Chase Investment Counsel Corp Acquires 1,974 Shares of Alphabet Inc. $GOOG

Chase Investment Counsel Corp raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 145.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,327 shares of the information services provider’s stock after buying an additional 1,974 shares during the quarter. Chase Investment Counsel Corp’s holdings in Alphabet were worth $810,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Alphabet by 1.3% in the second quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock valued at $73,927,821,000 after purchasing an additional 5,182,111 shares in the last quarter. State Street Corp increased its holdings in shares of Alphabet by 1.3% in the 2nd quarter. State Street Corp now owns 188,914,125 shares of the information services provider’s stock worth $33,511,477,000 after buying an additional 2,428,266 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Alphabet by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 107,760,033 shares of the information services provider’s stock valued at $19,022,926,000 after buying an additional 441,177 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Alphabet by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock valued at $24,240,469,000 after buying an additional 7,904,434 shares in the last quarter. Finally, Sanders Capital LLC lifted its holdings in shares of Alphabet by 6.4% during the 2nd quarter. Sanders Capital LLC now owns 35,357,943 shares of the information services provider’s stock worth $6,272,146,000 after acquiring an additional 2,117,990 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Mizuho set a $325.00 price target on Alphabet in a research report on Thursday, October 30th. Pivotal Research reiterated a “buy” rating and set a $420.00 price objective (up from $400.00) on shares of Alphabet in a research report on Thursday, February 5th. Loop Capital raised Alphabet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Wedbush reaffirmed an “outperform” rating and issued a $370.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $375.00 price target on shares of Alphabet in a research report on Thursday, January 15th. Nine analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Alphabet presently has a consensus rating of “Buy” and an average price target of $343.90.

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Large AI-infrastructure customer win — Meta has agreed to rent Google’s Tensor Processing Units for model training, a multibillion‑dollar deal that directly supports Google Cloud & TPU revenue and validates Google’s chip strategy. Google signs multibillion-dollar AI chip deal with Meta, Information reports
• Positive Sentiment: Product momentum in generative AI — Google launched Nano Banana 2, an upgraded, faster image‑generation model that improves UX in Gemini/Search and can increase user engagement across Google properties. Google rolls out Nano Banana 2 after viral success of AI image generation tool
• Positive Sentiment: Cloud/AI fundamentals remain strong — analyst commentary highlights accelerating Google Cloud revenue and AI demand (large backlog cited), reinforcing the growth narrative that underpins long‑term earnings. AI Push Provides a Boost to GOOGL’s Cloud Business: More Upside Ahead?
• Positive Sentiment: Analyst support — Wells Fargo recently upgraded Alphabet, which can help sentiment and provide buying interest amid pullbacks. Wells Fargo upgrades Alphabet (GOOG)
• Neutral Sentiment: Robotics and AV consolidation — Alphabet folded robotics software unit Intrinsic into Google and is expanding Waymo testing (Chicago/Charlotte); strategic for long‑term diversification but limited near‑term revenue impact. Alphabet-owned robotics software company Intrinsic joins Google
• Neutral Sentiment: Mixed analyst/market takes — coverage pieces compare Alphabet to other AI/cloud players; useful for framing valuation debates but not an immediate catalyst. Must-Track Streaming Stocks in the Evolving Media Landscape
• Negative Sentiment: CapEx and margin worries — market commentary and forum summaries point to investor anxiety over very large AI infrastructure spending (prior guidance and projected 2026 capex), which can pressure margins and drove earlier after‑hours weakness. Alphabet Stock (GOOG) Opinions on Q4 Earnings and Capex Guidance
• Negative Sentiment: Hidden/long‑term infrastructure obligations — a Moody’s‑cited report highlights large off‑balance‑sheet data‑center lease commitments across hyperscalers, underscoring potential future costs and financing risks. Hidden AI Costs? Big Tech Hyperscalers Hold $662 Billion In Off-Balance-Sheet Data Center Leases: Report
• Negative Sentiment: Positioning changes and selling — some funds have trimmed GOOGL stakes and there are reports of insider/manager selling that can add downward pressure in a pullback. MIG Capital Cuts Alphabet Inc. Class C Stake

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $327.30, for a total transaction of $10,637,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,211,872 shares of the company’s stock, valued at approximately $723,945,705.60. This represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,112,482 shares of company stock worth $119,145,289 over the last ninety days. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

GOOG opened at $307.15 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The stock’s 50 day simple moving average is $321.43 and its 200 day simple moving average is $282.05. The firm has a market cap of $3.72 trillion, a price-to-earnings ratio of 28.41, a PEG ratio of 1.84 and a beta of 1.10. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The firm had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. During the same quarter in the prior year, the firm posted $2.15 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Announces Dividend

The company 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. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is 7.77%.

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.