Envestnet Asset Management Inc. Acquires 622,523 Shares of Alphabet Inc. $GOOGL

Envestnet Asset Management Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 9.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,463,936 shares of the information services provider’s stock after buying an additional 622,523 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Alphabet worth $1,814,482,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Delta Asset Management LLC TN grew its position in Alphabet by 0.6% in the 3rd quarter. Delta Asset Management LLC TN now owns 6,153 shares of the information services provider’s stock valued at $1,496,000 after purchasing an additional 37 shares during the period. Matisse Capital grew its holdings in shares of Alphabet by 0.3% during the third quarter. Matisse Capital now owns 14,814 shares of the information services provider’s stock valued at $3,601,000 after buying an additional 38 shares during the last quarter. Breakwater Investment Management increased its position in shares of Alphabet by 1.0% during the third quarter. Breakwater Investment Management now owns 4,228 shares of the information services provider’s stock worth $1,028,000 after acquiring an additional 41 shares in the last quarter. Wealth Alliance Advisory Group LLC increased its position in shares of Alphabet by 1.0% during the third quarter. Wealth Alliance Advisory Group LLC now owns 4,045 shares of the information services provider’s stock worth $983,000 after acquiring an additional 41 shares in the last quarter. Finally, Clearview Wealth Advisors LLC raised its holdings in shares of Alphabet by 3.3% in the 3rd quarter. Clearview Wealth Advisors LLC now owns 1,281 shares of the information services provider’s stock worth $312,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $335.18, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction on Friday, January 30th. The shares were sold at an average price of $19.00, for a total value of $35,060,852.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,032,408 shares of company stock worth $94,926,707 in the last ninety days. Insiders own 11.64% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the subject of a number of recent research reports. Mizuho boosted their price objective on Alphabet from $400.00 to $410.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. DZ Bank reissued a “buy” rating on shares of Alphabet in a research report on Monday. Stifel Nicolaus reaffirmed a “buy” rating and set a $395.00 price objective (up from $346.00) on shares of Alphabet in a report on Thursday, February 5th. Loop Capital upgraded shares of Alphabet from a “hold” rating to a “buy” rating and increased their target price for the company from $260.00 to $320.00 in a report on Tuesday, November 18th. Finally, Guggenheim restated a “buy” rating and set a $375.00 price target (up from $330.00) on shares of Alphabet in a report on Monday, December 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $363.10.

Alphabet Trading Up 0.4%

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 company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $320.40 and its 200 day moving average is $277.29. The stock has a market capitalization of $3.67 trillion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.77 and a beta of 1.09.

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

Alphabet Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given 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 payout ratio is 7.77%.

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.

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.