Alphabet Inc. $GOOGL Shares Sold by CPC Advisors LLC

CPC Advisors LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 70.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,614 shares of the information services provider’s stock after selling 20,747 shares during the quarter. CPC Advisors LLC’s holdings in Alphabet were worth $2,477,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GOOGL. Johnson Bixby & Associates LLC increased its stake in shares of Alphabet by 4.6% during the first quarter. Johnson Bixby & Associates LLC now owns 1,859 shares of the information services provider’s stock worth $535,000 after purchasing an additional 81 shares in the last quarter. Mountain Pacific Investment Advisers LLC boosted its stake in shares of Alphabet by 2.6% in the first quarter. Mountain Pacific Investment Advisers LLC now owns 1,967 shares of the information services provider’s stock worth $566,000 after acquiring an additional 50 shares during the last quarter. Everstar Asset Management LLC boosted its stake in shares of Alphabet by 2.7% in the first quarter. Everstar Asset Management LLC now owns 1,399 shares of the information services provider’s stock worth $402,000 after acquiring an additional 37 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of Alphabet by 0.3% during the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 18,466 shares of the information services provider’s stock worth $5,310,000 after purchasing an additional 53 shares in the last quarter. Finally, jvl associates llc raised its stake in Alphabet by 3.1% in the 1st quarter. jvl associates llc now owns 15,185 shares of the information services provider’s stock valued at $4,367,000 after purchasing an additional 452 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Alphabet stock opened at $343.71 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. The company has a market capitalization of $4.16 trillion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 1.48 and a beta of 1.23. The company’s 50 day simple moving average is $368.94 and its 200-day simple moving average is $332.85. Alphabet Inc. has a 1 year low of $169.94 and a 1 year high of $408.61.

Alphabet (NASDAQ:GOOGL) last posted its earnings results 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 during 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 research analysts expect that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is presently 6.71%.

Insider Transactions at Alphabet

In other Alphabet news, Director Frances Arnold sold 102 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $381.00, for a total transaction of $38,862.00. Following the sale, the director directly owned 18,721 shares in the company, valued at $7,132,701. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 151,523 shares of company stock worth $4,863,526 over the last quarter. 11.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GOOGL. Arete Research lifted their target price on shares of Alphabet from $405.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Morgan Stanley upped their price objective on shares of Alphabet from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. KeyCorp reissued an “overweight” rating and issued a $425.00 target price on shares of Alphabet in a research note on Wednesday, May 20th. UBS Group reiterated a “neutral” rating on shares of Alphabet in a research report on Wednesday, May 20th. Finally, HSBC restated a “buy” rating and issued a $420.00 target price (down from $435.00) on shares of Alphabet in a report on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $413.13.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet was announced as the replacement for Verizon in the Dow Jones Industrial Average, a high-profile index inclusion that can boost demand from index funds and improve investor sentiment. Alphabet replacing Verizon in Dow Jones Industrial Average index
• Positive Sentiment: Google Finance launched a new app and expanded portfolio-tracking tools, adding another product update that could support engagement across Google’s financial services ecosystem. Google Finance Debuts App and Investment Tracking Capabilities
• Neutral Sentiment: Several reports noted Alphabet remains a favored large-cap tech name among some investors and that the stock had previously benefited from the Dow inclusion announcement.
• Negative Sentiment: News that multiple AI researchers are leaving Google for rivals such as Anthropic and OpenAI is pressuring sentiment, as investors worry about talent retention and competitive pressure in AI. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Additional coverage of Google’s “brain drain” and reports that Gemini 3.5 Pro was delayed to July add to concerns that Alphabet may be losing ground in the AI race. Google delays Gemini 3.5 Pro launch to July as it tweaks its new frontier AI model
• Negative Sentiment: The broader selloff also reflects anxiety around AI execution and competition, with investors reacting to talent departures and delays rather than the company’s longer-term fundamentals.

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.