Alphabet Inc. $GOOGL Stock Holdings Trimmed by Rede Wealth LLC

Key Points

• Rede Wealth LLC cut its Alphabet stake by 76.1% in Q4, selling 4,366 shares and leaving 1,368 shares valued at about $428,000.
• Significant insider selling: CEO Sundar Pichai sold 32,500 shares (~$10.0M) and John Kent Walker sold 8,993 shares (~$2.48M); insiders have sold ~2,037,294 shares worth ~$94.2M over the past 90 days and now own 11.55% of the company.
• Analyst optimism and strong fundamentals: Multiple firms raised price targets (consensus target ~$369.67) and most analysts rate GOOGL a Buy, after an earnings beat and with the stock trading near its 1-year high and a market cap of about $4.24 trillion.

Rede Wealth LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 76.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,368 shares of the information services provider's stock after selling 4,366 shares during the period. Rede Wealth LLC's holdings in Alphabet were worth $428,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GOOGL. Members Trust Co raised its position in shares of Alphabet by 0.5% during the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock valued at $2,014,000 after acquiring an additional 31 shares in the last quarter. Altfest L J & Co. Inc. boosted its holdings in Alphabet by 0.4% in the fourth quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider's stock worth $2,489,000 after purchasing an additional 31 shares during the period. Lifelong Wealth Advisors Inc. boosted its holdings in Alphabet by 1.9% in the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider's stock worth $541,000 after purchasing an additional 33 shares during the period. White Wing Wealth Management increased its stake in Alphabet by 2.9% during the fourth quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider's stock valued at $362,000 after purchasing an additional 33 shares during the last quarter. Finally, Quantum Financial Advisors LLC increased its stake in Alphabet by 0.3% during the fourth quarter. Quantum Financial Advisors LLC now owns 11,799 shares of the information services provider's stock valued at $3,693,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company's stock.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction that occurred on Friday, March 27th. The shares were 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 in the company, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. The trade was a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,037,294 shares of company stock valued at $94,216,897 over the last ninety days. Company insiders own 11.55% of the company's stock.

Alphabet Stock Up 1.7%

Shares of GOOGL stock 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. The business's fifty day moving average is $310.19 and its 200-day moving average is $306.18. Alphabet Inc. has a 1 year low of $147.84 and a 1 year high of $353.18. The stock 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.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results 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. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Equities analysts expect that Alphabet Inc. will post 11.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GOOGL shares. Dbs Bank raised their price target on shares of Alphabet from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, April 17th. Citigroup reaffirmed a "buy" rating and set a $405.00 price objective (up from $390.00) on shares of Alphabet in a research report on Tuesday, April 14th. KeyCorp increased their price objective on shares of Alphabet from $370.00 to $380.00 and gave the stock an "overweight" rating in a research note on Monday, April 20th. Daiwa Securities Group raised their target price on shares of Alphabet from $333.00 to $380.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Finally, Wall Street Zen downgraded Alphabet from a "buy" rating to a "hold" rating in a research note on Sunday, April 12th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $369.67.

Alphabet News Summary

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

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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