Bessemer Group Inc. Reduces Stock Holdings in Alphabet Inc. $GOOGL

03 Jun 2026, 03:09 by Doug Wharley · The Cerbat Gem

Bessemer Group Inc. lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 984,342 shares of the information services provider’s stock after selling 8,024 shares during the quarter. Bessemer Group Inc.’s holdings in Alphabet were worth $308,100,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. PMV Capital Advisers LLC acquired a new position in Alphabet in the 4th quarter valued at $38,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Alphabet during the third quarter worth approximately $53,000. Kentucky Trust Co boosted its position in shares of Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider’s stock worth $53,000 after buying an additional 100 shares during the period. iSAM Funds UK Ltd purchased a new position in shares of Alphabet in the third quarter valued at $53,000. Finally, Sellwood Investment Partners LLC purchased a new stake in Alphabet during the 3rd quarter worth $63,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the completion of the transaction, the chief accounting officer owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 193,016 shares of company stock valued at $17,282,549. Corporate insiders own 11.61% of the company’s stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

Positive Sentiment: Berkshire Hathaway’s $10 billion investment signals strong outside confidence in Alphabet’s AI and cloud strategy. Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
Positive Sentiment: Analysts and commentators continue to argue that Alphabet remains a high-margin cash generator with attractive long-term earnings power. Google: AI Skeptics Proven Wrong as Business Booms
Neutral Sentiment: Coverage of Alphabet’s expanding AI coding, hardware, and device strategy highlights broader growth opportunities, but it is not the main driver of today’s move. Microsoft and Google are late to AI coding, but ‘absolutely critical’ they compete for growth
Negative Sentiment: The proposed $80 billion stock sale raises dilution concerns and underscores how expensive Alphabet’s AI race has become. Exclusive: EU cloud rules to curb Amazon, Google access to strategic tenders, draft document shows
Negative Sentiment: Reports that EU cloud rules could restrict Google’s access to strategic government tenders add a regulatory overhang for the cloud business. Alphabet to raise $80 billion in equity capital for AI spending

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GOOGL. KeyCorp reissued an “overweight” rating and issued a $425.00 target price on shares of Alphabet in a research report on Wednesday, May 20th. UBS Group restated a “neutral” rating on shares of Alphabet in a research report on Wednesday, May 20th. Citigroup reiterated an “outperform” rating on shares of Alphabet in a research report on Monday, May 4th. Loop Capital raised their target price on Alphabet from $355.00 to $490.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, BNP Paribas Exane increased their price target on Alphabet from $390.00 to $420.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $413.04.

Check Out Our Latest Analysis on GOOGL

Alphabet Price Performance

NASDAQ GOOGL opened at $361.85 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market capitalization of $4.38 trillion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23. The company has a 50 day simple moving average of $347.16 and a 200-day simple moving average of $325.75. Alphabet Inc. has a 52-week low of $162.00 and a 52-week high of $408.61.

Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to the consensus estimate of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Equities research analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.22 dividend. The ex-dividend date is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is currently 6.41%.

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.

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