Osborne Partners Capital Management LLC Sells 28,295 Shares of Alphabet Inc. $GOOGL

Key Points

• Osborne Partners cut its Alphabet stake by 23.9% in Q4, selling 28,295 shares and leaving it with 90,218 shares valued at $28.24 million (about 1.5% of the firm's portfolio and its 15th largest holding).
• Alphabet posted a blockbuster Q1, beating EPS estimates ($5.11 vs. $2.64) and revenue ($109.9B vs. $106.98B), prompting analyst price-target increases and a consensus "Moderate Buy" average target of $406.71.
• Management raised the quarterly dividend to $0.22 (annualized $0.88, yield ~0.2%), even as insiders sold 158,553 shares (~$47.95 million) over the last quarter; corporate insiders still own 11.61% of the stock.

Osborne Partners Capital Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,218 shares of the information services provider's stock after selling 28,295 shares during the quarter. Alphabet makes up approximately 1.5% of Osborne Partners Capital Management LLC's portfolio, making the stock its 15th largest position. Osborne Partners Capital Management LLC's holdings in Alphabet were worth $28,238,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOGL. State Street Corp increased its stake in Alphabet by 1.8% in the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider's stock valued at $40,524,841,000 after buying an additional 4,008,374 shares during the last quarter. Capital World Investors boosted its stake in shares of Alphabet by 28.0% in the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider's stock worth $12,910,542,000 after buying an additional 11,605,785 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Alphabet by 15.7% in the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider's stock worth $12,333,076,000 after buying an additional 6,874,381 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Alphabet by 2.3% in the third quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider's stock valued at $10,984,744,000 after acquiring an additional 1,034,292 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Alphabet by 1.0% during the third quarter. Legal & General Group Plc now owns 39,250,829 shares of the information services provider's stock valued at $9,541,877,000 after acquiring an additional 392,547 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Stock Down 0.0%

GOOGL stock opened at $397.99 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The company has a market capitalization of $4.81 trillion, a price-to-earnings ratio of 30.36, a PEG ratio of 1.66 and a beta of 1.26. Alphabet Inc. has a fifty-two week low of $152.20 and a fifty-two week high of $400.10. The stock has a fifty day moving average of $318.66 and a 200-day moving average of $311.72.

Alphabet (NASDAQ:GOOGL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.64 by $2.47. The business had revenue of $109.90 billion for the quarter, compared to analysts' expectations of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, equities research analysts predict that Alphabet Inc. will post 14.01 earnings per share for the current 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 paid a $0.22 dividend. The ex-dividend date 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 6.41%.

Insider Buying and Selling

In related news, Director Frances Arnold sold 102 shares of Alphabet stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $371.00, for a total value of $37,842.00. Following the completion of the transaction, the director directly owned 18,621 shares in the company, valued at approximately $6,908,391. The trade was a 0.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. The trade was a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 158,553 shares of company stock valued at $47,951,856. Corporate insiders own 11.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley lifted their price target on Alphabet from $330.00 to $375.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Barclays reaffirmed an "overweight" rating and set a $405.00 target price (up from $360.00) on shares of Alphabet in a research report on Thursday, April 30th. UBS Group set a $410.00 target price on Alphabet and gave the stock a "neutral" rating in a research note on Thursday, April 30th. DZ Bank reissued a "buy" rating on shares of Alphabet in a report on Monday, February 16th. Finally, DA Davidson raised their price objective on shares of Alphabet from $300.00 to $310.00 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $406.71.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Huge Q1 beat and cash generation — Alphabet reported blockbuster Q1 results and large net income, highlighting strong Search and AI-driven revenue that underpins recent multiple expansion and investor confidence. It Takes Meta Almost 9 Minutes...
• Positive Sentiment: Analyst upgrades lift sentiment — Mizuho raised its price target to $460 (outperform) and other shops have pushed targets higher, reinforcing buy-side momentum after the earnings beat. Alphabet Given New $460.00 Price Target at Mizuho
• Positive Sentiment: New consumer products and recurring revenue — Google rebranded Fitbit to Google Health, launched a $9.99/month AI health coach (May 19) and unveiled the Fitbit Air wearable; subscription services could add predictable ARPU. Google's $9.99-per-month AI health coach...
• Positive Sentiment: Market leadership narrative — Coverage notes Alphabet closing the gap on Nvidia for the world's largest market cap, a bullish signal that may attract momentum and index flows. Alphabet Is About to Overtake Nvidia...
• Neutral Sentiment: Hiring and process changes — Google is piloting AI-assisted software-engineer interviews and exploring personal AI agents (Remy), which could improve hiring throughput but raise operational and fairness questions. Google plans to let software engineers...
• Neutral Sentiment: R&D and partnerships — DeepMind has taken a minority stake to train models on the EVE Online environment and Google continues investing in personal AI agents; long-term upside but near-term costs remain. Google DeepMind Will Train AI Models...
• Negative Sentiment: Regulatory/legal risk in EU news case — Google proposed changes to search news displays to avoid further EU fines, highlighting ongoing exposure to large competition penalties that could hit earnings or require product changes. Google moves to avert EU fines...
• Negative Sentiment: UK display-ads legal claim — A £3bn collective claim alleging monopolization of display ads introduces another material legal overhang that could pressure valuation until resolved. Google facing £3bn legal claim...

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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