Private Management Group Inc. Sells 11,556 Shares of Alphabet Inc. $GOOGL

Key Points

• Private Management Group Inc. reduced its stake by 15.4% in Alphabet during Q3, selling 11,556 shares and ending the period with 63,517 shares valued at $15.441 million.
• Insider selling was notable: CEO Sundar Pichai sold 32,500 shares (~$9.86M) and John Kent Walker sold 47,574 shares (~$14.34M), with insiders selling 2,112,493 shares in the past 90 days and now owning 11.64% of the stock.
• Analysts remain broadly positive—MarketBeat shows a "Moderate Buy" consensus with an average target of $367.18—after Alphabet beat Q results (EPS $2.82 vs. $2.57) and declared a quarterly dividend of $0.21 ($0.84 annual, ~0.3% yield).

Private Management Group Inc. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 15.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,517 shares of the information services provider's stock after selling 11,556 shares during the quarter. Private Management Group Inc.'s holdings in Alphabet were worth $15,441,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Regal Investment Advisors LLC increased its position in Alphabet by 13.5% during the third quarter. Regal Investment Advisors LLC now owns 21,301 shares of the information services provider's stock worth $5,178,000 after buying an additional 2,532 shares during the last quarter. Ring Mountain Capital LLC boosted its stake in shares of Alphabet by 0.6% during the 3rd quarter. Ring Mountain Capital LLC now owns 30,189 shares of the information services provider's stock worth $7,339,000 after acquiring an additional 177 shares during the period. Benchmark Investment Advisors LLC bought a new position in shares of Alphabet during the 3rd quarter worth approximately $5,575,000. Capital Wealth Planning LLC boosted its stake in shares of Alphabet by 236.4% during the 3rd quarter. Capital Wealth Planning LLC now owns 90,433 shares of the information services provider's stock worth $21,984,000 after acquiring an additional 63,554 shares during the period. Finally, Columbus Hill Capital Management L.P. raised its stake in Alphabet by 32.2% in the 3rd quarter. Columbus Hill Capital Management L.P. now owns 197,515 shares of the information services provider's stock valued at $48,016,000 after acquiring an additional 48,100 shares during the period. Institutional investors and hedge funds own 40.03% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on GOOGL. Stifel Nicolaus restated a "buy" rating and issued a $395.00 price target (up from $346.00) on shares of Alphabet in a research note on Thursday, February 5th. DZ Bank reaffirmed a "buy" rating on shares of Alphabet in a research report on Monday, February 16th. Mizuho upped their price objective on shares of Alphabet from $400.00 to $410.00 and gave the company an "outperform" rating in a report on Thursday, February 5th. UBS Group set a $348.00 price objective on shares of Alphabet and gave the company a "neutral" rating in a research report on Thursday, February 5th. Finally, Truist Financial set a $385.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $367.18.

Insiders Place Their Bets

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the transaction, the chief executive officer owned 1,674,560 shares in the company, valued at $508,028,012.80. This represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,112,493 shares of company stock worth $118,605,094. 11.64% of the stock is currently owned by insiders.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $302.28 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a market cap of $3.66 trillion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 1.78 and a beta of 1.10. The stock's fifty day moving average price is $319.12 and its two-hundred day moving average price is $289.23. Alphabet Inc. has a one year low of $140.53 and a one year high of $349.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted 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. The company had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet's dividend payout ratio (DPR) is currently 7.77%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major competitor Meta has delayed a next‑generation AI release and reportedly discussed temporarily licensing Google’s Gemini model, which could help Alphabet expand usage/licensing of its AI stack and win incremental share. Meta delays release; may license Gemini
• Positive Sentiment: Needham & Company reaffirmed a "buy" on GOOGL and set a $400 price target (~32% upside from current levels), which can support investor confidence and buying interest. Needham reiterates buy
• Positive Sentiment: Multiple reports highlight Meta falling behind on large AI models (and considering licensing Google tech), reinforcing the view that Google could capture market share in foundational models and services. Meta falling behind — Yahoo
• Positive Sentiment: Zacks highlighted Alphabet's earnings growth and price strength as reasons to watch GOOGL, supporting a constructive fundamental view after recent results. Zacks: earnings growth & price strength
• Neutral Sentiment: Google, Amazon and Meta pushing their own AI chips signals a structural shift in AI infrastructure — a long‑term positive if Google’s stack wins, but it intensifies competition with incumbents like NVIDIA and may pressure margins/capex. AI chips competition — Yahoo
• Neutral Sentiment: Google sold a partial stake in its GFiber unit and partnered to form a new independent fiber provider; this reduces direct capital burden but also trims ownership of the broadband growth asset. GFiber stake sale — CNBC
• Neutral Sentiment: Brand/PR note: Google named its London HQ "Platform 37" referencing DeepMind/AlphaGo success — modestly positive for culture/AI branding but not material to near‑term financials. Platform 37 naming — Reuters
• Negative Sentiment: UK regulator and wider regulatory scrutiny on tech safety and child protection remain overhangs for Big Tech, including Alphabet, since new rules or enforcement could increase compliance costs or constrain certain services. UK regulator warning — Sky

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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