Greenwood Capital Associates LLC Trims Position in Alphabet Inc. $GOOGL

Key Points

• Greenwood Capital trimmed its stake in Alphabet by 8.9%, selling 10,291 shares and now holding 104,940 shares worth about $32.85 million, making Alphabet its third-largest holding.
• Alphabet reported a blowout Q1 with EPS of $5.11 vs. $2.64 expected and revenue of $109.9B, driven by ~63% Google Cloud growth and AI momentum that sent the stock up ~10% and prompted multiple analyst price-target increases.
• Capital return and insider activity: Alphabet raised its quarterly dividend to $0.22 (annualized $0.88, ~0.2% yield), while insiders have sold shares recently (191,884 shares worth ~$59.1M over 90 days), with insiders owning ~11.6% of the stock.

Greenwood Capital Associates LLC lowered its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,940 shares of the information services provider's stock after selling 10,291 shares during the period. Alphabet makes up approximately 3.6% of Greenwood Capital Associates LLC's holdings, making the stock its 3rd largest holding. Greenwood Capital Associates LLC's holdings in Alphabet were worth $32,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Berkshire Hathaway Inc purchased a new position in Alphabet in the 3rd quarter worth approximately $4,338,397,000. Capital World Investors boosted its stake in shares of Alphabet by 28.0% during 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 purchasing an additional 11,605,785 shares during the period. Capital Research Global Investors grew its holdings 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 worth $12,333,076,000 after purchasing an additional 6,874,381 shares during the last quarter. Mizuho Markets Cayman LP increased its stake in shares of Alphabet by 23,402.1% in the third quarter. Mizuho Markets Cayman LP now owns 6,118,547 shares of the information services provider's stock worth $1,487,419,000 after buying an additional 6,092,513 shares during the period. Finally, Coatue Management LLC raised its holdings in Alphabet by 259.1% during the 3rd quarter. Coatue Management LLC now owns 7,221,115 shares of the information services provider's stock valued at $1,755,453,000 after buying an additional 5,210,434 shares during the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Stock Up 10.0%

Shares of NASDAQ:GOOGL opened at $384.80 on Friday. The firm has a market capitalization of $4.65 trillion, a P/E ratio of 29.35, a P/E/G ratio of 2.17 and a beta of 1.12. 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 stock has a 50 day moving average price of $313.72 and a 200-day moving average price of $307.81. Alphabet Inc. has a 52-week low of $147.84 and a 52-week high of $385.84.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly 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 41.25% and a net margin of 37.92%. As a group, equities research analysts anticipate that Alphabet Inc. will post 11.54 EPS for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. Alphabet's payout ratio is currently 7.77%.

Analyst Ratings Changes

GOOGL has been the topic of a number of recent analyst reports. Guggenheim reissued a "buy" rating and issued a $450.00 price target (up from $375.00) on shares of Alphabet in a report on Thursday. President Capital upped their price objective on shares of Alphabet from $323.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. Susquehanna reiterated a "positive" rating and set a $460.00 target price (up from $400.00) on shares of Alphabet in a report on Thursday. China Renaissance boosted their price target on Alphabet from $330.00 to $400.00 and gave the company a "buy" rating in a report on Friday, February 6th. Finally, Raymond James Financial raised Alphabet from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $390.65.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Blowout Q1 — EPS and revenue materially beat expectations, with Google Cloud reporting very strong growth that convinced investors the company’s AI investments are driving near‑term monetization. GOOGL Q1 Earnings Beat (Zacks)
• Positive Sentiment: Cloud / AI momentum — Google Cloud grew ~63% y/y, AI product revenues surged and management cited a multi‑hundred‑billion backlog, supporting upside to future revenue and margins. Cloud Growth & Backlog (Zacks)
• Positive Sentiment: Analyst upgrades — A wave of price‑target increases and buy/overweight reiterations (Goldman, JPMorgan, Canaccord, Citi, etc.) followed the quarter, adding institutional endorsement and likely supporting further buying. Price Target Raises (MarketScreener)
• Positive Sentiment: Shareholder return signal — Alphabet announced a modestly higher quarterly dividend (up from $0.21 to $0.22), marking a small but visible move toward returning cash to investors.
• Neutral Sentiment: Product/monetization rollouts — Gemini is being integrated into millions of cars (upgrade from Assistant), and Waymo continues geographic expansion and commercial rides — both expand long‑term monetization pathways but have longer ROI timelines. Gemini in Cars (TechCrunch) Waymo Growth (Business Insider)
• Neutral Sentiment: Unusual options activity — Heavy call buying today suggests bullish positioning or hedged directional bets; this amplifies intraday volatility but not fundamentals.
• Negative Sentiment: CapEx concerns — Multiple write‑ups flagged rapid, ongoing AI/data‑center spend; some investors worry heavy capex could pressure near‑term margins despite revenue gains. CapEx Concerns (Seeking Alpha)
• Negative Sentiment: Regulatory and governance risks — European scrutiny (Italy) and shareholder pushes for cloud/AI safeguards create political/regulatory overhang that could affect product deployments or compliance costs. Italy Asks EU Probe (Reuters)

Insider Transactions at Alphabet

In related news, insider John Kent Walker sold 8,993 shares of the stock in a transaction dated 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 transaction, the insider directly owned 51,808 shares in the company, valued at $14,293,309.12. This trade represents a 14.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of Alphabet 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 191,884 shares of company stock worth $59,121,365. 11.64% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.