Alphabet Inc. $GOOGL Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL) by 15.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,683 shares of the information services provider’s stock after selling 16,672 shares during the quarter. Alphabet makes up about 2.4% of Telos Capital Management Inc.’s portfolio, making the stock its 4th biggest holding. Telos Capital Management Inc.’s holdings in Alphabet were worth $25,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Matthew Goff Investment Advisor LLC boosted its holdings in shares of Alphabet by 4.6% in the 1st quarter. Matthew Goff Investment Advisor LLC now owns 3,674 shares of the information services provider’s stock valued at $1,056,000 after buying an additional 160 shares during the last quarter. Rainier Family Wealth Inc. raised its position in Alphabet by 17.0% during the first quarter. Rainier Family Wealth Inc. now owns 15,308 shares of the information services provider’s stock worth $4,402,000 after acquiring an additional 2,225 shares in the last quarter. Birch Financial Group LLC raised its position in Alphabet by 7.6% during the first quarter. Birch Financial Group LLC now owns 3,054 shares of the information services provider’s stock worth $878,000 after acquiring an additional 215 shares in the last quarter. Roxbury Financial LLC lifted its stake in Alphabet by 1.7% in the first quarter. Roxbury Financial LLC now owns 17,884 shares of the information services provider’s stock valued at $5,143,000 after acquiring an additional 306 shares during the last quarter. Finally, Kaufman Rossin Wealth LLC grew its position in shares of Alphabet by 18.4% in the 1st quarter. Kaufman Rossin Wealth LLC now owns 1,865 shares of the information services provider’s stock valued at $536,000 after acquiring an additional 290 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Down 1.8%

Alphabet stock opened at $337.39 on Friday. The stock has a market cap of $4.09 trillion, a P/E ratio of 25.74, a P/E/G ratio of 1.47 and a beta of 1.23. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a twelve month low of $171.73 and a twelve month high of $408.61. The company’s 50-day moving average price is $368.94 and its two-hundred day moving average price is $332.88.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.98 billion. As a group, analysts expect that Alphabet Inc. will post 14.3 EPS for the current year.

Alphabet Increases Dividend

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

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Morgan Stanley lifted their price target on Alphabet from $330.00 to $375.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Dbs Bank upped their price objective on Alphabet from $400.00 to $460.00 in a research note on Thursday, May 7th. Rothschild & Co Redburn raised their price objective on Alphabet from $390.00 to $430.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $393.00 target price on shares of Alphabet in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $413.13.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total transaction of $387,061.50. Following the transaction, the director owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 151,523 shares of company stock valued at $4,863,526. Company insiders own 11.61% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Some analysts remain constructive on Alphabet’s growth outlook, pointing to rising advertising revenue and AI-driven ad tools as support for further upside. Alphabet Benefits From Rising Advertising Revenues: More Upside Ahead?
• Positive Sentiment: Reports that Alphabet is joining the Dow were viewed as a sign of prestige and long-term institutional support for the stock. Google Parent Alphabet Is Joining the Dow. Time to Buy?
• Positive Sentiment: Apple is reportedly paying Alphabet about $1 billion a year to use Gemini in Siri, highlighting another monetization path for Google’s AI platform even if the deal is smaller than Google’s search-payment arrangement with Apple. Apple Is Paying Google $1 Billion a Year for AI. Here’s Who the Real Winner Is.
• Neutral Sentiment: Wedbush said the recent sell-off in major AI names looks more like short-term investor impatience than a breakdown in the AI trade, suggesting the broader pullback may be a buying opportunity. Wedbush brushes off tech sell-off as buying chance in multi-year AI bull run
• Neutral Sentiment: Google Finance launched a new app and upgraded portfolio-tracking features, which improve the product offering but are unlikely to move the stock on their own. Google Finance Debuts App and Investment Tracking Capabilities
• Negative Sentiment: Alphabet is facing renewed concern over AI talent departures, including reports of senior researchers leaving for rivals such as Anthropic and OpenAI, which raises questions about execution in Gemini and its broader AI strategy. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Google is also drawing criticism for tougher negotiations with publishers over AI content access, potentially worsening relations with media partners already seeing traffic declines from AI search changes. Google looks to bleed publishers with new AI partnerships that would cull their content
• Negative Sentiment: Multiple reports say AI-focused stocks, including Alphabet, are under pressure as investors question whether the “all-in on AI” trade has gone too far in the near term. PLTR, GOOG and MSFT Forecasts – AI Names Struggling at the Moment

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.