Alphabet Inc. $GOOGL Shares Sold by Atreides Management LP

Atreides Management LP trimmed its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 42.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 550,260 shares of the information services provider’s stock after selling 400,599 shares during the quarter. Alphabet makes up about 2.6% of Atreides Management LP’s holdings, making the stock its 6th biggest position. Atreides Management LP’s holdings in Alphabet were worth $133,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Financial Gravity Companies Inc. acquired a new position in Alphabet in the second quarter valued at $31,000. iSAM Funds UK Ltd acquired a new stake in shares of Alphabet during the third quarter worth about $53,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Alphabet during the third quarter worth about $53,000. Corsicana & Co. purchased a new position in shares of Alphabet during the third quarter worth about $54,000. Finally, Sellwood Investment Partners LLC purchased a new position in shares of Alphabet during the third quarter worth about $63,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major competitor Meta has delayed a next‑generation AI release and reportedly discussed temporarily licensing Google’s Gemini model, which could help Alphabet expand usage/licensing of its AI stack and win incremental share. Meta delays release; may license Gemini
• Positive Sentiment: Needham & Company reaffirmed a “buy” on GOOGL and set a $400 price target (~32% upside from current levels), which can support investor confidence and buying interest. Needham reiterates buy
• Positive Sentiment: Multiple reports highlight Meta falling behind on large AI models (and considering licensing Google tech), reinforcing the view that Google could capture market share in foundational models and services. Meta falling behind — Yahoo
• Positive Sentiment: Zacks highlighted Alphabet’s earnings growth and price strength as reasons to watch GOOGL, supporting a constructive fundamental view after recent results. Zacks: earnings growth & price strength
• Neutral Sentiment: Google, Amazon and Meta pushing their own AI chips signals a structural shift in AI infrastructure — a long‑term positive if Google’s stack wins, but it intensifies competition with incumbents like NVIDIA and may pressure margins/capex. AI chips competition — Yahoo
• Neutral Sentiment: Google sold a partial stake in its GFiber unit and partnered to form a new independent fiber provider; this reduces direct capital burden but also trims ownership of the broadband growth asset. GFiber stake sale — CNBC
• Neutral Sentiment: Brand/PR note: Google named its London HQ “Platform 37” referencing DeepMind/AlphaGo success — modestly positive for culture/AI branding but not material to near‑term financials. Platform 37 naming — Reuters
• Negative Sentiment: UK regulator and wider regulatory scrutiny on tech safety and child protection remain overhangs for Big Tech, including Alphabet, since new rules or enforcement could increase compliance costs or constrain certain services. UK regulator warning — Sky

Wall Street Analysts Forecast Growth

Several analysts have commented on GOOGL shares. Argus upped their price objective on Alphabet from $365.00 to $385.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Wedbush lifted their target price on Alphabet from $360.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a report on Monday, February 9th. President Capital upped their price target on Alphabet from $323.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company set a $354.00 price target on Alphabet and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $367.18.

Alphabet Stock Performance

Shares of GOOGL stock opened at $302.28 on Friday. The company has a market cap of $3.66 trillion, a price-to-earnings ratio of 27.96, a price-to-earnings-growth ratio of 1.77 and a beta of 1.10. The stock has a 50 day simple moving average of $319.12 and a 200-day simple moving average of $289.81. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $349.00. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.25. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. On average, equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s payout ratio is presently 7.77%.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total transaction of $9,859,850.00. Following the transaction, the chief executive officer directly owned 1,674,560 shares of the company’s stock, valued at $508,028,012.80. This represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frances Arnold sold 112 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $302.99, for a total transaction of $33,934.88. Following the completion of the transaction, the director owned 18,418 shares of the company’s stock, valued at $5,580,469.82. This represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,112,493 shares of company stock worth $118,605,094. 11.64% of the stock is currently owned by insiders.

Alphabet Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.