Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Knightsbridge Asset Management LLC

25 Apr 2025, 08:35 by Doug Wharley · The Cerbat Gem

Knightsbridge Asset Management LLC lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,392 shares of the information services provider’s stock after selling 2,203 shares during the period. Alphabet accounts for 2.6% of Knightsbridge Asset Management LLC’s investment portfolio, making the stock its 10th largest holding. Knightsbridge Asset Management LLC’s holdings in Alphabet were worth $11,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Compass Planning Associates Inc acquired a new position in Alphabet during the 4th quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its position in Alphabet by 518.8% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after acquiring an additional 166 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Alphabet in the fourth quarter valued at $39,000. PayPay Securities Corp grew its stake in shares of Alphabet by 36.1% during the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after purchasing an additional 65 shares during the period. Finally, Denver PWM LLC lifted its stake in shares of Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 57 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet Trading Up 2.5 %

Alphabet stock opened at $159.28 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $207.05. The firm’s 50-day moving average is $162.61 and its 200-day moving average is $175.44. The company has a market cap of $1.94 trillion, a P/E ratio of 19.79, a PEG ratio of 1.34 and a beta of 1.03.

Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. During the same period in the prior year, the business posted $1.89 EPS. On average, equities analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.53%. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio (DPR) is presently 9.94%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GOOGL. Citigroup reduced their price target on shares of Alphabet from $229.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Westpark Capital upgraded Alphabet to a “strong-buy” rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their price objective on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC restated a “buy” rating and set a $178.00 target price on shares of Alphabet in a report on Wednesday, April 16th. Finally, Wolfe Research lifted their price objective on Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $199.64.

Get Our Latest Analysis on GOOGL

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $158.56, for a total value of $5,153,200.00. Following the completion of the transaction, the chief executive officer now directly owns 2,717,696 shares in the company, valued at $430,917,877.76. This trade represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kavitark Ram Shriram sold 29,066 shares of the 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 directly owns 272,466 shares of the company’s stock, valued at approximately $50,376,238.74. The trade was a 9.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 148,163 shares of company stock valued at $25,361,647. Insiders own 11.55% of the company’s stock.

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