J. L. Bainbridge & Co. Inc. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 260,133 shares of the information services provider’s stock after selling 6,355 shares during the quarter. Alphabet accounts for about 6.6% of J. L. Bainbridge & Co. Inc.’s portfolio, making the stock its 3rd largest position. J. L. Bainbridge & Co. Inc.’s holdings in Alphabet were worth $81,422,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of GOOGL. PMV Capital Advisers LLC purchased a new stake in Alphabet during the 4th quarter worth about $38,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Alphabet in the 3rd quarter valued at about $53,000. iSAM Funds UK Ltd purchased a new position in shares of Alphabet in the 3rd quarter valued at about $53,000. Corsicana & Co. acquired a new position in shares of Alphabet during the third quarter worth about $54,000. Finally, Vermillion & White Wealth Management Group LLC grew its position in shares of Alphabet by 37.9% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 324 shares of the information services provider’s stock worth $57,000 after buying an additional 89 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Alphabet Stock Down 0.5%
GOOGL stock opened at $295.77 on Friday. The stock has a market cap of $3.58 trillion, a P/E ratio of 27.36, a PEG ratio of 1.82 and a beta of 1.12. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $349.00. The company’s 50 day moving average is $309.93 and its two-hundred day moving average is $295.97.
Alphabet Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 7.77%.
Insider Activity at Alphabet
In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider directly owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. This trade represents a 78.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 2,101,227 shares of company stock worth $114,969,050. Insiders own 11.64% of the company’s stock.
Alphabet News Summary
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Analysts remain constructive: several outlets note continued Buy/Outperform ratings on Alphabet driven by cloud monetization and AI opportunity — Wells Fargo kept an overweight stance (while trimming targets), signaling upside remains despite lower PTs. Ahead of Meta, Alphabet earnings, Wells Fargo keeps overweight, cuts PTs
- Positive Sentiment: Market/analyst commentary highlights Alphabet’s AI upside — an Outperform rating specifically cites AI growth potential as a driver for long?term revenue and cloud monetization. Alphabet (GOOGL) Rated Outperform on AI Growth Potential
- Positive Sentiment: Product & tech advances: coverage of Google’s Gemma 4 and reporting on the TurboQuant breakthrough reinforce Alphabet’s lead in model and efficiency advances — positive for future monetization and competitive moat. Google’s Gemma 4 brings AI superpowers to your device Google’s TurboQuant Breakthrough Just Rewrote the AI Playbook
- Neutral Sentiment: Talent movement: Broadcom named Alphabet executive Amie Thuener as its next CFO — a notable departure but not an earnings item; monitor succession and any operational impact. Broadcom taps Alphabet executive Amie Thuener as next CFO
- Negative Sentiment: Near?term cash?flow risk: Semianalysis’ CEO warned AI capex could push Google’s free cash flow toward zero next year, feeding investor worries about heavy, multi?year spending before full monetization. Semianalysis CEO: Google’s free cash flow will hit zero next year from AI capex
- Negative Sentiment: Regulatory/reputational pressure: EU hospitality groups and child?development experts are urging scrutiny of Google’s search rankings and AI video recommendations, raising potential regulatory and compliance risks in Europe and for YouTube. EU hospitality groups raise concerns over Google search rankings Experts urged Google to prohibit AI Videos targeting young YouTube users
- Negative Sentiment: Insider selling: An SEC filing shows a senior executive sold ~9k shares in late March — a modest but visible reduction in insider ownership that can prompt short?term concern. John Kent Walker insider sale disclosure
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on GOOGL. Citigroup raised their target price on shares of Alphabet from $350.00 to $390.00 and gave the company a “buy” rating in a report on Friday, February 6th. Rosenblatt Securities boosted their price target on shares of Alphabet from $279.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. KeyCorp set a $370.00 price objective on shares of Alphabet and gave the company an “overweight” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Alphabet from $370.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research note on Monday, February 9th. Three analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.33.
Read Our Latest Research Report on Alphabet
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.
See Also
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