Glenmede Trust Co. NA Sells 71,904 Shares of Alphabet Inc. $GOOG

Glenmede Trust Co. NA reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,123,422 shares of the information services provider’s stock after selling 71,904 shares during the period. Alphabet makes up approximately 1.6% of Glenmede Trust Co. NA’s investment portfolio, making the stock its 11th biggest position. Glenmede Trust Co. NA’s holdings in Alphabet were worth $322,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Imprint Wealth LLC bought a new position in shares of Alphabet in the 3rd quarter valued at $31,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Alphabet during the 4th quarter worth $38,000. Lifetime Wealth Management P.C. bought a new stake in shares of Alphabet during the 4th quarter worth $38,000. Bard Associates Inc. acquired a new stake in Alphabet in the fourth quarter valued at about $41,000. Finally, Towne Trust Company N.A boosted its stake in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider’s stock valued at $42,000 after buying an additional 34 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wells Fargo & Company decreased their target price on Alphabet from $418.00 to $411.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. Morgan Stanley reduced their price target on shares of Alphabet from $415.00 to $400.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. DZ Bank upgraded shares of Alphabet to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Truist Financial dropped their price objective on shares of Alphabet from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $410.09.

Alphabet Price Performance

Alphabet stock opened at $356.65 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.36 trillion, a PE ratio of 17.91, a P/E/G ratio of 0.94 and a beta of 1.23. Alphabet Inc. has a 12 month low of $188.70 and a 12 month high of $404.47. The stock has a 50-day moving average price of $355.82 and a two-hundred day moving average price of $337.91.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share for the quarter, topping the consensus estimate of $2.87 by $6.24. Alphabet had a return on equity of 51.32% and a net margin of 54.77%.The company had revenue of $119.80 billion for the quarter, compared to analysts’ expectations of $116.53 billion. During the same period in the previous year, the business posted $2.31 earnings per share. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. Analysts expect that Alphabet Inc. will post 20.51 EPS for the current year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 4.42%.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Frances Arnold sold 82 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $333.39, for a total value of $27,337.98. Following the completion of the transaction, the director directly owned 18,914 shares in the company, valued at approximately $6,305,738.46. This represents a 0.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 8,998 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares of the company’s stock, valued at $26,298,044.10. The trade was a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 600,547 shares of company stock valued at $16,255,540. 12.99% of the stock is owned by insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI and cloud growth are supporting the stock. Investors are responding to evidence that Alphabet’s large AI investments can drive revenue and profits. Google Cloud continues to be a key valuation driver, while the company’s custom AI chips are increasingly viewed as credible alternatives to Nvidia’s products. Alphabet and Amazon custom AI chips
• Positive Sentiment: Strong fundamentals and bullish positioning remain supportive. Alphabet recently reported quarterly revenue of $119.8 billion, up 24.2% year over year, and exceeded consensus EPS expectations. Analysts remain broadly positive, while investors purchased approximately 275,667 call options Friday—about 33% above average daily call volume.
• Positive Sentiment: Enterprise AI partnerships could expand Google Cloud demand. Alphabet’s Gemini models are being integrated into Oracle’s enterprise software, and the company is reportedly backing financing for an Anthropic data center. These developments could generate additional demand for Alphabet’s cloud infrastructure and AI services.
• Neutral Sentiment: Capital spending remains the central investment debate. Alphabet raised its 2026 capital-expenditure outlook to $195 billion–$205 billion. The spending is intended to capture AI demand, but investors are watching whether future revenue growth will justify the scale of the investment.
• Negative Sentiment: AI spending is weighing on cash flow. A sharp increase in infrastructure investment reportedly pushed free cash flow negative in the latest quarter, while rising memory and data-center costs could increase future depreciation and pressure margins. AI buildout costs
• Negative Sentiment: Google withdrew its Earth AI feature after misinformation concerns. The one-day-old feature allowed fabricated AI images inside Google Earth, and its cancellation highlights reputational and product-governance risks. Google Earth AI feature cancellation

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.