Alphabet Inc. $GOOGL Stock Holdings Lessened by Petredis Investment Advisors LLC

Petredis Investment Advisors LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOGL) by 5.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,643 shares of the information services provider’s stock after selling 9,711 shares during the period. Alphabet accounts for about 4.0% of Petredis Investment Advisors LLC’s holdings, making the stock its 7th biggest position. Petredis Investment Advisors LLC’s holdings in Alphabet were worth $48,783,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOGL. EMC Capital Management acquired a new position in Alphabet in the 4th quarter valued at $33,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Alphabet in the 4th quarter worth $32,000. PMV Capital Advisers LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Alphabet during the fourth quarter worth about $38,000. Finally, Bard Associates Inc. acquired a new position in shares of Alphabet during the fourth quarter worth about $52,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GOOGL shares. Needham & Company LLC restated a “buy” rating and issued a $450.00 price objective on shares of Alphabet in a research report on Wednesday, June 3rd. Arete Research boosted their target price on Alphabet from $405.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Susquehanna reissued a “positive” rating and set a $460.00 target price (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Monday, April 20th. Finally, Barclays restated a “buy” rating on shares of Alphabet in a research note on Friday, May 29th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $413.13.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $343.71 on Friday. The firm 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 has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The business’s 50 day simple moving average is $368.94 and its 200-day simple moving average is $332.85. Alphabet Inc. has a 12 month low of $169.94 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL) last released 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 during the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, equities analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current fiscal year.

Alphabet Increases Dividend

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

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 102 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the completion of the sale, the director owned 2,531 shares in the company, valued at $995,341.06. This represents a 29.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 151,523 shares of company stock worth $4,863,526. Corporate insiders own 11.61% of the company’s stock.

Key Stories Impacting 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.

Alphabet Company Profile

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.