Alphabet Inc. $GOOGL Shares Sold by Bogart Wealth LLC

Key Points

• Bogart Wealth LLC cut its Alphabet stake by 23.7% in the fourth quarter, selling 28,175 shares and leaving it with 90,865 shares valued at about $28.4 million.
• Alphabet reported strong quarterly results, with EPS of $5.11 beating estimates and revenue of $109.9 billion topping forecasts. The company also raised its quarterly dividend from $0.21 to $0.22 per share.
• Insider selling and analyst sentiment were both notable: CEO Sundar Pichai and another major shareholder sold shares, while Wall Street maintained a bullish stance with a consensus "Moderate Buy" rating and an average price target of $411.23.

Bogart Wealth LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 23.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,865 shares of the information services provider's stock after selling 28,175 shares during the quarter. Alphabet comprises approximately 1.1% of Bogart Wealth LLC's holdings, making the stock its 20th biggest holding. Bogart Wealth LLC's holdings in Alphabet were worth $28,441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Brighton Jones LLC increased its stake in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Alphabet by 3.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after purchasing an additional 506 shares during the last quarter. Matrix Asset Advisors Inc. NY increased its position in shares of Alphabet by 17.6% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock worth $685,000 after purchasing an additional 581 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Alphabet by 11.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock worth $85,557,000 after purchasing an additional 48,805 shares during the last quarter. Finally, United Bank increased its position in shares of Alphabet by 6.9% in the 2nd quarter. United Bank now owns 48,204 shares of the information services provider's stock worth $8,495,000 after purchasing an additional 3,120 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total value of $9,859,850.00. Following the completion of the transaction, the chief executive officer owned 1,674,560 shares in the company, valued at approximately $508,028,012.80. This represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 stock was sold at an average price of $23.75, for a total transaction of $2,077,531.25. The SEC filing for this sale provides additional information. Insiders have sold 257,931 shares of company stock worth $36,886,538 in the last quarter. 11.61% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

NASDAQ GOOGL opened at $396.94 on Tuesday. Alphabet Inc. has a 52 week low of $162.00 and a 52 week high of $408.61. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.81 trillion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The company has a 50-day moving average price of $331.22 and a two-hundred day moving average price of $318.52.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Analysts forecast that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a $0.22 dividend. This is a positive change 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 yield of 0.2%. Alphabet's payout ratio is currently 6.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GOOGL shares. Rothschild & Co Redburn boosted their target price on shares of Alphabet from $390.00 to $430.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. UBS Group set a $410.00 target price on shares of Alphabet and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Roth Mkm reissued a "buy" rating on shares of Alphabet in a research report on Thursday, April 30th. Citigroup reissued an "outperform" rating on shares of Alphabet in a research report on Monday, May 4th. Finally, Susquehanna reaffirmed a "positive" rating and set a $460.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $411.23.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google and Blackstone reportedly plan to launch a new AI cloud company, a move that could expand demand for Alphabet’s specialized chips and deepen its presence in enterprise AI infrastructure. Google, Blackstone to create new AI cloud company, WSJ reports
• Positive Sentiment: Alphabet is heading into Google I/O with expectations for major AI announcements, and analysts are watching for updates on Gemini, agentic commerce, and in-house TPU chips that could strengthen its competitive position. Google I/O primer: Alphabet's AI showcase is its chance to wow Wall Street
• Positive Sentiment: Arete Research raised its price target on Alphabet to $425 from $405 and kept a buy rating, signaling continued upside confidence from analysts. Arete Research adjusts price target on Alphabet to $425 from $405
• Positive Sentiment: Multiple articles highlighted Alphabet’s strong momentum this year, with AI demand, cloud growth, and Berkshire Hathaway’s much larger stake helping validate the bullish case. Read More.
• Neutral Sentiment: Alphabet disclosed insider-share sales by a major shareholder, but the transactions appear routine and were reported through standard SEC filings. SEC filing
• Negative Sentiment: Alphabet also faces ongoing headline risk from its YouTube youth-safety settlement and broader scrutiny around AI and platform responsibility, though these issues look secondary to the company’s current AI-driven optimism. Alphabet’s $5 Trillion Milestone: How AI Ambitions Are Fueling Google’s Record Run

Alphabet Company 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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.