Coatue Management 13F: Cuts Alphabet (GOOGL) Stake by $901M

Coatue Management has trimmed its investment in Alphabet Inc. (NasdaqGS: GOOGL), cutting its stake by 2,528,010 shares. As of the latest filing for the first quarter of 2026, Coatue holds 4,313,426 shares valued at approximately $1.55 billion. This represents a 37% reduction from its previous holdings of 6,841,436 shares.

What Changed in Coatue Management's Alphabet Position

Coatue Management significantly reduced its position in Alphabet, selling over 2.5 million shares. This cut brings its total holdings to just over 4.3 million shares, marking a 37% decrease. The remaining shares are valued at about $1.55 billion as of the end of the first quarter of 2026, according to the latest Form 13F filing.

Other Institutional Activity in Alphabet

Several other major institutional investors also adjusted their positions in Alphabet. BlackRock, Inc. increased its holdings by 4,993,149 shares, bringing its total to nearly 447 million shares worth $128.53 billion. Vanguard Capital Management LLC added 378,261,579 shares, now holding that same amount valued at $108.77 billion. FMR LLC grew its stake by 4,766,553 shares to 236,544,675 shares, valued at $68.02 billion. On the other hand, State Street Corp reduced its position by 2,037,823 shares, leaving it with 226,259,132 shares valued at $65.06 billion.

Alphabet Inc. Stock Up 2.6%

Shares of Alphabet Inc. (NasdaqGS: GOOGL) are trading around $359.67. The company boasts a market capitalization of approximately $4.39 trillion and has a price-to-earnings (P/E) ratio of 27.48. Alphabet's stock has fluctuated between a 52-week low of $162.00 and a high of $408.61. The 50-day moving average is $361.01, while the 200-day moving average stands at $307.18. Alphabet maintains a current ratio of 1.92 and a quick ratio of 1.71, with a debt-to-equity ratio of 20.03.

Recent Earnings

Alphabet reported a revenue of $422.50 billion, reflecting a growth of 21.8%. The company's earnings per share (EPS) stand at $13.09, with a net margin of 37.9% and a return on equity (ROE) of 38.88%. The next earnings report is scheduled for April 29, 2026.

Dividend

Alphabet offers an annual dividend rate of $0.88, translating to a yield of 0.25%. The dividend payout ratio is relatively low at 6.41%.

Insider Buying and Selling at Alphabet Inc.

Several insiders at Alphabet have been active in the stock market. On May 29, 2026, Shriram Kavitark Ram sold 175,304 shares, while Frances Arnold sold 102 shares at an average price of $381. On the same day, Shriram Kavitark Ram also bought back the same amount of 175,304 shares. On May 25, 2026, Sundar Pichai, the CEO, purchased 3,666 shares, while Anat Ashkenazi, the CFO, sold 1,763 shares.

Analysts Set New Price Targets

Analysts remain optimistic about Alphabet's prospects. On June 2, 2026, HSBC maintained its 'buy' rating with a price target of $420. Piper Sandler also maintained a 'buy' on June 1, setting a target of $445. Truist Securities and Wells Fargo both reiterated their 'buy' ratings with targets of $430 and $435, respectively. The consensus among 53 analysts rates the stock as a 'strong buy', with an average price target of $432.83.

About Alphabet Inc.

Alphabet Inc., headquartered in Mountain View, California, is a global leader in the communication services sector. The company operates through segments like Google Services, Google Cloud, and Other Bets, offering a wide range of products including Google Search, YouTube, and Android. Led by CEO Sundar Pichai, Alphabet employs over 194,000 people worldwide.

Bottom Line

Coatue Management's recent reduction in its Alphabet holdings highlights the dynamic nature of institutional investments. While Alphabet remains a technology giant with significant market influence, these 13F filings reflect only past positions. Investors and analysts will continue to monitor Alphabet's performance and strategic moves closely.