Alphabet Inc. $GOOGL Shares Sold by Eagle Capital Management LLC

Key Points

• Eagle Capital Management reduced its Alphabet stake by 5.0% in the first quarter, selling 2,266 shares and leaving it with 43,502 shares valued at about $12.5 million.
• Alphabet has been boosted by strong analyst sentiment and recent positive news, including its addition to the Dow Jones Industrial Average and multiple firms reiterating Buy/outperform ratings with price targets around $413 to $485.
• The company continues to show solid fundamentals, reporting Q1 EPS of $5.11 versus $2.64 expected and revenue of $109.9 billion, while also raising its quarterly dividend to $0.22 per share.

Eagle Capital Management LLC trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,502 shares of the information services provider's stock after selling 2,266 shares during the period. Alphabet makes up 4.9% of Eagle Capital Management LLC's investment portfolio, making the stock its 7th largest holding. Eagle Capital Management LLC's holdings in Alphabet were worth $12,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Lifetime Wealth Management P.C. purchased a new position in shares of Alphabet during the fourth quarter worth about $32,000. EMC Capital Management purchased a new stake in shares of Alphabet in the 4th quarter valued at about $33,000. PMV Capital Advisers LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at about $38,000. IFC & Insurance Marketing Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $38,000. Finally, Bard Associates Inc. acquired a new position in Alphabet during the fourth quarter worth approximately $52,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet officially joined the Dow Jones Industrial Average, replacing Verizon, which has sparked broad investor buying and index-fund demand. Reuters: Alphabet debuts in Dow Jones Industrial Average as index tilts toward tech
• Positive Sentiment: Several reports note Alphabet’s stock rose on the Dow debut, reflecting renewed investor enthusiasm and momentum around the company’s large-cap tech and AI position. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions
• Positive Sentiment: Jefferies reiterated a Buy rating on Alphabet with a $445 price target, suggesting Wall Street still sees meaningful upside despite the recent pullback. Yahoo Finance: Jefferies Maintain a Buy Rating on Alphabet (GOOGL)
• Neutral Sentiment: Alphabet also gained attention from fresh coverage highlighting its cloud and AI partnerships, including Google Cloud’s collaboration with the Philippine government on AI agents for public services. Yahoo Finance: Alphabet’s Google Cloud Partners with Philippine Government to Deploy AI Agents in Public Services
• Neutral Sentiment: Investors are also weighing concerns that strong AI demand is being constrained by limited compute capacity, which may cap near-term growth even as demand remains high. Reuters: Google limits Meta's use of its Gemini AI models, FT reports
• Negative Sentiment: Some articles point out that Alphabet has been under pressure recently due to AI-spending concerns and broader weakness in big tech, so the Dow inclusion may be helping offset a weak monthly trend. CNBC: Alphabet stock pops 4% on Dow debut, but the tech giant faces major AI questions

Analysts Set New Price Targets

GOOGL has been the subject of a number of research reports. Oppenheimer boosted their price objective on Alphabet from $425.00 to $445.00 and gave the company an "outperform" rating in a research note on Friday, May 15th. Needham & Company LLC restated a "buy" rating and set a $450.00 price target on shares of Alphabet in a research note on Wednesday, June 3rd. CICC Research increased their price target on Alphabet from $388.00 to $407.91 and gave the stock an "outperform" rating in a report on Friday, May 1st. China Renaissance lifted their price objective on shares of Alphabet from $400.00 to $485.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Finally, Evercore boosted their price objective on shares of Alphabet from $400.00 to $420.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of "Moderate Buy" and an average target price of $413.13.

Alphabet Stock Up 4.8%

Alphabet stock opened at $353.55 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. Alphabet Inc. has a 1-year low of $172.77 and a 1-year high of $408.61. The company has a market cap of $4.28 trillion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. The stock's 50 day moving average price is $369.30 and its 200 day moving average price is $333.27.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The firm had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. On average, sell-side analysts predict that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is presently 6.71%.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $368.63, for a total value of $387,061.50. Following the completion of the sale, the director owned 1,481 shares in the company, valued at $545,941.03. This trade represents a 41.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Marsida Saraci sold 449 shares of the business's stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $341.72, for a total transaction of $153,432.28. Following the sale, the chief accounting officer directly owned 27,348 shares in the company, valued at approximately $9,345,358.56. This represents a 1.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 151,972 shares of company stock worth $5,016,958. 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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