Bronte Capital Management Pty Ltd. Has $103.84 Million Position in Alphabet Inc. $GOOGL

Bronte Capital Management Pty Ltd. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 17.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 427,139 shares of the information services provider’s stock after selling 88,909 shares during the quarter. Alphabet accounts for 14.2% of Bronte Capital Management Pty Ltd.’s portfolio, making the stock its 2nd largest holding. Bronte Capital Management Pty Ltd.’s holdings in Alphabet were worth $103,837,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Howe & Rusling Inc. boosted its stake in shares of Alphabet by 1.8% in the 3rd quarter. Howe & Rusling Inc. now owns 6,461 shares of the information services provider’s stock valued at $1,571,000 after purchasing an additional 116 shares in the last quarter. Gallacher Capital Management LLC lifted its holdings in Alphabet by 7.9% during the 3rd quarter. Gallacher Capital Management LLC now owns 4,054 shares of the information services provider’s stock valued at $985,000 after purchasing an additional 296 shares during the last quarter. Financial Alternatives Inc boosted its position in Alphabet by 8.0% in the third quarter. Financial Alternatives Inc now owns 1,628 shares of the information services provider’s stock valued at $396,000 after buying an additional 121 shares in the last quarter. Savant Capital LLC grew its stake in Alphabet by 15.9% during the third quarter. Savant Capital LLC now owns 174,328 shares of the information services provider’s stock worth $42,379,000 after buying an additional 23,929 shares during the last quarter. Finally, Flynn Zito Capital Management LLC increased its holdings in shares of Alphabet by 12.9% during the third quarter. Flynn Zito Capital Management LLC now owns 4,457 shares of the information services provider’s stock worth $1,084,000 after buying an additional 511 shares in the last quarter. 40.03% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway kept its Alphabet stake while cutting Amazon — a high-profile endorsement of Alphabet’s cloud/AI strategy that investors view as a vote of confidence. Read More.
• Positive Sentiment: Strategic demand signal: India’s Adani Group plans a massive AI data-center investment with Google and others, implying future hyperscaler cloud demand in a large growth market. Read More.
• Positive Sentiment: Product roadmap: Google I/O set for May (expectations for AI glasses and other AI-driven consumer launches) provides a visible catalyst for new product monetization. Read More.
• Positive Sentiment: Operational/ESG tailwind: a long-term geothermal PPA will supply Google’s Nevada operations, supporting data-center resilience and sustainability goals. Read More.
• Neutral Sentiment: Waymo oversight: Waymo defended its use of remote-assistance workers to Congress, which clarifies operations but leaves regulatory attention intact. Read More.
• Neutral Sentiment: Product refresh: Google introduced the $499 Pixel 10a with AI features — positive for device ecosystem but modest near-term revenue impact versus cloud/ads. Read More.
• Neutral Sentiment: Insider activity: Director John Hennessy sold 600 shares (small dollar amount relative to market cap) — noted by the market but not a material red flag. Read More.
• Negative Sentiment: High-profile trimming: Terry Smith (Fundsmith) reportedly cut about half of his Alphabet position — a headline that can create short-term selling pressure or signal rotation. Read More.
• Negative Sentiment: Macro/strategy risk: Analysts and coverage flag near-term pullback due to Alphabet’s elevated AI/compute CapEx and broader megacap rotation; some pieces call the stock in correction territory. Read More.
• Negative Sentiment: Service reliability: a recent YouTube outage (tens of thousands affected) briefly tests trust in Google’s consumer platforms and could draw short-term media attention. Read More.

Alphabet Price Performance

NASDAQ:GOOGL opened at $303.33 on Thursday. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $349.00. The firm has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 1.77 and a beta of 1.09. The stock’s 50 day moving average price is $320.40 and its two-hundred day moving average price is $277.29. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Wednesday, February 4th. The information services provider reported $2.82 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 business had revenue of $113.83 billion during the quarter, compared to the consensus estimate of $111.24 billion. On average, analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $327.30, for a total value of $10,637,250.00. Following the completion of the transaction, the chief executive officer owned 2,211,872 shares of the company’s stock, valued at $723,945,705.60. This represents a 1.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the sale, the chief accounting officer directly owned 8,962 shares in the company, valued at approximately $2,798,832.60. The trade was a 23.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,032,408 shares of company stock worth $94,926,707 over the last three months. Company insiders own 11.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Phillip Securities upgraded Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, November 7th. Raymond James Financial raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Morgan Stanley raised their target price on Alphabet from $270.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. HSBC lifted their price target on Alphabet from $335.00 to $370.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Rosenblatt Securities increased their price objective on shares of Alphabet from $279.00 to $357.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $363.10.

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.