Checchi Capital Advisers LLC Has $10.54 Million Stake in Alphabet Inc. $GOOGL

Checchi Capital Advisers LLC reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 11.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,334 shares of the information services provider’s stock after selling 5,769 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Alphabet were worth $10,535,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Moment Partners LLC boosted its stake in Alphabet by 9.3% in the 2nd quarter. Moment Partners LLC now owns 5,896 shares of the information services provider’s stock valued at $1,039,000 after buying an additional 504 shares in the last quarter. Welch Group LLC lifted its holdings in shares of Alphabet by 4.0% during the second quarter. Welch Group LLC now owns 64,262 shares of the information services provider’s stock valued at $11,325,000 after acquiring an additional 2,467 shares during the period. Brooktree Capital Management bought a new position in shares of Alphabet during the second quarter valued at $352,000. Griffin Asset Management Inc. boosted its stake in shares of Alphabet by 13.9% in the 3rd quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider’s stock valued at $14,277,000 after purchasing an additional 7,180 shares in the last quarter. Finally, Birchcreek Wealth Management LLC grew its holdings in shares of Alphabet by 2.9% in the 2nd quarter. Birchcreek Wealth Management LLC now owns 8,028 shares of the information services provider’s stock worth $1,415,000 after purchasing an additional 223 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Up 0.4%

NASDAQ:GOOGL opened at $303.33 on Thursday. 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 Inc. has a 12-month low of $140.53 and a 12-month high of $349.00. The stock’s fifty day simple moving average is $320.40 and its 200-day simple moving average is $277.29. The firm has a market capitalization of $3.67 trillion, a P/E ratio of 28.06, a P/E/G ratio of 1.77 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. Equities research analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on GOOGL shares. Piper Sandler reissued an “overweight” rating and set a $395.00 price target (up from $365.00) on shares of Alphabet in a report on Thursday, February 5th. BNP Paribas Exane assumed coverage on Alphabet in a report on Monday, November 24th. They issued an “outperform” rating and a $355.00 target price on the stock. Royal Bank Of Canada increased their price target on Alphabet from $375.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Loop Capital upgraded Alphabet from a “hold” rating to a “buy” rating and lifted their price objective for the company from $260.00 to $320.00 in a research report on Tuesday, November 18th. Finally, HSBC boosted their price objective on Alphabet from $335.00 to $370.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Three research analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $363.10.

Key Alphabet News

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.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 600 shares of Alphabet stock in a transaction on Friday, February 13th. The shares were sold at an average price of $306.73, for a total transaction of $184,038.00. Following the transaction, the director directly owned 20,624 shares of the company’s stock, valued at $6,325,999.52. This trade represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $335.18, for a total transaction of $10,893,350.00. Following the completion of the transaction, the chief executive officer directly owned 2,179,372 shares of the company’s stock, valued at $730,481,906.96. This trade represents a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,032,408 shares of company stock valued at $94,926,707. Corporate insiders own 11.64% of the company’s stock.

Alphabet 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.