Lmcg Investments LLC Has $24.50 Million Stake in Alphabet Inc. $GOOG

Lmcg Investments LLC lowered its holdings in Alphabet Inc. (NASDAQ:GOOG) by 10.8% in the first quarter, Holdings Channel reports. The firm owned 85,405 shares of the information services provider’s stock after selling 10,328 shares during the quarter. Alphabet comprises about 1.5% of Lmcg Investments LLC’s holdings, making the stock its 15th biggest position. Lmcg Investments LLC’s holdings in Alphabet were worth $24,499,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Richmond Investment Services LLC lifted its position in Alphabet by 1.1% during the 1st quarter. Richmond Investment Services LLC now owns 7,978 shares of the information services provider’s stock worth $2,289,000 after buying an additional 84 shares in the last quarter. Warner Group LLC grew its holdings in shares of Alphabet by 2.7% in the 1st quarter. Warner Group LLC now owns 2,585 shares of the information services provider’s stock valued at $742,000 after acquiring an additional 69 shares in the last quarter. Cvfg LLC increased its position in shares of Alphabet by 384.9% in the first quarter. Cvfg LLC now owns 19,182 shares of the information services provider’s stock valued at $5,503,000 after acquiring an additional 15,226 shares during the last quarter. Golden Road Advisors LLC increased its position in shares of Alphabet by 9.6% in the first quarter. Golden Road Advisors LLC now owns 2,724 shares of the information services provider’s stock valued at $781,000 after acquiring an additional 239 shares during the last quarter. Finally, Childress Capital Advisors LLC raised its holdings in Alphabet by 2.0% during the first quarter. Childress Capital Advisors LLC now owns 19,431 shares of the information services provider’s stock worth $5,574,000 after acquiring an additional 388 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Several pieces highlighted Alphabet’s durable AI and cloud execution, including commentary that its distribution across Search, Android, YouTube, and Google Cloud gives it an edge in monetizing AI better than many rivals.
• Positive Sentiment: Analysts and market commentary remained constructive, with Zacks upgrading Alphabet to “strong-buy,” and multiple reports saying the stock still looks undervalued after its strong rally and may have further upside from current levels.
• Positive Sentiment: Alphabet’s cloud and AI ecosystem continues to draw positive coverage, including a new agentic AI collaboration with Accenture and reports that digital demand and data-center growth could support the business in the second half of 2026.
• Positive Sentiment: Long-term confidence also got a boost from comments that Alphabet could be a winner in the AI race due to its massive distribution footprint and ability to turn AI spending into real returns.
• Neutral Sentiment: Alphabet’s search product set a record for queries per second during the World Cup, reinforcing the strength of its core franchise, though this is more of a usage signal than a direct earnings catalyst.
• Neutral Sentiment: Waymo’s plan to expand driverless rides to more cities supports Alphabet’s optionality in autonomous vehicles, but the impact on near-term stock performance is likely limited.
• Negative Sentiment: News that Google and OpenAI provided AI model access to Singapore-based affiliates of Chinese firms has renewed policy and export-control concerns, which could raise regulatory risk around AI distribution.
• Negative Sentiment: Alphabet is also facing more scrutiny abroad, including the UK bringing Google cloud services under direct oversight and an ongoing legal fight in India over its ads platform.
• Negative Sentiment: Some traders remain cautious about competition, with reports suggesting Meta could challenge Google’s AI leadership and that Alphabet’s recent price action has lagged broader tech at times.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GOOG shares. Citigroup reissued a “market outperform” rating on shares of Alphabet in a research report on Monday, June 22nd. Truist Financial set a $430.00 price objective on Alphabet in a research note on Monday, June 1st. Wells Fargo & Company set a $416.00 price objective on Alphabet in a report on Thursday, July 2nd. Scotiabank reaffirmed an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Finally, Phillip Securities cut shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Wednesday, April 15th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alphabet has an average rating of “Buy” and a consensus price target of $378.53.

Insider Activity

In other news, CAO Marsida Saraci sold 449 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the transaction, the chief accounting officer owned 27,348 shares in the company, valued at approximately $9,345,358.56. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of Alphabet stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 160,465 shares of company stock valued at $8,020,511. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

GOOG stock traded down $1.21 during midday trading on Friday, reaching $355.03. 11,607,032 shares of the company were exchanged, compared to its average volume of 21,891,652. Alphabet Inc. has a one year low of $177.54 and a one year high of $404.47. The firm has a market capitalization of $4.30 trillion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. The business has a 50-day moving average price of $369.81 and a two-hundred day moving average price of $335.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.68 by $2.43. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.81 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s payout ratio is currently 6.71%.

About Alphabet

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.