Coatue Management Reduces $313M in Alphabet Inc. ($GOOG)
Coatue Management reduced its holdings in Alphabet Inc., selling 884,651 shares.
Key Points
- Coatue Management cut its stake in Alphabet Inc. by 44%, reducing its holdings by 884,651 shares to 1.12 million shares as of the latest 13F filing.
- Alphabet Inc. trades near $360.47 with a market cap of $4.37 trillion, a P/E ratio of 27.3, and a 52-week range of $163.33 to $404.47.
- Analyst firms like TD Cowen and Oppenheimer have maintained 'buy' ratings on Alphabet, with price targets ranging from $375 to $475.
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Coatue Management has reduced its stake in Alphabet Inc. (NasdaqGS: GOOG) by 44%, according to its latest 13F filing with the SEC. The fund sold 884,651 shares, leaving it with 1,115,885 shares valued at about $402.2 million as of the reporting period.
What Changed in Coatue Management's Alphabet Inc. Position
Coatue Management trimmed its holdings in Alphabet from 2,000,536 shares to 1,115,885 shares, a decrease of 884,651 shares. This represents a 44% reduction in its position, reflecting a significant adjustment in its investment strategy.
Other Institutional Activity in Alphabet Inc.
Other major funds have also been active in Alphabet. BlackRock, Inc. boosted its holdings by 3,509,845 shares, now owning 364,758,302 shares valued at approximately $104.6 billion. Vanguard Capital Management LLC added 302,262,176 shares, reaching a total of 302,262,176 shares worth about $86.7 billion. Meanwhile, State Street Corp reduced its stake by 1,388,111 shares, holding 185,714,752 shares valued at $53.3 billion. JPMorgan Chase & Co increased its position by 19,208,423 shares, ending with 119,811,316 shares valued around $32.7 billion.
Alphabet Inc. Stock Up 3.1%
Shares of Alphabet Inc. are trading near $360.47. The company has a market cap of approximately $4.37 trillion and a P/E ratio of 27.3. Its stock has seen a 52-week low of $163.33 and a high of $404.47. The 50-day moving average is $358.22, while the 200-day moving average stands at $306.76. Alphabet maintains a current ratio of 1.92 and a debt-to-equity ratio of 20.03, indicating solid liquidity and manageable leverage.
$GOOG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its most recent earnings report, Alphabet Inc. posted revenue of $422.5 billion, with a revenue growth rate of 21.8%. The company's net margin was 37.9%, and it achieved a return on equity of 38.9%. The next earnings announcement is scheduled for April 29, 2026.
Dividend
Alphabet Inc. offers an annual dividend rate of $0.88, yielding 0.25%. The dividend payout ratio is low at 6.41%, suggesting ample room for future dividend increases.
Insider Buying and Selling at Alphabet Inc.
Several insiders at Alphabet Inc. made transactions on June 17, 2024. Notably, Arnold Frances, Amie Thuener O'Toole, Ruth Porat, John Doerr, and Prabhakar Raghavan each acquired shares, though the transactions were small and not under any planned trading program.
Analysts Set New Price Targets
On June 9, 2026, TD Cowen maintained its 'buy' rating on Alphabet with a target price of $475. Oppenheimer also kept its 'buy' rating on May 15, 2026, setting a target of $445. The consensus among analysts is a 'strong buy', with an average target price of $409 based on 14 opinions.
About Alphabet Inc.
Alphabet Inc. is a leading global technology company headquartered in Mountain View, California. It operates through segments like Google Services, Google Cloud, and Other Bets, offering products such as ads, Android, Chrome, and YouTube. Under the leadership of CEO Sundar Pichai, Alphabet employs over 194,000 people worldwide.
Bottom Line
Coatue Management's recent reduction in its Alphabet stake is a notable move, reflecting the fund's strategic portfolio adjustments as reported in its 13F filing. Investors closely watch such filings for insights into institutional investment trends. Alphabet Inc. remains a major player in the tech sector, with robust financial metrics and strong analyst endorsements.
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