124,446 Shares in Alphabet Inc. $GOOG Bought by First Horizon Corp

First Horizon Corp purchased a new position in Alphabet Inc. (NASDAQ:GOOG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 124,446 shares of the information services provider’s stock, valued at approximately $30,309,000. Alphabet makes up 1.4% of First Horizon Corp’s holdings, making the stock its 11th largest holding.

Several other large investors have also made changes to their positions in the business. Vicus Capital raised its stake in Alphabet by 18.6% during the 3rd quarter. Vicus Capital now owns 7,006 shares of the information services provider’s stock valued at $1,706,000 after purchasing an additional 1,099 shares during the period. MGO One Seven LLC boosted its stake in Alphabet by 10.2% in the 3rd quarter. MGO One Seven LLC now owns 106,653 shares of the information services provider’s stock worth $25,975,000 after purchasing an additional 9,849 shares during the period. Meeder Asset Management Inc. grew its holdings in Alphabet by 22.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 322,003 shares of the information services provider’s stock valued at $78,424,000 after buying an additional 59,797 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Alphabet by 22.3% during the third quarter. Citizens Financial Group Inc. RI now owns 279,844 shares of the information services provider’s stock valued at $68,156,000 after buying an additional 51,025 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its position in shares of Alphabet by 1.6% during the third quarter. Meeder Advisory Services Inc. now owns 107,237 shares of the information services provider’s stock valued at $26,117,000 after buying an additional 1,671 shares during the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Down 0.8%

GOOG opened at $330.34 on Monday. The stock has a 50-day moving average of $312.04 and a 200 day moving average of $256.10. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $341.20. The firm has a market cap of $3.99 trillion, a P/E ratio of 32.58, a P/E/G ratio of 1.82 and a beta of 1.09.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 30th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.58. The business had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $2.12 EPS. As a group, research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a dividend of $0.21 per share. The ex-dividend date was Monday, December 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. Alphabet’s payout ratio is 8.28%.

Analyst Ratings Changes

GOOG has been the subject of several research analyst reports. BNP Paribas began coverage on shares of Alphabet in a research note on Monday, November 24th. They set an “outperform” rating for the company. Sanford C. Bernstein raised their price objective on Alphabet from $260.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. TD Cowen lifted their target price on Alphabet from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Loop Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Cantor Fitzgerald upgraded Alphabet from a “neutral” rating to an “overweight” rating in a report on Thursday, January 8th. Seven investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Alphabet currently has an average rating of “Buy” and an average price target of $320.31.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Major commercial validation — Apple’s decision to use Google’s Gemini to power the next-generation Siri is being treated as a high-margin licensing win and a distribution multiplier for Gemini; MarketBeat highlights this deal as a key catalyst behind Alphabet clearing a $4 trillion market cap. Alphabet Tops $4 Trillion Valuation as AI Momentum Runs HotMarketBeat: Alphabet Tops $4 Trillion Valuation
• Positive Sentiment: Product momentum — DeepMind and Google product teams are working closely (DeepMind CEO says daily dialogue with Google CEO) as Gemini and other AI features (e.g., Personal Intelligence) accelerate integration across Google apps — supports revenue/monetization pathways. DeepMind CEO is talking to Google CEO ‘every day’ as lab ramps up competition with OpenAICNBC: DeepMind/Google collaboration
• Positive Sentiment: Analyst and market momentum — Multiple analyst upgrades and higher price targets (Goldman, BofA, Wells Fargo, Cantor, Jefferies) plus bullish media commentary (including Jim Cramer) are supporting investor sentiment and inflows. Is Alphabet Inc. (GOOGL) The Most Profitable US Stock to Buy?InsiderMonkey: analyst coverage & targets
• Neutral Sentiment: Commercial pilots & partnerships — Google will power agentic AI for Woolworths’ Olive chatbot in Australia later this year, a useful commercial test but limited near-term revenue impact. Do Woolworths shoppers want Google AI adding items to buy? We’ll soon find outTechXplore: Woolworths pilot
• Neutral Sentiment: Sector tailwinds — Large forecasts for AI spending boost the long-term thesis for hyperscalers, but they also imply higher capex and competitive intensity across cloud and GPU suppliers. NVDA, GOOGL, META: AI Spending Forecast to Hit $2.53 Trillion This YearTipRanks: AI spending forecast
• Negative Sentiment: Regulatory/legal risk — Google asked a U.S. judge to pause an order forcing it to share data with rivals while it appeals an antitrust ruling; litigation outcomes could materially affect search economics and competitive positioning. Google asks US judge to defer order forcing it to share data while it appealsReuters: appeal to defer data-sharing order
• Negative Sentiment: AI training litigation — Major publishers are seeking to join a class-action suit alleging Google used copyrighted works to train AI models; potential damages, injunctions or limits on training data could raise costs and slow model development. Publishers seek to join lawsuit against Google over AI trainingReuters: publishers move to join lawsuit
• Negative Sentiment: Insider selling & operational constraints — Reports show heavy insider sales (including large Sundar Pichai stock disposals) and Alphabet warns U.S. electrical transmission bottlenecks are slowing data‑centre hookups, which could constrain capacity growth for cloud/AI workloads. Insider selling and lobbying disclosureQuiverQuant: insider sales / lobbying • Google says US transmission system is biggest challenge for connecting data centersReuters: data-center transmission constraints

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 600 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $337.52, for a total value of $202,512.00. Following the sale, the director directly owned 21,224 shares of the company’s stock, valued at $7,163,524.48. This represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 17,829 shares of the firm’s stock in a transaction dated Tuesday, December 30th. The stock was sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the completion of the sale, the insider directly owned 42,972 shares of the company’s stock, valued at approximately $13,531,453.08. The trade was a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 192,687 shares of company stock valued at $58,728,068. 12.99% of the stock is currently owned by company insiders.

Alphabet Profile

Alphabet Inc (NASDAQ: GOOG) is a multinational technology holding company headquartered in Mountain View, California. Formed in 2015 through a corporate restructuring of Google, Alphabet serves as the parent to Google LLC and a portfolio of businesses collectively known as “Other Bets.” Google was originally founded in 1998 by Larry Page and Sergey Brin; Alphabet is led by CEO Sundar Pichai, who oversees Google and the broader company while the founders remain prominent shareholders and influential figures in the company’s history.

Alphabet’s core business centers on internet search and advertising, with Google Search and the company’s ad platforms (including Google Ads and AdSense) generating the majority of revenue by connecting advertisers with consumers worldwide.