Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Meridian Management Co.

28 Jul 2025, 15:36 by Doug Wharley · The Cerbat Gem

Meridian Management Co. lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,850 shares of the information services provider’s stock after selling 1,007 shares during the quarter. Alphabet comprises about 1.4% of Meridian Management Co.’s holdings, making the stock its 22nd largest position. Meridian Management Co.’s holdings in Alphabet were worth $4,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of GOOG. Brighton Jones LLC increased its stake in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after acquiring an additional 6,410 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Alphabet by 4.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider’s stock worth $96,465,000 after purchasing an additional 20,855 shares during the period. Schroder Investment Management Group grew its holdings in shares of Alphabet by 13.1% during the 4th quarter. Schroder Investment Management Group now owns 2,607,560 shares of the information services provider’s stock worth $496,584,000 after purchasing an additional 302,288 shares during the period. Portland Global Advisors LLC grew its holdings in shares of Alphabet by 2.1% during the 4th quarter. Portland Global Advisors LLC now owns 4,189 shares of the information services provider’s stock worth $798,000 after purchasing an additional 86 shares during the period. Finally, RWA Wealth Partners LLC grew its holdings in shares of Alphabet by 2.8% during the 4th quarter. RWA Wealth Partners LLC now owns 161,558 shares of the information services provider’s stock worth $30,767,000 after purchasing an additional 4,443 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GOOG. JPMorgan Chase & Co. boosted their target price on Alphabet from $200.00 to $232.00 and gave the stock an “overweight” rating in a report on Thursday. The Goldman Sachs Group restated a “buy” rating and issued a $220.00 price target on shares of Alphabet in a report on Monday, June 2nd. Needham & Company LLC cut Alphabet from a “buy” rating to a “cautious” rating in a report on Friday, May 2nd. Piper Sandler restated a “neutral” rating on shares of Alphabet in a report on Wednesday, July 9th. Finally, Westpark Capital restated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $215.19.

Check Out Our Latest Analysis on Alphabet

Insider Activity at Alphabet

In related news, Director Kavitark Ram Shriram sold 18,566 shares of Alphabet stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $185.76, for a total transaction of $3,448,820.16. Following the sale, the director directly owned 243,400 shares in the company, valued at $45,213,984. The trade was a 7.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 400 shares of Alphabet stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $181.98, for a total value of $72,792.00. Following the transaction, the director directly owned 6,013 shares in the company, valued at approximately $1,094,245.74. The trade was a 6.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 249,409 shares of company stock worth $43,523,710 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOG opened at $194.08 on Monday. The business’s fifty day moving average price is $176.86 and its 200 day moving average price is $174.38. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $208.70. The stock has a market capitalization of $2.36 trillion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The business had revenue of $96.43 billion for the quarter, compared to analysts’ expectations of $93.67 billion. During the same period in the previous year, the business earned $1.89 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. Equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 8th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, September 8th. Alphabet’s dividend payout ratio is currently 8.95%.

Alphabet Profile

(Free Report)