United Community Bank Acquires 1,309 Shares of Alphabet Inc. (NASDAQ:GOOG)

14 Jul 2025, 19:04 by Danessa Lincoln · The Markets Daily

United Community Bank raised its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 17.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,806 shares of the information services provider’s stock after acquiring an additional 1,309 shares during the period. United Community Bank’s holdings in Alphabet were worth $1,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Hutchinson Capital Management CA lifted its holdings in shares of Alphabet by 1.5% in the 4th quarter. Hutchinson Capital Management CA now owns 3,555 shares of the information services provider’s stock valued at $677,000 after purchasing an additional 54 shares during the last quarter. Retirement Planning Co of New England Inc. increased its holdings in shares of Alphabet by 0.4% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 15,977 shares of the information services provider’s stock valued at $3,043,000 after buying an additional 56 shares in the last quarter. Concentrum Wealth Management increased its holdings in shares of Alphabet by 0.3% in the fourth quarter. Concentrum Wealth Management now owns 17,328 shares of the information services provider’s stock valued at $3,300,000 after buying an additional 57 shares in the last quarter. JDM Financial Group LLC grew its position in Alphabet by 10.6% during the 4th quarter. JDM Financial Group LLC now owns 593 shares of the information services provider’s stock worth $113,000 after purchasing an additional 57 shares in the last quarter. Finally, Kidder Stephen W grew its position in Alphabet by 1.6% during the 4th quarter. Kidder Stephen W now owns 3,608 shares of the information services provider’s stock worth $687,000 after purchasing an additional 58 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday. KeyCorp lowered their target price on shares of Alphabet from $202.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 price objective on shares of Alphabet in a research note on Monday, June 2nd. Lake Street Capital reissued a “buy” rating on shares of Alphabet in a research note on Wednesday. Finally, BNP Paribas cut shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 26th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and six have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.13.

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Alphabet Trading Up 1.5%

Shares of Alphabet stock opened at $181.31 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The company’s fifty day simple moving average is $171.50 and its 200-day simple moving average is $174.76. The stock has a market capitalization of $2.20 trillion, a PE ratio of 20.21, a P/E/G ratio of 1.27 and a beta of 1.01.

Alphabet (NASDAQ:GOOG – Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. The firm had revenue of $90.23 billion for the quarter, compared to analysts’ expectations of $89.30 billion. During the same period in the prior year, the company earned $1.89 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 9th. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.46%. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $105,000.00. Following the transaction, the director directly owned 6,813 shares of the company’s stock, valued at approximately $1,192,275. This trade represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $178.52, for a total transaction of $5,801,900.00. Following the transaction, the chief executive officer directly owned 2,559,892 shares in the company, valued at approximately $456,991,919.84. This trade represents a 1.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 215,443 shares of company stock valued at $36,298,548. 12.99% of the stock is currently owned by company insiders.

About Alphabet

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