Alphabet Inc. $GOOGL Shares Sold by Private Management Group Inc.

Key Points

• Private Management Group Inc. reduced its Alphabet stake by 9.0% in the fourth quarter, selling 5,711 shares and leaving it with 57,806 shares valued at about $18.1 million.
• Alphabet reported strong quarterly results, posting EPS of $5.11 versus the $2.64 consensus and revenue of $109.9 billion, both ahead of expectations.
• The company raised its quarterly dividend to $0.22 per share from $0.21, giving it an annualized payout of $0.88 and a yield of about 0.2%.

Private Management Group Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,806 shares of the information services provider's stock after selling 5,711 shares during the period. Private Management Group Inc.'s holdings in Alphabet were worth $18,093,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock worth $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after purchasing an additional 506 shares during the last quarter. Matrix Asset Advisors Inc. NY raised its stake in shares of Alphabet by 17.6% during the second quarter. Matrix Asset Advisors Inc. NY now owns 3,888 shares of the information services provider's stock worth $685,000 after purchasing an additional 581 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Alphabet by 11.2% during the second quarter. Sequoia Financial Advisors LLC now owns 485,486 shares of the information services provider's stock worth $85,557,000 after purchasing an additional 48,805 shares during the last quarter. Finally, United Bank raised its stake in shares of Alphabet by 6.9% during the second quarter. United Bank now owns 48,204 shares of the information services provider's stock worth $8,495,000 after purchasing an additional 3,120 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Up 0.4%

Alphabet stock opened at $357.77 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The firm has a market capitalization of $4.33 trillion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 1.52 and a beta of 1.23. Alphabet Inc. has a fifty-two week low of $162.00 and a fifty-two week high of $408.61. The stock's fifty day moving average is $359.21 and its two-hundred day moving average is $330.05.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. The company 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%. Analysts predict that Alphabet Inc. will post 14.3 EPS for the current fiscal year.

Alphabet Increases Dividend

The company 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 $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a positive change from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's dividend payout ratio is currently 6.71%.

Analyst Ratings Changes

Several equities research analysts have recently commented on GOOGL shares. Oppenheimer upped their price target on Alphabet from $425.00 to $445.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th. President Capital increased their price objective on Alphabet from $375.00 to $465.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Daiwa Securities Group increased their price objective on Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. The Goldman Sachs Group increased their price objective on Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Rosenblatt Securities reiterated a "neutral" rating and issued a $393.00 price objective on shares of Alphabet in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Alphabet has an average rating of "Moderate Buy" and an average price target of $413.13.

Insider Buying and Selling

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the company's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total value of $412,923.00. Following the sale, the director owned 2,531 shares of the company's stock, valued at approximately $995,341.06. This represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frances Arnold sold 102 shares of the company's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $381.00, for a total value of $38,862.00. Following the completion of the sale, the director directly owned 18,721 shares in the company, valued at $7,132,701. This trade represents a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 193,016 shares of company stock valued at $17,282,549 in the last three months. 11.61% of the stock is owned by insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Google is reportedly in talks with Samsung to manufacture part of its next-generation TPU chip, a sign it is deepening control over AI hardware supply and potentially improving long-term margins. Google in talks with Samsung to make next-generation chips, The Information reports
• Positive Sentiment: Waymo launched a $29.99 monthly premium subscription tier with perks like 10% cash back and free cancellations, showing Alphabet is working to turn autonomous driving into a recurring revenue business. Waymo launches a loyalty program with 10% cash back and free cancellations
• Positive Sentiment: Analysts at Erste Group Bank raised FY2026 and FY2027 earnings estimates for Alphabet, reinforcing confidence in the company’s profit outlook. Alphabet earnings estimate increases
• Positive Sentiment: Several articles highlighted Alphabet as a long-term growth and AI beneficiary, with bullish commentary around cloud, Gemini, and the broader “agentic AI” opportunity. Alphabet: Now Is The Time To Raise Equity, Agentic AI Is Here (Rating Upgrade)
• Neutral Sentiment: Google said it identified an active Oracle PeopleSoft hacking campaign tied to ShinyHunters, which underscores cybersecurity concerns in the enterprise software ecosystem but is not a direct hit to Alphabet’s core business. Google says ShinyHunters hackers targeting education sector via Oracle exploit
• Neutral Sentiment: Waymo also announced a national ad push and a broader effort to market its service, which may help growth but is too early to quantify. Waymo Readies First National Ads as Rivals and Critics Proliferate
• Negative Sentiment: A Google director resigned publicly over the company’s Pentagon-related AI work, adding reputational noise around governance and ethics. A Google director resigned over the company's military deals
• Negative Sentiment: Alphabet also faced legal and product-related overhangs this week, including a denied retrial in the youth social media addiction case and reports of Gemini/Workspace service issues, which could weigh on sentiment. Update: Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge

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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