BIP Alliance LLC Takes $591,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

23 May 2025, 15:50 by Michael Walen · The Markets Daily

BIP Alliance LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,124 shares of the information services provider’s stock, valued at approximately $591,000. Alphabet comprises approximately 0.2% of BIP Alliance LLC’s investment portfolio, making the stock its 29th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Compass Planning Associates Inc acquired a new position in shares of Alphabet in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Alphabet by 518.8% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 198 shares of the information services provider’s stock worth $37,000 after buying an additional 166 shares during the period. Fiduciary Advisors Inc. purchased a new stake in Alphabet during the fourth quarter valued at about $39,000. PayPay Securities Corp lifted its stake in Alphabet by 36.1% during the fourth quarter. PayPay Securities Corp now owns 245 shares of the information services provider’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. Finally, Anderson Financial Strategies LLC acquired a new position in shares of Alphabet in the fourth quarter worth about $49,000. 40.03% of the stock is currently owned by institutional investors.

Alphabet Stock Performance

Shares of GOOGL opened at $170.87 on Friday. The firm has a market cap of $2.07 trillion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.34 and a beta of 1.01. The company’s fifty day moving average is $158.42 and its 200-day moving average is $174.89. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.03. 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 issued its quarterly earnings data 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 net margin of 28.60% and a return on equity of 32.49%. The firm had revenue of $76.49 billion during the quarter, compared to analysts’ expectations of $89.30 billion. During the same period in the prior year, the company posted $1.89 earnings per share. Equities analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, June 9th. This is an increase from Alphabet’s previous quarterly dividend of $0.20. Alphabet’s dividend payout ratio is 9.36%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $200.00 target price (down from $230.00) on shares of Alphabet in a research report on Thursday, April 17th. Mizuho decreased their price objective on shares of Alphabet from $230.00 to $205.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. cut their target price on shares of Alphabet from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Wedbush set a $190.00 target price on Alphabet and gave the company an “outperform” rating in a report on Tuesday, April 15th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.75.

Get Our Latest Stock Analysis on GOOGL

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $155.90, for a total transaction of $5,066,750.00. Following the completion of the transaction, the chief executive officer now owns 2,652,696 shares of the company’s stock, valued at approximately $413,555,306.40. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 1,374 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $173.47, for a total transaction of $238,347.78. Following the completion of the sale, the chief accounting officer now owns 15,024 shares of the company’s stock, valued at approximately $2,606,213.28. The trade was a 8.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,054 shares of company stock valued at $17,722,605. Insiders own 11.64% of the company’s stock.

About Alphabet

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