Advisors Management Group Inc. ADV Sells 280 Shares of Alphabet Inc. (NASDAQ:GOOG)

02 Jul 2025, 08:04 by Teresa Graham · The Cerbat Gem

Advisors Management Group Inc. ADV cut its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 9.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,724 shares of the information services provider’s stock after selling 280 shares during the period. Advisors Management Group Inc. ADV’s holdings in Alphabet were worth $426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. LaFleur & Godfrey LLC boosted its stake in shares of Alphabet by 1.2% during the 4th quarter. LaFleur & Godfrey LLC now owns 31,967 shares of the information services provider’s stock worth $6,088,000 after acquiring an additional 380 shares during the last quarter. Brighton Jones LLC lifted its position in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after purchasing an additional 6,410 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in Alphabet by 4.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 506,535 shares of the information services provider’s stock valued at $96,465,000 after purchasing an additional 20,855 shares in the last quarter. Dynasty Wealth Management LLC grew its holdings in Alphabet by 3.2% during the fourth quarter. Dynasty Wealth Management LLC now owns 22,134 shares of the information services provider’s stock valued at $4,215,000 after purchasing an additional 690 shares during the period. Finally, Mills Wealth Advisors LLC purchased a new stake in Alphabet in the fourth quarter worth about $271,000. 27.26% of the stock is owned by institutional investors.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $170.87, for a total value of $5,553,275.00. Following the completion of the transaction, the chief executive officer directly owned 2,620,196 shares of the company’s stock, valued at $447,712,890.52. This trade represents a 1.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $105,000.00. Following the sale, the director owned 6,813 shares in the company, valued at $1,192,275. This represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 183,143 shares of company stock valued at $30,529,028. 12.99% of the stock is owned by corporate insiders.

Alphabet Stock Down 0.3%

GOOG opened at $176.91 on Wednesday. The company has a market capitalization of $2.15 trillion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.25 and a beta of 1.01. The firm has a 50-day simple moving average of $168.84 and a two-hundred day simple moving average of $175.81. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70.

Alphabet (NASDAQ:GOOG – Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.79. The company had revenue of $90.23 billion during the quarter, compared to analyst estimates of $89.30 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.89 earnings per share. Analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a dividend of $0.21 per share. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, June 9th. Alphabet’s dividend payout ratio is currently 9.36%.

Analyst Ratings Changes

Several research firms have recently commented on GOOG. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $171.00 price objective on shares of Alphabet in a research note on Friday, April 25th. Citigroup restated a “sell” rating on shares of Alphabet in a research note on Wednesday, April 23rd. Rosenblatt Securities upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 25th. Scotiabank dropped their price target on shares of Alphabet from $232.00 to $200.00 and set a “sector outperform” rating for the company in a research report on Monday, April 21st. Finally, Citizens Jmp raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and six have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $206.38.

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