Alphabet Inc. $GOOGL Shares Sold by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 44.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,565 shares of the information services provider’s stock after selling 15,874 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Alphabet were worth $5,626,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GOOGL. Lifetime Wealth Management P.C. acquired a new position in Alphabet during the fourth quarter worth about $32,000. EMC Capital Management acquired a new stake in Alphabet in the 4th quarter valued at about $33,000. PMV Capital Advisers LLC purchased a new position in Alphabet in the 4th quarter worth approximately $38,000. IFC & Insurance Marketing Inc. purchased a new position in Alphabet in the 4th quarter worth approximately $38,000. Finally, Bard Associates Inc. acquired a new position in shares of Alphabet during the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the business’s 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 sale, the director directly owned 1,481 shares of the company’s stock, valued at approximately $545,941.03. The trade was a 41.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 151,523 shares of company stock valued at $4,863,526 in the last ninety days. Insiders own 11.61% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet was announced as the replacement for Verizon in the Dow Jones Industrial Average, a high-profile index inclusion that can boost demand from index funds and improve investor sentiment. Alphabet replacing Verizon in Dow Jones Industrial Average index
• Positive Sentiment: Google Finance launched a new app and expanded portfolio-tracking tools, adding another product update that could support engagement across Google’s financial services ecosystem. Google Finance Debuts App and Investment Tracking Capabilities
• Neutral Sentiment: Several reports noted Alphabet remains a favored large-cap tech name among some investors and that the stock had previously benefited from the Dow inclusion announcement.
• Negative Sentiment: News that multiple AI researchers are leaving Google for rivals such as Anthropic and OpenAI is pressuring sentiment, as investors worry about talent retention and competitive pressure in AI. Alphabet Shares Fall After Report on Further AI Talent Departures
• Negative Sentiment: Additional coverage of Google’s “brain drain” and reports that Gemini 3.5 Pro was delayed to July add to concerns that Alphabet may be losing ground in the AI race. Google delays Gemini 3.5 Pro launch to July as it tweaks its new frontier AI model
• Negative Sentiment: The broader selloff also reflects anxiety around AI execution and competition, with investors reacting to talent departures and delays rather than the company’s longer-term fundamentals.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Mizuho increased their price target on Alphabet from $420.00 to $460.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. UBS Group reissued a “neutral” rating on shares of Alphabet in a research note on Wednesday, May 20th. Piper Sandler restated an “overweight” rating and issued a $445.00 target price (up from $425.00) on shares of Alphabet in a report on Monday, June 1st. Roth Mkm reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, April 30th. Finally, Morgan Stanley lifted their price target on Alphabet from $330.00 to $375.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

Alphabet Price Performance

NASDAQ:GOOGL opened at $343.71 on Friday. Alphabet Inc. has a 52 week low of $169.94 and a 52 week high of $408.61. The stock’s fifty day moving average is $368.94 and its two-hundred day moving average is $332.85. The company has a market capitalization of $4.16 trillion, a P/E ratio of 26.22, a P/E/G ratio of 1.48 and a beta of 1.23. 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 (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Equities analysts expect that Alphabet Inc. will post 14.3 EPS for the current 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 paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend 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 payout ratio is 6.71%.

About Alphabet

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.