Elevatus Welath Management Acquires 5,190 Shares of Alphabet Inc. $GOOG

Elevatus Welath Management raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,847 shares of the information services provider’s stock after acquiring an additional 5,190 shares during the period. Alphabet makes up approximately 3.8% of Elevatus Welath Management’s investment portfolio, making the stock its 4th largest position. Elevatus Welath Management’s holdings in Alphabet were worth $14,073,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Imprint Wealth LLC acquired a new position in Alphabet during the third quarter worth $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet in the 3rd quarter worth $32,000. Tripletail Wealth Management LLC acquired a new stake in shares of Alphabet in the 3rd quarter worth $40,000. Retirement Wealth Solutions LLC raised its holdings in shares of Alphabet by 145.0% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock worth $48,000 after acquiring an additional 116 shares during the period. Finally, Bay Harbor Wealth Management LLC raised its holdings in shares of Alphabet by 56.8% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 218 shares of the information services provider’s stock worth $53,000 after acquiring an additional 79 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 955 shares of Alphabet stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $298.00, for a total value of $284,590.00. Following the completion of the transaction, the chief accounting officer owned 9,918 shares in the company, valued at approximately $2,955,564. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $303.41, for a total transaction of $318,580.50. Following the sale, the director directly owned 4,631 shares in the company, valued at approximately $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 2,092,234 shares of company stock valued at $112,487,971. 12.99% of the stock is owned by company insiders.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced Veo 3.1 Lite, a lower‑cost video AI model (same speed as Veo 3.1 Fast but at roughly half the cost) — this can broaden developer adoption, increase Google Cloud inference volume and improve monetization of AI services. Article Title
• Positive Sentiment: Alphabet rolled out Lyria 3 Pro for longer AI‑generated music tracks (up to 3 minutes), expanding its creative AI product stack and potential content‑creation revenue/use cases. Article Title
• Positive Sentiment: Wall Street remains constructive on Alphabet’s AI/cloud opportunity: analysts highlight strong cloud growth, big backlog and high price targets — supportive background for multiple‑quarter upside. Article Title
• Neutral Sentiment: Google researchers published a paper showing quantum computers may reduce resources needed to break ECDLP‑256 (bitcoin encryption) by ~20x — underscores Google’s R&D leadership but has limited direct revenue impact for Alphabet. Article Title
• Neutral Sentiment: GOOG’s weight in major ETFs (QQQ, VTI, VOO) means passive/ETF flows amplify moves — gains in broader tech/AI names helped bid the stock. Article Title
• Negative Sentiment: Legal/regulatory headlines remain a drag: coverage of a social‑media addiction verdict and related lawsuits has created headline risk and prompted caution among some investors (appeals expected). Article Title Article Title
• Negative Sentiment: Publishers reported traffic/margin pressure from Google search changes (e.g., Future Plc margin warning), highlighting potential downstream ad‑revenue and partnership frictions. Article Title
• Negative Sentiment: Regulatory scrutiny continues globally (e.g., Indonesian summons over child social media curbs), a reminder of policy risks that can create episodic volatility. Article Title

Alphabet Stock Up 5.0%

Shares of GOOG opened at $286.71 on Wednesday. The company’s 50-day moving average price is $311.08 and its 200 day moving average price is $296.33. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $350.15. 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 has a market cap of $3.47 trillion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, topping 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 company had revenue of $113.83 billion for the quarter, compared to analysts’ expectations of $111.24 billion. During the same period in the prior year, the firm earned $2.15 earnings per share. The firm’s revenue was up 18.0% compared to the same quarter last year. On average, sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GOOG. Wells Fargo & Company raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. Canaccord Genuity Group lifted their target price on shares of Alphabet from $330.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Wedbush reiterated an “outperform” rating and issued a $370.00 target price on shares of Alphabet in a report on Thursday, February 5th. Jefferies Financial Group reissued a “buy” rating and issued a $365.00 price target on shares of Alphabet in a research note on Monday, January 5th. Finally, Piper Sandler restated an “overweight” rating and set a $395.00 price target on shares of Alphabet in a report on Thursday, February 5th. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $345.71.

About Alphabet

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.