Alphabet Inc. $GOOGL Shares Sold by Delta Global Management LP

Delta Global Management LP lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 106,933 shares of the information services provider’s stock after selling 5,490 shares during the quarter. Alphabet makes up approximately 1.5% of Delta Global Management LP’s portfolio, making the stock its 12th biggest holding. Delta Global Management LP’s holdings in Alphabet were worth $33,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in GOOGL. CIBC Bancorp USA Inc. purchased a new stake in shares of Alphabet in the third quarter valued at approximately $416,217,000. NewEdge Wealth LLC increased its holdings in shares of Alphabet by 11.8% in the fourth quarter. NewEdge Wealth LLC now owns 887,209 shares of the information services provider’s stock valued at $277,696,000 after purchasing an additional 93,293 shares during the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $28,902,000. Private Advisory Group LLC increased its holdings in shares of Alphabet by 12.2% in the fourth quarter. Private Advisory Group LLC now owns 24,717 shares of the information services provider’s stock valued at $7,736,000 after purchasing an additional 2,678 shares during the last quarter. Finally, Berkshire Hathaway Inc acquired a new stake in shares of Alphabet in the third quarter valued at approximately $4,338,397,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder 2019 Gp L.L.C. Gv sold 87,475 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $23.75, for a total value of $2,077,531.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Kent Walker sold 8,993 shares of the stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the completion of the transaction, the insider owned 51,808 shares of the company’s stock, valued at $14,293,309.12. The trade was a 14.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 159,466 shares of company stock valued at $6,957,543 in the last ninety days. Company insiders own 11.61% of the company’s stock.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: HSBC announced a multi-year partnership with Google Cloud to expand its AI capabilities, reinforcing Alphabet’s cloud momentum and potential enterprise revenue growth. HSBC partners with Google Cloud to expand AI usage
• Positive Sentiment: Google released Android 17 and Wear OS 7, while also adding new Gemini AI features and Pixel device upgrades, highlighting continued product innovation and deeper AI integration across its ecosystem. Android 17 launches with new multitasking tools as Google expands Gemini features
• Positive Sentiment: Google Cloud also landed a strategic partnership with Ineffable Intelligence, another sign that enterprises and AI startups are choosing Alphabet’s infrastructure for frontier AI development. Ineffable Intelligence Selects Google Cloud To Power Its Superintelligence Mission
• Neutral Sentiment: Several recent commentary pieces continued to frame Alphabet as a favorite large-cap AI name and a possible long-term winner, which may be supporting investor sentiment but does not reflect a new fundamental announcement. Alphabet: Still A Big Tech Pick To ‘Buy’ Now
• Neutral Sentiment: Google’s disclosure about Chinese-linked hackers targeting research facilities underscores its cybersecurity and threat-detection role, but the story is more about security awareness than a direct business driver. Chinese-linked hackers targeted U.S.,Canadian research facilities for a year, Google says
• Negative Sentiment: A separate report noted a small student walkout and boos during CEO Sundar Pichai’s Stanford commencement appearance, which is unlikely to affect fundamentals but adds a minor reputational headwind. Sundar Pichai faces boos, walkout at Stanford graduation ceremony over Google’s Israel, ICE ties

Wall Street Analyst Weigh In

Several research firms recently commented on GOOGL. Citizens Jmp reaffirmed a “market outperform” rating and issued a $515.00 price target on shares of Alphabet in a report on Wednesday, May 20th. New Street Research increased their price target on Alphabet from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, June 5th. Rothschild & Co Redburn increased their price target on Alphabet from $390.00 to $430.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.13.

Alphabet Trading Up 1.1%

Shares of Alphabet stock opened at $373.25 on Wednesday. The firm has a market capitalization of $4.52 trillion, a price-to-earnings ratio of 28.47, a PEG ratio of 1.58 and a beta of 1.23. Alphabet Inc. has a fifty-two week low of $162.00 and a fifty-two week high of $408.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a 50 day moving average of $363.48 and a 200 day moving average of $331.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, April 29th. The information services provider reported $5.11 earnings per share for the quarter, topping the consensus estimate of $2.64 by $2.47. The company had revenue of $109.90 billion during the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%. As a group, research analysts predict that Alphabet Inc. will post 14.3 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a $0.22 dividend. The ex-dividend date was Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.2%. Alphabet’s dividend payout ratio (DPR) is currently 6.71%.

About Alphabet

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.