open_in_newOriginal article
Westchester Capital Management Inc. Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Westchester Capital Management Inc. Increases Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

  • 25.03.2025 00:00
  • etfdailynews.com
  • Keywords: High, Low

Westchester Capital Management Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 0.2% in the fourth quarter, owning 110,184 shares worth $20 million, making it their sixth-largest position. The stock comprises about 5.2% of their portfolio and is favored by several other institutional investors who have also recently adjusted their stakes. Alphabet's performance remains strong with a market cap of $2.04 trillion and positive analyst ratings.

Alphabet NewsAlphabet ProductsAlphabet ServicesAlphabet Reports

Estimated market influence

Westchester Capital Management Inc.

Positivesentiment_satisfied
Analyst rating: N/A

Westchester Capital Management Inc. increased its position in Alphabet Inc., indicating confidence in the company's stock.

Schear Investment Advisers LLC

Positivesentiment_satisfied
Analyst rating: N/A

Schear Investment Advisers LLC grew its holdings in Alphabet by 17.0% during the third quarter, showing investment confidence.

Permanent Capital Management LP

Positivesentiment_satisfied
Analyst rating: N/A

Bought a new position in Alphabet in the 4th quarter worth approximately $273,000.

Landscape Capital Management L.L.C.

Positivesentiment_satisfied
Analyst rating: N/A

Increased its stake by 27.9% during the third quarter, acquiring additional shares.

Glass Wealth Management Co LLC

Positivesentiment_satisfied
Analyst rating: N/A

Raised its position in Alphabet by 4.5% in the fourth quarter, showing investment confidence.

Olistico Wealth LLC

Positivesentiment_satisfied
Analyst rating: N/A

Grew its holdings in Alphabet by 9.1% in the 4th quarter, indicating positive sentiment.

Context

Analysis of Westchester Capital Management Inc.'s Investment in Alphabet Inc. (NASDAQ:GOOGL)

Key Facts and Data Points

  • Westchester Capital Management Inc.:

    • Increased holdings in Alphabet by 0.2% in the 4th quarter.
    • Total shares held: 110,184.
    • Value of holdings: $20,858,000.
    • Alphabet represents 5.2% of its portfolio and is its 6th largest position.

  • Other Institutional Investors:

    • Schear Investment Advisers LLC increased holdings by 17.0%, now owning 33,751 shares valued at $5,598,000.
    • Permanent Capital Management LP bought a new position worth $273,000.
    • Landscape Capital Management L.L.C. increased holdings by 27.9%, now owning 25,275 shares valued at $4,192,000.
    • Glass Wealth Management Co LLC raised its position by 4.5%, now owning 37,054 shares worth $7,014,000.
    • Olistico Wealth LLC increased holdings by 9.1%, now owning 8,981 shares worth $1,700,000.

  • Institutional Ownership:

    • Total institutional ownership: 40.03%.

Alphabet Stock Performance

  • Current Share Price: $167.68 (as of Tuesday).
  • 52-week range: $147.22 (low) to $207.05 (high).
  • Market Capitalization: $2.04 trillion.
  • Key Metrics:
    • Debt-to-equity ratio: 0.03.
    • Quick ratio: 1.84.
    • Current ratio: 1.84.
    • Price-to-earnings (P/E) ratio: 20.83.
    • Price-to-earnings-growth (PEG) ratio: 1.34.
    • Beta: 1.02.
    • 50-day simple moving average: $182.10.
    • 200-day simple moving average: $176.73.

Earnings and Dividends

  • Earnings Performance:

    • Alphabet reported $2.15 EPS for the latest quarter, beating estimates of $2.12.
    • Return on equity: 32.49%.
    • Net margin: 28.60%.

  • Dividend Announcement:

    • Quarterly dividend: $0.20, paid on March 17, 2025.
    • Annualized dividend: $0.80.
    • Dividend yield: 0.48%.
    • Dividend payout ratio: 9.94%.

Analyst Sentiment

  • Analyst Ratings:
    • Average rating: "Moderate Buy" (based on data from MarketBeat.com).
    • Consensus target price: $210.59.
  • Recent Upgrades/Downgrades:
    • Goldman Sachs reiterated a "buy" rating with a $210.00 target.
    • Cantor Fitzgerald reaffirmed a "neutral" rating with a $200.00 target.
    • Piper Sandler lowered their target from $210.00 to $208.00 and maintained an "overweight" rating.
    • Roth Mkm reissued a "buy" rating with a $220.00 target.
    • JMP Securities reissued a "market perform" rating.

Insider Activity

  • Insider Transactions:
    • Total shares sold by insiders in the last three months: 93,048.
    • Total value of insider transactions: $17,374,274.
    • Percentage owned by insiders: 11.55%.

Business Operations and Market Implications

  • Alphabet's Business Segments:

    • Google Services (ads, Android, Chrome, Gmail, Google Maps, Google Photos, Google Play, Search, YouTube).
    • Google Cloud.
    • Other Bets (e.g., Verily, Waymo).

  • Market Trends and Competitive Dynamics:

    • Alphabet remains a dominant player in the information services sector, with strong earnings and consistent dividend payments.
    • The company's stock performance reflects investor confidence, despite insider sales and mixed analyst upgrades/downgrades.
    • Increased institutional holdings suggest long-term optimism about Alphabet's growth potential.

  • Strategic Considerations:

    • Alphabet's focus on innovation (e.g., AI, cloud computing, autonomous vehicles) positions it for sustained growth in competitive markets.
    • Regulatory scrutiny of tech giants like Alphabet could impact future profitability and market share.

  • Long-Term Effects and Regulatory Impacts:

    • Alphabet's ability to maintain its leadership in key markets will be critical for long-term success.
    • Potential regulatory changes, particularly in areas like antitrust and data privacy, could influence the company's strategic direction and financial performance.