Alphabet Inc. (NASDAQ:GOOGL) Stake Lifted by Voyager Global Management LP

25 Apr 2025, 11:02 by Teresa Graham · The Cerbat Gem

Voyager Global Management LP raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,675,000 shares of the information services provider’s stock after buying an additional 25,000 shares during the quarter. Alphabet comprises about 20.2% of Voyager Global Management LP’s portfolio, making the stock its biggest holding. Voyager Global Management LP’s holdings in Alphabet were worth $506,378,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GOOGL. Principal Financial Group Inc. boosted its holdings in Alphabet by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 11,283,594 shares of the information services provider’s stock valued at $1,871,384,000 after purchasing an additional 337,031 shares during the last quarter. Passumpsic Savings Bank lifted its holdings in Alphabet by 38.0% in the third quarter. Passumpsic Savings Bank now owns 4,700 shares of the information services provider’s stock valued at $779,000 after acquiring an additional 1,294 shares during the last quarter. SOA Wealth Advisors LLC. lifted its holdings in Alphabet by 0.5% in the third quarter. SOA Wealth Advisors LLC. now owns 37,379 shares of the information services provider’s stock valued at $6,199,000 after acquiring an additional 202 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in Alphabet by 6.0% during the third quarter. SkyView Investment Advisors LLC now owns 2,306 shares of the information services provider’s stock worth $382,000 after acquiring an additional 130 shares during the last quarter. Finally, Te Ahumairangi Investment Management Ltd increased its stake in Alphabet by 19.2% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 137,669 shares of the information services provider’s stock worth $22,703,000 after acquiring an additional 22,169 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research analyst reports. Mizuho lowered their price target on Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company lowered their target price on shares of Alphabet from $184.00 to $167.00 and set an “equal weight” rating for the company in a research note on Monday, March 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Alphabet in a research note on Wednesday. Truist Financial lowered their price objective on shares of Alphabet from $220.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, Jefferies Financial Group cut their target price on Alphabet from $235.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Ten research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $199.64.

Read Our Latest Report on Alphabet

Alphabet Stock Up 2.5 %

GOOGL stock opened at $159.28 on Friday. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.34 and a beta of 1.03. The company has a fifty day moving average price of $162.61 and a 200 day moving average price of $175.44. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.84 and a quick ratio of 1.84. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $207.05.

Alphabet (NASDAQ:GOOGL – Get Free Report) last announced its 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. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. During the same period in the previous year, the business earned $1.89 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently announced 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 is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.53%. Alphabet’s dividend payout ratio (DPR) is 9.94%.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $158.56, for a total value of $5,153,200.00. Following the sale, the chief executive officer now owns 2,717,696 shares of the company’s stock, valued at approximately $430,917,877.76. The trade was a 1.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 1,340 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $202.08, for a total value of $270,787.20. Following the transaction, the chief accounting officer now directly owns 17,848 shares of the company’s stock, valued at approximately $3,606,723.84. This trade represents a 6.98 % 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. Company insiders own 11.55% of the company’s stock.

About Alphabet

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