Alphabet Inc. $GOOG Shares Sold by Alta Capital Management LLC

Alta Capital Management LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 35.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,000 shares of the information services provider’s stock after selling 7,000 shares during the period. Alta Capital Management LLC’s holdings in Alphabet were worth $4,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ring Mountain Capital LLC increased its holdings in shares of Alphabet by 0.9% during the 4th quarter. Ring Mountain Capital LLC now owns 3,554 shares of the information services provider’s stock worth $1,174,000 after buying an additional 30 shares during the last quarter. Cannon Financial Strategists Inc. increased its holdings in shares of Alphabet by 1.9% during the 4th quarter. Cannon Financial Strategists Inc. now owns 1,589 shares of the information services provider’s stock worth $499,000 after buying an additional 30 shares during the last quarter. HRC Wealth Management LLC increased its holdings in shares of Alphabet by 1.0% during the 4th quarter. HRC Wealth Management LLC now owns 3,231 shares of the information services provider’s stock worth $1,014,000 after buying an additional 31 shares during the last quarter. Certior Financial Group LLC increased its holdings in shares of Alphabet by 3.5% during the 4th quarter. Certior Financial Group LLC now owns 919 shares of the information services provider’s stock worth $288,000 after buying an additional 31 shares during the last quarter. Finally, Avaii Wealth Management LLC increased its holdings in shares of Alphabet by 2.3% during the 4th quarter. Avaii Wealth Management LLC now owns 1,437 shares of the information services provider’s stock worth $451,000 after buying an additional 32 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $384.83 on Thursday. 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 stock has a market capitalization of $4.66 trillion, a P/E ratio of 29.35, a PEG ratio of 1.65 and a beta of 1.25. The company has a 50 day moving average price of $340.34 and a 200 day moving average price of $323.19. Alphabet Inc. has a fifty-two week low of $163.33 and a fifty-two week high of $404.47.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, April 30th. The information services provider reported $5.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $2.43. The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted $2.81 EPS. Equities research analysts forecast that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 0.2%. This is a boost from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio is 6.41%.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares of the company’s stock, valued at $2,955,564. This trade represents a 8.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. This represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 226,481 shares of company stock worth $27,422,061 over the last three months. 12.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $450.00 price target on shares of Alphabet in a report on Thursday, May 21st. UBS Group restated a “neutral” rating and set a $348.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Phillip Securities downgraded shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Wednesday, April 15th. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research report on Monday, February 16th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $425.00 price objective on shares of Alphabet in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $372.65.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Investors are encouraged by Alphabet’s push to monetize AI in Search, including Gemini-powered ad formats and conversational ads that could expand search advertising revenue. Google Wants Ads to Talk Back in AI Search
• Positive Sentiment: Alphabet is also seeing bullish attention around its AI stack and cloud business, with coverage highlighting TPUs, AI compute services, and product momentum that could support long-term growth. Alphabet Ties AI Hardware Cloud And Ads As EU Scrutiny Rises
• Positive Sentiment: Recent analyst and market commentary remains constructive, with multiple reports pointing to strong prior earnings, elevated price targets, and continued investor interest in GOOG. GOOGL’s Innovative Ad Format to Boost Search Growth: What’s Ahead?
• Neutral Sentiment: News that a Google engineer was charged with insider trading on Polymarket is negative for headlines, but it appears to be an individual legal issue rather than a companywide operational problem. Google Employee Charged With Insider Trading on Polymarket
• Neutral Sentiment: Competitor and user-behavior articles suggest some users are testing alternatives like DuckDuckGo after Google’s AI Search overhaul, highlighting possible search-share pressure, though the long-term impact is still unclear. Some users may be giving Google’s AI search the bird, and DuckDuckGo is benefiting
• Negative Sentiment: Alphabet faces mounting regulatory risk, including reports that the EU may issue a record fine over alleged search monopoly practices, which could weigh on sentiment. Market Chatter: Alphabet’s Google Nears Record European Union Fine Over Alleged Search Monopoly
• Negative Sentiment: Several stories also say Google’s AI search redesign is pushing some users and marketers to rethink reliance on Google, which raises concern that AI changes could disrupt the traditional search ad model. OpenAI is building a new kind of ad machine. Early data suggests Google should worry.

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.