Elm Partners Management LLC Acquires New Position in Alphabet Inc. $GOOGL

Elm Partners Management LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOGL) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,487 shares of the information services provider’s stock, valued at approximately $1,821,000.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Alphabet by 1.3% during the second quarter. Vanguard Group Inc. now owns 516,559,609 shares of the information services provider’s stock worth $91,033,300,000 after acquiring an additional 6,733,278 shares during the period. State Street Corp raised its position in shares of Alphabet by 1.8% during the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after purchasing an additional 4,008,374 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Alphabet by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 141,615,284 shares of the information services provider’s stock worth $24,857,017,000 after purchasing an additional 4,224,497 shares during the last quarter. Norges Bank acquired a new position in Alphabet during the 2nd quarter valued at approximately $21,944,208,000. Finally, Invesco Ltd. grew its stake in Alphabet by 1.2% during the 2nd quarter. Invesco Ltd. now owns 44,151,820 shares of the information services provider’s stock worth $7,780,875,000 after buying an additional 503,306 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $302.02 on Wednesday. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $349.00. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.65 trillion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. The company’s 50-day moving average price is $320.73 and its two-hundred day moving average price is $277.10.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 7.77%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Susquehanna raised their target price on Alphabet from $225.00 to $350.00 and gave the company a “positive” rating in a research note on Thursday, October 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $395.00 price objective (up from $346.00) on shares of Alphabet in a research report on Thursday, February 5th. Wells Fargo & Company set a $354.00 target price on shares of Alphabet and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and issued a $375.00 price target (up previously from $330.00) on shares of Alphabet in a research note on Tuesday, January 13th. Finally, Arete Research boosted their price objective on Alphabet from $380.00 to $405.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $363.10.

Insider Activity at Alphabet

In related news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction on Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $306.73, for a total value of $184,038.00. Following the sale, the director directly owned 20,624 shares of the company’s stock, valued at approximately $6,325,999.52. This represents a 2.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,032,408 shares of company stock worth $94,926,707. 11.55% of the stock is owned by corporate insiders.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud momentum: reported/covered Cloud revenue growth (surge ~48% Y/Y) that underpins upside in enterprise AI demand and improves near-term monetization outlook. Google (GOOGL) Cloud Revenue Just Surged 48%
• Positive Sentiment: Product roadmap / AI hardware: Google I/O set for May 19–20, with expectations of a 2026 launch for Google’s first smart AI glasses — a potential new consumer product cycle and headline AI device. Google announces I/O developer conference where AI glasses could be rolled out
• Positive Sentiment: Strategic partnership and infrastructure demand: India’s Adani Group plans a large investment in AI data centers alongside Google and Microsoft — signals increased hyperscaler demand and cloud expansion in a major market. India’s Adani Group To Invest $100 Billion In AI Data Centers
• Positive Sentiment: Big investor confidence signal: Berkshire Hathaway’s Q4 filing kept its Alphabet stake steady while trimming Amazon — a high-profile vote of confidence in Alphabet’s cloud/AI strategy. Berkshire & AI Hyperscalers: Buffett Holds GOOGL, Dumps AMZN
• Positive Sentiment: Green-energy support for operations: Ormat signed a long-term geothermal PPA to supply Google in Nevada — reduces energy / ESG risk for data center operations. Ormat signs 150 MW geothermal power deal with NV Energy to supply Google in Nevada
• Neutral Sentiment: Waymo regulatory/oversight: Waymo defended its use of remote-assistance staff to Congress and said they haven’t been used to drive robotaxis on public roads — reduces some regulatory uncertainty but keeps oversight visible. Waymo defends use of remote assistance workers in robotaxi operations
• Negative Sentiment: High-profile stake reduction: Terry Smith (Fundsmith) reportedly sold about half his Alphabet holding — a headline that can add selling pressure or signal rotation among institutional holders. The ‘English Warren Buffett’ Just Dumped Half His Alphabet Stake
• Negative Sentiment: Regulatory/geopolitical risk in India: New talks of age-based social media restrictions in India could reduce engagement/ads across platforms, representing a regional regulatory risk for ad revenue. India discussing age-based restrictions with social media firms, top minister says
• Negative Sentiment: CapEx & tech-rotation pressure: Analysts and coverage note that Alphabet’s elevated 2026 CapEx plan to scale AI compute (reported guidance cited previously) has contributed to a short-term pullback amid broader megacap profit-taking. Alphabet’s Pullback: A Second Chance for Long-Term Investors?

Alphabet Company Profile

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.