Alphabet Inc. $GOOG Shares Sold by Mitchell Capital Management Co.

Mitchell Capital Management Co. decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,769 shares of the information services provider’s stock after selling 3,417 shares during the quarter. Alphabet comprises 5.5% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 3rd largest holding. Mitchell Capital Management Co.’s holdings in Alphabet were worth $30,994,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GOOG. Brighton Jones LLC grew its stake in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after buying an additional 6,410 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in Alphabet by 76.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider’s stock worth $330,886,000 after purchasing an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in Alphabet in the 2nd quarter worth approximately $658,000. Financial Advisors Network Inc. lifted its holdings in Alphabet by 7.7% in the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider’s stock worth $1,409,000 after purchasing an additional 565 shares during the last quarter. Finally, Ausdal Financial Partners Inc. lifted its holdings in Alphabet by 10.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider’s stock worth $6,618,000 after purchasing an additional 3,616 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GOOG. TD Cowen restated a “buy” rating on shares of Alphabet in a report on Thursday, May 21st. KeyCorp restated an “overweight” rating on shares of Alphabet in a report on Wednesday, May 20th. Needham & Company LLC set a $400.00 target price on Alphabet and gave the stock a “buy” rating in a report on Friday, March 13th. Raymond James Financial restated a “strong-buy” rating and issued a $425.00 target price on shares of Alphabet in a report on Thursday, April 30th. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $435.00 target price on shares of Alphabet in a report on Tuesday, June 2nd. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $376.00.

Alphabet Stock Down 1.3%

Shares of GOOG stock opened at $361.17 on Tuesday. Alphabet Inc. has a 12 month low of $163.33 and a 12 month high of $404.47. The firm has a market cap of $4.38 trillion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23. The stock has a 50 day moving average of $351.67 and a 200-day moving average of $327.90. 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 (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. 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 analyst estimates of $106.96 billion. During the same period in the previous year, the company earned $2.81 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities analysts predict that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The firm 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 dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet’s dividend payout ratio is presently 6.41%.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 8,993 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the sale, the insider directly owned 51,808 shares in the company, valued at approximately $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the sale, the director owned 2,531 shares in the company, valued at approximately $995,341.06. This represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 193,016 shares of company stock valued at $17,282,549 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet continues to benefit from strong AI demand, including reports that Google may place a large chip order with Intel and that its Gemini AI efforts could generate meaningful recurring revenue. Analysts also reiterated bullish views, citing ongoing demand for AI infrastructure and capex. Intel shares soar on reported in-house chip deal with Alphabet
• Positive Sentiment: Alphabet’s Waymo unit remains a competitive strength, with news that Waymo bought a large Arizona proving ground and broader coverage highlighting Waymo’s role in the growing robotaxi race. Waymo bought Apple’s self-driving car proving ground for $220M
• Neutral Sentiment: Alphabet also drew attention after Apple’s WWDC keynote referenced Google help for AI features, reinforcing Google’s role in major AI partnerships, though the direct stock impact is less clear. Apple partnering with Google and Nvidia for most advanced AI model
• Negative Sentiment: The main drag on the stock is concern that Alphabet is aggressively raising capital and ramping spending on AI infrastructure, which could pressure near-term margins and free cash flow. Market commentary also pointed to valuation worries after the company’s recent financing plans. What’s Going On With Alphabet Stock?
• Negative Sentiment: Zacks notes GOOG has been sliding even as the broader market rose, suggesting investors are rotating away from Alphabet amid ongoing uncertainty about AI spending intensity and execution. Alphabet Inc. (GOOG) Stock Drops Despite Market Gains: Important Facts to Note

About Alphabet

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.