Alphabet Inc. $GOOGL Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,167 shares of the information services provider’s stock after selling 2,502 shares during the period. Alphabet accounts for about 1.1% of Montag A & Associates Inc.’s investment portfolio, making the stock its 17th largest holding. Montag A & Associates Inc.’s holdings in Alphabet were worth $24,491,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. bought a new stake in shares of Alphabet in the 3rd quarter worth approximately $416,217,000. NewEdge Wealth LLC boosted its holdings in Alphabet by 11.8% during the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider’s stock worth $277,696,000 after buying an additional 93,293 shares in the last quarter. World Investment Advisors grew its position in Alphabet by 9.2% in the fourth quarter. World Investment Advisors now owns 274,761 shares of the information services provider’s stock worth $86,000,000 after buying an additional 23,107 shares during the last quarter. PFG Investments LLC grew its position in Alphabet by 2.6% in the first quarter. PFG Investments LLC now owns 89,299 shares of the information services provider’s stock worth $25,679,000 after buying an additional 2,269 shares during the last quarter. Finally, Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new position in shares of Alphabet in the fourth quarter valued at $28,902,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frances Arnold sold 112 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the sale, the director owned 18,833 shares of the company’s stock, valued at approximately $6,615,656.24. This represents a 0.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 159,415 shares of company stock worth $7,672,279. Corporate insiders own 11.61% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $354.46 on Friday. The company’s fifty day moving average is $369.97 and its two-hundred day moving average is $337.91. The company has a market cap of $4.29 trillion, a P/E ratio of 27.04, a price-to-earnings-growth ratio of 1.58 and a beta of 1.24. Alphabet Inc. has a 12-month low of $180.48 and a 12-month high of $408.61. 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:GOOGL) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. Equities analysts expect that Alphabet Inc. will post 14.32 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Monday, June 8th. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is 6.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Monday, May 4th. Citigroup restated an “outperform” rating on shares of Alphabet in a report on Monday, May 4th. CICC Research boosted their target price on Alphabet from $388.00 to $407.91 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Cantor Fitzgerald upped their target price on Alphabet from $395.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Mizuho increased their price target on Alphabet from $420.00 to $460.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $413.73.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Bank of America said Alphabet could beat second-quarter expectations, citing strength in Google Cloud and a potential boost from its Anthropic stake; the firm raised estimates and kept a bullish view. Alphabet could crush estimates on Cloud strength, Anthropic windfall: BofA
• Positive Sentiment: Multiple analysts reiterated constructive views on Alphabet ahead of earnings, with reports highlighting earnings growth, price strength, and a favorable setup for the upcoming results. Alphabet Set for Solid Quarterly Results on Cloud Strength, BofA Says
• Positive Sentiment: Warren Buffett’s comments that he initiated Berkshire Hathaway’s Alphabet investment added a sentiment boost, reinforcing confidence in the stock’s long-term appeal. Warren Buffett tells CNBC he initiated Berkshire Hathaway’s investment in Alphabet
• Positive Sentiment: Google also unveiled product updates in AI Mode and Google Vids, which support the view that Alphabet is still expanding its AI ecosystem and monetization opportunities. Google’s AI Mode now lets you link and interact with select apps
• Neutral Sentiment: Alphabet remains a major earnings watch name ahead of next week’s report, with investors focused on Cloud growth, Search resilience, and capital spending trends.
• Negative Sentiment: Bloomberg reported that Google’s Gemini 3.5 Pro AI model is months behind schedule and has fallen short of internal coding goals, raising questions about execution in a key AI product area. Google Gemini launch delayed as tech falls short of internal goals, Bloomberg News reports
• Negative Sentiment: The European Union issued new rules requiring Google to share more search data and open Android to rival AI companies, adding to Alphabet’s regulatory overhang in Europe. Google required to open up to AI, search engine rivals under EU-mandated changes
• Negative Sentiment: Law firms also announced a securities fraud investigation tied to the AI delay report, which can increase investor caution and volatility around the stock. Securities Fraud Investigation Into Alphabet Inc. (GOOG) Announced

Alphabet Company 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.