Alphabet Inc. $GOOGL Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 8.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 287,528 shares of the information services provider’s stock after selling 25,077 shares during the quarter. Alphabet accounts for 1.0% of Atria Investments Inc’s holdings, making the stock its 11th largest position. Atria Investments Inc’s holdings in Alphabet were worth $89,996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mainsail Asset Management LLC boosted its stake in shares of Alphabet by 5.0% during the 4th quarter. Mainsail Asset Management LLC now owns 1,817 shares of the information services provider’s stock valued at $569,000 after buying an additional 87 shares during the period. Foundry Financial Group Inc. raised its holdings in shares of Alphabet by 27.5% during the 4th quarter. Foundry Financial Group Inc. now owns 1,318 shares of the information services provider’s stock valued at $413,000 after purchasing an additional 284 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in shares of Alphabet by 11.3% during the 4th quarter. Catalyst Financial Partners LLC now owns 35,996 shares of the information services provider’s stock valued at $11,267,000 after purchasing an additional 3,657 shares in the last quarter. Moneco Advisors LLC raised its holdings in shares of Alphabet by 0.7% during the 4th quarter. Moneco Advisors LLC now owns 46,055 shares of the information services provider’s stock valued at $14,415,000 after purchasing an additional 310 shares in the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. raised its holdings in Alphabet by 241.4% in the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 8,302 shares of the information services provider’s stock worth $2,673,000 after acquiring an additional 5,870 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $393.26, for a total transaction 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 filing with the SEC, which is accessible through this link. 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 stock was sold at an average price of $23.75, for a total value of $2,077,531.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 225,516 shares of company stock worth $27,142,399 over the last ninety days. 11.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GOOGL. Truist Financial set a $430.00 target price on shares of Alphabet and gave the stock a “buy” rating in a report on Friday. President Capital lifted their target price on shares of Alphabet from $375.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. DA Davidson lifted their target price on shares of Alphabet from $300.00 to $310.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Roth Mkm reiterated a “buy” rating on shares of Alphabet in a report on Thursday, April 30th. Finally, Mizuho lifted their target price on shares of Alphabet from $420.00 to $460.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.33.

Alphabet Stock Down 1.0%

GOOGL opened at $376.37 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.92 and a quick ratio of 1.92. The business has a 50 day simple moving average of $347.16 and a 200-day simple moving average of $325.75. The stock has a market capitalization of $4.56 trillion, a P/E ratio of 28.71, a P/E/G ratio of 1.63 and a beta of 1.26. Alphabet Inc. has a 12 month low of $162.00 and a 12 month high of $408.61.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, beating the consensus estimate of $2.64 by $2.47. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm had revenue of $109.90 billion during the quarter, compared to the consensus estimate of $106.98 billion. On average, equities analysts anticipate that Alphabet Inc. will post 14.29 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is 6.71%.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway’s $10 billion commitment gives Alphabet a high-profile endorsement and suggests long-term confidence in the company’s AI and cloud strategy. Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion
• Positive Sentiment: Alphabet’s ownership stakes in major private AI companies like SpaceX and Anthropic could provide hidden upside if those firms eventually go public. Alphabet Stock Offers Exposure To SpaceX, Anthropic Before IPOs: What That Means For Investors
• Neutral Sentiment: Coverage of Alphabet’s expanding AI coding, hardware, and consumer-device strategy underscores the company’s push to compete more aggressively, but it does not appear to be the immediate stock-moving catalyst today. Microsoft and Google are late to AI coding, but ‘absolutely critical’ they compete for growth
• Negative Sentiment: Alphabet’s proposed $80 billion capital raise is raising dilution concerns and signaling much heavier near-term AI capex, which is pressuring the shares. Exclusive: EU cloud rules to curb Amazon, Google access to strategic tenders, draft document shows
• Negative Sentiment: Reports that EU cloud rules could restrict Google’s access to strategic government tenders add another regulatory overhang for the company’s cloud business. Alphabet to raise $80 billion in equity capital for AI spending

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.