Northeast Investment Management Sells 13,495 Shares of Alphabet Inc. $GOOGL

Northeast Investment Management trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 519,703 shares of the information services provider’s stock after selling 13,495 shares during the period. Alphabet comprises about 6.4% of Northeast Investment Management’s portfolio, making the stock its 3rd biggest holding. Northeast Investment Management’s holdings in Alphabet were worth $162,667,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Western Pacific Wealth Management LP grew its position in shares of Alphabet by 1.7% in the fourth quarter. Western Pacific Wealth Management LP now owns 22,709 shares of the information services provider’s stock valued at $7,108,000 after purchasing an additional 371 shares during the last quarter. Argos Wealth Advisors LLC bought a new stake in shares of Alphabet in the fourth quarter valued at about $5,579,000. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Alphabet in the fourth quarter valued at about $279,000. Investment Advisory Services Group LLC bought a new stake in shares of Alphabet in the fourth quarter valued at about $2,338,000. Finally, Jacksonville Wealth Management LLC lifted its stake in Alphabet by 1.7% during the fourth quarter. Jacksonville Wealth Management LLC now owns 2,421 shares of the information services provider’s stock worth $758,000 after purchasing an additional 41 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GOOGL has been the subject of a number of analyst reports. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research note on Monday, May 4th. DA Davidson raised their price target on shares of Alphabet from $300.00 to $310.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. President Capital raised their price target on shares of Alphabet from $375.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $515.00 price target on shares of Alphabet in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $412.94.

Insider Buying and Selling

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total value of $2,077,531.25. 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 955 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total transaction of $284,590.00. Following the completion of the sale, the chief accounting officer directly owned 9,918 shares in the company, valued at $2,955,564. This represents a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 226,481 shares of company stock worth $27,422,061 over the last ninety days. 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: Google Cloud reported standout Q1’26 results, with revenue up 63% to $20 billion, a 32.9% margin, and a backlog that reached $462 billion, suggesting strong demand and improving profitability. GOOGL Rides on Surging Google Cloud Demand: More Upside Ahead?
• Positive Sentiment: Alphabet and Blackstone announced a partnership to build 500MW of U.S. data center capacity by 2027, underscoring Alphabet’s push to monetize TPU-powered AI compute as a service. Google and Blackstone partner on TPU-powered data centre capacity
• Positive Sentiment: Alphabet’s buy rating was reaffirmed by Barclays, adding to the bullish analyst tone around the stock. Alphabet Class A (GOOGL) Gets a Buy from Cantor Fitzgerald
• Positive Sentiment: Reuters reported that EQT partnered with Google Cloud to accelerate AI adoption across more than 300 portfolio companies, reinforcing Alphabet’s enterprise AI momentum. Private equity firm EQT partners with Google Cloud for AI rollout
• Neutral Sentiment: Waymo continued expanding its robotaxi fleet with lower-cost vehicles and new rider access, which supports Alphabet’s optionality in autonomous driving but is not an immediate earnings driver. Waymo opens Ojai robotaxis to select riders as company aims to lower cost of fleet expansion
• Negative Sentiment: Alphabet is facing fresh reputational and legal pressure after U.S. prosecutors charged a Google engineer in a Polymarket insider-trading case, and an Indian court ruling raised trademark-related ad risk. Indian court ruling on Google keyword ads could reshape online advertising
• Negative Sentiment: Some commentary also suggested Alphabet could face pressure as AI rivals like OpenAI and Anthropic raise larger funding war chests, keeping competition concerns in focus. Anthropic Leapfrogs OpenAI In Valuation. But Here’s One Thing To Know.

Alphabet Price Performance

Shares of GOOGL stock opened at $380.34 on Friday. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61. The firm has a market capitalization of $4.61 trillion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26. 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 firm has a fifty day moving average of $345.77 and a 200-day moving average of $324.91.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. On average, equities research analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.22 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is presently 6.41%.

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.