Alphabet Inc. $GOOG Shares Sold by Forum Financial Management LP

Key Points

• Forum Financial Management LP cut its Alphabet position by 26.6% in the first quarter, selling 39,784 shares and leaving it with 109,926 shares valued at about $31.5 million.
• Alphabet also saw recent insider selling, including a June 29 sale by John Kent Walker; over the last 90 days, insiders sold 160,465 shares worth about $8.0 million.
• Despite the selling, analysts remain mostly bullish and Alphabet’s latest earnings were strong, with EPS of $5.11 beating estimates and revenue rising 21.8% year over year.

Forum Financial Management LP lowered its position in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 26.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,926 shares of the information services provider's stock after selling 39,784 shares during the quarter. Alphabet accounts for approximately 0.4% of Forum Financial Management LP's holdings, making the stock its 19th biggest holding. Forum Financial Management LP's holdings in Alphabet were worth $31,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOG. Nvest Wealth Strategies Inc. purchased a new position in Alphabet during the 4th quarter valued at about $38,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. Imprint Wealth LLC purchased a new stake in shares of Alphabet in the third quarter valued at about $31,000. Bard Associates Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at about $41,000. Finally, Towne Trust Company N.A grew its position in shares of 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. Institutional investors and hedge funds own 27.26% of the company's stock.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 8,998 shares of the company's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $349.29, for a total transaction of $3,142,911.42. Following the transaction, the insider directly owned 75,290 shares of the company's stock, valued at approximately $26,298,044.10. This represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 160,465 shares of company stock valued at $8,020,511. 12.99% of the stock is currently owned by company insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s core AI and cloud story remains strong, with new commentary pointing to continued enterprise adoption, including Google Cloud’s expanding role in financial services and other large customers. Reuters: Google disrupts NetNut proxy network used in malware operations
• Positive Sentiment: Several market updates remain bullish on Alphabet’s growth profile, highlighting strong earnings momentum, AI infrastructure investment, and favorable analyst sentiment with multiple buy ratings and elevated price targets.
• Positive Sentiment: Google Cloud is gaining traction in enterprise AI, including a new deal with Jack Henry, which supports the view that Alphabet can keep growing beyond search and advertising. Zacks: GOOGL's AI Cloud Strategy Gets a Boost From Jack Henry
• Neutral Sentiment: Alphabet exceeded its $1 billion Africa investment target, a strategically positive move for long-term expansion but not likely a near-term earnings driver. Reuters: Google has exceeded $1 billion Africa investment target
• Negative Sentiment: The biggest drag on GOOG today is the EU antitrust setback, which could keep regulators focused on Alphabet’s search, Android, and shopping businesses. Reuters: EU top court dismisses Google fight against record €4.1 billion EU antitrust fine
• Negative Sentiment: Investors are also watching Alphabet’s heavy AI capex and compute constraints, which could pressure margins if spending stays elevated. Yahoo Finance: Alphabet Is Limiting Gemini AI Access As Cloud Capacity Tightens
• Negative Sentiment: Recent insider selling by Alphabet executives, while modest, may add a little caution to sentiment. SEC filing: Alphabet insider transaction

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GOOG shares. Stifel Nicolaus set a $420.00 price objective on shares of Alphabet in a research note on Wednesday, May 20th. Raymond James Financial reiterated a "strong-buy" rating and set a $425.00 target price on shares of Alphabet in a report on Thursday, April 30th. Citigroup reissued a "market outperform" rating on shares of Alphabet in a research report on Monday, June 22nd. Scotiabank reissued an "outperform" rating and issued a $450.00 price target (up from $400.00) on shares of Alphabet in a report on Thursday, April 30th. Finally, Freedom Capital downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Four research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $376.19.

Alphabet Stock Performance

Shares of GOOG opened at $356.18 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $4.32 trillion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.53 and a beta of 1.23. The company's 50 day simple moving average is $367.94 and its 200 day simple moving average is $333.16. Alphabet Inc. has a 1 year low of $173.88 and a 1 year high of $404.47.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Alphabet's revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.81 EPS. On average, sell-side analysts predict that Alphabet Inc. will post 14.32 EPS for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a $0.22 dividend. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Monday, June 8th. Alphabet's dividend payout ratio (DPR) is presently 6.71%.

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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