Jag Capital Management LLC Sells 4,895 Shares of Alphabet Inc. $GOOG

Jag Capital Management LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 16.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,334 shares of the information services provider’s stock after selling 4,895 shares during the quarter. Jag Capital Management LLC’s holdings in Alphabet were worth $7,950,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Creative Financial Designs Inc. ADV boosted its stake in shares of Alphabet by 3.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 10,606 shares of the information services provider’s stock valued at $3,328,000 after purchasing an additional 403 shares during the last quarter. Muirfield Wealth Advisors LLC grew its position in shares of Alphabet by 42.3% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 1,484 shares of the information services provider’s stock worth $466,000 after buying an additional 441 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $23,382,000. GSA Capital Partners LLP boosted its stake in Alphabet by 88.3% during the fourth quarter. GSA Capital Partners LLP now owns 4,769 shares of the information services provider’s stock worth $1,497,000 after acquiring an additional 2,236 shares in the last quarter. Finally, AMF Tjanstepension AB boosted its stake in Alphabet by 5.0% during the fourth quarter. AMF Tjanstepension AB now owns 2,438,084 shares of the information services provider’s stock worth $765,071,000 after acquiring an additional 115,828 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s Waymo unit is rolling out its new “Ojai” robotaxi to select riders in major U.S. cities, with a roomier design, lower manufacturing costs, and a removable steering wheel — all signs that the autonomous vehicle business may become more scalable and economically viable. Article Title
• Positive Sentiment: Alphabet also announced a Google Cloud partnership with EQT to help more than 300 portfolio companies accelerate AI adoption, reinforcing cloud and AI as key growth drivers for the company beyond advertising. Article Title
• Neutral Sentiment: Commentary from Jim Cramer and several market notes described Alphabet as a “crucial position” and suggested investors still may be underestimating Waymo’s value, which can help sentiment but does not change fundamentals by itself. Article Title
• Neutral Sentiment: There was also interest in Alphabet’s AI-search changes and new Gemini-powered ad formats, which could improve monetization over time, but some observers say the overhaul is still controversial and early reactions are mixed. Article Title
• Negative Sentiment: Federal prosecutors charged a Google software engineer with using confidential information to make about $1.2 million on Polymarket bets, creating unwanted reputational risk for Alphabet and adding headlines that may pressure sentiment. Article Title
• Negative Sentiment: Alphabet’s recent AI Search overhaul is also drawing criticism, with some users and rival search services benefiting as concerns grow that Google’s changes could hurt traffic patterns and user satisfaction. Article Title

Alphabet Trading Up 0.3%

Shares of GOOG opened at $386.12 on Friday. The firm has a fifty day simple moving average of $341.87 and a two-hundred day simple moving average of $323.94. Alphabet Inc. has a twelve month low of $163.33 and a twelve month high of $404.47. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $4.68 trillion, a P/E ratio of 29.45, a PEG ratio of 1.65 and a beta of 1.25.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, April 30th. The information services provider reported $5.11 EPS for the quarter, topping the consensus estimate of $2.68 by $2.43. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. The firm had revenue of $109.90 billion during the quarter, compared to analysts’ expectations of $106.96 billion. During the same period last year, the company posted $2.81 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, research analysts anticipate that Alphabet Inc. will post 14.29 EPS for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, June 8th. This is a positive change from Alphabet’s previous quarterly dividend of $0.21. Alphabet’s dividend payout ratio (DPR) is 6.41%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. KeyCorp reissued an “overweight” rating on shares of Alphabet in a research note on Wednesday, May 20th. DZ Bank raised shares of Alphabet to a “strong-buy” rating in a research report on Monday, February 16th. Piper Sandler reissued an “overweight” rating and set a $395.00 price target on shares of Alphabet in a research report on Thursday, February 5th. TD Cowen reiterated a “buy” rating on shares of Alphabet in a research note on Thursday, May 21st. Finally, Wells Fargo & Company raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Six research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $372.65.

Insider Buying and Selling at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $393.26, for a total transaction of $412,923.00. Following the sale, the director owned 2,531 shares of the company’s stock, valued at $995,341.06. This trade represents a 29.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 617 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at approximately $2,923,235.59. The trade was a 5.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 226,481 shares of company stock worth $27,422,061 in the last 90 days. Insiders own 12.99% of the company’s stock.

About Alphabet

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.