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Erste Asset Management GmbH Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Erste Asset Management GmbH Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

  • 25.03.2025 10:46
  • etfdailynews.com
  • Keywords: High Risk

Erste Asset Management GmbH increased its holdings in Alphabet Inc. by 11.8% in Q4, owning over 1.3 million shares worth $247 million. Several other hedge funds also boosted their stakes in Alphabet during the same period. Institutional investors hold nearly 40% of the company's stock.

Alphabet Reports

Estimated market influence

Erste Asset Management GmbH

Positivesentiment_satisfied
Analyst rating: N/A

Increased holdings by 11.8% in Alphabet Inc., now holding 3.0% of their portfolio, worth $247,605,000.

Bennett Selby Investments LP

Positivesentiment_satisfied
Analyst rating: N/A

Increased holdings by 4.0%, now owning shares worth $256,000.

Macroview Investment Management LLC

Positivesentiment_satisfied
Analyst rating: N/A

Raised position by 4.2%, shares valued at $245,000.

Conrad Siegel Investment Advisors Inc.

Positivesentiment_satisfied
Analyst rating: N/A

Increased holdings by 0.5%, shares worth $1,864,000.

Cornerstone Planning Group LLC

Positivesentiment_satisfied
Analyst rating: N/A

Boosted stake by 2.3%, shares valued at $457,000.

Addison Advisors LLC

Positivesentiment_satisfied
Analyst rating: N/A

Raised holdings by 0.7%, shares worth $1,425,000.

Context

Analysis of Erste Asset Management GmbH's Investment in Alphabet Inc. (NASDAQ:GOOGL)

Key Facts and Data Points

  • Erste Asset Management GmbH increased its holdings in Alphabet Inc. by 11.8% in the fourth quarter, raising its stake to 1,348,875 shares.
  • The investment is valued at $247,605,000, representing approximately 3.0% of Erste Asset Management GmbH’s portfolio.
  • Alphabet Inc. is now the 4th largest position in the firm’s investment portfolio.

Competitive Dynamics and Strategic Considerations

  • Several other institutional investors and hedge funds also increased their stakes in Alphabet during the fourth quarter:
    • Bennett Selby Investments LP: Increased holdings by 4.0%, owning 1,354 shares worth $256,000.
    • Macroview Investment Management LLC: Raised position by 4.2%, holding 1,293 shares valued at $245,000.
    • Conrad Siegel Investment Advisors Inc.: Increased holdings by 0.5%, owning 9,845 shares worth $1,864,000.
    • Cornerstone Planning Group LLC: Boosted stake by 2.3%, holding 2,381 shares valued at $457,000.
    • Addison Advisors LLC: Raised holdings by 0.7%, owning 7,527 shares worth $1,425,000.

Market Sentiment and Analyst Consensus

  • Alphabet Inc. has an average rating of “Moderate Buy” with a target price of $210.59, according to MarketBeat.com.
  • Recent analyst actions:
    • Robert W. Baird: Reiterated “outperform” rating, set target price at $205.00.
    • Wedbush: Upgraded target price from $210.00 to $220.00, maintained “outperform” rating.
    • Roth Mkm: Reaffirmed “buy” rating, set target price at $220.00.
    • KeyCorp: Cut target price from $220.00 to $202.00, maintained “overweight” rating.
    • The Goldman Sachs Group: Reiterated “buy” rating, set target price at $210.00.

Insider Trading and Ownership

  • Insiders sold a total of 93,048 shares in the last quarter, worth $17,374,274.
  • Notable insider transactions:
    • CAO sold 1,368 shares at an average price of $191.55, reducing ownership by 6.20%.
    • Insider sold 16,820 shares at an average price of $192.62, reducing ownership by 27.66%.
  • Insiders own approximately 11.55% of the company’s stock.

Financial Performance and Valuation

  • Alphabet reported $2.15 EPS for the latest quarter, exceeding expectations of $2.12.
  • Key financial metrics:
    • Market cap: $2.04 trillion
    • P/E ratio: 20.83
    • PEG ratio: 1.34
    • Beta: 1.02
    • 52-week price range: $147.22 – $207.05
  • Dividend information:
    • Quarterly dividend: $0.20, annualized to $0.80.
    • Dividend yield: 0.48%.
    • Dividend payout ratio: 9.94%.

Market Implications and Long-Term Effects

  • The increased holdings by institutional investors suggest confidence in Alphabet’s long-term growth potential.
  • Despite positive analyst sentiment, the slight downgrade by KeyCorp highlights cautious optimism about future performance.
  • Insider selling, while significant, may indicate portfolio diversification rather than lack of confidence in the company’s fundamentals.
  • Alphabet’s strong financial performance and consistent dividend payments make it an attractive investment for both institutional and retail investors.

Regulatory Considerations

  • The filing with the SEC indicates compliance with regulatory requirements for disclose