Alphabet Inc. $GOOGL Stake Boosted by Cooper Financial Group

Cooper Financial Group boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,174 shares of the information services provider’s stock after buying an additional 2,658 shares during the period. Alphabet comprises 2.0% of Cooper Financial Group’s investment portfolio, making the stock its 13th largest holding. Cooper Financial Group’s holdings in Alphabet were worth $19,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Alphabet during the second quarter valued at approximately $21,944,208,000. Berkshire Hathaway Inc acquired a new position in Alphabet in the 3rd quarter worth approximately $4,338,397,000. Laurel Wealth Advisors LLC grew its position in Alphabet by 17,667.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 15,245,075 shares of the information services provider’s stock worth $2,686,640,000 after purchasing an additional 15,159,273 shares in the last quarter. Capital World Investors grew its position in Alphabet by 28.0% during the 3rd quarter. Capital World Investors now owns 53,107,572 shares of the information services provider’s stock worth $12,910,542,000 after purchasing an additional 11,605,785 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Alphabet by 51.7% during the 2nd quarter. Franklin Resources Inc. now owns 31,817,684 shares of the information services provider’s stock valued at $5,607,232,000 after purchasing an additional 10,843,853 shares during the period. 40.03% of the stock is owned by hedge funds and other institutional investors.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Expanded commercial AI partnerships that can drive Google Cloud adoption and future revenue: Openreach will use Google Cloud AI to speed UK fibre rollout and cut fleet emissions, signalling enterprise demand for Google’s AI services. Openreach taps Google AI to speed fibre rollout, cut emissions
• Positive Sentiment: Product/customer wins that validate Gemini and robotics strategy: Google’s DeepMind is partnering with Agile Robots to integrate Gemini Robotics models with hardware, and Gap will enable checkout inside Gemini — both are signs of commercial traction for Google’s AI stack. Google partners with Agile Robots, growing its AI robotics footprint Gap becomes the first major fashion company to offer checkout within Google’s Gemini
• Neutral Sentiment: Institutional / infrastructure deals show adoption but limited immediate impact on margins: BMO and CME are launching a tokenized cash platform with Google Cloud, a strategic enterprise use-case that supports long-term Cloud revenue diversification. BMO to launch tokenized cash platform with CME and Google Cloud
• Neutral Sentiment: New service rollouts expand optionality but are not yet material to revenue: Alphabet’s Wing plans Bay Area drone deliveries, illustrating continued experimentation in logistics and consumer services. Alphabet’s Wing to start drone delivery in San Francisco Bay Area
• Neutral Sentiment: Data items on short interest appear inconsistent/zero in the reports provided; treat as unreliable until exchanges confirm filings. (Multiple aggregated short-interest entries)
• Negative Sentiment: Regulatory and policy scrutiny of AI is a clear near-term risk: the EU competition/antitrust chief is meeting Alphabet’s CEO alongside other Big Tech leaders about AI dominance — increased regulatory oversight could pressure multiples or force business changes. EU antitrust chief meets Google, Meta, OpenAI, Amazon CEOs amidst AI scrutiny
• Negative Sentiment: Market sentiment and news flow are weighing on the stock today: several market pieces highlight the share decline and analyst commentary, which can amplify selling pressure even absent new fundamentals. Alphabet (GOOGL) Registers a Bigger Fall Than the Market: Important Facts to Note

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total value of $10,006,425.00. Following the completion of the sale, the chief executive officer owned 1,642,060 shares of the company’s stock, valued at $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Kent Walker sold 47,574 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total value of $14,341,182.30. Following the completion of the sale, the insider directly owned 13,227 shares of the company’s stock, valued at $3,987,279.15. This represents a 78.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,110,165 shares of company stock valued at $118,134,117 in the last three months. 11.55% of the stock is currently owned by company insiders.

Alphabet Trading Down 3.8%

NASDAQ:GOOGL opened at $290.44 on Wednesday. The company has a market capitalization of $3.51 trillion, a P/E ratio of 26.87, a P/E/G ratio of 1.77 and a beta of 1.10. The stock’s 50 day moving average price is $316.12 and its 200 day moving average price is $294.46. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a 52 week low of $140.53 and a 52 week high of $349.00.

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

Alphabet Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s payout ratio is presently 7.77%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GOOGL. Wall Street Zen lowered Alphabet from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Monday, February 9th. KeyCorp set a $370.00 price objective on Alphabet and gave the stock an “overweight” rating in a research note on Thursday, February 5th. China Renaissance raised their price objective on Alphabet from $330.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, Moffett Nathanson upped their target price on Alphabet from $305.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Three equities 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 company. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $367.18.

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.