Heck Capital Advisors LLC Sells 5,187 Shares of Alphabet Inc. $GOOGL

Key Points

• Heck Capital Advisors trimmed its stake in Alphabet by 30.7% in Q4, selling 5,187 shares and finishing the quarter with 11,715 shares valued at $3.667 million.
• Alphabet beat expectations for the quarter with $2.82 EPS versus $2.57 estimated and $113.83 billion in revenue, reporting a 32.8% net margin and 35.0% return on equity.
• Heavy insider selling has occurred recently — insiders and major holders sold 2,069,344 shares worth about $104.7 million in the last 90 days, including a 1.845 million‑share sale by 2017 Gp L.L.C. Gv.

Heck Capital Advisors LLC trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 30.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,715 shares of the information services provider's stock after selling 5,187 shares during the quarter. Heck Capital Advisors LLC's holdings in Alphabet were worth $3,667,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. PMV Capital Advisers LLC bought a new stake in Alphabet during the 4th quarter valued at $38,000. iSAM Funds UK Ltd bought a new stake in Alphabet during the 3rd quarter valued at $53,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Alphabet during the 3rd quarter valued at $53,000. Corsicana & Co. bought a new stake in Alphabet during the 3rd quarter valued at $54,000. Finally, Sellwood Investment Partners LLC bought a new stake in Alphabet during the 3rd quarter valued at $63,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Down 0.4%

Shares of NASDAQ GOOGL opened at $317.20 on Friday. 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 Inc. has a 12 month low of $146.10 and a 12 month high of $349.00. The firm has a market capitalization of $3.84 trillion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The firm has a fifty day simple moving average of $306.85 and a two-hundred day simple moving average of $298.67.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

Alphabet News Roundup

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)

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Arete Research upped their price target on shares of Alphabet from $380.00 to $405.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. President Capital upped their price target on shares of Alphabet from $323.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Bank of America upped their price target on shares of Alphabet from $335.00 to $370.00 and gave the company a "buy" rating in a report on Tuesday, January 13th. Roth Mkm upped their price target on shares of Alphabet from $365.00 to $395.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $385.00 price target on shares of Alphabet in a report on Thursday, February 5th. Three analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $366.92.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 47,574 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the transaction, the insider directly owned 13,227 shares in the company, valued at approximately $3,987,279.15. This represents a 78.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company's stock in a transaction on Friday, January 30th. The stock was 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. In the last ninety days, insiders sold 2,069,344 shares of company stock worth $104,708,426. Company insiders own 11.64% of the company's stock.

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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