Verde Capital Management Sells 4,533 Shares of Alphabet Inc. $GOOG

Verde Capital Management reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 16.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,737 shares of the information services provider’s stock after selling 4,533 shares during the period. Alphabet makes up approximately 1.4% of Verde Capital Management’s investment portfolio, making the stock its 13th biggest position. Verde Capital Management’s holdings in Alphabet were worth $6,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Alphabet by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 421,013,782 shares of the information services provider’s stock worth $132,114,125,000 after buying an additional 8,128,234 shares in the last quarter. State Street Corp grew its position in Alphabet by 0.5% in the fourth quarter. State Street Corp now owns 187,102,863 shares of the information services provider’s stock valued at $58,712,878,000 after acquiring an additional 953,790 shares during the last quarter. Auto Owners Insurance Co grew its position in Alphabet by 38,409.2% in the fourth quarter. Auto Owners Insurance Co now owns 179,836,276 shares of the information services provider’s stock valued at $5,643,262,000 after acquiring an additional 179,369,280 shares during the last quarter. J. Stern & Co. LLP raised its stake in Alphabet by 28,482.8% during the fourth quarter. J. Stern & Co. LLP now owns 112,091,870 shares of the information services provider’s stock worth $35,174,429,000 after acquiring an additional 111,699,704 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Alphabet by 1.1% in the fourth quarter. JPMorgan Chase & Co. now owns 100,602,893 shares of the information services provider’s stock worth $31,569,189,000 after acquiring an additional 1,073,151 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 8,993 shares of the stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares of the company’s stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 2,531 shares of the company’s stock, valued at approximately $995,341.06. The trade was a 29.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 160,516 shares of company stock valued at $7,344,604 over the last 90 days. 12.99% of the stock is currently owned by corporate insiders.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet will replace Verizon in the Dow, a move that can trigger index-related buying and highlights the company’s importance in large-cap tech. WSJ article
• Positive Sentiment: Analysts continue to point to Alphabet’s strong AI and cloud position, including rapid Google Cloud growth and rising enterprise demand for AI infrastructure. Zacks article
• Neutral Sentiment: YouTube settled a youth mental health lawsuit ahead of a broader social media trial, removing one legal overhang but not changing the core investment story. Reuters article
• Negative Sentiment: Several reports say key Gemini researchers are leaving Google for rivals like Anthropic, reinforcing investor concerns about AI talent retention. TechCrunch article
• Negative Sentiment: Google reportedly delayed the Gemini 3.5 Pro release to July, which may raise questions about execution in the AI race. TipRanks article
• Negative Sentiment: Some commentary also points to broader pressure on Alphabet from an AI selloff and worries that Google’s core search dominance could face more competition in the AI era. CNBC article

Analysts Set New Price Targets

A number of research firms have recently weighed in on GOOG. Pivotal Research restated a “buy” rating and issued a $470.00 price target (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $425.00 price objective on shares of Alphabet in a research note on Thursday, April 30th. The Goldman Sachs Group restated a “buy” rating and issued a $450.00 target price on shares of Alphabet in a research report on Thursday, May 21st. Oppenheimer boosted their target price on shares of Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, TD Cowen upped their price target on shares of Alphabet from $450.00 to $475.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Five analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $376.78.

Alphabet Stock Down 0.3%

Shares of NASDAQ:GOOG opened at $344.91 on Thursday. The firm has a market cap of $4.18 trillion, a P/E ratio of 26.31, a P/E/G ratio of 1.48 and a beta of 1.22. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $168.56 and a 12-month high of $404.47. The business has a fifty day simple moving average of $366.09 and a 200 day simple moving average of $331.78.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping 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 firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.96 billion. During the same period in the previous year, the business earned $2.81 EPS. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

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

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.