Alphabet Inc. $GOOGL is Chase Investment Counsel Corp’s 3rd Largest Position

Chase Investment Counsel Corp increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 58.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,816 shares of the information services provider’s stock after purchasing an additional 21,629 shares during the period. Alphabet accounts for 4.2% of Chase Investment Counsel Corp’s portfolio, making the stock its 3rd biggest position. Chase Investment Counsel Corp’s holdings in Alphabet were worth $14,298,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Brooktree Capital Management bought a new position in shares of Alphabet during the second quarter valued at approximately $352,000. Griffin Asset Management Inc. boosted its position 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 worth $14,277,000 after purchasing an additional 7,180 shares in the last quarter. Sovran Advisors LLC boosted its position in shares of Alphabet by 23.6% in the 3rd quarter. Sovran Advisors LLC now owns 22,219 shares of the information services provider’s stock worth $5,401,000 after purchasing an additional 4,241 shares in the last quarter. Birchcreek Wealth Management LLC grew its stake 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 buying an additional 223 shares during the last quarter. Finally, Centerpoint Advisory Group grew its stake in shares of Alphabet by 21.0% in the 2nd quarter. Centerpoint Advisory Group now owns 2,407 shares of the information services provider’s stock worth $424,000 after buying an additional 418 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 2.6%

Shares of NASDAQ:GOOGL opened at $306.36 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The company has a market cap of $3.71 trillion, a P/E ratio of 28.34, a PEG ratio of 1.75 and a beta of 1.10. The stock’s fifty day moving average price is $319.79 and its 200-day moving average price is $287.62.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data 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 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be paid a $0.21 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is currently 7.77%.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $303.38, for a total value of $9,859,850.00. Following the sale, the chief executive officer owned 1,674,560 shares in the company, valued at approximately $508,028,012.80. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frances Arnold sold 112 shares of Alphabet stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $302.99, for a total transaction of $33,934.88. Following the completion of the sale, the director directly owned 18,418 shares of the company’s stock, valued at approximately $5,580,469.82. This trade represents a 0.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,112,493 shares of company stock valued at $118,605,094. Company insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Jefferies Financial Group lifted their price objective on Alphabet from $365.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Citizens Jmp reissued a “market outperform” rating and issued a $385.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Stifel Nicolaus restated a “buy” rating and set a $395.00 price target (up from $346.00) on shares of Alphabet in a report on Thursday, February 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $395.00 price target (up from $365.00) on shares of Alphabet in a research report on Thursday, February 5th. Finally, Sanford C. Bernstein upped their price target on shares of Alphabet from $305.00 to $335.00 and gave the stock a “market perform” rating in a research note on Monday, February 2nd. Three investment 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’s stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $367.18.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analyst and media coverage highlighting Alphabet’s AI progress and market outperformance helped lift sentiment — multiple headlines noted the stock outpaced the market and framed Google as a top AI investment. Alphabet (GOOGL) Exceeds Market Returns: Some Facts to Consider
• Positive Sentiment: Buy-side and retail commentary continues to position Alphabet as a core AI play (search monetization + enterprise AI/Gemini), supporting the rally and investor willingness to re-rate growth expectations. You Don’t Need Polymarket to Make a Winning Bet. Just Buy This AI Stock.
• Neutral Sentiment: Small-cap AI infrastructure startup news (Crafting) and other ecosystem activity remind investors that AI innovation is broadening, but these announcements have limited direct near-term impact on Alphabet’s fundamentals. Crafting Announces General Availability of Crafting for Agents and $5.5M Seed Round
• Neutral Sentiment: Reported short-interest figures are effectively zero in the recent snapshot (odd data point), meaning short squeezes look unlikely to be a direct driver right now.
• Negative Sentiment: Insider selling by Alphabet’s CEO — a disclosed sale of roughly $9.86M — can weigh on sentiment and is being noted by market participants as a near-term negative catalyst. Insider Selling: Alphabet (NASDAQ:GOOGL) CEO Sells $9,859,850.00 in Stock
• Negative Sentiment: Competitive pressure from Microsoft’s aggressive AI/cloud positioning (Anthropic/OpenAI partnerships, Azure demand) is a reigning concern for investors who weigh enterprise cloud share and model-agnostic infrastructure as a risk to Alphabet’s cloud/AI monetization runway.

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.