open_in_newOriginal article
HBK Sorce Advisory LLC Has $11.81 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

HBK Sorce Advisory LLC Has $11.81 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

  • 25.03.2025 09:44
  • etfdailynews.com
  • Keywords: Alphabet, GOOGL

HBK Sorce Advisory LLC increased its stake in Alphabet Inc. by 3.3%, owning 62,399 shares worth $11.81 million. Other institutional investors also modified their positions during the quarter.

Alphabet NewsAlphabet ProductsAlphabet ReportsAlphabet ServicesGOOGLsentiment_satisfied

Estimated market influence

HBK Sorce Advisory LLC

Positivesentiment_satisfied
Analyst rating: N/A

HBK Sorce Advisory LLC increased its stake in Alphabet Inc. by 3.3% during the fourth quarter, owning 62,399 shares worth $11,812,000.

Penobscot Wealth Management

Positivesentiment_satisfied
Analyst rating: N/A

Increased holdings by 23.3%, now owns 1,599 shares valued at $303,000.

1776 Wealth LLC

Positivesentiment_satisfied
Analyst rating: N/A

Increased holdings by 2.2%, owning 21,245 shares worth $4,022,000.

LFA Lugano Financial Advisors SA

Positivesentiment_satisfied
Analyst rating: N/A

Increased holdings by 5.0%, now owns 1,924 shares valued at $364,000.

Skandinaviska Enskilda Banken AB publ

Positivesentiment_satisfied
Analyst rating: N/A

Increased holdings by 7.8%, owning 2,862,762 shares worth $547,475,000.

Erste Asset Management GmbH

Positivesentiment_satisfied
Analyst rating: N/A

Raised position by 11.8%, now owns 1,348,875 shares worth $247,605,000.

Alphabet Inc.

Alphabet Inc.

Positivesentiment_satisfied
Analyst rating: Buy

The company's stock price increased by 2.3%, with a market cap of $2.04 trillion and positive earnings reports.

Context

Analysis of HBK Sorce Advisory LLC's Investment in Alphabet Inc. (NASDAQ:GOOGL)

Key Facts and Data Points

  • HBK Sorce Advisory LLC Stake:

    • Increased stake by 3.3% during Q4.
    • Total shares held: 62,399 shares.
    • Market value of holdings: $11,812,000.
    • Alphabet constitutes 0.4% of HBK Sorce Advisory LLC’s portfolio, ranking as its 29th largest position.

  • Institutional Ownership:

    • Total institutional ownership: 40.03%.
    • Several institutions increased their stakes in Alphabet during Q4, including:
      • Penobscot Wealth Management: Increased by 23.3%, holding 1,599 shares worth $303,000.
      • Erste Asset Management GmbH: Increased by 11.8%, holding 1,348,875 shares worth $247,605,000.

  • Insider Activity:

    • Total insider sales: 93,048 shares valued at $17,374,274 over the last quarter.
    • Notable insider transactions include:
      • An unnamed insider sold 16,820 shares for $3,239,868.40, reducing ownership by 27.66%.
      • CAO sold 1,368 shares for $262,040.40, reducing ownership by 6.20%.

Market Trends and Business Impact

  • Stock Performance:

    • Alphabet stock opened at $167.68 on March 25th, 2025.
    • 50-day moving average: $182.10.
    • 200-day moving average: $176.73.
    • Market capitalization: $2.04 trillion.

  • Valuation Metrics:

    • PE ratio: 20.83.
    • Price-to-Earnings-Growth (PEG) ratio: 1.34.
    • Beta: 1.02.
    • 1-year price range: $147.22 (low) to $207.05 (high).

  • Dividend Information:

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

Competitive Dynamics and Strategic Considerations

  • Analyst Sentiment:

    • Average rating: "Moderate Buy" with a target price of $210.59.
    • Mixed analyst upgrades/downgrades:
      • Wells Fargo raised their target price to $190.00.
      • Morgan Stanley reduced their target price from $215.00 to $210.00.

  • Financial Performance:

    • Q4 earnings per share (EPS): $2.15, beating estimates by $0.03.
    • Net margin: 28.60%.
    • Return on equity (ROE): 32.49%.
    • Analysts forecast EPS of $8.9 for the current fiscal year.

Long-Term Effects and Regulatory Impacts

  • Ownership Structure:

    • Institutional investors hold 40.03%, while insiders own 11.55%.

  • Competitive Landscape:

    • Alphabet faces competition from tech giants like Microsoft and Amazon in AI and cloud services.
    • Regulatory scrutiny remains a potential risk, particularly in antitrust-related areas.

Conclusion

Alphabet Inc. continues to be a significant holding for institutional investors, with HBK Sorce Advisory LLC among those increasing their stakes. However, insider sales and competitive pressures suggest cautious optimism. The company’s strong financial performance and diversified product portfolio position it as a key player in the tech sector, but investors should monitor regulatory developments and competitive dynamics closely.