Klingenstein Fields & Co. LP Sells 2,766 Shares of Alphabet Inc. (NASDAQ:GOOGL)

July 8, 2025

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Klingenstein Fields & Co. LP lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 456,816 shares of the information services provider’s stock after selling 2,766 shares during the quarter. Alphabet accounts for approximately 3.0% of Klingenstein Fields & Co. LP’s holdings, making the stock its 8th largest holding. Klingenstein Fields & Co. LP’s holdings in Alphabet were worth $70,642,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Rockbridge Capital Management LLC acquired a new stake in Alphabet during the 4th quarter worth $3,119,000. Cypress Capital LLC raised its stake in Alphabet by 4.1% during the 1st quarter. Cypress Capital LLC now owns 14,310 shares of the information services provider’s stock worth $2,213,000 after buying an additional 563 shares during the period. Optivise Advisory Services LLC raised its stake in Alphabet by 8.0% during the 4th quarter. Optivise Advisory Services LLC now owns 5,464 shares of the information services provider’s stock worth $1,035,000 after buying an additional 403 shares during the period. Community Bank N.A. raised its stake in Alphabet by 6.4% during the 4th quarter. Community Bank N.A. now owns 46,173 shares of the information services provider’s stock worth $8,741,000 after buying an additional 2,790 shares during the period. Finally, Falcon Wealth Planning raised its stake in Alphabet by 15.7% during the 1st quarter. Falcon Wealth Planning now owns 9,898 shares of the information services provider’s stock worth $1,531,000 after buying an additional 1,340 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Trading Down 1.5%

Shares of NASDAQ:GOOGL opened at $176.79 on Tuesday. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $207.05. The company has a market capitalization of $2.15 trillion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 1.26 and a beta of 1.00. The company has a 50-day simple moving average of $169.03 and a 200 day simple moving average of $173.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.77 and a current ratio of 1.77.

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Alphabet (NASDAQ:GOOGL – Get Free Report) last issued its earnings results on Thursday, April 24th. The information services provider reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.79. The business had revenue of $76.49 billion during the quarter, compared to the consensus estimate of $89.30 billion. Alphabet had a net margin of 30.86% and a return on equity of 34.54%. During the same period last year, the business posted $1.89 EPS. Sell-side analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 9th. This is an increase from Alphabet’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.48%. Alphabet’s dividend payout ratio (DPR) is 9.36%.

Analysts Set New Price Targets

Several analysts recently commented on the company. KeyCorp raised their price objective on Alphabet from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their target price on Alphabet from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. UBS Group set a $195.00 target price on Alphabet in a report on Friday, April 25th. Morgan Stanley lowered their target price on Alphabet from $210.00 to $185.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Finally, BNP Paribas cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 26th. Ten investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $199.95.

View Our Latest Stock Analysis on Alphabet

Insiders Place Their Bets

In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $175.00, for a total transaction of $105,000.00. Following the completion of the sale, the director directly owned 6,813 shares in the company, valued at $1,192,275. This trade represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $175.00, for a total transaction of $1,575,000.00. Following the sale, the director owned 255,400 shares of the company’s stock, valued at $44,695,000. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 215,643 shares of company stock worth $36,330,928 over the last three months. Insiders own 11.55% of the company’s stock.

About Alphabet

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.