Bridgeway Capital Management LLC cut its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,785 shares of the information services provider's stock after selling 5,655 shares during the quarter. Bridgeway Capital Management LLC's holdings in Alphabet were worth $9,100,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. GPS Wealth Strategies Group LLC lifted its holdings in Alphabet by 6.8% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider's stock valued at $3,094,000 after purchasing an additional 1,041 shares during the last quarter. Harvest Investment Services LLC boosted its holdings in shares of Alphabet by 3.3% during the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider's stock worth $824,000 after buying an additional 138 shares during the period. North Forty Two & Co. acquired a new position in Alphabet in the 4th quarter valued at about $281,000. SageView Advisory Group LLC raised its holdings in Alphabet by 140.6% in the 4th quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider's stock valued at $2,806,000 after acquiring an additional 8,610 shares during the period. Finally, Requisite Capital Management LLC acquired a new stake in Alphabet during the fourth quarter worth approximately $927,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Alphabet news, Director John L. Hennessy sold 200 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $165.53, for a total value of $33,106.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 17,690 shares of Alphabet stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total transaction of $3,281,671.90. Following the transaction, the insider now owns 43,111 shares in the company, valued at approximately $7,997,521.61. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 179,324 shares of company stock worth $30,153,353 in the last 90 days. Insiders own 12.99% of the company's stock.
Alphabet Price Performance
NASDAQ GOOG traded down $1.37 during trading on Friday, hitting $154.38. 22,820,181 shares of the company's stock were exchanged, compared to its average volume of 19,511,558. The company has a market cap of $1.87 trillion, a PE ratio of 19.18, a P/E/G ratio of 1.34 and a beta of 1.01. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The stock's 50 day moving average price is $161.33 and its two-hundred day moving average price is $176.93.
Alphabet (NASDAQ:GOOG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $90.23 billion during 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 firm's quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.
Alphabet Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a dividend of $0.21 per share. This is an increase from Alphabet's previous quarterly dividend of $0.20. The ex-dividend date is Monday, June 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.54%. Alphabet's dividend payout ratio (DPR) is 9.36%.
Wall Street Analyst Weigh In
GOOG has been the topic of several research reports. Westpark Capital reiterated a "buy" rating and set a $210.00 target price on shares of Alphabet in a research note on Friday, April 25th. Wedbush reiterated an "outperform" rating and set a $220.00 price objective on shares of Alphabet in a research report on Thursday, January 30th. Cantor Fitzgerald reissued a "neutral" rating and issued a $171.00 target price on shares of Alphabet in a research report on Friday, April 25th. Needham & Company LLC downgraded shares of Alphabet from a "buy" rating to a "cautious" rating in a research note on Friday, May 2nd. Finally, Citigroup reiterated a "sell" rating on shares of Alphabet in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $203.94.
Get Our Latest Stock Report on Alphabet
Alphabet Profile
(
Free Report)
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
See Also
Before you consider Alphabet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.
While Alphabet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
