Griffin Asset Management Inc. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,276 shares of the information services provider’s stock after selling 1,461 shares during the quarter. Alphabet makes up about 1.2% of Griffin Asset Management Inc.’s portfolio, making the stock its 28th biggest position. Griffin Asset Management Inc.’s holdings in Alphabet were worth $10,693,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Imprint Wealth LLC purchased a new stake in shares of Alphabet during the third quarter valued at about $31,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet in the 4th quarter worth approximately $38,000. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet in the 4th quarter worth approximately $38,000. Bard Associates Inc. bought a new position in shares of Alphabet during the 4th quarter worth approximately $41,000. Finally, Towne Trust Company N.A raised its stake in shares of Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after acquiring an additional 34 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the sale, the chief accounting officer 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John Kent Walker sold 8,998 shares of the 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 directly 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 SEC filing for this sale provides additional information. Insiders have sold 160,465 shares of company stock worth $8,020,511 in the last 90 days. 12.99% of the stock is owned by insiders.
Analysts Set New Price Targets
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Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet received a fresh boost from analyst commentary and upgrades, including a Zacks Rank #1 (Strong Buy) and Bank of America’s view that Google search remains in an “expansionary moment,” which supports the case for continued earnings strength. Article: Alphabet (GOOG) Upgraded to Strong Buy: Here’s What You Should Know
- Positive Sentiment: Reports highlighted continued user and traffic gains for Google, while new AI chip initiatives suggest Alphabet could expand its TPU business and strengthen its position in cloud AI infrastructure. Article: Google holds steady as Claude, Gemini surge in June user growth
- Positive Sentiment: Several articles framed Alphabet as a key AI beneficiary with custom chips, hyperscaler scale, and potential upside into its July 22 earnings report, which may be helping support the shares. Article: Google (GOOGL) Wants a Bigger Piece of Nvidia’s AI Chip Market – Here’s Its Plan
- Neutral Sentiment: Investors are also watching Alphabet closely because it is a heavily followed “trending stock,” with attention building ahead of earnings rather than on a single new fundamental catalyst. Article: Alphabet Inc. (GOOG) Is a Trending Stock: Facts to Know Before Betting on It
- Negative Sentiment: Despite the bullish AI narrative, multiple reports point to a large and rising capex burden—analysts expect roughly $44.9 billion in Q2 capital spending—raising concerns that heavy AI investment could pressure near-term margins and cash flow. Article: Big Tech’s Massive AI Spending Is Just Starting. Earnings Will Show It.
- Negative Sentiment: Alphabet also faces broader investor concern that its ad dominance could come under threat and that the market may be discounting the payoff from its spending surge until earnings confirm the growth story. Article: Alphabet’s $1 Trillion Ad Dominance Is Facing New Threats
Alphabet Trading Down 1.2%
NASDAQ GOOG opened at $350.67 on Tuesday. Alphabet Inc. has a 1 year low of $180.71 and a 1 year 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 company has a market capitalization of $4.25 trillion, a PE ratio of 26.75, a P/E/G ratio of 1.52 and a beta of 1.23. The company has a fifty day moving average of $369.19 and a 200 day moving average of $335.63.
Alphabet (NASDAQ:GOOG – Get Free Report) last released its quarterly earnings data 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 business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 EPS. Research 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 issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, June 8th. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is presently 6.71%.
Alphabet Company 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.
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