Atria Investments Inc Lowers Stock Holdings in Alphabet Inc. $GOOGL

Key Points

• Atria Investments Inc cut its Alphabet stake by 8.0% in the fourth quarter, selling 25,077 shares and ending with 287,528 shares valued at about $90 million.
• Alphabet reported better-than-expected Q1 earnings, posting $5.11 per share versus estimates of $2.64 and revenue of $109.9 billion, above the $106.98 billion consensus.
• The company raised its quarterly dividend to $0.22 per share from $0.21, while analysts remain broadly positive with a consensus Moderate Buy rating and a $413.33 price target.

Atria Investments Inc lessened its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 287,528 shares of the information services provider's stock after selling 25,077 shares during the quarter. Alphabet comprises 1.0% of Atria Investments Inc's holdings, making the stock its 11th largest position. Atria Investments Inc's holdings in Alphabet were worth $89,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mainsail Asset Management LLC increased its stake in Alphabet by 5.0% during the fourth quarter. Mainsail Asset Management LLC now owns 1,817 shares of the information services provider's stock worth $569,000 after acquiring an additional 87 shares during the last quarter. Foundry Financial Group Inc. boosted its holdings in Alphabet by 27.5% in the fourth quarter. Foundry Financial Group Inc. now owns 1,318 shares of the information services provider's stock valued at $413,000 after purchasing an additional 284 shares during the period. Catalyst Financial Partners LLC lifted its holdings in Alphabet by 11.3% during the 4th quarter. Catalyst Financial Partners LLC now owns 35,996 shares of the information services provider's stock worth $11,267,000 after buying an additional 3,657 shares during the last quarter. Moneco Advisors LLC lifted its holdings in Alphabet by 0.7% during the 4th quarter. Moneco Advisors LLC now owns 46,055 shares of the information services provider's stock worth $14,415,000 after buying an additional 310 shares during the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. lifted its holdings in Alphabet by 241.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 8,302 shares of the information services provider's stock worth $2,673,000 after buying an additional 5,870 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O'toole sold 617 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the transaction, the chief accounting officer owned 10,093 shares of the company's stock, valued at approximately $2,923,235.59. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Sundar Pichai sold 32,500 shares of the firm's stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the transaction, the chief executive officer directly owned 1,642,060 shares in the company, valued at $505,573,853.40. This represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 225,516 shares of company stock valued at $27,142,399. Corporate insiders own 11.61% of the company's stock.

Alphabet Stock Down 1.0%

Shares of NASDAQ GOOGL opened at $376.37 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $347.16 and a 200 day moving average price of $325.75. The company has a market cap of $4.56 trillion, a P/E ratio of 28.71, a P/E/G ratio of 1.63 and a beta of 1.26. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. Research analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. 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. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. Alphabet's dividend payout ratio is 6.71%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company reiterated an "overweight" rating and set a $435.00 target price (up from $427.00) on shares of Alphabet in a research report on Wednesday, May 20th. Moffett Nathanson boosted their target price on Alphabet from $305.00 to $350.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Morgan Stanley boosted their target price on Alphabet from $330.00 to $375.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Daiwa Securities Group boosted their price target on Alphabet from $380.00 to $445.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Finally, Rothschild & Co Redburn boosted their price target on Alphabet from $390.00 to $430.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Two investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $413.33.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s $10 billion commitment gives Alphabet a high-profile endorsement and suggests long-term confidence in the company’s AI and cloud strategy. Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
• Positive Sentiment: Alphabet’s ownership stakes in major private AI companies like SpaceX and Anthropic could provide hidden upside if those firms eventually go public. Alphabet Stock Offers Exposure To SpaceX, Anthropic Before IPOs: What That Means For Investors
• Neutral Sentiment: Coverage of Alphabet’s expanding AI coding, hardware, and consumer-device strategy underscores the company’s push to compete more aggressively, but it does not appear to be the immediate stock-moving catalyst today. Microsoft and Google are late to AI coding, but 'absolutely critical' they compete for growth
• Negative Sentiment: Alphabet’s proposed $80 billion capital raise is raising dilution concerns and signaling much heavier near-term AI capex, which is pressuring the shares. Exclusive: EU cloud rules to curb Amazon, Google access to strategic tenders, draft document shows
• Negative Sentiment: Reports that EU cloud rules could restrict Google’s access to strategic government tenders add another regulatory overhang for the company’s cloud business. Alphabet to raise $80 billion in equity capital for AI spending

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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