Alphabet Inc. (NASDAQ:GOOG) Shares Sold by Oak Associates Ltd. OH

11 Apr 2025, 17:06 by Kim Johansen · The Markets Daily

Oak Associates Ltd. OH lessened its stake in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 560,243 shares of the information services provider’s stock after selling 47,059 shares during the period. Alphabet comprises approximately 7.4% of Oak Associates Ltd. OH’s investment portfolio, making the stock its 2nd largest holding. Oak Associates Ltd. OH’s holdings in Alphabet were worth $106,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Alphabet by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 11,024,276 shares of the information services provider’s stock worth $1,843,149,000 after buying an additional 264,962 shares during the period. Morse Asset Management Inc purchased a new stake in Alphabet in the 3rd quarter worth $166,000. McIlrath & Eck LLC raised its position in Alphabet by 12.9% during the third quarter. McIlrath & Eck LLC now owns 13,575 shares of the information services provider’s stock worth $2,270,000 after acquiring an additional 1,546 shares during the period. Passumpsic Savings Bank purchased a new position in Alphabet during the third quarter valued at $263,000. Finally, Advisory Resource Group grew its position in shares of Alphabet by 8.7% in the third quarter. Advisory Resource Group now owns 10,277 shares of the information services provider’s stock valued at $1,718,000 after purchasing an additional 822 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $220.00 price target on shares of Alphabet in a research report on Thursday, January 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Alphabet in a report on Wednesday, March 19th. Oppenheimer lifted their price target on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Morgan Stanley reiterated an “overweight” rating on shares of Alphabet in a report on Wednesday, February 5th. Finally, Westpark Capital started coverage on Alphabet in a research note on Tuesday, April 1st. They issued a “buy” rating and a $210.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $207.33.

Get Our Latest Stock Report on GOOG

Insider Activity

In other Alphabet news, insider John Kent Walker sold 17,690 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $185.51, for a total value of $3,281,671.90. Following the sale, the insider now directly owns 43,111 shares in the company, valued at $7,997,521.61. This trade represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,834 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $194.32, for a total value of $550,702.88. Following the transaction, the chief accounting officer now directly owns 17,847 shares of the company’s stock, valued at approximately $3,468,029.04. This represents a 13.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 119,797 shares of company stock worth $21,089,470. 12.99% of the stock is currently owned by company insiders.

Alphabet Trading Down 3.5 %

Shares of GOOG stock opened at $155.37 on Friday. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $208.70. The company has a 50 day moving average price of $171.46 and a 200 day moving average price of $177.92. The stock has a market capitalization of $1.89 trillion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.84 and a current ratio of 1.84.

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

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, March 10th. Alphabet’s dividend payout ratio is currently 9.94%.

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