Triasima Portfolio Management inc. Sells 2,327 Shares of Alphabet Inc. $GOOGL

Key Points

• Triasima Portfolio Management cut its Alphabet stake by 4.8% in the fourth quarter, selling 2,327 shares and leaving it with 46,316 shares valued at about $14.5 million.
• Alphabet’s latest earnings beat expectations, with EPS of $5.11 versus $2.64 expected and revenue of $109.9 billion topping estimates, while analysts remain broadly upbeat with a consensus Moderate Buy rating.
• The company is leaning hard into AI and cloud, highlighted by strong Google Cloud growth, new AI search and ad products, and a $15 billion data center investment, though antitrust appeals and Waymo safety issues remain key risks.

Triasima Portfolio Management inc. reduced its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 46,316 shares of the information services provider's stock after selling 2,327 shares during the quarter. Alphabet accounts for 2.2% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 8th largest position. Triasima Portfolio Management inc.'s holdings in Alphabet were worth $14,497,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Symmetry Partners LLC lifted its holdings in shares of Alphabet by 0.4% in the 4th quarter. Symmetry Partners LLC now owns 7,912 shares of the information services provider's stock worth $2,476,000 after acquiring an additional 30 shares during the last quarter. Members Trust Co increased its stake in Alphabet by 0.5% during the 4th quarter. Members Trust Co now owns 6,434 shares of the information services provider's stock worth $2,014,000 after buying an additional 31 shares during the period. Altfest L J & Co. Inc. increased its stake in Alphabet by 0.4% during the 4th quarter. Altfest L J & Co. Inc. now owns 7,952 shares of the information services provider's stock worth $2,489,000 after buying an additional 31 shares during the period. Lifelong Wealth Advisors Inc. increased its stake in Alphabet by 1.9% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,728 shares of the information services provider's stock worth $541,000 after buying an additional 33 shares during the period. Finally, White Wing Wealth Management increased its stake in Alphabet by 2.9% during the 4th quarter. White Wing Wealth Management now owns 1,155 shares of the information services provider's stock worth $362,000 after buying an additional 33 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Q1 results were highlighted as one of the strongest among the Mag 7, with Google Cloud showing accelerating sales growth and broader AI momentum helping investor sentiment. Alphabet and NVIDIA: The Biggest Mag 7 Winners This Earnings Season
• Positive Sentiment: Google’s I/O announcements continued to reinforce Alphabet’s AI story, including new AI search experiences, agent tools, and upcoming AI glasses that suggest the company is expanding beyond traditional search. We tried Google's AI glasses and they're almost there
• Positive Sentiment: Analysts remain constructive on the stock, with multiple firms reiterating positive views and new AI ad formats seen as potentially boosting conversions and monetization in Search and Commerce. Alphabet's new AI ad formats seen boosting conversions and spending
• Positive Sentiment: Google unveiled a $15 billion Missouri data center investment, underscoring continued capital spending to support AI infrastructure and cloud demand. Google Unveils $15 Billion Missouri Data Center Investment
• Neutral Sentiment: Several articles discussed Google’s revamped AI-driven search experience and agent ecosystem, which are strategically important but still too early to measure their near-term financial impact. Google is pitching an AI agent ecosystem to consumers who may not buy it
• Negative Sentiment: Waymo temporarily suspended service in multiple cities after robotaxis drove into flooded roads, adding another safety and execution concern for Alphabet’s autonomous vehicle unit. Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes
• Negative Sentiment: Google’s appeal of the antitrust ruling remains the biggest overhang, since a loss or forced remedies could eventually weigh on the company’s core search and advertising economics. Google appeals US court ruling on search monopoly

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business's 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 completion of the transaction, the chief executive officer owned 1,674,560 shares in the company, valued at $508,028,012.80. The trade was a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the transaction, the director owned 3,581 shares of the company's stock, valued at $1,187,638.65. This trade represents a 22.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 226,481 shares of company stock worth $27,422,061 over the last ninety days. 11.61% of the stock is currently owned by insiders.

Alphabet Trading Down 1.2%

NASDAQ GOOGL opened at $382.97 on Friday. 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 52 week low of $162.00 and a 52 week high of $408.61. The stock has a market capitalization of $4.64 trillion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26. The firm has a 50 day moving average of $337.75 and a two-hundred day moving average of $321.26.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.64 by $2.47. 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 analysts' expectations of $106.98 billion. As a group, research analysts expect that Alphabet Inc. will post 14.29 EPS for the current fiscal year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be issued a dividend of $0.22 per share. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is presently 6.41%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GOOGL. The Goldman Sachs Group upped their target price on shares of Alphabet from $400.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alphabet in a research note on Monday, April 20th. Phillip Securities upped their target price on shares of Alphabet from $340.00 to $395.00 and gave the stock a "moderate buy" rating in a research note on Wednesday, April 15th. Truist Financial upped their target price on shares of Alphabet from $385.00 to $415.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Morgan Stanley upped their target price on shares of Alphabet from $330.00 to $375.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Two investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $412.65.

Alphabet Company 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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