Glenmede Trust Co. NA Sells 71,904 Shares of Alphabet Inc. $GOOG

Glenmede Trust Co. NA reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 6.0% during the first quarter, Holdings Channel.com reports. The fund owned 1,123,422 shares of the information services provider’s stock after selling 71,904 shares during the period. Alphabet makes up about 1.6% of Glenmede Trust Co. NA’s portfolio, making the stock its 11th biggest position. Glenmede Trust Co. NA’s holdings in Alphabet were worth $322,265,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Axiom Investment Management LLC acquired a new stake in Alphabet during the 1st quarter valued at approximately $228,000. Summitry LLC lifted its position in shares of Alphabet by 22.6% in the 1st quarter. Summitry LLC now owns 39,914 shares of the information services provider’s stock worth $11,450,000 after purchasing an additional 7,354 shares during the period. WNY Asset Management LLC bought a new stake in shares of Alphabet in the 1st quarter valued at $2,611,000. Coastline Complete Wealth LLC boosted its stake in shares of Alphabet by 10.4% in the 1st quarter. Coastline Complete Wealth LLC now owns 2,562 shares of the information services provider’s stock valued at $735,000 after purchasing an additional 242 shares during the last quarter. Finally, Montchanin Asset Management LLC bought a new stake in shares of Alphabet in the 1st quarter valued at $7,075,000. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GOOG shares. Roth Capital lifted their target price on shares of Alphabet from $435.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. KeyCorp set a $445.00 price target on shares of Alphabet in a research report on Friday, July 10th. UBS Group reiterated a “neutral” rating and set a $379.00 price target (down from $400.00) on shares of Alphabet in a report on Thursday, July 23rd. Scotiabank reiterated an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $475.00 price objective on shares of Alphabet in a research note on Thursday, July 23rd. Seven analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and a consensus price target of $410.09.

Insider Activity

In related news, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the company’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 directly owned 1,481 shares in the company, valued at approximately $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 600,547 shares of company stock worth $16,255,540. Company insiders own 12.99% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI and cloud growth are supporting the stock. Investors are responding to evidence that Alphabet’s large AI investments can drive revenue and profits. Google Cloud continues to be a key valuation driver, while the company’s custom AI chips are increasingly viewed as credible alternatives to Nvidia’s products. Alphabet and Amazon custom AI chips
• Positive Sentiment: Strong fundamentals and bullish positioning remain supportive. Alphabet recently reported quarterly revenue of $119.8 billion, up 24.2% year over year, and exceeded consensus EPS expectations. Analysts remain broadly positive, while investors purchased approximately 275,667 call options Friday—about 33% above average daily call volume.
• Positive Sentiment: Enterprise AI partnerships could expand Google Cloud demand. Alphabet’s Gemini models are being integrated into Oracle’s enterprise software, and the company is reportedly backing financing for an Anthropic data center. These developments could generate additional demand for Alphabet’s cloud infrastructure and AI services.
• Neutral Sentiment: Capital spending remains the central investment debate. Alphabet raised its 2026 capital-expenditure outlook to $195 billion–$205 billion. The spending is intended to capture AI demand, but investors are watching whether future revenue growth will justify the scale of the investment.
• Negative Sentiment: AI spending is weighing on cash flow. A sharp increase in infrastructure investment reportedly pushed free cash flow negative in the latest quarter, while rising memory and data-center costs could increase future depreciation and pressure margins. AI buildout costs
• Negative Sentiment: Google withdrew its Earth AI feature after misinformation concerns. The one-day-old feature allowed fabricated AI images inside Google Earth, and its cancellation highlights reputational and product-governance risks. Google Earth AI feature cancellation

Alphabet Stock Performance

NASDAQ:GOOG opened at $356.65 on Friday. The company has a quick ratio of 2.64, a current ratio of 2.72 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $188.70 and a twelve month high of $404.47. The company has a fifty day moving average of $355.82 and a 200-day moving average of $337.91. The firm has a market capitalization of $4.36 trillion, a P/E ratio of 17.91, a P/E/G ratio of 0.94 and a beta of 1.23.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $6.24. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $116.53 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. Alphabet’s revenue was up 24.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.31 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, September 7th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s dividend payout ratio is currently 4.42%.

Alphabet 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.