Academy Capital Management Has $52.60 Million Holdings in Alphabet Inc. $GOOGL

Key Points

• Academy Capital Management trimmed its Alphabet stake by 0.9% in the fourth quarter, but still held 168,051 shares valued at about $52.6 million. Alphabet remained its eighth-largest position and about 7% of its portfolio.
• Insider selling continued, including CEO Sundar Pichai and insider John Kent Walker, with 226,481 shares sold over the last 90 days worth $27.4 million in total. Company insiders currently own 11.61% of Alphabet.
• Alphabet reported better-than-expected quarterly results, with EPS of $5.11 versus $2.64 expected and revenue of $109.9 billion versus $106.98 billion expected. The company also raised its quarterly dividend to $0.22 per share from $0.21.

Academy Capital Management reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 168,051 shares of the information services provider's stock after selling 1,589 shares during the period. Alphabet comprises about 7.0% of Academy Capital Management's investment portfolio, making the stock its 8th biggest position. Academy Capital Management's holdings in Alphabet were worth $52,600,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GOOGL. CIBC Bancorp USA Inc. bought a new stake in shares of Alphabet in the 3rd quarter worth about $416,217,000. Sovran Advisors LLC lifted its holdings in Alphabet by 23.6% during the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock valued at $5,401,000 after purchasing an additional 4,241 shares during the last quarter. Wright Investors Service Inc. lifted its holdings in Alphabet by 21.2% during the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider's stock valued at $12,171,000 after purchasing an additional 8,746 shares during the last quarter. Belpointe Asset Management LLC boosted its position in Alphabet by 5.4% in the third quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider's stock valued at $17,652,000 after buying an additional 3,740 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Alphabet by 3.8% in the third quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider's stock valued at $405,131,000 after buying an additional 60,831 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the transaction, the chief executive officer directly owned 1,674,560 shares of the company's stock, valued at $508,028,012.80. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the business's stock in a transaction on Friday, March 27th. The shares were sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider directly owned 51,808 shares of the company's stock, valued at $14,293,309.12. This trade represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 226,481 shares of company stock valued at $27,422,061. 11.61% of the stock is currently owned by company insiders.

Alphabet Stock Up 0.3%

Shares of Alphabet stock opened at $388.91 on Thursday. The business has a fifty day simple moving average of $334.65 and a 200 day simple moving average of $320.07. The stock has a market cap of $4.71 trillion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26. 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 $162.00 and a 12 month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. Research analysts predict that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is 6.41%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GOOGL. Pivotal Research upped their price objective on shares of Alphabet from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Thursday, February 5th. Piper Sandler reissued an "overweight" rating and issued a $425.00 target price (up from $395.00) on shares of Alphabet in a report on Thursday, April 30th. JPMorgan Chase & Co. restated a "buy" rating on shares of Alphabet in a research report on Monday, May 4th. Rosenblatt Securities raised their price target on Alphabet from $357.00 to $393.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Finally, Truist Financial lifted their price objective on Alphabet from $385.00 to $415.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Two research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $412.65.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google I/O showcase highlighted a broad AI push across Search, Gemini, Workspace, shopping, coding, and video tools, reinforcing expectations that Google can monetize AI rather than just defend against competitors. Google debuts new AI models, personal AI agents in effort to keep pace with OpenAI and Anthropic
• Positive Sentiment: Google and Blackstone announced a $5 billion joint venture to build AI cloud infrastructure powered by Google’s TPU chips, which could expand demand for Alphabet’s custom silicon and strengthen its enterprise AI ecosystem. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Wall Street analysts turned more constructive after I/O, with firms including BofA, KeyCorp, Citizens JMP, Needham, and others reiterating or raising targets, signaling confidence that Alphabet’s AI strategy is gaining traction. Alphabet analyst forecasts
• Positive Sentiment: Alphabet said Gemini now has 900 million monthly users and AI Overviews has 2.5 billion monthly users, showing that its AI products are already operating at significant scale. Google kicks off I/O conference with AI upgrades for coders, consumers
• Positive Sentiment: Alphabet also introduced new AI-powered search and shopping features, including agentic tools and a universal cart, which could open additional monetization opportunities. Google's new Universal Cart wants to follow you across the entire internet
• Neutral Sentiment: Insider and shareholder sales were disclosed, including a director sale and a larger shareholder sale, but these appear to be routine filings rather than a clear signal of changing fundamentals. SEC filing
• Negative Sentiment: Ofcom said YouTube and TikTok have not done enough to protect British children from harmful content, adding another layer of regulatory scrutiny for Alphabet’s YouTube business. TikTok, YouTube lag on UK child safety as rivals act, regulator says
• Negative Sentiment: Some investors worry that Google’s AI-heavy search redesign could pressure its core ad model by reducing reliance on the traditional “ten blue links” format. Google Search as you know it is over

Alphabet Profile

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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