Bay Rivers Group Sells 148 Shares of Alphabet Inc. (NASDAQ:GOOGL)

05 Jun 2025, 15:54 by Kim Johansen · The Markets Daily

Bay Rivers Group lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,996 shares of the information services provider’s stock after selling 148 shares during the period. Alphabet comprises about 2.1% of Bay Rivers Group’s investment portfolio, making the stock its 20th biggest position. Bay Rivers Group’s holdings in Alphabet were worth $4,020,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Planning Associates Inc purchased a new stake in shares of Alphabet in the 4th quarter worth about $30,000. Fiduciary Advisors Inc. purchased a new stake in shares of Alphabet in the 4th quarter worth about $39,000. PayPay Securities Corp increased its stake in shares of Alphabet by 36.1% in the 4th quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Anderson Financial Strategies LLC bought a new position in shares of Alphabet in the 4th quarter worth about $49,000. Finally, Navigoe LLC bought a new position in shares of Alphabet in the 4th quarter worth about $51,000. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction 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 sale, the chief executive officer now directly owns 2,717,696 shares in the company, valued at approximately $430,917,877.76. The trade was a 1.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 673 shares of Alphabet stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $155.33, for a total transaction of $104,537.09. Following the completion of the sale, the chief accounting officer now owns 15,303 shares in the company, valued at $2,377,014.99. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 195,770 shares of company stock worth $32,036,638 over the last ninety days. Company insiders own 11.64% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of analyst reports. Rosenblatt Securities restated a “neutral” rating and set a $189.00 price objective on shares of Alphabet in a research note on Wednesday, May 21st. Morgan Stanley reduced their price objective on shares of Alphabet from $210.00 to $185.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Piper Sandler raised their price objective on shares of Alphabet from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Cantor Fitzgerald reduced their price target on shares of Alphabet from $200.00 to $159.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Finally, Jefferies Financial Group reduced their price target on shares of Alphabet from $235.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $199.75.

Read Our Latest Analysis on Alphabet

Alphabet Price Performance

Shares of Alphabet stock opened at $168.05 on Thursday. 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 stock has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 1.34 and a beta of 1.01. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $207.05. The firm’s 50-day moving average price is $159.54 and its two-hundred day moving average price is $174.43.

Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The information services provider reported $2.81 EPS for the quarter, beating the consensus estimate of $2.02 by $0.79. Alphabet had a net margin of 28.60% and a return on equity of 32.49%. The business had revenue of $76.49 billion for the quarter, compared to analysts’ expectations of $89.30 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.21 dividend. This is a positive change from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s dividend payout ratio is currently 9.36%.

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