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Tue Jan 21 12:20:00 UTC 2025: **Alphabet (GOOG) Sees Increased Institutional Investment Despite Insider Selling**
**Sioux Falls, SD – January 25, 2025** – Several institutional investors have recently increased their holdings in Alphabet Inc. (NASDAQ:GOOG), while some insiders have reduced their stakes. This activity comes as Alphabet reported strong Q3 earnings, exceeding analyst expectations.
Client 1ST Advisory Group LLC acquired a new position in Alphabet valued at approximately $3.6 million during the fourth quarter, representing 1.4% of its portfolio. Meanwhile, several other firms boosted their holdings in the third quarter. Coldstream Capital Management Inc. increased its stake by 14.4%, Stevens Capital Management LP by 172.9%, Metis Global Partners LLC by 1.4%, and Verdence Capital Advisors LLC by 10.2%. In total, institutional investors own 27.26% of Alphabet’s stock.
Conversely, insider trading activity showed a different trend. Director Kavitark Ram Shriram sold 10,500 shares, representing a 3.08% decrease in his holdings, and CAO Amie Thuener O’toole sold 1,367 shares, a 4.93% decrease. Overall, insiders sold 133,387 shares in the last ninety days.
Despite the mixed signals from institutional and insider activity, Alphabet’s stock performance has been positive. The company exceeded Q3 earnings expectations, reporting $2.12 EPS compared to the estimated $1.83, and revenue of $88.27 billion. Analysts predict 8.03 EPS for the current year. Alphabet also declared a $0.20 quarterly dividend.
Analyst sentiment remains positive. Several firms recently raised their price targets and ratings for GOOG, including Oppenheimer, Seaport Res Ptn, Canaccord Genuity Group, and Jefferies Financial Group. The current average analyst rating is a “Moderate Buy,” with a consensus price target of $200.56. GOOG opened at $197.55 on Tuesday.
**Disclaimer:** *This news article is based on the provided text and does not constitute financial advice. Investment decisions should be made based on thorough research and consultation with a financial advisor.*