First Horizon Corp Sells 4,036 Shares of Alphabet Inc. $GOOGL

First Horizon Corp lessened its position in Alphabet Inc. (NASDAQ:GOOGL) by 5.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,222 shares of the information services provider’s stock after selling 4,036 shares during the period. First Horizon Corp’s holdings in Alphabet were worth $21,631,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mosaic Family Wealth Partners LLC boosted its position in Alphabet by 123.8% in the first quarter. Mosaic Family Wealth Partners LLC now owns 9,661 shares of the information services provider’s stock valued at $2,778,000 after buying an additional 5,345 shares in the last quarter. Ibex Wealth Advisors increased its holdings in shares of Alphabet by 4.3% during the first quarter. Ibex Wealth Advisors now owns 66,119 shares of the information services provider’s stock worth $19,013,000 after buying an additional 2,727 shares in the last quarter. Granite Investment Partners LLC increased its holdings in shares of Alphabet by 1.9% during the first quarter. Granite Investment Partners LLC now owns 34,212 shares of the information services provider’s stock worth $9,838,000 after buying an additional 650 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Alphabet by 1.9% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,866,427 shares of the information services provider’s stock valued at $531,732,000 after acquiring an additional 34,208 shares during the last quarter. Finally, Griffith & Werner Inc. bought a new position in shares of Alphabet in the first quarter valued at approximately $220,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 2.2%

Shares of NASDAQ:GOOGL opened at $346.77 on Friday. Alphabet Inc. has a one year low of $183.71 and a one year high of $408.61. The company has a 50 day moving average of $368.89 and a 200-day moving average of $337.97. 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 cap of $4.20 trillion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 1.45 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data 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 net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. On average, sell-side analysts forecast that Alphabet Inc. will post 14.33 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is presently 6.71%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GOOGL. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research report on Monday, June 22nd. China Renaissance lifted their price objective on Alphabet from $400.00 to $485.00 and gave the company a “buy” rating in a research report on Monday, May 4th. BNP Paribas Exane boosted their price objective on Alphabet from $390.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Roth Capital restated a “buy” rating on shares of Alphabet in a report on Thursday, April 30th. Finally, Evercore raised their target price on Alphabet from $400.00 to $420.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $414.11.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

Insider Buying and Selling

In other news, CAO Marsida Saraci sold 449 shares of the firm’s stock in a transaction 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 directly owned 27,348 shares in the company, valued at $9,345,358.56. This trade represents a 1.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction 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 directly owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 159,415 shares of company stock worth $7,672,279 over the last 90 days. 11.61% of the stock is currently owned by corporate insiders.

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.