Alphabet Inc. $GOOGL Shares Sold by Private Capital Advisors Inc.

Key Points

• Private Capital Advisors reduced its Alphabet stake by 2.2% in the fourth quarter, selling 4,253 shares and leaving it with 185,476 shares valued at about $58.1 million.
• Alphabet posted strong quarterly results, reporting $5.11 EPS versus analyst expectations of $2.64 and revenue of $109.9 billion, both ahead of estimates.
• The company boosted its quarterly dividend to $0.22 per share from $0.21, while analysts remain generally positive with a consensus rating of Moderate Buy and an average price target of $412.65.

Private Capital Advisors Inc. cut its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 185,476 shares of the information services provider's stock after selling 4,253 shares during the quarter. Alphabet makes up 5.9% of Private Capital Advisors Inc.'s portfolio, making the stock its 3rd largest position. Private Capital Advisors Inc.'s holdings in Alphabet were worth $58,054,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Alphabet by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 528,969,322 shares of the information services provider's stock valued at $165,567,398,000 after buying an additional 12,531,695 shares in the last quarter. State Street Corp increased its stake in shares of Alphabet by 1.8% in the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after buying an additional 4,008,374 shares in the last quarter. Capital World Investors increased its stake in shares of Alphabet by 28.0% in 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 buying an additional 11,605,785 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Alphabet by 15.7% in 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 buying an additional 6,874,381 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Alphabet by 2.3% in the third quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock valued at $10,984,744,000 after buying an additional 1,034,292 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of GOOGL opened at $382.97 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 1 year low of $162.00 and a 1 year high of $408.61. The stock has a market cap of $4.64 trillion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 1.64 and a beta of 1.26. The stock's 50-day moving average price is $337.75 and its two-hundred day moving average price is $321.52.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) 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 firm had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. On average, equities analysts predict that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is an increase from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet's dividend payout ratio (DPR) is 6.41%.

Insider Activity

In other Alphabet news, CAO Amie Thuener O'toole sold 955 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the transaction, the chief accounting officer owned 9,918 shares in the company, valued at approximately $2,955,564. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $303.38, for a total value of $9,859,850.00. Following the transaction, the chief executive officer owned 1,674,560 shares in the company, valued at approximately $508,028,012.80. This trade represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 226,481 shares of company stock valued at $27,422,061. Insiders own 11.61% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Mizuho raised their target price on Alphabet from $420.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 6th. Freedom Capital cut Alphabet from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Alphabet in a report on Monday, May 4th. UBS Group reiterated a "neutral" rating on shares of Alphabet in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Alphabet in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $412.65.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q1 results were highlighted as one of the strongest among the Mag 7, with Google Cloud showing accelerating sales growth and broader AI momentum helping investor sentiment. Alphabet and NVIDIA: The Biggest Mag 7 Winners This Earnings Season
• Positive Sentiment: Google’s I/O announcements continued to reinforce Alphabet’s AI story, including new AI search experiences, agent tools, and upcoming AI glasses that suggest the company is expanding beyond traditional search. We tried Google's AI glasses and they're almost there
• Positive Sentiment: Analysts remain constructive on the stock, with multiple firms reiterating positive views and new AI ad formats seen as potentially boosting conversions and monetization in Search and Commerce. Alphabet's new AI ad formats seen boosting conversions and spending
• Positive Sentiment: Google unveiled a $15 billion Missouri data center investment, underscoring continued capital spending to support AI infrastructure and cloud demand. Google Unveils $15 Billion Missouri Data Center Investment
• Neutral Sentiment: Several articles discussed Google’s revamped AI-driven search experience and agent ecosystem, which are strategically important but still too early to measure their near-term financial impact. Google is pitching an AI agent ecosystem to consumers who may not buy it
• Negative Sentiment: Waymo temporarily suspended service in multiple cities after robotaxis drove into flooded roads, adding another safety and execution concern for Alphabet’s autonomous vehicle unit. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
• Negative Sentiment: Google’s appeal of the antitrust ruling remains the biggest overhang, since a loss or forced remedies could eventually weigh on the company’s core search and advertising economics. Google appeals US court ruling on search monopoly

Alphabet 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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