Alphabet Inc. $GOOGL Shares Sold by GF Fund Management CO. LTD.

Key Points

• GF Fund Management CO. LTD. trimmed its Alphabet stake by 6.4% in Q4, selling 31,134 shares and now holds 456,989 shares worth about $143.04 million (≈2.4% of its portfolio; 10th largest holding).
• Alphabet beat expectations with Q1 EPS of $5.11 vs. $2.64 and revenue of $109.9B, led by Google Cloud (~63% growth to >$20B and a backlog near $460B), spurring numerous analyst price-target raises and upgraded ratings.
• Alphabet raised its quarterly dividend to $0.22 (annualized $0.88, ~0.2% yield), while insiders have been net sellers recently—191,053 shares sold (~$58.8M) over the last 90 days, including sales by CEO Sundar Pichai.

GF Fund Management CO. LTD. decreased its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 6.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 456,989 shares of the information services provider's stock after selling 31,134 shares during the quarter. Alphabet accounts for about 2.4% of GF Fund Management CO. LTD.'s investment portfolio, making the stock its 10th largest holding. GF Fund Management CO. LTD.'s holdings in Alphabet were worth $143,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new stake in Alphabet during the 3rd quarter worth about $416,217,000. Sovran Advisors LLC boosted its position in Alphabet by 23.6% during the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider's stock worth $5,401,000 after acquiring an additional 4,241 shares during the period. Wright Investors Service Inc. boosted its position in Alphabet by 21.2% during the 3rd quarter. Wright Investors Service Inc. now owns 50,064 shares of the information services provider's stock worth $12,171,000 after acquiring an additional 8,746 shares during the period. CIBC Asset Management Inc boosted its position in Alphabet by 3.8% during the 3rd quarter. CIBC Asset Management Inc now owns 1,666,577 shares of the information services provider's stock worth $405,131,000 after acquiring an additional 60,831 shares during the period. Finally, Belpointe Asset Management LLC boosted its position in Alphabet by 5.4% during the 3rd quarter. Belpointe Asset Management LLC now owns 72,608 shares of the information services provider's stock worth $17,652,000 after acquiring an additional 3,740 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Q1 earnings & Google Cloud surge — Alphabet beat on EPS and revenue; Google Cloud grew ~63% to >$20B and backlog jumped near $460B, underpinning earnings momentum and revenue visibility. Alphabet’s Earnings Didn’t Just Beat—They Changed the Story
• Positive Sentiment: Wall Street re-rating — Dozens of brokers raised price targets and reiterated buy/outperform views (Goldman, JPMorgan, Citi, Canaccord, etc.), lifting upside expectations and supporting momentum. JPMorgan price target note
• Positive Sentiment: Product & monetization catalysts — Gemini rollout into millions of vehicles and comments about ads in AI-driven Search/Gemini expand potential ad & cloud monetization paths. Google's Gemini hits cars
• Positive Sentiment: Commercial & government demand — The Pentagon signed agreements with leading AI vendors (including Google) to deploy AI tools on classified networks, validating enterprise/government demand for secure AI infrastructure. Pentagon AI agreements
• Positive Sentiment: Market narrative uplift — Coverage arguing Alphabet could challenge Nvidia for top market-cap status and that Google is “winning” the AI cycle is driving momentum flows and investor positioning. Barron's: The First $6 Trillion Company May Not Be Nvidia
• Neutral Sentiment: CapEx trajectory — Management signaled materially higher CapEx into 2027 to support AI/data centers; that supports future growth but raises near-term investment intensity and cash needs. Seeking Alpha: CapEx concerns
• Negative Sentiment: Regulatory/legal risk — European scrutiny is rising: Italy asked the EU to investigate Google’s AI search features and Swiss regulators opened probes related to keyword bidding; these could lead to fines, remedies or product constraints. Italy asks EU to investigate Google AI search Switzerland probe

Alphabet Price Performance

GOOGL opened at $385.69 on Monday. Alphabet Inc. has a fifty-two week low of $147.84 and a fifty-two week high of $386.76. The business has a 50-day moving average of $313.72 and a 200-day moving average of $308.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $4.67 trillion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results 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. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. Equities research analysts forecast that Alphabet Inc. will post 12.94 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.22 dividend. 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. This is a positive change from Alphabet's previous quarterly dividend of $0.21. Alphabet's dividend payout ratio (DPR) is 6.41%.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $303.41, for a total value of $318,580.50. Following the transaction, the director directly owned 4,631 shares of the company's stock, valued at approximately $1,405,091.71. This trade represents a 18.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total value of $9,877,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,818,524 shares in the company, valued at $856,605,814.08. The trade was a 1.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 191,053 shares of company stock valued at $58,845,206 over the last 90 days. 11.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on GOOGL shares. Susquehanna restated a "positive" rating and set a $460.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday. KeyCorp set a $425.00 price objective on Alphabet and gave the stock an "overweight" rating in a research report on Thursday. Citizens Jmp reaffirmed a "market outperform" rating and set a $385.00 price target on shares of Alphabet in a research note on Monday, April 13th. China Renaissance raised their price target on Alphabet from $330.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Finally, Mizuho raised their price target on Alphabet from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $397.48.

About Alphabet

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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