alphabet stock opened at $355.03 on Monday. Alphabet Inc. has a 12-month low of $177.54 and a 12-month high of $404.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The stock has a market capitalization of $4.30 trillion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. The firm has a 50 day simple moving average of $369.81 and a 200-day simple moving average of $335.38.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.81 earnings per share. As a group, equities research analysts expect that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend 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 yield of 0.2%. Alphabet’s dividend payout ratio is presently 6.71%.

Alphabet Profile

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.