Pallas Capital Advisors LLC Decreases Stake in Alphabet Inc. $GOOG

Pallas Capital Advisors LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,344 shares of the information services provider’s stock after selling 1,977 shares during the period. Pallas Capital Advisors LLC’s holdings in Alphabet were worth $18,106,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. University of Illinois Foundation purchased a new position in Alphabet in the second quarter worth approximately $31,000. Manning & Napier Advisors LLC purchased a new position in shares of Alphabet in the third quarter valued at approximately $32,000. Horrell Capital Management Inc. grew its stake in shares of Alphabet by 100.0% in the second quarter. Horrell Capital Management Inc. now owns 200 shares of the information services provider’s stock worth $35,000 after acquiring an additional 100 shares in the last quarter. LGT Financial Advisors LLC acquired a new position in Alphabet during the 2nd quarter worth $37,000. Finally, Briaud Financial Planning Inc acquired a new position in shares of Alphabet during the second quarter worth about $39,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity

In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were 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 of the company’s stock, valued at $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,079,982 shares of company stock valued at $109,267,889 over the last quarter. Corporate 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: Big AI partnerships and product wins reinforce growth thesis — Google announced partnerships to build AI tools with Sea Ltd and is rolling music?focused generative AI (Gemini) into consumer apps, underlining continued enterprise and consumer AI monetization opportunities. Google, Shopee-owner Sea to develop AI tools Google Gemini, Apple add music-focused generative AI features
• Positive Sentiment: Strategic infrastructure and international AI push — Alphabet unveiled the America?India Connect initiative and committed substantial funding to an AI hub, supporting long?term cloud and data?center demand for Google Cloud. Alphabet Unveils America-India Connect
• Positive Sentiment: Street bullishness on AI growth — Analysts and newsletters have issued upgrades and higher targets (including a Seeking Alpha/TipRanks bullish take and DZ Bank strong?buy), which supports upside expectations for ad, cloud and Gemini monetization. Gemini and Google Cloud analysis TipRanks price-target note
• Neutral Sentiment: Product/partner news with limited near?term revenue impact — Google launched the $499 Pixel 10a and a Google Cloud partner (Alludium) gained Select status; useful for ecosystem depth but unlikely to move near?term earnings materially. Google debuts $499 Pixel 10a Alludium Google Cloud Select partner
• Negative Sentiment: Regulatory/headline risk for Waymo — New York dropped a robotaxi expansion plan outside NYC, and Waymo faces scrutiny over remote assistance practices; any regulatory constraints or reputational hits could slow Waymo commercialization and raise costs. NY drops robotaxi proposal
• Negative Sentiment: Capital?structure and capex concerns — Coverage flagged Alphabet’s issuance of an unusually long?dated financing (100?year bond) and the company’s very large AI/data?center CapEx outlook; investors worry near?term margins and free cash flow could be pressured even if the long?term moat strengthens. 100-year bond analysis CapEx discussion
• Negative Sentiment: Institutional trimming & insider selling — Several funds trimmed positions in 13F filings and a director sold a small block; combined with profit?taking after the strong run, this adds selling pressure despite longer?term buyers. Director sale filing

Alphabet Price Performance

GOOG stock opened at $303.56 on Friday. The firm has a market cap of $3.67 trillion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The stock has a 50-day simple moving average of $320.86 and a 200-day simple moving average of $278.09. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. The firm 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%.Alphabet’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.15 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s dividend payout ratio is 7.77%.

Analysts Set New Price Targets

GOOG has been the topic of a number of recent analyst reports. Canaccord Genuity Group increased their price objective on Alphabet from $330.00 to $390.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Rosenblatt Securities set a $279.00 price target on Alphabet in a report on Thursday, October 30th. Oppenheimer reissued an “outperform” rating and issued a $360.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $370.00 target price on shares of Alphabet in a research note on Tuesday, January 20th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $345.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Eight research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of “Buy” and an average target price of $343.90.

Alphabet 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.