Alphabet Inc. (NASDAQ:GOOGL) Position Cut by Deutsche Bank AG

08 May 2025, 11:32 by Amy Steele · The Cerbat Gem

Deutsche Bank AG lowered its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,064,965 shares of the information services provider’s stock after selling 3,533,022 shares during the quarter. Alphabet makes up approximately 2.9% of Deutsche Bank AG’s portfolio, making the stock its 4th biggest position. Deutsche Bank AG’s holdings in Alphabet were worth $7,394,998,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Dunhill Financial LLC increased its stake in Alphabet by 22.7% in the 4th quarter. Dunhill Financial LLC now owns 7,587 shares of the information services provider’s stock valued at $1,436,000 after buying an additional 1,402 shares during the period. Duquesne Family Office LLC acquired a new position in shares of Alphabet during the fourth quarter worth about $14,516,000. Eagle Global Advisors LLC raised its holdings in Alphabet by 0.4% during the fourth quarter. Eagle Global Advisors LLC now owns 182,790 shares of the information services provider’s stock worth $34,602,000 after purchasing an additional 735 shares in the last quarter. Colonial Trust Co SC boosted its holdings in Alphabet by 7.1% in the 4th quarter. Colonial Trust Co SC now owns 56,723 shares of the information services provider’s stock valued at $10,738,000 after purchasing an additional 3,737 shares in the last quarter. Finally, Cornerstone Select Advisors LLC acquired a new position in Alphabet during the 4th quarter worth approximately $766,000. 40.03% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

Shares of NASDAQ GOOGL opened at $151.38 on Thursday. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The stock has a market capitalization of $1.84 trillion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.34 and a beta of 1.01. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $159.54 and its 200 day simple moving average is $175.25.

Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, topping the consensus estimate of $2.02 by $0.79. The company had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same period last year, the company posted $1.89 earnings per share. As a group, sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.55%. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio is presently 9.36%.

Insider Transactions at Alphabet

In related news, Director Kavitark Ram Shriram sold 29,066 shares of Alphabet stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $184.89, for a total value of $5,374,012.74. Following the transaction, the director now owns 272,466 shares in the company, valued at $50,376,238.74. This trade represents a 9.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 2,824 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $187.43, for a total value of $529,302.32. Following the sale, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at approximately $2,815,948.32. The trade was a 15.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,824 shares of company stock valued at $25,086,603 over the last quarter. Company insiders own 11.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GOOGL. Jefferies Financial Group dropped their price objective on Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, March 31st. UBS Group set a $195.00 price target on shares of Alphabet in a research note on Friday, April 25th. BMO Capital Markets reiterated an “outperform” rating and issued a $200.00 price objective (down previously from $230.00) on shares of Alphabet in a research note on Thursday, April 17th. DZ Bank lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $198.00 target price on the stock. in a research report on Thursday, February 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Alphabet in a research note on Wednesday, April 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $199.46.

Check Out Our Latest Stock Analysis on GOOGL

About Alphabet

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