Griffin Asset Management Inc. Trims Holdings in Alphabet Inc. $GOOG

Griffin Asset Management Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.8% in the first quarter, HoldingsChannel.com reports. The firm owned 37,276 shares of the information services provider’s stock after selling 1,461 shares during the period. Alphabet accounts for approximately 1.2% of Griffin Asset Management Inc.’s portfolio, making the stock its 28th largest holding. Griffin Asset Management Inc.’s holdings in Alphabet were worth $10,693,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Beacon Financial Group lifted its stake in Alphabet by 22.5% during the 1st quarter. Beacon Financial Group now owns 16,168 shares of the information services provider’s stock worth $4,638,000 after acquiring an additional 2,969 shares in the last quarter. Forza Wealth Management LLC grew its position in Alphabet by 7.8% in the 1st quarter. Forza Wealth Management LLC now owns 1,675 shares of the information services provider’s stock valued at $480,000 after acquiring an additional 121 shares in the last quarter. Main Street Research LLC increased its stake in Alphabet by 16.7% during the first quarter. Main Street Research LLC now owns 23,437 shares of the information services provider’s stock worth $6,723,000 after purchasing an additional 3,346 shares during the period. Cherry Creek Investment Advisors Inc. increased its stake in Alphabet by 7.6% during the first quarter. Cherry Creek Investment Advisors Inc. now owns 9,847 shares of the information services provider’s stock worth $2,825,000 after purchasing an additional 694 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in shares of Alphabet by 13.4% during the first quarter. Kestra Advisory Services LLC now owns 658,110 shares of the information services provider’s stock worth $188,785,000 after purchasing an additional 77,539 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Price Performance

Shares of GOOG opened at $350.67 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a 1-year low of $180.71 and a 1-year high of $404.47. The stock has a market cap of $4.25 trillion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. The firm has a fifty day moving average price of $369.19 and a 200 day moving average price of $335.63.

Alphabet (NASDAQ:GOOG) last released its quarterly 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 company 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 firm’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.81 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a $0.22 dividend. The ex-dividend date 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 0.3%. Alphabet’s payout ratio is 6.71%.

Alphabet News Roundup

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. Freedom Capital downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. TD Cowen increased their price objective on Alphabet from $450.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Stifel Nicolaus set a $420.00 target price on Alphabet in a report on Wednesday, May 20th. KeyCorp set a $445.00 target price on Alphabet in a research note on Friday. Finally, Raymond James Financial restated a “strong-buy” rating and set a $425.00 price target on shares of Alphabet in a report on Thursday, April 30th. Five 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $378.53.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the sale, the insider owned 75,290 shares in the company, valued at $26,298,044.10. The trade was a 10.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 160,465 shares of company stock valued at $8,020,511 over the last 90 days. Insiders own 12.99% of the company’s stock.

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.