Alphabet Inc. $GOOGL Shares Sold by Atreides Management LP

Atreides Management LP trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 42.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 550,260 shares of the information services provider’s stock after selling 400,599 shares during the quarter. Alphabet makes up 2.6% of Atreides Management LP’s portfolio, making the stock its 6th biggest holding. Atreides Management LP’s holdings in Alphabet were worth $133,768,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brooktree Capital Management acquired a new position in shares of Alphabet in the second quarter worth $352,000. Griffin Asset Management Inc. boosted its stake in shares of Alphabet by 13.9% during the third quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider’s stock valued at $14,277,000 after acquiring an additional 7,180 shares during the last quarter. Sovran Advisors LLC increased its position in Alphabet by 23.6% during the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock worth $5,401,000 after purchasing an additional 4,241 shares in the last quarter. Birchcreek Wealth Management LLC increased its position in Alphabet by 2.9% during the 2nd quarter. Birchcreek Wealth Management LLC now owns 8,028 shares of the information services provider’s stock worth $1,415,000 after purchasing an additional 223 shares in the last quarter. Finally, Centerpoint Advisory Group raised its stake in Alphabet by 21.0% in the 2nd quarter. Centerpoint Advisory Group now owns 2,407 shares of the information services provider’s stock valued at $424,000 after purchasing an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $302.28 on Friday. 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 quick ratio of 2.01 and a current ratio of 2.01. The firm has a 50 day moving average price of $319.12 and a 200 day moving average price of $289.81. The company has a market cap of $3.66 trillion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.77 and a beta of 1.10.

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

Alphabet Announces Dividend

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

Insider Activity

In other news, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the sale, the director owned 18,418 shares of the company’s stock, valued at $5,580,469.82. The trade was a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,112,493 shares of company stock valued at $118,605,094 in the last 90 days. 11.64% of the stock is owned by corporate insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major competitor Meta has delayed a next‑generation AI release and reportedly discussed temporarily licensing Google’s Gemini model, which could help Alphabet expand usage/licensing of its AI stack and win incremental share. Meta delays release; may license Gemini
• Positive Sentiment: Needham & Company reaffirmed a “buy” on GOOGL and set a $400 price target (~32% upside from current levels), which can support investor confidence and buying interest. Needham reiterates buy
• Positive Sentiment: Multiple reports highlight Meta falling behind on large AI models (and considering licensing Google tech), reinforcing the view that Google could capture market share in foundational models and services. Meta falling behind — Yahoo
• Positive Sentiment: Zacks highlighted Alphabet’s earnings growth and price strength as reasons to watch GOOGL, supporting a constructive fundamental view after recent results. Zacks: earnings growth & price strength
• Neutral Sentiment: Google, Amazon and Meta pushing their own AI chips signals a structural shift in AI infrastructure — a long‑term positive if Google’s stack wins, but it intensifies competition with incumbents like NVIDIA and may pressure margins/capex. AI chips competition — Yahoo
• Neutral Sentiment: Google sold a partial stake in its GFiber unit and partnered to form a new independent fiber provider; this reduces direct capital burden but also trims ownership of the broadband growth asset. GFiber stake sale — CNBC
• Neutral Sentiment: Brand/PR note: Google named its London HQ “Platform 37” referencing DeepMind/AlphaGo success — modestly positive for culture/AI branding but not material to near‑term financials. Platform 37 naming — Reuters
• Negative Sentiment: UK regulator and wider regulatory scrutiny on tech safety and child protection remain overhangs for Big Tech, including Alphabet, since new rules or enforcement could increase compliance costs or constrain certain services. UK regulator warning — Sky

Wall Street Analyst Weigh In

GOOGL has been the topic of a number of recent research reports. Citigroup upped 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. KeyCorp set a $370.00 price target on shares of Alphabet and gave the stock an “overweight” rating in a report on Thursday, February 5th. BNP Paribas Exane started coverage on shares of Alphabet in a research report on Monday, November 24th. They issued an “outperform” rating and a $355.00 price objective for the company. Guggenheim reissued a “buy” rating and set a $375.00 price objective (up from $330.00) on shares of Alphabet in a research note on Monday, December 1st. Finally, Wall Street Zen lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $367.18.

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.