Alphabet Inc. $GOOG Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 5.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,726 shares of the information services provider’s stock after selling 4,537 shares during the quarter. Wesbanco Bank Inc.’s holdings in Alphabet were worth $22,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GOOG. Imprint Wealth LLC acquired a new stake in shares of Alphabet in the third quarter valued at about $31,000. Nvest Wealth Strategies Inc. purchased a new stake in shares of Alphabet during the fourth quarter worth about $38,000. Lifetime Wealth Management P.C. acquired a new position in shares of Alphabet during the 4th quarter worth about $38,000. Bard Associates Inc. acquired a new position in shares of Alphabet during the 4th quarter worth about $41,000. Finally, Towne Trust Company N.A lifted its stake in Alphabet by 34.0% in 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. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 5.0%

Shares of NASDAQ GOOG opened at $351.28 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.26 trillion, a PE ratio of 26.79, a PEG ratio of 1.43 and a beta of 1.23. Alphabet Inc. has a twelve month low of $173.88 and a twelve month high of $404.47. The stock has a fifty day simple moving average of $366.70 and a 200-day simple moving average of $332.30.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The business had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. During the same period last year, the firm earned $2.81 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.3%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Monday, June 8th. Alphabet’s dividend payout ratio is presently 6.71%.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet officially debuted in the Dow, replacing Verizon, which is driving index-fund demand and signaling stronger institutional recognition for the stock. Reuters: Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
• Positive Sentiment: Multiple reports say Alphabet shares are getting a lift from the Dow addition and renewed enthusiasm for large-cap tech and AI exposure. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions
• Positive Sentiment: Analysts and market commentators view the recent pullback in big tech as a potential buying opportunity, especially given Alphabet’s strong cloud and AI momentum. 24/7 Wall St.: Dan Ives Says the $3 Trillion Tech Wipeout Is a Buying Opportunity. Here’s His Case
• Neutral Sentiment: News flow also points to strong AI demand at Google, including compute constraints and limited Gemini capacity, which supports long-term growth but may raise near-term execution concerns. Yahoo Finance: Google Limits Meta’s AI Access
• Neutral Sentiment: Separately, Waymo’s robotaxi pilot with Uber ended in Phoenix, but the vehicles will remain active for autonomous deliveries with DoorDash, limiting the immediate stock impact. CNBC: Waymo and Uber end robotaxi pilot in Phoenix
• Negative Sentiment: Some articles continue to highlight concerns about Alphabet’s aggressive AI spending, talent losses, and recent underperformance versus peers, which could cap upside if investors focus on margins. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GOOG shares. Needham & Company LLC set a $400.00 target price on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, March 13th. Freedom Capital downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Scotiabank reissued an “outperform” rating and issued a $450.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Pivotal Research restated a “buy” rating and set a $470.00 price target (up from $420.00) on shares of Alphabet in a research report on Wednesday, April 29th. Finally, TD Cowen upped their price objective on shares of Alphabet from $450.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Four investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $376.78.

Insider Buying and Selling

In related news, Director Frances Arnold sold 102 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $7,132,701. This represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the sale, the director directly owned 1,481 shares of the company’s stock, valued at $545,941.03. The trade was a 41.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 151,972 shares of company stock valued at $5,016,958 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Alphabet Company Profile

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.