MassMutual Private Wealth & Trust FSB lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 279,354 shares of the information services provider’s stock after selling 25,108 shares during the quarter. Alphabet accounts for about 2.6% of MassMutual Private Wealth & Trust FSB’s portfolio, making the stock its 7th largest position. MassMutual Private Wealth & Trust FSB’s holdings in Alphabet were worth $99,833,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Diesslin Group Inc. grew its stake in Alphabet by 17.3% during the 2nd quarter. Diesslin Group Inc. now owns 1,260 shares of the information services provider’s stock worth $450,000 after purchasing an additional 186 shares in the last quarter. Adelphi Trust Co boosted its stake in shares of Alphabet by 0.6% in the 2nd quarter. Adelphi Trust Co now owns 15,510 shares of the information services provider’s stock valued at $5,543,000 after buying an additional 90 shares during the period. Trust Co of the South boosted its stake in shares of Alphabet by 18.9% in the 2nd quarter. Trust Co of the South now owns 6,480 shares of the information services provider’s stock valued at $2,316,000 after buying an additional 1,029 shares during the period. Roxbury Financial LLC grew its position in shares of Alphabet by 1.1% during the second quarter. Roxbury Financial LLC now owns 18,086 shares of the information services provider’s stock worth $6,463,000 after buying an additional 202 shares in the last quarter. Finally, Global Wealth Strategies & Associates increased its stake in shares of Alphabet by 4.5% during the second quarter. Global Wealth Strategies & Associates now owns 2,375 shares of the information services provider’s stock worth $849,000 after buying an additional 102 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, insider John Kent Walker sold 8,998 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the completion of the sale, the insider owned 75,290 shares in the company, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 196,931 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $19.46, for a total value of $3,832,277.26. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 600,547 shares of company stock valued at $16,255,540. Insiders own 11.61% of the company’s stock.
Alphabet Price Performance
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The information services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $6.22. The business had revenue of $119.80 billion for the quarter, compared to analyst estimates of $117.07 billion. Alphabet had a net margin of 54.77% and a return on equity of 51.32%. On average, research analysts forecast that Alphabet Inc. will post 20.51 earnings per share for the current year.
Alphabet Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, September 7th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 4th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet’s dividend payout ratio is currently 4.42%.
Alphabet News Roundup
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Alphabet reportedly raised its 2026 capital-expenditure outlook to approximately $205 billion, signaling strong expected demand for AI computing capacity. The spending could support Google Cloud, data-center growth and Alphabet’s competitive position in AI. Alphabet’s Higher AI Spending Could Boost These ETFs
- Positive Sentiment: Google Cloud revenue grew 82% year over year, while its contracted backlog reached roughly $514 billion. Investors view that momentum as evidence that AI adoption may justify Alphabet’s aggressive infrastructure investments and provide a substantial source of future revenue. Alphabet’s Cloud Computing Business Just Posted 82% Revenue Growth
- Positive Sentiment: Google Play is adding Venmo as a payment option for apps, games and digital content. The move could make purchases more convenient and modestly support Google’s digital-commerce ecosystem. Google Play adds Venmo as a payment option
- Positive Sentiment: An investment commentary identifies Alphabet as a leading AI stock, reinforcing institutional interest following its strong earnings and AI-related growth outlook. Is Alphabet Still One of the Best AI Stocks to Own?
- Neutral Sentiment: Broader market commentary points to positive technology momentum, possible Federal Reserve liquidity support and recent earnings strength. These factors may help Alphabet’s valuation, but they are marketwide rather than company-specific. Why Momentum, Fed Liquidity, and Tech Suggest More Upside
- Negative Sentiment: Google, along with other social-media platforms, continues to face thousands of lawsuits alleging user addiction. Prolonged litigation could create legal costs, regulatory pressure and reputational risks for Alphabet. Social Media Platforms Still Facing Thousands of User Addiction Lawsuits
- Negative Sentiment: Waymo’s rapid expansion is exposing its autonomous vehicles to more unusual “edge cases.” Although Waymo is an Alphabet subsidiary, continued incidents or safety concerns could increase operating costs and regulatory scrutiny. Waymo Is Growing Faster Than Ever. So Are Its Edge Cases.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. Freedom Capital raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research note on Friday, July 17th. UBS Group dropped their target price on Alphabet from $400.00 to $379.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Dbs Bank lifted their price target on Alphabet from $400.00 to $460.00 in a report on Thursday, May 7th. Finally, Loop Capital upped their price objective on Alphabet from $355.00 to $490.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Six research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average target price of $419.86.
View Our Latest Report on Alphabet
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.
Featured Articles
- Five stocks we like better than Alphabet
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
