Alphabet Inc. $GOOGL Shares Sold by Torren Management LLC

Torren Management LLC cut its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 88.7% in the first quarter, Holdings Channel reports. The institutional investor owned 565 shares of the information services provider’s stock after selling 4,429 shares during the quarter. Torren Management LLC’s holdings in Alphabet were worth $162,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC lifted its position in shares of Alphabet by 26.3% during the 1st quarter. Whipplewood Advisors LLC now owns 5,020 shares of the information services provider’s stock valued at $1,444,000 after buying an additional 1,044 shares in the last quarter. Range Financial Group LLC increased its holdings in Alphabet by 48.2% in the 1st quarter. Range Financial Group LLC now owns 4,651 shares of the information services provider’s stock worth $1,337,000 after acquiring an additional 1,513 shares in the last quarter. Texas Bank & Trust Co increased its holdings in Alphabet by 1.1% in the 1st quarter. Texas Bank & Trust Co now owns 35,633 shares of the information services provider’s stock worth $10,247,000 after acquiring an additional 390 shares in the last quarter. Waterfront Wealth Inc. raised its position in Alphabet by 3.3% during the first quarter. Waterfront Wealth Inc. now owns 30,982 shares of the information services provider’s stock worth $8,909,000 after acquiring an additional 991 shares during the period. Finally, Meadow Creek Wealth Advisors LLC raised its position in Alphabet by 2.8% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 8,999 shares of the information services provider’s stock worth $2,588,000 after acquiring an additional 244 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOGL opened at $346.77 on Monday. Alphabet Inc. has a twelve month low of $183.71 and a twelve month high of $408.61. The firm has a market capitalization of $4.20 trillion, a PE ratio of 26.45, a PEG ratio of 1.44 and a beta of 1.24. 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 firm’s 50-day moving average price is $368.89 and its 200 day moving average price is $338.14.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. As a group, sell-side analysts expect that Alphabet Inc. will post 14.33 EPS for the current fiscal 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 issued a $0.22 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, June 8th. Alphabet’s payout ratio is 6.71%.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $351.28, for a total transaction of $39,343.36. Following the transaction, the director owned 18,833 shares in the company, valued at approximately $6,615,656.24. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $368.63, for a total value of $387,061.50. Following the transaction, the director directly owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 159,415 shares of company stock valued at $7,672,279. 11.61% of the stock is currently owned by company insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wall Street remains broadly bullish on Alphabet, with multiple reports citing strong cloud growth, AI-driven momentum in Search and YouTube, and price targets still above current trading levels. Article Title
• Positive Sentiment: Analysts say Alphabet could post a strong Q2, helped by Google Cloud strength and the value of its Anthropic stake, which may support upside if earnings beat expectations. Article Title
• Neutral Sentiment: Investors are also positioning for Alphabet’s upcoming earnings report, with options traders expecting a sizable move, indicating that the stock may stay volatile into the release. Article Title
• Negative Sentiment: Bloomberg-reported delays to Gemini 3.5 Pro have sparked fears that Google is lagging in AI, with concerns that the model’s coding performance fell short of internal goals. Article Title
• Negative Sentiment: Alphabet is facing added regulatory pressure after the EU ordered it to open Android and search data to rival AI companies, and a San Francisco order to remove “nudify” apps from app stores adds to the broader legal overhang. Article Title
• Negative Sentiment: Securities-fraud investigation headlines are creating an additional near-term overhang, even though these are still allegations and not a proven finding of wrongdoing. Article Title

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GOOGL shares. Citizens Jmp reiterated a “market outperform” rating and issued a $515.00 target price on shares of Alphabet in a research report on Wednesday, May 20th. Freedom Capital lowered shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. CICC Research lifted their price objective on Alphabet from $388.00 to $407.91 and gave the stock an “outperform” rating in a report on Friday, May 1st. Needham & Company LLC reiterated a “buy” rating and set a $450.00 price objective on shares of Alphabet in a research note on Wednesday, June 3rd. Finally, Guggenheim reissued a “buy” rating and set a $450.00 target price (up from $375.00) on shares of Alphabet in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $414.11.

Alphabet Company Profile

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.