BayBridge Capital Group LLC Sells 2,020 Shares of Alphabet Inc. $GOOGL

Key Points

• BayBridge Capital trimmed its Alphabet stake by 16.2%, selling 2,020 shares and leaving it with 10,417 shares worth $3.26 million (about 2.0% of the fund and its 11th-largest holding).
• Alphabet beat quarterly expectations — EPS $2.82 vs. $2.57 and revenue $113.83B vs. $111.24B — and recent AI/cloud catalysts (Intel partnership, Broadcom/Anthropic deals) have driven analyst optimism and price‑target upgrades (consensus target ~$366.92; Mizuho $420).
• Insider and major shareholder selling has been notable: John Kent Walker sold 47,574 shares (~$14.34M) and 2017 Gp L.L.C. sold 1,845,308 shares (~$35.06M), with insiders offloading ~2,069,344 shares worth about $104.7M over the last 90 days.

BayBridge Capital Group LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 16.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,417 shares of the information services provider's stock after selling 2,020 shares during the period. Alphabet comprises about 2.0% of BayBridge Capital Group LLC's portfolio, making the stock its 11th biggest position. BayBridge Capital Group LLC's holdings in Alphabet were worth $3,260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. PMV Capital Advisers LLC bought a new stake in Alphabet during the 4th quarter worth approximately $38,000. iSAM Funds UK Ltd bought a new stake in Alphabet during the 3rd quarter worth approximately $53,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Alphabet in the 3rd quarter valued at about $53,000. Corsicana & Co. bought a new stake in shares of Alphabet in the 3rd quarter valued at about $54,000. Finally, Sellwood Investment Partners LLC bought a new stake in shares of Alphabet in the 3rd quarter valued at about $63,000. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Down 0.4%

Alphabet stock opened at $317.20 on Friday. Alphabet Inc. has a 1-year low of $146.10 and a 1-year high of $349.00. The firm has a market capitalization of $3.84 trillion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.12. The firm's fifty day moving average price is $306.85 and its two-hundred day moving average price is $298.35. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released 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. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. On average, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, March 9th. Alphabet's dividend payout ratio (DPR) is currently 7.77%.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Stronger AI/cloud positioning: Google expanded its multi‑year AI infrastructure partnership with Intel to co‑develop processors and power Google Cloud AI workloads — a sign of durable demand for cloud AI capacity that supports Google Cloud revenue growth. Read More.
• Positive Sentiment: Broadcom and Anthropic deals validate Google’s AI infrastructure strategy and the broader market for non‑NVIDIA accelerators — a constructive signal for Alphabet’s AI cost and supply relationships. Read More.
• Positive Sentiment: Analyst and media bullishness on AI adoption: BNP Paribas and other commentators highlight Gemini and Anthropic as drivers that can take share in the generative AI market, underpinning ad/productivity monetization upside for Alphabet. Read More.
• Positive Sentiment: Monetization tailwind — YouTube raised U.S. Premium prices, which should boost ARPU and subscription revenue over time. Read More.
• Positive Sentiment: Bullish price‑target action from Mizuho (raised to $420) reinforces upside thesis for investors focused on long‑term AI/cloud gains. (No link)
• Neutral Sentiment: Short interest report is effectively meaningless/noisy for today’s move (data shows zero shares / reporting artifact), so it’s not the driver of the stock’s action. (No link)
• Negative Sentiment: Regulatory risk for Waymo: A California bill would require more human operators for robotaxis, raising operating costs and regulatory uncertainty for Alphabet’s autonomous‑vehicle ambitions. Read More.
• Negative Sentiment: International/content regulatory pressure: Indonesia issued a reprimand to YouTube over new social media rules for children, underscoring regional enforcement risk that can hit engagement or require costly compliance changes. Read More.
• Negative Sentiment: Analyst downgrade pressure: Wolfe Research trimmed its price target from $390 to $360, which increases short‑term selling pressure despite the firm still rating the stock “outperform.” (No link)

Insider Buying and Selling

In related news, insider John Kent Walker sold 47,574 shares of the firm's stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares of the company's stock, valued at $3,987,279.15. This trade represents a 78.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the firm's stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $19.00, for a total transaction of $35,060,852.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,069,344 shares of company stock valued at $104,708,426. 11.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GOOGL has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Alphabet from $397.00 to $361.00 and set an "overweight" rating on the stock in a research report on Thursday, April 2nd. Arete Research upped their price objective on shares of Alphabet from $380.00 to $405.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Daiwa Securities Group upped their price objective on shares of Alphabet from $333.00 to $380.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. Mizuho upped their price objective on shares of Alphabet from $410.00 to $420.00 and gave the company an "outperform" rating in a research note on Friday. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of Alphabet in a research report on Monday, February 9th. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $366.92.

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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