Alphabet Inc. $GOOG Stock Holdings Decreased by Provident Investment Management Inc.

Provident Investment Management Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 226,338 shares of the information services provider’s stock after selling 11,018 shares during the period. Alphabet makes up approximately 6.5% of Provident Investment Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Provident Investment Management Inc.’s holdings in Alphabet were worth $71,025,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Imprint Wealth LLC purchased a new position in shares of Alphabet during the 3rd quarter valued at $31,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Alphabet during the 4th quarter valued at $38,000. Towne Trust Company N.A lifted its stake in shares of Alphabet by 34.0% during the 4th 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. Winnow Wealth LLC purchased a new position in shares of Alphabet during the 3rd quarter valued at $63,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of Alphabet by 29.0% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider’s stock valued at $63,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity at Alphabet

In other news, Director Frances Arnold sold 102 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total value of $37,842.00. Following the sale, the director owned 18,621 shares of the company’s stock, valued at approximately $6,908,391. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction 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 directly owned 2,531 shares in the company, valued at approximately $995,341.06. This represents a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 226,481 shares of company stock valued at $27,422,061 over the last quarter. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research reports. BMO Capital Markets restated an “outperform” rating and set a $400.00 target price on shares of Alphabet in a research report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and set a $450.00 target price on shares of Alphabet in a research report on Thursday. KeyCorp restated an “overweight” rating on shares of Alphabet in a research report on Wednesday. Scotiabank restated an “outperform” rating and set a $450.00 target price (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Finally, Wells Fargo & Company upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 23rd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $372.65.

Alphabet Price Performance

Alphabet stock opened at $383.47 on Friday. The company has a market cap of $4.65 trillion, a price-to-earnings ratio of 29.25, a PEG ratio of 1.65 and a beta of 1.25. The firm’s fifty day moving average is $334.12 and its 200 day moving average is $320.40. 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 52-week low of $163.33 and a 52-week high of $404.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Alphabet’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.81 earnings per share. Sell-side analysts forecast that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s payout ratio is currently 6.41%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google I/O 2026 highlighted new AI products, smarter Search, Gemini upgrades, AI ad tools, and agentic features that could boost Alphabet’s monetization across ads, cloud, and consumer services.
• Positive Sentiment: Bank of America, UBS and other analysts reiterated bullish views after the AI showcase, reinforcing confidence that Alphabet can turn AI adoption into revenue growth.
• Positive Sentiment: Alphabet’s new financing and infrastructure moves, including the yen note sale and Missouri data-center investment, support long-term AI capacity expansion.
• Neutral Sentiment: Alphabet continues to receive mixed commentary around valuation and market expectations after a sharp rally, which may limit near-term upside.
• Negative Sentiment: Waymo suspended freeway robotaxi rides and paused Atlanta operations while fixing safety issues in construction zones and flooded roads, creating headline risk for Alphabet.
• Negative Sentiment: Fresh insider selling by a director and additional regulatory/labor complaints in Europe add some short-term pressure and sentiment risk.

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.