Equitable Trust Co. Cuts Stake in Alphabet Inc. $GOOG

Posted by Michael Walen on May 16th, 2026

Equitable Trust Co. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,999 shares of the information services provider’s stock after selling 11,895 shares during the period. Alphabet accounts for about 2.2% of Equitable Trust Co.’s investment portfolio, making the stock its 10th biggest holding. Equitable Trust Co.’s holdings in Alphabet were worth $49,266,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Alphabet by 4.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,361,412 shares of the information services provider’s stock worth $3,267,160,000 after purchasing an additional 442,581 shares in the last quarter. AssuredPartners Investment Advisors LLC raised its holdings in Alphabet by 126.7% during the fourth quarter. AssuredPartners Investment Advisors LLC now owns 11,062 shares of the information services provider’s stock worth $3,471,000 after purchasing an additional 6,183 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Alphabet by 5.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 818,555 shares of the information services provider’s stock worth $256,863,000 after purchasing an additional 45,767 shares in the last quarter. Red Crane Wealth Management LLC raised its holdings in Alphabet by 8.6% during the fourth quarter. Red Crane Wealth Management LLC now owns 1,264 shares of the information services provider’s stock worth $397,000 after purchasing an additional 100 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC raised its holdings in Alphabet by 0.3% during the fourth quarter. Kingstone Capital Partners Texas LLC now owns 35,468 shares of the information services provider’s stock worth $11,130,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Down 1.0%

Alphabet stock opened at $393.32 on Friday. The company’s fifty day simple moving average is $327.44 and its 200-day simple moving average is $316.98. 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 Inc. has a 12 month low of $163.33 and a 12 month high of $399.93. The stock has a market cap of $4.77 trillion, a P/E ratio of 30.00, a P/E/G ratio of 1.70 and a beta of 1.25.

Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The business had revenue of $109.90 billion for the quarter, compared to analysts’ expectations of $106.96 billion. During the same period in the previous year, the company posted $2.81 EPS. Alphabet’s revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts forecast that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The business 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. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is presently 6.41%.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director directly owned 3,581 shares in the company, valued at $1,187,638.65. The trade was a 22.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the transaction, the director owned 18,418 shares in the company, valued at approximately $5,580,469.82. This represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 157,953 shares of company stock worth $47,767,818 over the last 90 days. 12.99% of the stock is currently owned by insiders.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Bank of America and other analysts are expecting major Gemini AI announcements at Google I/O, which could reinforce Alphabet’s leadership in AI and support the stock. BofA Sends Blunt Message for Alphabet Investors Ahead of Google I/O
Positive Sentiment: Oppenheimer raised its price target on Alphabet, and Erste Group also lifted earnings estimates, signaling stronger profit expectations ahead of Google I/O. Alphabet had its price target raised by Oppenheimer Holdings, Inc.
Positive Sentiment: Several investors and funds, including Goldman Sachs and Egerton Capital, disclosed larger Alphabet stakes, suggesting continued institutional confidence. Fund Update: GOLDMAN SACHS GROUP INC Just Disclosed New Holdings
Positive Sentiment: Reports that Google’s Gemini Flash model is quietly gaining AI customers and that Alphabet is expanding AI infrastructure point to improving enterprise demand for its AI products. Google has been quietly gaining AI customers, even before big releases next week
Positive Sentiment: Alphabet completed a record 576.5 billion yen bond offering to fund AI capex, showing it still has strong access to capital for its infrastructure buildout. Alphabet completes record-breaking yen bond issuance
Neutral Sentiment: News that Google is in talks with SpaceX to launch data centers into space is intriguing, but it is still early-stage and speculative. Google in Talks with SpaceX to Launch Data Centers into Space
Neutral Sentiment: Isomorphic Labs raised $2.1 billion to use AI for drug discovery, which highlights Alphabet’s broader AI ecosystem, but the direct stock impact is limited for now. Isomorphic Labs Raises $2.1 Billion to End Disease With AI
Negative Sentiment: Bill Ackman’s Pershing Square sharply cut its GOOG and GOOGL positions, adding to concern that some large investors may be taking profits after the run-up. Fund Update: Bill Ackman’s Pershing Square Capital Management, L.P. Just Disclosed New Holdings
Negative Sentiment: Some commentary says Alphabet’s heavy AI and cloud spending is pressuring free cash flow, raising questions about near-term margins and valuation. 6.7% AA2 Bond Yield From Alphabet, But There Is a Catch

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GOOG shares. KeyCorp set a $370.00 target price on Alphabet in a report on Thursday, February 5th. UBS Group reissued a “neutral” rating and set a $348.00 target price (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Sanford C. Bernstein reissued a “market perform” rating and set a $345.00 target price on shares of Alphabet in a report on Thursday, February 5th. Oppenheimer boosted their target price on Alphabet from $425.00 to $445.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Truist Financial set a $385.00 target price on Alphabet in a report on Wednesday, April 22nd. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $363.40.

Check Out Our Latest Report on GOOG

About Alphabet

(Free Report)

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.