Western Wealth Management LLC Sells 36,861 Shares of Alphabet Inc. (NASDAQ:GOOG)

23 May 2025, 14:36 by Tristan Rich · The Markets Daily

Western Wealth Management LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 80.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,774 shares of the information services provider’s stock after selling 36,861 shares during the period. Western Wealth Management LLC’s holdings in Alphabet were worth $1,671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. FMR LLC grew its holdings in shares of Alphabet by 2.8% during the 4th quarter. FMR LLC now owns 117,991,725 shares of the information services provider’s stock worth $22,470,344,000 after acquiring an additional 3,189,592 shares during the period. Geode Capital Management LLC grew its holdings in shares of Alphabet by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 104,777,092 shares of the information services provider’s stock worth $19,894,651,000 after acquiring an additional 1,219,606 shares during the period. Capital International Investors grew its holdings in shares of Alphabet by 6.7% during the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider’s stock worth $17,376,706,000 after acquiring an additional 5,758,244 shares during the period. Northern Trust Corp grew its holdings in shares of Alphabet by 16.1% during the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider’s stock worth $10,873,751,000 after acquiring an additional 7,917,625 shares during the period. Finally, Capital Research Global Investors grew its holdings in shares of Alphabet by 0.8% during the 4th quarter. Capital Research Global Investors now owns 39,148,500 shares of the information services provider’s stock worth $7,455,571,000 after acquiring an additional 294,556 shares during the period. Institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 11,764 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $166.84, for a total value of $1,962,705.76. Following the completion of the sale, the insider now owns 49,037 shares in the company, valued at approximately $8,181,333.08. This represents a 19.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 673 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $155.33, for a total value of $104,537.09. Following the completion of the sale, the chief accounting officer now owns 15,303 shares of the company’s stock, valued at $2,377,014.99. The trade was a 4.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,054 shares of company stock valued at $17,722,605. 12.99% of the stock is owned by company insiders.

Alphabet Price Performance

Shares of Alphabet stock opened at $171.98 on Friday. Alphabet Inc. has a one year low of $142.66 and a one year high of $208.70. The stock’s fifty day moving average is $160.34 and its 200 day moving average is $176.63. The stock has a market cap of $2.09 trillion, a P/E ratio of 21.36, a P/E/G ratio of 1.34 and a beta of 1.01. 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 announced its earnings results on Thursday, April 24th. The information services provider reported $2.81 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 company had revenue of $90.23 billion for the quarter, compared to analysts’ expectations of $89.30 billion. During the same period last year, the firm earned $1.89 EPS. Alphabet’s revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts anticipate that Alphabet Inc. will post 8.89 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. Investors of record on Monday, June 9th will be issued a $0.21 dividend. This is a boost from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Monday, June 9th. Alphabet’s dividend payout ratio (DPR) is currently 9.36%.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of research analyst reports. Scotiabank reduced their target price on Alphabet from $232.00 to $200.00 and set a “sector outperform” rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. upped their price target on Alphabet from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Cantor Fitzgerald restated a “neutral” rating and issued a $171.00 price target on shares of Alphabet in a research note on Friday, April 25th. Westpark Capital restated a “buy” rating and issued a $210.00 price target on shares of Alphabet in a research note on Friday, April 25th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, fourteen have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $203.94.

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