New Hampshire Trust Trims Stake in Alphabet Inc. $GOOGL

New Hampshire Trust cut its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,674 shares of the information services provider’s stock after selling 4,744 shares during the quarter. Alphabet makes up about 2.4% of New Hampshire Trust’s investment portfolio, making the stock its 8th largest position. New Hampshire Trust’s holdings in Alphabet were worth $12,105,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. PMV Capital Advisers LLC purchased a new position in shares of Alphabet in the fourth quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Alphabet in the third quarter worth about $53,000. Kentucky Trust Co increased its holdings in shares of Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after buying an additional 100 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of Alphabet in the third quarter worth about $53,000. Finally, Sellwood Investment Partners LLC purchased a new position in shares of Alphabet in the third quarter worth about $63,000. 40.03% of the stock is currently owned by institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Loop Capital raised its price target on Alphabet to $490 and kept a buy rating, while Oppenheimer lifted its target to $445 with an outperform rating, reinforcing confidence in the company’s growth outlook. Loop Capital price target update Oppenheimer price target update
• Positive Sentiment: Several reports pointed to Alphabet’s AI momentum ahead of Google I/O, including growing customer adoption of Gemini Flash and expectations that the event will showcase more AI innovation. Business Insider on Gemini Flash adoption BofA note on Google I/O
• Positive Sentiment: Analysts also raised forward earnings estimates for Alphabet, suggesting continued confidence in monetization and profit growth. Alphabet earnings estimate update
• Positive Sentiment: Alphabet completed a record-breaking yen bond sale, giving it fresh funding capacity to expand AI infrastructure while diversifying its financing sources. Yen bond issuance article
• Neutral Sentiment: Commentary around Alphabet’s YouTube revenue, the company’s role in AI infrastructure, and Bill Ackman’s continued interest in mega-cap tech adds to the positive narrative, but these items are more supportive context than direct catalysts. YouTube revenue article Bill Ackman Mag 7 article
• Neutral Sentiment: Some coverage highlighted Alphabet’s valuation and the broader crowding in AI/mega-cap tech, which could make the stock more vulnerable if sentiment cools. Valuation rerating article UBS crowding warning
• Negative Sentiment: A report that Google may cap new Gmail accounts at 5GB of free storage could be seen as a consumer-unfriendly move and a possible engagement risk if implemented broadly. Gmail storage cap article
• Negative Sentiment: There was also some concern around competition and execution in AI and adjacent hardware, including comparison pieces on Alphabet versus Nvidia and broader AI rivalry. AI competition article

Alphabet Stock Down 1.1%

NASDAQ GOOGL opened at $396.78 on Friday. 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 stock has a market capitalization of $4.81 trillion, a PE ratio of 30.27, a PEG ratio of 1.72 and a beta of 1.26. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $403.70. The business’s 50-day moving average is $329.30 and its 200 day moving average is $317.27.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analysts’ expectations 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 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. 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 0.2%. Alphabet’s payout ratio is 6.41%.

Wall Street Analyst Weigh In

Several research firms have recently commented on GOOGL. Dbs Bank lifted their price objective on Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Robert W. Baird lifted their price objective on Alphabet from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Loop Capital lifted their price objective on Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a report on Friday. Needham & Company LLC lifted their price objective on Alphabet from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Pivotal Research lifted their price objective on Alphabet from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $410.84.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $371.00, for a total transaction of $37,842.00. Following the sale, the director directly owned 18,621 shares of the company’s stock, valued at approximately $6,908,391. The trade was a 0.54% decrease in their position. The transaction 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 Alphabet stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total value of $348,232.50. Following the sale, the director directly owned 3,581 shares in the company, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 157,953 shares of company stock valued at $47,767,818 over the last ninety days. Corporate insiders own 11.61% of the company’s stock.

Alphabet 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.