Alphabet Inc. $GOOGL Shares Sold by Synergy Asset Management LLC

Synergy Asset Management LLC lessened its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 54.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,786 shares of the information services provider’s stock after selling 133,317 shares during the period. Alphabet makes up about 3.6% of Synergy Asset Management LLC’s portfolio, making the stock its 6th largest holding. Synergy Asset Management LLC’s holdings in Alphabet were worth $34,363,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. PMV Capital Advisers LLC bought a new stake in Alphabet during the fourth quarter worth $38,000. iSAM Funds UK Ltd bought a new position in shares of Alphabet in the 3rd quarter valued at $53,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Alphabet during the 3rd quarter worth $53,000. Corsicana & Co. acquired a new position in shares of Alphabet during the 3rd quarter worth $54,000. Finally, Sellwood Investment Partners LLC bought a new stake in shares of Alphabet during the 3rd quarter worth $63,000. 40.03% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,818,524 shares of the company’s stock, valued at $856,605,814.08. This trade represents a 1.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total value of $284,590.00. Following the transaction, the chief accounting officer directly owned 9,918 shares in the company, valued at $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 2,092,234 shares of company stock valued at $112,487,971 in the last quarter. Insiders own 11.64% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $297.39 on Thursday. The business has a 50 day moving average of $310.63 and a 200-day moving average of $295.97. The company has a market capitalization of $3.60 trillion, a P/E ratio of 27.51, a P/E/G ratio of 1.76 and a beta of 1.12. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The business had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. On average, equities research analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were 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 was Monday, March 9th. Alphabet’s payout ratio is 7.77%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, February 9th. BMO Capital Markets reissued an “outperform” rating and issued a $400.00 target price on shares of Alphabet in a report on Thursday, February 5th. Barclays restated an “overweight” rating and issued a $360.00 price target (up from $315.00) on shares of Alphabet in a research note on Thursday, February 5th. President Capital lifted their price target on shares of Alphabet from $323.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Sanford C. Bernstein upped their price objective on shares of Alphabet from $305.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $368.06.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Wells Fargo raised its price target to $397, citing growing opportunities to monetize Google Cloud — a direct positive for revenue growth and valuation expectations. Wells Fargo raises PT
• Positive Sentiment: Needham reiterated a Buy with a $400 target, reinforcing buy-side analyst conviction and supporting upside narratives for the stock. Needham reiterates Buy
• Positive Sentiment: Google launched Veo 3.1 Lite — a lower?cost AI video model — which should accelerate adoption of Google’s video AI tools and expand addressable market for cloud AI services. Google unveils cheaper AI video model
• Positive Sentiment: Bloomberg/press reports that Google plans a screenless Fitbit band later this year — a small but positive product diversification play that could help hardware revenue and ecosystem engagement. Google readies screenless Fitbit
• Positive Sentiment: Several outlets highlight recent analyst upgrades and buy-side interest (including a MarketBeat feature listing Alphabet among core AI/cloud plays), reinforcing momentum into mega?caps when market breadth favors growth. MarketBeat AI cloud list
• Neutral Sentiment: Zacks and Benzinga pieces note Alphabet outpaced the market and benefited from broad sector strength — helpful context but not a company-specific fundamental change. Zacks: Outpaced market
• Neutral Sentiment: Alphabet issued long?dated debt (including a 100?year tranche), a signal of financing flexibility and confidence in cash flows; bond activity is generally neutral for near?term equity moves but relevant for capital structure. Alphabet taps debt markets
• Negative Sentiment: Billionaire Ray Dalio trimmed his Alphabet stake — a headline that can stoke short?term selling or be read as portfolio rebalancing by large holders. Dalio reduces position
• Negative Sentiment: Child development experts petitioned Google to block AI?generated videos aimed at kids and Indonesia summoned Google over child social?media rules — regulatory and content?risk headlines that could pressure YouTube monetization and increase moderation costs. Experts urge Google on AI videos Indonesia summons Google

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.