Alphabet Inc. $GOOGL Position Lowered by Hager Investment Management Services LLC

Key Points

• Hager Investment Management Services LLC trimmed its Alphabet position by 5.9% in Q4 to 26,544 shares (worth about $8.31 million), representing roughly 4.5% of the firm's portfolio and its fourth-largest holding.
• Significant insider selling was disclosed: CEO Sundar Pichai sold 32,500 shares (~$9.88M) and John Kent Walker sold 47,574 shares (~$14.34M), with insiders selling about 2,069,794 shares worth $104.85M in the past 90 days and now owning 11.55% of the stock.
• Wall Street sentiment is broadly positive with multiple price-target increases and a consensus "Moderate Buy" and $368.94 target, following an earnings beat (Q EPS $2.82 vs. $2.57) and the announcement of a $0.21 quarterly dividend.

Hager Investment Management Services LLC trimmed its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,544 shares of the information services provider's stock after selling 1,674 shares during the quarter. Alphabet accounts for approximately 4.5% of Hager Investment Management Services LLC's portfolio, making the stock its 4th largest holding. Hager Investment Management Services LLC's holdings in Alphabet were worth $8,308,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. PMV Capital Advisers LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at about $38,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Alphabet in the third quarter valued at about $53,000. Kentucky Trust Co grew its stake in shares of Alphabet by 142.9% in the fourth quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after buying an additional 100 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Alphabet in the third quarter valued at about $53,000. Finally, Corsicana & Co. acquired a new stake in shares of Alphabet in the third quarter valued at about $54,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GOOGL shares. Mizuho lifted their price target on shares of Alphabet from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Friday, April 10th. KeyCorp upped their price objective on shares of Alphabet from $370.00 to $380.00 and gave the company an "overweight" rating in a research report on Monday. Phillip Securities upped their price objective on shares of Alphabet from $340.00 to $395.00 and gave the company a "moderate buy" rating in a research report on Wednesday, April 15th. DZ Bank reissued a "buy" rating on shares of Alphabet in a research report on Monday, February 16th. Finally, Cantor Fitzgerald upped their price objective on shares of Alphabet from $370.00 to $395.00 and gave the company an "overweight" rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $368.94.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the transaction, the chief executive officer owned 2,818,524 shares of the company's stock, valued at $856,605,814.08. This trade represents a 1.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John Kent Walker sold 47,574 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares in the company, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 2,069,794 shares of company stock worth $104,854,147. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 1.2%

Shares of GOOGL opened at $337.42 on Tuesday. The company has a market capitalization of $4.08 trillion, a P/E ratio of 31.21, a P/E/G ratio of 2.11 and a beta of 1.12. Alphabet Inc. has a one year low of $146.10 and a one year high of $349.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a 50-day moving average price of $307.09 and a 200 day moving average price of $302.81.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. Sell-side analysts forecast that Alphabet Inc. will post 11.53 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet's dividend payout ratio (DPR) is currently 7.77%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Multiple analyst upgrades and higher price targets signal bullish expectations around Google Cloud and AI monetization: Cantor Fitzgerald raised its target to $395 and KeyCorp lifted its target to $380, citing momentum into Cloud Next. Cantor Fitzgerald price target raise KeyCorp target lift
• Positive Sentiment: Google is expanding its TPU/AI-inference push and getting growing demand from big AI customers (Anthropic, Meta). That strengthens cloud differentiation and potential high-margin hardware/service revenues. Google expands TPU push
• Positive Sentiment: Reports that Google is in talks with Marvell to develop inference-focused AI chips point to verticalization of Google's AI stack (could reduce reliance on external suppliers and improve cloud differentiation). These reports lifted chip names and echo the TPU push. Reuters: Marvell-Google talks
• Neutral Sentiment: Some coverage and trade commentary highlight heavy investor attention and short-term volatility around GOOGL (Zacks pieces noting larger-than-market moves); useful for traders but not necessarily directional for fundamentals. Zacks: Why GOOGL dipped
• Neutral Sentiment: Initial Marvell gains were pared after analysts disputed the scope/timing of any Google deal, introducing uncertainty about the immediate impact and which vendors will benefit. Marvell gains pared
• Negative Sentiment: eMarketer projects Meta will overtake Google in digital ad revenue this year — a red flag for Google’s core ad growth narrative and a potential headwind for revenue expectations. eMarketer: Meta set to surpass Google
• Negative Sentiment: Investor concern about rising AI-related spending (reports that Alphabet will materially increase AI investment) can pressure near-term margins even as it supports long-term growth—this likely contributed to today's pullback after a strong April rally. Fool on AI spending concerns

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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