IHT Wealth Management LLC Trims Stake in Alphabet Inc. (NASDAQ:GOOG)

21 Apr 2025, 10:00 by Doug Wharley · The Cerbat Gem

IHT Wealth Management LLC lowered its position in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 25.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,092 shares of the information services provider’s stock after selling 29,056 shares during the quarter. IHT Wealth Management LLC’s holdings in Alphabet were worth $16,586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet during the 4th quarter valued at $27,000. LSV Asset Management bought a new position in Alphabet during the fourth quarter valued at approximately $27,000. WealthTrak Capital Management LLC bought a new position in shares of Alphabet during the 4th quarter valued at $38,000. Mountain Hill Investment Partners Corp. bought a new stake in Alphabet in the fourth quarter worth $39,000. Finally, Noble Wealth Management PBC bought a new position in shares of Alphabet during the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citizens Jmp lowered Alphabet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 2nd. Westpark Capital initiated coverage on Alphabet in a research note on Tuesday, April 1st. They set a “buy” rating and a $210.00 target price on the stock. KeyCorp dropped their price target on Alphabet from $202.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $210.88.

Get Our Latest Analysis on GOOG

Insider Buying and Selling at Alphabet

In related 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 transaction, the chief executive officer now owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. This represents a 1.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 1,340 shares of Alphabet stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $202.08, for a total transaction of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 148,163 shares of company stock worth $25,361,647. 12.99% of the stock is currently owned by insiders.

Alphabet Trading Down 1.4 %

GOOG opened at $153.36 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.87 trillion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.34 and a beta of 1.04. The stock has a fifty day moving average price of $167.16 and a 200-day moving average price of $177.62. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $208.70.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.03. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 10th. This represents a $0.80 dividend on an annualized basis and a yield of 0.52%. Alphabet’s dividend payout ratio is currently 9.94%.

Alphabet Profile

(Free Report)