Parkside Investments LLC Sells 4,160 Shares of Alphabet Inc. $GOOG

Key Points

• Parkside Investments LLC trimmed its Alphabet stake by 7.5% in the fourth quarter, selling 4,160 shares and leaving it with 51,244 shares worth about $16.08 million.
• Wall Street remains broadly positive on GOOG, with several firms reiterating buy/strong-buy ratings and raising price targets, while MarketBeat shows a consensus rating of Buy and a consensus target of $376.
• Alphabet’s recent news flow is centered on AI growth, including Gemini reaching 900 million users and a larger equity raise tied to AI spending, though that expansion has also sparked concerns about dilution and regulatory pressure.

Parkside Investments LLC reduced its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,244 shares of the information services provider's stock after selling 4,160 shares during the period. Alphabet makes up about 2.0% of Parkside Investments LLC's investment portfolio, making the stock its 8th biggest position. Parkside Investments LLC's holdings in Alphabet were worth $16,080,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Ring Mountain Capital LLC lifted its holdings in Alphabet by 0.9% in the fourth quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider's stock valued at $1,174,000 after buying an additional 30 shares during the period. Cannon Financial Strategists Inc. lifted its holdings in Alphabet by 1.9% in the fourth quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider's stock valued at $499,000 after buying an additional 30 shares during the period. HRC Wealth Management LLC lifted its holdings in Alphabet by 1.0% in the fourth quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider's stock valued at $1,014,000 after buying an additional 31 shares during the period. Certior Financial Group LLC raised its holdings in Alphabet by 3.5% in the fourth quarter. Certior Financial Group LLC now owns 919 shares of the information services provider's stock worth $288,000 after purchasing an additional 31 shares during the period. Finally, Synergy Investment Management LLC raised its holdings in Alphabet by 0.8% in the fourth quarter. Synergy Investment Management LLC now owns 4,124 shares of the information services provider's stock worth $1,294,000 after purchasing an additional 31 shares during the period. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GOOG. Pivotal Research reiterated a "buy" rating and issued a $470.00 target price (up from $420.00) on shares of Alphabet in a report on Wednesday, April 29th. Raymond James Financial reiterated a "strong-buy" rating and issued a $425.00 target price on shares of Alphabet in a report on Thursday, April 30th. BMO Capital Markets reiterated an "outperform" rating and issued a $400.00 target price on shares of Alphabet in a report on Thursday, February 5th. The Goldman Sachs Group reiterated a "buy" rating and issued a $450.00 target price on shares of Alphabet in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Alphabet from $395.00 to $460.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Five research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $376.00.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 1,050 shares of the firm's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $393.26, for a total value of $412,923.00. Following the completion of the transaction, the director owned 2,531 shares of the company's stock, valued at approximately $995,341.06. This trade represents a 29.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the firm's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $23.75, for a total transaction of $2,077,531.25. The SEC filing for this sale provides additional information. Insiders have sold 193,016 shares of company stock valued at $17,282,549 over the last three months. Insiders own 12.99% of the company's stock.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet expanded its collaboration with Google Cloud and Lovable in a multi-year deal, reinforcing demand for Google Cloud infrastructure and AI tools. Lovable Expands Collaboration With Google Cloud to Scale AI-Powered Software Creation
• Positive Sentiment: Multiple reports highlighted strong investor appetite for Alphabet’s AI expansion, including an upsized equity raise to $84.75 billion and Berkshire Hathaway’s planned $10 billion participation, which signals outside confidence in the company’s AI strategy. Alphabet to raise $84.75 billion in upsized equity offering to fund AI ambitions
• Positive Sentiment: Alphabet said its Gemini AI app has reached 900 million users, underscoring momentum in its consumer AI products and supporting the long-term growth story. Alphabet’s Gemini AI App Surges to 900 Million Users
• Neutral Sentiment: Analysts remain broadly constructive, with several firms reiterating buy ratings and price targets around the low-to-mid $400s, suggesting Wall Street still sees upside despite recent volatility. Google to See Variable Margins, Cloud Segment Growth Through 2028, UBS Says
• Negative Sentiment: UK regulators imposed new conduct requirements on Google Search, including letting publishers opt out of AI search features and model training, which could weaken the economics of AI Overviews and increase regulatory pressure. UK regulator enforces new competition requirements for Google search
• Negative Sentiment: Investors also appear uneasy about the scale of Alphabet’s AI spending plans, since the huge capital raise raises dilution concerns and suggests heavy infrastructure costs ahead. Alphabet plans to raise $80 billion to pay for AI buildout

Alphabet Stock Down 0.8%

Shares of GOOG stock opened at $355.68 on Thursday. The firm has a fifty day moving average of $346.94 and a 200-day moving average of $326.15. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. Alphabet Inc. has a 12-month low of $163.33 and a 12-month high of $404.47. The company has a market capitalization of $4.31 trillion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 1.54 and a beta of 1.22.

Alphabet (NASDAQ:GOOG - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The company had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.96 billion. During the same quarter in the prior year, the firm earned $2.81 earnings per share. The firm's revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts predict that Alphabet Inc. will post 14.28 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. 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%. The ex-dividend date of this dividend is Monday, June 8th. Alphabet's payout ratio is currently 6.41%.

Alphabet Company Profile

Alphabet Inc NASDAQ: GOOG is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as "Other Bets." Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company's history.

Alphabet's core business centers on internet search and advertising, with Google Search and the company's ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.

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