Pallas Capital Advisors LLC lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 11.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 152,147 shares of the information services provider’s stock after selling 19,182 shares during the period. Alphabet accounts for 1.6% of Pallas Capital Advisors LLC’s holdings, making the stock its 8th largest position. Pallas Capital Advisors LLC’s holdings in Alphabet were worth $47,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also bought and sold shares of the stock. Elevatus Welath Management grew its position in Alphabet by 13.5% in the fourth quarter. Elevatus Welath Management now owns 10,805 shares of the information services provider’s stock valued at $3,382,000 after acquiring an additional 1,288 shares during the period. Petros Family Wealth LLC lifted its holdings in shares of Alphabet by 49.5% during the fourth quarter. Petros Family Wealth LLC now owns 7,980 shares of the information services provider’s stock valued at $2,498,000 after acquiring an additional 2,641 shares during the period. True Vision MN LLC lifted its holdings in shares of Alphabet by 2.2% during the fourth quarter. True Vision MN LLC now owns 4,052 shares of the information services provider’s stock valued at $1,268,000 after acquiring an additional 88 shares during the period. Wolff Wiese Magana LLC boosted its stake in shares of Alphabet by 0.5% in the 4th quarter. Wolff Wiese Magana LLC now owns 7,615 shares of the information services provider’s stock valued at $2,384,000 after purchasing an additional 37 shares in the last quarter. Finally, Verum Partners LLC grew its holdings in shares of Alphabet by 5.8% in the 4th quarter. Verum Partners LLC now owns 5,566 shares of the information services provider’s stock worth $1,742,000 after purchasing an additional 307 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.
Alphabet Price Performance
Shares of GOOGL stock opened at $295.77 on Friday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $309.93 and its 200-day moving average is $295.97. The firm has a market capitalization of $3.58 trillion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.82 and a beta of 1.12.
Alphabet Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is 7.77%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Alphabet from $375.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Pivotal Research upped their price objective on shares of Alphabet from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Alphabet from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Bank of America boosted their target price on Alphabet from $335.00 to $370.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Monday, February 9th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $367.33.
Check Out Our Latest Analysis on GOOGL
Alphabet News Roundup
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
Insider Activity at Alphabet
In other news, insider John Kent Walker sold 8,993 shares of the company’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the transaction, the insider owned 51,808 shares of the company’s stock, valued at $14,293,309.12. This represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the transaction, the chief executive officer owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. This represents a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,101,227 shares of company stock valued at $114,969,050 over the last quarter. 11.64% of the stock is currently owned by corporate insiders.
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.
Further Reading
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