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Main Street Research LLC Increases Stake in Alphabet Inc. (NASDAQ:GOOGL)

Main Street Research LLC Increases Stake in Alphabet Inc. (NASDAQ:GOOGL)

  • 23.03.2025 09:33
  • etfdailynews.com
  • Keywords: High, Low

Main Street Research LLC increased its stake in Alphabet Inc. by 2.7%, owning 281,038 shares worth $53 million, making it their 12th largest holding. Alphabet reported strong earnings and a moderate buy rating from analysts, with a dividend yield of 0.49%.

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Estimated market influence

Main Street Research LLC

Positivesentiment_satisfied
Analyst rating: N/A

Increased their stake in Alphabet Inc. by 2.7% during the fourth quarter.

Compass Planning Associates Inc

Positivesentiment_satisfied
Analyst rating: N/A

Bought a new position in Alphabet Inc. during the 4th quarter.

LMR Partners LLP

Positivesentiment_satisfied
Analyst rating: N/A

Bought a new position in Alphabet Inc. during the 3rd quarter.

E Fund Management Hong Kong Co. Ltd.

Positivesentiment_satisfied
Analyst rating: N/A

Increased their stake by 518.8% and now owns 198 shares worth $37,000.

Fiduciary Advisors Inc.

Positivesentiment_satisfied
Analyst rating: N/A

Bought a new stake in Alphabet Inc. during the fourth quarter.

PayPay Securities Corp

Positivesentiment_satisfied
Analyst rating: N/A

Increased their position by 36.1% and now owns 245 shares worth $46,000.

Context

Business Insights and Market Implications Analysis

Investment Activity

  • Main Street Research LLC: Increased stake in Alphabet Inc. by 2.7% during Q4, holding 281,038 shares worth $53.2 million.
  • Portfolio Weight: Alphabet constitutes 3.3% of Main Street Research's portfolio, ranking as its 12th largest position.
  • Other Investors:
    • Compass Planning Associates Inc. invested $30,000 in new shares.
    • E Fund Management Hong Kong Co. Ltd. increased holdings by 518.8%, holding 198 shares worth $37,000.
    • Fiduciary Advisors Inc. and PayPay Securities Corp. also added to their positions.

Market Performance

  • Stock Price: Opened at $163.99 on Friday.
  • Financial Metrics:
    • Debt-to-equity ratio: 0.03
    • Current ratio: 1.84
    • Quick ratio: 1.84
    • Market capitalization: $2.00 trillion
    • PE ratio: 20.37
    • PEG ratio: 1.34
    • Beta: 1.02
  • 52-Week Range: $147.22 (low) to $207.05 (high).
  • Moving Averages:
    • 50-day: $182.57
    • 200-day: $176.51

Dividend Policy

  • Dividend Announcement: Alphabet declared a quarterly dividend of $0.20, paid on March 17, with an annualized yield of 0.49%.
  • Payout Ratio: 9.94%

Insider Transactions

  • Director John L. Hennessy: Sold 1,500 shares at $189.80 each, reducing ownership by 6.43%.
  • CAO: Sold 1,368 shares at $191.55 each, reducing ownership by 6.20%.
  • Total Insider Sales: 93,048 shares over the last 90 days, valued at $17.37 million.
  • Insider Ownership: 11.55%

Analyst Ratings

  • Consensus Rating: "Moderate Buy" with a target price of $210.59 (as per MarketBeat).
  • Recent Upgrades/Downgrades:
    • Cantor Fitzgerald: Reiterated "neutral" with $200 target.
    • Roth Mkm: Reiterated "buy" with $220 target.
    • DZ Bank: Downgraded from "buy" to "hold" with $198 target.
    • Wells Fargo: Raised price target from $187 to $190, maintained "equal weight."
    • Stifel Nicolaus: Increased target from $200 to $225, reinitiated "buy."

Strategic Considerations

  • Competitive Dynamics: Alphabet's strong market position in search, cloud, and advertising suggests continued dominance.
  • Long-Term Effects: Institutional investor interest indicates confidence in Alphabet's growth potential.
  • Regulatory Impact: Potential regulatory scrutiny in the tech sector could impact future performance.

This analysis highlights Alphabet's robust financial health, growing institutional investor interest, and mixed analyst sentiment.