Alphabet Inc. $GOOG is Schmidt P J Investment Management Inc.’s 4th Largest Position

Schmidt P J Investment Management Inc. trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,832 shares of the information services provider’s stock after selling 3,236 shares during the quarter. Alphabet makes up about 5.1% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 4th biggest holding. Schmidt P J Investment Management Inc.’s holdings in Alphabet were worth $31,327,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $38,000. Imprint Wealth LLC acquired a new position in Alphabet during the third quarter worth $31,000. Manning & Napier Advisors LLC acquired a new position in Alphabet during the third quarter worth $32,000. Towne Trust Company N.A raised its position in Alphabet by 34.0% during the fourth 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 during the period. Finally, Creative Capital Management Investments LLC raised its position in Alphabet by 1,438.5% during the fourth quarter. Creative Capital Management Investments LLC now owns 200 shares of the information services provider’s stock worth $63,000 after acquiring an additional 187 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total transaction of $37,842.00. Following the completion of the sale, the director owned 18,621 shares of the company’s stock, valued at $6,908,391. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the company’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider directly owned 51,808 shares of the company’s stock, valued at $14,293,309.12. The trade was a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 191,053 shares of company stock valued at $58,845,206. 12.99% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday. Oppenheimer restated an “outperform” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday. Wedbush restated an “outperform” rating and set a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Monday, April 20th. Finally, Scotiabank restated an “outperform” rating and set a $450.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $362.73.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Record Q1 fundamentals — Alphabet beat estimates (EPS $5.11 vs. $2.64 consensus) and reported $109.9B revenue; Google Cloud grew ~63% to ~ $20B with a very large backlog, which underpins multi-year revenue visibility and explains the rally. Alphabet Q1 2026 Earnings Call Highlights
• Positive Sentiment: Wall Street is upgrading targets — multiple firms (JPMorgan, TD Cowen, Scotiabank, Raymond James, Piper Sandler and others) raised price targets and reiterated buys after the quarter, signaling analyst conviction that AI/cloud growth justifies higher valuation. Coverage: Recent price-target raises
• Positive Sentiment: Strategic wins and ecosystem advantages — articles argue Alphabet’s “compute” advantage (TPUs, datacenter scale, full‑stack Gemini integrations) gives it a structural edge versus rivals and supports both ad/product monetization and enterprise AI demand. Compute is destiny. Google just proved it.
• Neutral Sentiment: Government and enterprise demand — the U.S. Pentagon and other large customers have agreements with leading AI providers including Google, validating long-term cloud/AI revenue channels but timing and contract sizes vary. This supports durable demand but is not an immediate revenue kicker. Pentagon reaches agreements with leading AI companies
• Negative Sentiment: CapEx intensity and cash flow tradeoff — management signaled very large AI-related capital spending (2026 capex ~ $185–190B and “significantly higher” expected in 2027). That funds growth but will pressure free cash flow and raises execution/ROI scrutiny. Alphabet ups 2026 capex to as much as $190 billion
• Negative Sentiment: Rising cost concerns and regulatory risks — commentary highlights the growing capital and operating cost of AI (potential margin/cashflow headwinds), and regulators in Europe are probing Google’s AI/search features — both are watch‑items for investors. Google Stock Growth Collides With The Rising Cost Of AI Italy asks EU to investigate Google AI search tools

Alphabet Price Performance

Alphabet stock opened at $383.22 on Monday. Alphabet Inc. has a 52-week low of $149.49 and a 52-week high of $383.39. The firm has a market capitalization of $4.64 trillion, a price-to-earnings ratio of 29.23, a PEG ratio of 1.81 and a beta of 1.25. The company has a fifty day simple moving average of $312.44 and a 200-day simple moving average of $308.65. 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 (NASDAQ:GOOG) last released its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $106.96 billion. During the same quarter in the prior year, the firm earned $2.81 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, equities analysts anticipate that Alphabet Inc. will post 12.78 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. Alphabet’s payout ratio is currently 6.41%.

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.