Alphabet Inc. $GOOGL Shares Sold by CPC Advisors LLC

Key Points

• CPC Advisors LLC cut its Alphabet stake by 13.1% in the fourth quarter, selling 4,437 shares and ending with 29,361 shares worth about $9.19 million.
• Institutional interest remains strong, with major investors like Berkshire Hathaway, Capital World Investors, and Capital Research Global Investors adding to or initiating large positions; hedge funds and institutions own 40.03% of Alphabet shares.
• Alphabet beat earnings expectations in its latest quarterly report, posting $5.11 EPS versus $2.64 expected and revenue of $109.90 billion versus $106.98 billion expected, while analysts maintain a consensus Moderate Buy rating with an average target price of $407.86.

CPC Advisors LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,361 shares of the information services provider's stock after selling 4,437 shares during the quarter. Alphabet comprises about 0.9% of CPC Advisors LLC's investment portfolio, making the stock its 25th biggest position. CPC Advisors LLC's holdings in Alphabet were worth $9,190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Berkshire Hathaway Inc purchased a new stake in shares of Alphabet during the third quarter worth about $4,338,397,000. Capital World Investors grew its holdings in shares of Alphabet by 28.0% during the third quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock valued at $12,910,542,000 after purchasing an additional 11,605,785 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Alphabet by 15.7% during the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock valued at $12,333,076,000 after purchasing an additional 6,874,381 shares during the last quarter. Mizuho Markets Cayman LP grew its holdings in shares of Alphabet by 23,402.1% during the third quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider's stock valued at $1,487,419,000 after purchasing an additional 6,092,513 shares during the last quarter. Finally, Coatue Management LLC grew its holdings in Alphabet by 259.1% in the 3rd quarter. Coatue Management LLC now owns 7,221,115 shares of the information services provider's stock worth $1,755,453,000 after buying an additional 5,210,434 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GOOGL shares. Sanford C. Bernstein reiterated a "market perform" rating and set a $390.00 price objective (up from $345.00) on shares of Alphabet in a research report on Thursday, April 30th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Alphabet in a research note on Monday, May 4th. New Street Research increased their target price on shares of Alphabet from $380.00 to $450.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. Phillip Securities increased their target price on shares of Alphabet from $340.00 to $395.00 and gave the stock a "moderate buy" rating in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company lowered their target price on shares of Alphabet from $397.00 to $361.00 and set an "overweight" rating on the stock in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $407.86.

Alphabet Stock Up 0.7%

Shares of GOOGL opened at $400.69 on Friday. The stock has a market cap of $4.85 trillion, a price-to-earnings ratio of 30.56, a P/E/G 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 $152.20 and a 12 month high of $402.00. The company has a 50-day moving average price of $318.66 and a two-hundred day moving average price of $311.72.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Equities analysts predict that Alphabet Inc. will post 14.01 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 issued 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 is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is 6.41%.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet unveiled upcoming AI-powered bidding and budget-pacing tools for Google Ads, which could make Search and Shopping advertising more efficient and attractive for advertisers. Google AI Automates Ad Bidding and Budget Pacing
• Positive Sentiment: Multiple analysts raised price targets on Alphabet, including DBS Bank to $460 and other firms lifting estimates after the company’s earnings beat, reinforcing the view that results remain stronger than expected. DBS Bank Adjusts Price Target on Alphabet to 460
• Positive Sentiment: Google Cloud’s partnership with OTB Group on a generative-AI virtual try-on experience adds to the narrative that Alphabet can monetize AI across enterprise and retail use cases. Google Cloud Partners With OTB Group
• Positive Sentiment: Reports highlighted strong investor appetite for AI leaders such as Google, and recent coverage continues to frame Alphabet as one of the main beneficiaries of the AI spending cycle. Google, Broadcom Drive Delirious Demand
• Positive Sentiment: Recent reports on Google’s AI “agent” efforts and AI search features suggest Alphabet is expanding its product lead in next-generation search and automation tools. Meta, Google enter AI agent race
• Neutral Sentiment: Alphabet is also getting more time to address EU regulators’ concerns in an ongoing antitrust investigation, which removes some immediate pressure but does not eliminate the legal overhang. Google Gets More Time in EU Investigation
• Negative Sentiment: Google faces a new UK lawsuit over online display ads, adding another antitrust/legal risk that could weigh on sentiment if regulatory scrutiny intensifies. Google Faces New UK Lawsuit Over Online Display Ads

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of Alphabet stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $331.65, for a total transaction of $348,232.50. Following the completion of the sale, the director owned 3,581 shares of the company's stock, valued at approximately $1,187,638.65. The trade was a 22.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the business's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. This trade represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 158,553 shares of company stock valued at $47,951,856 over the last quarter. Company insiders own 11.61% of the company's stock.

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.

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