Fred Alger Management LLC Lowers Holdings in Alphabet Inc. (NASDAQ:GOOG)

08 May 2025, 11:00 by Scott Moore · The Cerbat Gem

Fred Alger Management LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 12.4% during the 4th quarter, HoldingsChannel reports. The firm owned 1,970,215 shares of the information services provider’s stock after selling 278,771 shares during the period. Alphabet comprises about 1.8% of Fred Alger Management LLC’s investment portfolio, making the stock its 12th largest holding. Fred Alger Management LLC’s holdings in Alphabet were worth $375,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOG. GPS Wealth Strategies Group LLC raised its stake in shares of Alphabet by 6.8% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 16,248 shares of the information services provider’s stock worth $3,094,000 after acquiring an additional 1,041 shares in the last quarter. Harvest Investment Services LLC boosted its position in shares of Alphabet by 3.3% in the 4th quarter. Harvest Investment Services LLC now owns 4,329 shares of the information services provider’s stock worth $824,000 after purchasing an additional 138 shares in the last quarter. North Forty Two & Co. purchased a new position in Alphabet during the 4th quarter worth $281,000. SageView Advisory Group LLC increased its position in Alphabet by 140.6% during the 4th quarter. SageView Advisory Group LLC now owns 14,734 shares of the information services provider’s stock valued at $2,806,000 after buying an additional 8,610 shares in the last quarter. Finally, Requisite Capital Management LLC purchased a new stake in Alphabet in the fourth quarter valued at about $927,000. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $156.16, for a total value of $5,075,200.00. Following the completion of the sale, the chief executive officer now owns 2,685,196 shares in the company, valued at approximately $419,320,207.36. This represents a 1.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $165.53, for a total value of $33,106.00. Following the transaction, the director now owns 7,813 shares in the company, valued at approximately $1,293,285.89. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,824 shares of company stock valued at $25,086,603. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Down 7.5 %

Shares of GOOG stock opened at $152.82 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market cap of $1.85 trillion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $208.70. The stock has a 50 day simple moving average of $161.59 and a 200-day simple moving average of $177.00.

Alphabet (NASDAQ:GOOG – Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.79. Alphabet had a return on equity of 32.49% and a net margin of 28.60%. The firm had revenue of $90.23 billion for the quarter, compared to analyst estimates of $89.30 billion. During the same period in the previous year, the company posted $1.89 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 8.89 EPS 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 given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.55%. This is a boost from Alphabet’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s dividend payout ratio is 9.36%.

Analyst Ratings Changes

Several research firms have recently issued reports on GOOG. Rosenblatt Securities upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Friday, April 25th. Needham & Company LLC downgraded shares of Alphabet from a “buy” rating to a “cautious” rating in a research report on Friday, May 2nd. Tigress Financial reaffirmed a “strong-buy” rating on shares of Alphabet in a report on Friday, May 2nd. Morgan Stanley reissued an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Susquehanna reissued a “positive” rating on shares of Alphabet in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $203.94.

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