Alphabet Inc. $GOOG Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 148,004 shares of the information services provider’s stock after selling 3,143 shares during the period. Alphabet accounts for approximately 1.5% of KCM Investment Advisors LLC’s holdings, making the stock its 18th largest holding. KCM Investment Advisors LLC’s holdings in Alphabet were worth $46,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in GOOG. Imprint Wealth LLC acquired a new position in shares of Alphabet during the 3rd quarter worth approximately $31,000. Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $41,000. Towne Trust Company N.A raised its stake in shares of Alphabet by 34.0% during the 4th quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock worth $42,000 after buying an additional 34 shares during the period. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of Alphabet during the 4th quarter worth approximately $45,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Scotiabank reaffirmed an “outperform” rating and set a $450.00 target price (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $425.00 target price on shares of Alphabet in a research note on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 target price on shares of Alphabet in a research note on Thursday, May 21st. Freedom Capital downgraded Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Stifel Nicolaus set a $420.00 price target on Alphabet in a research report on Wednesday, May 20th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Alphabet has an average rating of “Buy” and a consensus target price of $376.78.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $358.16 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $357.71 and a two-hundred day moving average of $329.52. The stock has a market cap of $4.34 trillion, a P/E ratio of 27.32, a PEG ratio of 1.53 and a beta of 1.23. Alphabet Inc. has a 52-week low of $163.33 and a 52-week high of $404.47.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.81 EPS. On average, research analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date is Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director directly owned 2,531 shares in the company, valued at $995,341.06. This represents a 29.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 8,993 shares of the company’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares of the company’s stock, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 191,966 shares of company stock worth $16,963,968 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s drone-delivery unit Wing expanded into seven more U.S. cities with Walmart, reinforcing that its Other Bets can scale into real businesses and may be more valuable than the market gives them credit for.
• Positive Sentiment: Waymo launched a $29.99 monthly membership program, adding a recurring-revenue layer to its robotaxi business and highlighting rapid growth in paid rides, which investors may see as a meaningful long-term opportunity.
• Positive Sentiment: Several analyst and commentary pieces remain constructive on Alphabet’s AI, cloud, and search setup, with some calling it an AI powerhouse and lifting price targets, which supports the stock’s bullish narrative.
• Positive Sentiment: Google is also expanding its real-estate listings nationwide and continuing to deepen its AI infrastructure and chip strategy, reinforcing multiple growth avenues beyond search advertising.
• Neutral Sentiment: Google filed suit against an alleged Chinese cybercrime group that used AI to scam victims, a move that shows the company is actively defending its platforms, though the stock impact is likely limited unless the issue escalates.
• Neutral Sentiment: Alphabet declined a $2 billion U.S. quantum-computing funding program, saying the terms could slow development; that may be viewed as a strategic choice rather than a major financial event.
• Neutral Sentiment: News that some billionaire investors sold Alphabet in Q1 while others bought more adds to the debate, but it does not change the underlying business fundamentals by itself.
• Negative Sentiment: Some recent coverage continues to focus on worries about rising capital expenditures and AI monetization, which can pressure sentiment if investors fear Alphabet’s AI spending will take longer to pay off.
• Negative Sentiment: Alphabet’s AI Overview feature has also faced renewed controversy, adding another small overhang around search quality and user trust.

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.