First Horizon Corp lessened its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 79,258 shares of the information services provider’s stock after selling 3,235 shares during the quarter. Alphabet comprises 1.1% of First Horizon Corp’s holdings, making the stock its 21st biggest position. First Horizon Corp’s holdings in Alphabet were worth $24,808,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the stock. PMV Capital Advisers LLC acquired a new stake in Alphabet in the fourth quarter worth approximately $38,000. Kentucky Trust Co increased its position in shares of Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 100 shares during the period. iSAM Funds UK Ltd acquired a new position in shares of Alphabet during the 3rd quarter valued at $53,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Alphabet in the 3rd quarter worth $53,000. Finally, PayPay Securities Corp raised its stake in shares of Alphabet by 23.7% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $77,000 after buying an additional 47 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Google Cloud is outgrowing AWS and Azure — Cloud revenue and backlog surged (Cloud growth ~63% in Q1; backlog nearly doubled), supporting higher long‑term revenue and margins for Alphabet. Alphabet’s Google Cloud growth outpaces AWS and Azure
- Positive Sentiment: Q1 beat and backlog surge: Alphabet reported stronger‑than‑expected EPS/revenue and a hefty cloud backlog, giving analysts room to lift targets and implying continued earnings momentum. Alphabet Inc. 2026 Q1 – Results – Earnings Call Presentation
- Positive Sentiment: Multiple analyst upgrades and higher price targets (JPMorgan reaffirmed buy; several firms raised targets, including a large bump from Citizens/JMP), which supports upside expectations and likely underpins buying interest. Google closes in on Nvidia. Why Alphabet stock remains JP Morgan’s top overall pick
- Positive Sentiment: Big long‑term optionality via Waymo and autonomous investments — sizable VC/strategic funding into Waymo reinforces Alphabet’s exposure to a potentially high‑value mobility business. Big money is betting the self-driving future belongs to a small club
- Positive Sentiment: Market narrative: Alphabet is highlighted among top AI investment ideas — positive attention that can attract flows into GOOGL as AI leadership becomes the investment theme. Here is Why Alphabet (GOOGL) Is Among the Most Promising AI Stocks to Invest In
- Neutral Sentiment: Chip demand tailwind but higher capex: Google’s planned ~$190B AI buildout boosts demand for semiconductors (positive for suppliers) but signals very large capex that could pressure free cash flow in the near term. 3 Semiconductor Stocks Poised to Gain as Google Eyes $190B AI Buildout
- Neutral Sentiment: Minor insider activity: a director sold about $38k of stock — small and routine, not a clear signal of management sentiment. Alphabet (NASDAQ:GOOGL) Director Sells $37,842.00 in Stock
- Negative Sentiment: Infrastructure headwind: Denmark paused new data‑center connections due to grid strain — a reminder of regulatory and power constraints that can slow data‑center expansion and raise costs for cloud scaling. Denmark faces data center reckoning as power grid overwhelmed by surging demand
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on GOOGL shares. Susquehanna reaffirmed a “positive” rating and set a $460.00 target price (up from $400.00) on shares of Alphabet in a research note on Thursday. Arete Research boosted their price target on shares of Alphabet from $380.00 to $405.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Tigress Financial set a $415.00 price target on shares of Alphabet and gave the company a “strong-buy” rating in a report on Thursday, February 19th. Truist Financial raised their price objective on shares of Alphabet from $385.00 to $415.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada set a $425.00 price objective on shares of Alphabet and gave the stock an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $402.96.
View Our Latest Stock Analysis on GOOGL
Alphabet Stock Down 0.6%
Shares of NASDAQ:GOOGL opened at $383.25 on Tuesday. The firm has a 50 day simple moving average of $313.72 and a 200 day simple moving average of $308.70. Alphabet Inc. has a 52 week low of $147.84 and a 52 week high of $387.38. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market cap of $4.64 trillion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26.
Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. As a group, research analysts expect that Alphabet Inc. will post 12.94 earnings per share for the current year.
Alphabet Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, June 8th. Alphabet’s dividend payout ratio is presently 6.41%.
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.
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