Alphabet Inc. $GOOGL Shares Sold by Norris Perne & French LLP MI

Key Points

• Norris Perne & French LLP MI trimmed its Alphabet stake by 2.8% in Q4, selling 7,430 shares and leaving it with 260,218 shares valued at about $81.45 million, which represents roughly 5.4% of the firm's portfolio and is its second-largest holding.
• Company insiders have been active sellers recently — including John Kent Walker and John L. Hennessy — with insiders offloading 2,037,294 shares worth about $94.22 million in the past three months, leaving insiders owning 11.55% of the stock.
• Sell-side sentiment remains mostly positive: Alphabet has a consensus rating of "Moderate Buy" with an average price target of $369.67, and the company recently beat Q1 estimates (EPS $2.82 vs. $2.57; revenue $113.83B vs. $111.24B).

Norris Perne & French LLP MI lowered its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,218 shares of the information services provider's stock after selling 7,430 shares during the quarter. Alphabet makes up approximately 5.4% of Norris Perne & French LLP MI's investment portfolio, making the stock its 2nd largest position. Norris Perne & French LLP MI's holdings in Alphabet were worth $81,448,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Lynch Asset Management Inc. grew its holdings in shares of Alphabet by 0.4% during the 4th quarter. Lynch Asset Management Inc. now owns 71,250 shares of the information services provider's stock valued at $22,301,000 after purchasing an additional 250 shares during the last quarter. JM2 Capital Inc. bought a new position in Alphabet in the 4th quarter valued at approximately $7,015,000. Eagle Bay Advisors LLC lifted its stake in Alphabet by 0.7% in the 4th quarter. Eagle Bay Advisors LLC now owns 5,775 shares of the information services provider's stock valued at $1,807,000 after purchasing an additional 41 shares during the last quarter. Third View Private Wealth LLC acquired a new stake in Alphabet in the fourth quarter valued at approximately $24,265,000. Finally, Sheridan Capital Management LLC boosted its position in Alphabet by 1.9% in the fourth quarter. Sheridan Capital Management LLC now owns 1,885 shares of the information services provider's stock valued at $590,000 after buying an additional 35 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on GOOGL shares. DZ Bank reiterated a "buy" rating on shares of Alphabet in a report on Monday, February 16th. The Goldman Sachs Group reissued a "buy" rating and set a $375.00 price objective (up from $330.00) on shares of Alphabet in a report on Tuesday, January 13th. Pivotal Research boosted their price objective on Alphabet from $400.00 to $420.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Mizuho upped their target price on Alphabet from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Friday, April 10th. Finally, Citizens Jmp reiterated a "market outperform" rating and issued a $385.00 target price on shares of Alphabet in a research report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $369.67.

Insider Transactions at Alphabet

In other news, insider John Kent Walker sold 8,993 shares of the stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the sale, the insider owned 51,808 shares of the company's stock, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total value of $348,232.50. Following the transaction, the director owned 3,581 shares of the company's stock, valued at $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,037,294 shares of company stock worth $94,216,897. 11.55% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $350.34 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a 52 week low of $147.84 and a 52 week high of $353.18. The firm has a market cap of $4.24 trillion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12. The firm's fifty day moving average is $310.19 and its 200-day moving average is $306.18.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.57 by $0.25. The business 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 predict that Alphabet Inc. will post 11.53 earnings per share for the current year.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Market attention is squarely on Alphabet’s earnings and Gemini/AI spending updates, which investors expect could drive revenue and engagement. Alphabet earnings on tap with Gemini, AI spending updates in focus with stock near record high
• Positive Sentiment: The U.S. Department of Defense added Google’s Gemini for Government models to its secure GenAI.mil platform — a commercial win that supports enterprise/government adoption and recurring revenue potential. What's Behind The Boost In Alphabet Stock Today?
• Positive Sentiment: South Korea and Google agreed to build an AI campus in Seoul — a strategic move to expand R&D, talent and local partnerships that supports long-term AI product development. Google to build AI campus in South Korea, presidential office says
• Positive Sentiment: Prominent bullish commentary (e.g., Jim Cramer) highlights Alphabet’s diversified AI-driven revenue “mosaic,” supporting investor sentiment and flows into the stock. Jim Cramer Says “Alphabet Has a Mosaic Like None Other”
• Neutral Sentiment: Analyst notes and market pieces flag that strong post-earnings moves are possible (heightened volatility around the report); options activity is mixed versus peers. Here's How Much Google Parent Alphabet Stock Is Expected to Move After Earnings
• Negative Sentiment: The EU is pressing Google to open Android to AI rivals and regulators gave pointers to improve rivals’ access to Google services — potential regulatory changes that could hurt margins or product control. EU tells Google to open Android to AI rivals
• Negative Sentiment: Investors are pushing for more climate transparency tied to AI data center energy use (shareholder proposal from Trillium) — this could increase disclosure and potentially capex/operational scrutiny as AI workloads scale. Alphabet Investors Press For AI Data Center Climate Transparency

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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