Alphabet Inc.

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Alphabet Inc. stock analysis GOOG overview
Bullish +55

Alphabet Inc. $GOOGL Shares Sold by Alight Capital Management LP

📉 Alight Capital Management LP cut its Alphabet holdings by 64.7% in Q4, reducing its stake to 30,000 shares worth $9.39 million.

📈 CIBC Bancorp USA Inc. acquired a new position in GOOGL valued at approximately $416.2 million during the third quarter.

📈 NewEdge Wealth LLC increased its Alphabet holdings by 11.8% in Q4, now owning 887,209 shares worth $277.7 million.

📈 Berkshire Hathaway Inc. established a new position in GOOGL valued at $4.34 billion in the third quarter.

💰 Alphabet paid a quarterly dividend of $0.22 per share on June 15th, marking an increase from the previous quarter's payout.

📊 The stock currently trades at a market cap of $4.41 trillion with a P/E ratio of 27.75 and a beta of 1.23.

🔍 Analyst consensus targets GOOGL at $413.13, supported by recent upgrades from Goldman Sachs and Canaccord Genuity to $450 price targets.

💸 Corporate insiders sold 159,466 shares worth $6.96 million in the last 90 days, including a significant sale by John Kent Walker.

Bullish Signals
  • Major institutional investors like CIBC Bancorp USA Inc. and Berkshire Hathaway Inc. have established or significantly increased new positions in Alphabet.
  • Alphabet raised its quarterly dividend from $0.21 to $0.22 per share, signaling confidence in cash flow generation.
  • Top-tier analysts including Goldman Sachs, Canaccord Genuity, and Roth MKM upgraded their price targets to $450.00 with 'Buy' ratings.
  • The stock is trading above its 200-day moving average of $331.35, indicating a medium-term uptrend.
  • Institutional ownership stands at 40.03%, reflecting strong confidence from large asset managers and hedge funds.
Risk Factors
  • Alight Capital Management LP reduced its stake by 64.7% in the fourth quarter, indicating a lack of interest from this specific institutional holder.
  • Corporate insiders sold a total of 159,466 shares worth $6.96 million over the last 90 days, suggesting some profit-taking or portfolio rebalancing.
  • The stock is currently trading below its 50-day moving average of $364.75, which could indicate short-term consolidation or weakness.
Full Analysis
Alight Capital Management LP significantly reduced its position in Alphabet Inc. (GOOGL) by 64.7% in the fourth quarter, selling 55,000 shares to retain only 30,000 shares valued at $9.39 million. While Alight's stake remains its 12th largest holding at 2.4%, other institutional investors have increased their exposure. CIBC Bancorp USA Inc. established a new position worth approximately $416 million, and NewEdge Wealth LLC grew its holdings by 11.8% to own 887,209 shares valued at $277.7 million. Retail Employees Superannuation Pty Ltd and Private Advisory Group LLC also acquired or boosted their positions in the fourth quarter, with values of $28.9 million and a 12.2% increase respectively. Berkshire Hathaway Inc. entered the market with a new position valued at $4.34 billion during the third quarter. Collectively, institutional investors and hedge funds now own 40.03% of the company's outstanding stock. Alphabet reported a quarterly dividend paid on June 15th to shareholders of record as of June 8th, amounting to $0.22 per share. This represents an increase from the previous quarterly payout of $0.21, resulting in an annualized yield of 0.2% and a payout ratio of 6.71%. The stock recently opened at $363.79, trading above its 200-day moving average of $331.35 but below its 50-day average of $364.75. Analyst sentiment remains largely positive with a consensus price target of $413.13 and an average rating of 'Moderate Buy'. Major firms like Canaccord Genuity, Roth MKM, and Goldman Sachs upgraded their target prices to $450.00 with 'Buy' ratings in late April. However, insider selling activity was notable, with corporate insiders selling 159,466 shares worth approximately $6.96 million over the last 90 days.