Alphabet Inc. $GOOGL is Westfield Capital Management Co. LP’s 5th Largest Position

Westfield Capital Management Co. LP trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,178,478 shares of the information services provider’s stock after selling 66,172 shares during the period. Alphabet makes up approximately 2.8% of Westfield Capital Management Co. LP’s portfolio, making the stock its 5th largest holding. Westfield Capital Management Co. LP’s holdings in Alphabet were worth $681,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CIBC Bancorp USA Inc. bought a new stake in shares of Alphabet in the 3rd quarter worth $416,217,000. NewEdge Wealth LLC increased its holdings in shares of Alphabet by 11.8% in the 4th quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider’s stock worth $277,696,000 after purchasing an additional 93,293 shares in the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust bought a new stake in shares of Alphabet in the 4th quarter worth $28,902,000. Private Advisory Group LLC increased its holdings in shares of Alphabet by 12.2% in the 4th quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider’s stock worth $7,736,000 after purchasing an additional 2,678 shares in the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of Alphabet by 8.5% in the 3rd quarter. AE Wealth Management LLC now owns 924,927 shares of the information services provider’s stock worth $224,850,000 after purchasing an additional 72,235 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Down 2.2%

NASDAQ:GOOGL opened at $356.38 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.56 and a beta of 1.23. Alphabet Inc. has a one year low of $162.00 and a one year high of $408.61. The business has a fifty day moving average price of $357.80 and a 200-day moving average price of $329.64.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Sell-side analysts forecast that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date 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 currently 6.71%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GOOGL. Citigroup reissued an “outperform” rating on shares of Alphabet in a report on Monday, May 4th. Mizuho lifted their target price on Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Susquehanna reissued a “positive” rating and issued a $460.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Robert W. Baird boosted their target price on shares of Alphabet from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $445.00 target price (up from $425.00) on shares of Alphabet in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $413.13.

Insider Transactions at Alphabet

In other news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares in the company, valued at $7,132,701. This represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the sale, the director owned 2,531 shares of the company’s stock, valued at $995,341.06. This trade 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 worth $17,282,549 over the last three months. 11.61% of the stock is currently owned by insiders.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 EPS estimates for Alphabet, signaling confidence in the company’s earnings outlook and AI/cloud-driven growth. Veteran Analyst Firm Resets Alphabet Forecast for 2027
• Positive Sentiment: Google expanded Gemini features for small businesses, which could help drive broader adoption of its AI tools and support future subscription revenue. Google Debuts Gemini Features Geared to Small Businesses
• Positive Sentiment: Reports that Gemini app monthly users doubled to 900 million reinforce Alphabet’s momentum in AI products and its ability to monetize a large user base. Alphabet Inc. (GOOGL) Reports Doubling of Gemini App Monthly Users to 900 Million
• Neutral Sentiment: Alphabet’s valuation is being scrutinized after a strong run, with some market coverage focusing on whether recent momentum can continue at the same pace. Alphabet (NasdaqGS:GOOGL) Valuation Check As Share Price Momentum Cools After Strong Year
• Negative Sentiment: Google and Meta were denied a new trial in the youth social media addiction case, leaving a legal overhang in place for Alphabet’s YouTube business. Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge
• Negative Sentiment: News that Gemini and Google Workspace AI tools experienced outages could weigh on sentiment around product reliability, even if the impact is likely temporary. Gemini Is Down? Live Updates on Google Workspace’s AI Errors
• Negative Sentiment: A Reuters report said a fire at a third-party facility caused intermittent Google Cloud network disruptions in India, highlighting operational risk for the cloud business. Fire at third-party facility disrupts Google Cloud network traffic in India
• Negative Sentiment: A broader warning that the AI data-center buildout may be less certain than expected could pressure sentiment across hyperscalers, including Alphabet, if investors worry about returns on heavy AI infrastructure spending. Wall Street’s $800 Billion AI Data Center Bet Is Showing Cracks

About Alphabet

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.