Riverstone Advisors LLC Cuts Position in Alphabet Inc. $GOOGL

Posted by Brian Himes on Jul 4th, 2026

Riverstone Advisors LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 6.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,560 shares of the information services provider’s stock after selling 4,907 shares during the quarter. Alphabet comprises 10.9% of Riverstone Advisors LLC’s portfolio, making the stock its 2nd largest position. Riverstone Advisors LLC’s holdings in Alphabet were worth $22,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of GOOGL. MBE Wealth Management LLC raised its stake in Alphabet by 10.1% in the first quarter. MBE Wealth Management LLC now owns 1,992 shares of the information services provider’s stock worth $573,000 after buying an additional 183 shares in the last quarter. Maridea Wealth Management LLC boosted its position in Alphabet by 4.3% during the 1st quarter. Maridea Wealth Management LLC now owns 7,430 shares of the information services provider’s stock valued at $2,137,000 after acquiring an additional 306 shares in the last quarter. Laurel Oak Wealth Management LLC boosted its position in Alphabet by 1.1% during the 1st quarter. Laurel Oak Wealth Management LLC now owns 57,138 shares of the information services provider’s stock valued at $16,431,000 after acquiring an additional 639 shares in the last quarter. Crown Wealth Group LLC grew its holdings in shares of Alphabet by 1.3% during the 1st quarter. Crown Wealth Group LLC now owns 20,087 shares of the information services provider’s stock worth $5,776,000 after acquiring an additional 264 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Alphabet by 0.8% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 83,962 shares of the information services provider’s stock worth $24,144,000 after acquiring an additional 651 shares during the period. 40.03% of the stock is owned by institutional investors.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Several recent stories highlight Alphabet’s AI and cloud momentum, including Google Cloud traction with enterprise customers like Jack Henry and growing use of Google’s cloud tech by Italy’s Intesa Sanpaolo, which supports the bull case for future growth. Article Title
Positive Sentiment: Jim Cramer argued that Alphabet still looks cheap, reinforcing a valuation-supportive narrative for GOOGL after its pullback. Article Title
Positive Sentiment: Wall Street sentiment remains constructive, with Wells Fargo keeping an overweight rating and multiple analysts maintaining buy recommendations, which may help support the stock. Article Title
Neutral Sentiment: Alphabet’s insider selling by John Kent Walker appears routine and is not, by itself, a major fundamental concern for investors. Article Title
Neutral Sentiment: Coverage around Alphabet’s growing role in AI-powered shopping, robotaxis, and other ecosystem developments adds to the long-term story, but these are more thesis-supportive than immediate catalysts. Article Title
Negative Sentiment: The biggest drag is the EU Supreme Court decision upholding Alphabet’s €4.1 billion Android antitrust fine, which reinforces legal and regulatory overhangs for the stock. Article Title
Negative Sentiment: A separate Swedish court ruling ordered Alphabet to pay nearly $2 billion in a price-comparison dispute, adding to the sense that antitrust and competition risks remain active. Article Title

Insider Buying and Selling at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total value of $3,142,911.42. Following the sale, the insider owned 75,290 shares of the company’s stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 160,465 shares of company stock worth $8,020,511. 11.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GOOGL has been the subject of several research reports. Wall Street Zen raised Alphabet from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Guggenheim restated a “buy” rating and set a $450.00 price target (up from $375.00) on shares of Alphabet in a research report on Thursday, April 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $390.00 price target (up from $345.00) on shares of Alphabet in a research note on Thursday, April 30th. Susquehanna reiterated a “positive” rating and issued a $460.00 price objective (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Needham & Company LLC reissued a “buy” rating and set a $450.00 price objective on shares of Alphabet in a research report on Wednesday, June 3rd. Two investment 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $413.54.

Read Our Latest Stock Analysis on GOOGL

Alphabet Stock Performance

Shares of GOOGL opened at $359.91 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $371.05 and its 200-day moving average price is $334.41. Alphabet Inc. has a 52 week low of $172.77 and a 52 week high of $408.61. The stock has a market cap of $4.36 trillion, a P/E ratio of 27.45, a P/E/G ratio of 1.54 and a beta of 1.24.

Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Equities research analysts anticipate that Alphabet Inc. will post 14.32 earnings per share for the current fiscal 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. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is presently 6.71%.

Alphabet Profile

(Free Report)

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.