Pallas Capital Advisors LLC Sells 19,182 Shares of Alphabet Inc. $GOOGL

Key Points

• Pallas Capital Advisors trimmed its Alphabet stake by 11.2%, selling 19,182 shares and now holds 152,147 shares worth $47.62 million, representing about 1.6% of its portfolio and its 8th largest position.
• Insider selling was notable: CEO Sundar Pichai sold 32,500 shares for roughly $10.0 million, and insiders sold a total of 2,101,227 shares (~$115.0 million) in the last quarter, leaving insiders with about 11.64% ownership.
• Alphabet recently beat quarterly estimates (EPS $2.82 vs. $2.57; revenue $113.83B), has a $3.58 trillion market cap, and carries a MarketBeat consensus of "Moderate Buy" with an average target of $367.33; it also pays a $0.21 quarterly dividend (0.3% yield).

Pallas Capital Advisors LLC trimmed its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 11.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,147 shares of the information services provider's stock after selling 19,182 shares during the period. Alphabet accounts for about 1.6% of Pallas Capital Advisors LLC's investment portfolio, making the stock its 8th largest position. Pallas Capital Advisors LLC's holdings in Alphabet were worth $47,622,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elevatus Welath Management boosted its position in Alphabet by 13.5% during the fourth quarter. Elevatus Welath Management now owns 10,805 shares of the information services provider's stock worth $3,382,000 after purchasing an additional 1,288 shares during the period. Petros Family Wealth LLC raised its position in shares of Alphabet by 49.5% in the fourth quarter. Petros Family Wealth LLC now owns 7,980 shares of the information services provider's stock valued at $2,498,000 after purchasing an additional 2,641 shares during the period. True Vision MN LLC lifted its stake in shares of Alphabet by 2.2% in the fourth quarter. True Vision MN LLC now owns 4,052 shares of the information services provider's stock worth $1,268,000 after buying an additional 88 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in shares of Alphabet by 0.5% in the fourth quarter. Wolff Wiese Magana LLC now owns 7,615 shares of the information services provider's stock worth $2,384,000 after buying an additional 37 shares during the last quarter. Finally, Verum Partners LLC boosted its holdings in shares of Alphabet by 5.8% during the 4th quarter. Verum Partners LLC now owns 5,566 shares of the information services provider's stock worth $1,742,000 after buying an additional 307 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the sale, the chief executive officer owned 1,642,060 shares in the company, valued at $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frances Arnold sold 112 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the completion of the transaction, the director owned 18,418 shares of the company's stock, valued at approximately $5,580,469.82. This represents a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,101,227 shares of company stock valued at $114,969,050 in the last quarter. 11.64% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $295.77 on Friday. The firm's 50-day moving average is $309.93 and its 200-day moving average is $295.97. The company has a market cap of $3.58 trillion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.82 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. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00.

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

Alphabet Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on GOOGL shares. Loop Capital raised their target price on shares of Alphabet from $320.00 to $355.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. BMO Capital Markets restated an "outperform" rating and set a $400.00 price target on shares of Alphabet in a report on Thursday, February 5th. Rosenblatt Securities raised their price target on Alphabet from $279.00 to $357.00 and gave the company a "neutral" rating in a research report on Thursday, February 5th. Piper Sandler reiterated an "overweight" rating and issued a $395.00 price objective (up from $365.00) on shares of Alphabet in a research note on Thursday, February 5th. Finally, UBS Group set a $348.00 price objective on Alphabet and gave the stock a "neutral" rating in a research 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $367.33.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts remain constructive: several outlets note continued Buy/Outperform ratings on Alphabet driven by cloud monetization and AI opportunity — Wells Fargo kept an overweight stance (while trimming targets), signaling upside remains despite lower PTs. Ahead of Meta, Alphabet earnings, Wells Fargo keeps overweight, cuts PTs
• Positive Sentiment: Market/analyst commentary highlights Alphabet’s AI upside — an Outperform rating specifically cites AI growth potential as a driver for long‑term revenue and cloud monetization. Alphabet (GOOGL) Rated Outperform on AI Growth Potential
• Positive Sentiment: Product & tech advances: coverage of Google’s Gemma 4 and reporting on the TurboQuant breakthrough reinforce Alphabet’s lead in model and efficiency advances — positive for future monetization and competitive moat. Google's Gemma 4 brings AI superpowers to your device Google's TurboQuant Breakthrough Just Rewrote the AI Playbook
• Neutral Sentiment: Talent movement: Broadcom named Alphabet executive Amie Thuener as its next CFO — a notable departure but not an earnings item; monitor succession and any operational impact. Broadcom taps Alphabet executive Amie Thuener as next CFO
• Negative Sentiment: Near‑term cash‑flow risk: Semianalysis’ CEO warned AI capex could push Google’s free cash flow toward zero next year, feeding investor worries about heavy, multi‑year spending before full monetization. Semianalysis CEO: Google's free cash flow will hit zero next year from AI capex
• Negative Sentiment: Regulatory/reputational pressure: EU hospitality groups and child‑development experts are urging scrutiny of Google’s search rankings and AI video recommendations, raising potential regulatory and compliance risks in Europe and for YouTube. EU hospitality groups raise concerns over Google search rankings Experts urged Google to prohibit AI Videos targeting young YouTube users
• Negative Sentiment: Insider selling: An SEC filing shows a senior executive sold ~9k shares in late March — a modest but visible reduction in insider ownership that can prompt short‑term concern. John Kent Walker insider sale disclosure

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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