Alphabet Inc. $GOOG Shares Sold by Alta Capital Management LLC

Key Points

• Alta Capital Management LLC cut its Alphabet position by 35% in the fourth quarter, selling 7,000 shares and ending with 13,000 shares valued at about $4.08 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 beating estimates by a wide margin and revenue of $109.9 billion topping forecasts, while revenue rose 21.8% year over year.
• The company also raised its quarterly dividend to $0.22 per share from $0.21, though the yield remains low at about 0.2%.

Alta Capital Management LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 35.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,000 shares of the information services provider's stock after selling 7,000 shares during the period. Alta Capital Management LLC's holdings in Alphabet were worth $4,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new stake in Alphabet in the third quarter valued at $31,000. Nvest Wealth Strategies Inc. purchased a new stake in Alphabet in the fourth quarter valued at $38,000. Towne Trust Company N.A boosted its holdings in Alphabet by 34.0% in the fourth quarter. Towne Trust Company N.A now owns 134 shares of the information services provider's stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. Winnow Wealth LLC purchased a new stake in Alphabet in the third quarter valued at $63,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in Alphabet by 29.0% in the third quarter. CBIZ Investment Advisory Services LLC now owns 258 shares of the information services provider's stock valued at $63,000 after purchasing an additional 58 shares during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the company's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the transaction, the director owned 4,631 shares of the company's stock, valued at approximately $1,405,091.71. This trade represents a 18.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 226,481 shares of company stock worth $27,422,061. Company insiders own 12.99% of the company's stock.

Alphabet Trading Down 0.0%

GOOG stock opened at $384.83 on Thursday. The company's 50-day simple moving average is $340.34 and its 200-day simple moving average is $323.19. 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 52-week low of $163.33 and a 52-week high of $404.47. The firm has a market cap of $4.66 trillion, a P/E ratio of 29.35, a PEG ratio of 1.65 and a beta of 1.25.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $106.96 billion. During the same period in the prior year, the company posted $2.81 EPS. The company's revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities 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. Investors of record on Monday, June 8th will be given a dividend of $0.22 per share. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's payout ratio is currently 6.41%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Investors are encouraged by Alphabet’s push to monetize AI in Search, including Gemini-powered ad formats and conversational ads that could expand search advertising revenue. Google Wants Ads to Talk Back in AI Search
• Positive Sentiment: Alphabet is also seeing bullish attention around its AI stack and cloud business, with coverage highlighting TPUs, AI compute services, and product momentum that could support long-term growth. Alphabet Ties AI Hardware Cloud And Ads As EU Scrutiny Rises
• Positive Sentiment: Recent analyst and market commentary remains constructive, with multiple reports pointing to strong prior earnings, elevated price targets, and continued investor interest in GOOG. GOOGL's Innovative Ad Format to Boost Search Growth: What's Ahead?
• Neutral Sentiment: News that a Google engineer was charged with insider trading on Polymarket is negative for headlines, but it appears to be an individual legal issue rather than a companywide operational problem. Google Employee Charged With Insider Trading on Polymarket
• Neutral Sentiment: Competitor and user-behavior articles suggest some users are testing alternatives like DuckDuckGo after Google’s AI Search overhaul, highlighting possible search-share pressure, though the long-term impact is still unclear. Some users may be giving Google's AI search the bird, and DuckDuckGo is benefiting
• Negative Sentiment: Alphabet faces mounting regulatory risk, including reports that the EU may issue a record fine over alleged search monopoly practices, which could weigh on sentiment. Market Chatter: Alphabet's Google Nears Record European Union Fine Over Alleged Search Monopoly
• Negative Sentiment: Several stories also say Google’s AI search redesign is pushing some users and marketers to rethink reliance on Google, which raises concern that AI changes could disrupt the traditional search ad model. OpenAI is building a new kind of ad machine. Early data suggests Google should worry.

Analyst Ratings Changes

GOOG has been the topic of several recent research reports. DZ Bank raised shares of Alphabet to a "strong-buy" rating in a report on Monday, February 16th. Raymond James Financial reissued a "strong-buy" rating and set a $425.00 target price on shares of Alphabet in a research note on Thursday, April 30th. The Goldman Sachs Group reissued a "buy" rating and set a $450.00 target price on shares of Alphabet in a research note on Thursday, May 21st. Stifel Nicolaus set a $420.00 target price on shares of Alphabet in a research note on Wednesday, May 20th. Finally, Pivotal Research reissued a "buy" rating and set a $470.00 target price (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $372.65.

About Alphabet

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.

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