Alphabet Inc. $GOOGL Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 10.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 202,772 shares of the information services provider’s stock after selling 23,181 shares during the period. Alphabet accounts for approximately 3.5% of Lmcg Investments LLC’s holdings, making the stock its 2nd biggest holding. Lmcg Investments LLC’s holdings in Alphabet were worth $58,309,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Richmond Investment Services LLC grew its stake in Alphabet by 7.4% in the first quarter. Richmond Investment Services LLC now owns 11,829 shares of the information services provider’s stock worth $3,402,000 after purchasing an additional 820 shares in the last quarter. Warner Group LLC raised its stake in Alphabet by 4.6% during the first quarter. Warner Group LLC now owns 3,806 shares of the information services provider’s stock valued at $1,095,000 after buying an additional 169 shares in the last quarter. Virginia Wealth Management Group Inc. lifted its holdings in Alphabet by 2.3% during the 1st quarter. Virginia Wealth Management Group Inc. now owns 2,251 shares of the information services provider’s stock worth $647,000 after buying an additional 51 shares during the last quarter. Cvfg LLC lifted its holdings in Alphabet by 438.5% during the 1st quarter. Cvfg LLC now owns 40,810 shares of the information services provider’s stock worth $11,735,000 after buying an additional 33,232 shares during the last quarter. Finally, Golden Road Advisors LLC grew its position in shares of Alphabet by 11.4% in the 1st quarter. Golden Road Advisors LLC now owns 3,280 shares of the information services provider’s stock worth $943,000 after acquiring an additional 336 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet News Roundup

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

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent research reports. Freedom Capital lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Piper Sandler restated an “overweight” rating and issued a $445.00 price target (up from $425.00) on shares of Alphabet in a research report on Monday, June 1st. Cantor Fitzgerald lifted their price target on shares of Alphabet from $395.00 to $465.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, April 28th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $415.00 target price (up from $375.00) on shares of Alphabet in a report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $414.11.

Alphabet Stock Down 2.2%

Alphabet stock opened at $346.77 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. Alphabet Inc. has a one year low of $183.71 and a one year high of $408.61. The company has a 50-day simple moving average of $368.89 and a 200-day simple moving average of $337.97. The firm has a market capitalization of $4.20 trillion, a P/E ratio of 26.45, a P/E/G ratio of 1.49 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL) last issued 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. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, equities analysts expect that Alphabet Inc. will post 14.32 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid 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 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio (DPR) is 6.71%.

Insider Activity at Alphabet

In other news, CAO Marsida Saraci sold 449 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the completion of the transaction, the chief accounting officer directly owned 27,348 shares in the company, valued at approximately $9,345,358.56. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. This represents a 41.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 159,415 shares of company stock valued at $7,672,279. Company insiders own 11.61% of the company’s stock.

About Alphabet

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.