Alphabet Inc. $GOOG Stake Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.2% during the first quarter, HoldingsChannel reports. The fund owned 12,089,745 shares of the information services provider’s stock after selling 524,894 shares during the period. Alphabet comprises approximately 2.2% of Sumitomo Mitsui Trust Group Inc.’s investment portfolio, making the stock its 6th biggest holding. Sumitomo Mitsui Trust Group Inc.’s holdings in Alphabet were worth $3,468,064,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GOOG. Resona Asset Management Co. Ltd. lifted its holdings in Alphabet by 1.4% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,564,677 shares of the information services provider’s stock valued at $444,832,000 after acquiring an additional 22,183 shares during the period. Demars Financial Group LLC grew its stake in shares of Alphabet by 3.7% during the 1st quarter. Demars Financial Group LLC now owns 7,184 shares of the information services provider’s stock worth $2,061,000 after purchasing an additional 254 shares during the period. Isthmus Partners LLC increased its holdings in shares of Alphabet by 37.6% in the 1st quarter. Isthmus Partners LLC now owns 2,544 shares of the information services provider’s stock valued at $730,000 after purchasing an additional 695 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich increased its holdings in shares of Alphabet by 4.3% in the 1st quarter. Munich Reinsurance Co Stock Corp in Munich now owns 355,334 shares of the information services provider’s stock valued at $101,931,000 after purchasing an additional 14,530 shares in the last quarter. Finally, Capstone Capital Management Ltd lifted its stake in shares of Alphabet by 830.5% in the first quarter. Capstone Capital Management Ltd now owns 7,323 shares of the information services provider’s stock valued at $2,101,000 after purchasing an additional 6,536 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on GOOG. The Goldman Sachs Group reissued a “buy” rating and set a $450.00 price objective on shares of Alphabet in a report on Thursday, May 21st. Wells Fargo & Company set a $416.00 price target on shares of Alphabet in a research report on Thursday, July 2nd. Scotiabank reissued an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a research note on Thursday, April 30th. Citigroup restated a “market outperform” rating on shares of Alphabet in a report on Monday, June 22nd. Finally, Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 15th. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $378.53.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction of $412,923.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 8,998 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider directly owned 75,290 shares in the company, valued at approximately $26,298,044.10. The trade was a 10.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 160,465 shares of company stock valued at $8,020,511 in the last ninety days. 12.99% of the stock is owned by insiders.

Alphabet Stock Performance

Shares of GOOG opened at $355.03 on Monday. 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 cap of $4.30 trillion, a P/E ratio of 27.08, a PEG ratio of 1.52 and a beta of 1.23. The company has a 50-day moving average of $369.81 and a two-hundred day moving average of $335.38. Alphabet Inc. has a 12-month low of $177.54 and a 12-month high of $404.47.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. The business had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.81 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 14.32 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a dividend of $0.22 per share. This is a boost from Alphabet’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s payout ratio is currently 6.71%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several pieces highlighted Alphabet’s durable AI and cloud execution, including commentary that its distribution across Search, Android, YouTube, and Google Cloud gives it an edge in monetizing AI better than many rivals.
• Positive Sentiment: Analysts and market commentary remained constructive, with Zacks upgrading Alphabet to “strong-buy,” and multiple reports saying the stock still looks undervalued after its strong rally and may have further upside from current levels.
• Positive Sentiment: Alphabet’s cloud and AI ecosystem continues to draw positive coverage, including a new agentic AI collaboration with Accenture and reports that digital demand and data-center growth could support the business in the second half of 2026.
• Positive Sentiment: Long-term confidence also got a boost from comments that Alphabet could be a winner in the AI race due to its massive distribution footprint and ability to turn AI spending into real returns.
• Neutral Sentiment: Alphabet’s search product set a record for queries per second during the World Cup, reinforcing the strength of its core franchise, though this is more of a usage signal than a direct earnings catalyst.
• Neutral Sentiment: Waymo’s plan to expand driverless rides to more cities supports Alphabet’s optionality in autonomous vehicles, but the impact on near-term stock performance is likely limited.
• Negative Sentiment: News that Google and OpenAI provided AI model access to Singapore-based affiliates of Chinese firms has renewed policy and export-control concerns, which could raise regulatory risk around AI distribution.
• Negative Sentiment: Alphabet is also facing more scrutiny abroad, including the UK bringing Google cloud services under direct oversight and an ongoing legal fight in India over its ads platform.
• Negative Sentiment: Some traders remain cautious about competition, with reports suggesting Meta could challenge Google’s AI leadership and that Alphabet’s recent price action has lagged broader tech at times.

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.