Brookstone Capital Management Decreases Stake in Alphabet Inc. $GOOGL

Brookstone Capital Management lowered its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 248,721 shares of the information services provider’s stock after selling 34,159 shares during the quarter. Alphabet accounts for about 0.9% of Brookstone Capital Management’s investment portfolio, making the stock its 18th biggest holding. Brookstone Capital Management’s holdings in Alphabet were worth $77,850,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. State Street Corp raised its stake in shares of Alphabet by 1.8% in the second quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock worth $40,524,841,000 after purchasing an additional 4,008,374 shares during the last quarter. Norges Bank purchased a new position in shares of Alphabet in the second quarter worth $21,944,208,000. Capital World Investors raised its stake in shares of Alphabet by 28.0% in the third 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 during the last quarter. Capital Research Global Investors raised its stake in shares of Alphabet by 15.7% in the third quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider’s stock worth $12,333,076,000 after purchasing an additional 6,874,381 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Alphabet by 2.3% in the third quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider’s stock worth $10,984,744,000 after purchasing an additional 1,034,292 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GOOGL shares. Deutsche Bank Aktiengesellschaft boosted their price target on Alphabet from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Barclays restated an “overweight” rating and issued a $360.00 price target (up from $315.00) on shares of Alphabet in a research note on Thursday, February 5th. Pivotal Research boosted their price target on Alphabet from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Arete Research lifted their price objective on Alphabet from $380.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, President Capital lifted their price objective on Alphabet from $323.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.33.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $299.99 on Tuesday. The stock has a 50-day simple moving average of $308.62 and a two-hundred day simple moving average of $297.26. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $349.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a market capitalization of $3.63 trillion, a PE ratio of 27.75, a P/E/G ratio of 1.81 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating 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 business had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. Analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Long-term Broadcom deal to build and supply custom AI chips through 2031 secures a multi-year supply path for Google’s next‑generation AI racks, lowering hardware risk for Google Cloud/AI scaling and supporting product rollout plans. Broadcom signs long-term deal to develop Google’s custom AI chips
• Positive Sentiment: A Wall Street analyst reaffirmed a constructive outlook on Alphabet, helping investor sentiment despite unit‑level challenges (notably in autonomous driving), which supports near‑term buying interest. Wall Street analyst updates Google stock price target
• Positive Sentiment: Alphabet stands to realize a sizeable paper gain from its early SpaceX stake if the IPO proceeds at reported valuations, an upside that can underpin long‑term investor thesis. 2 Stocks About To Make a Killing on the SpaceX IPO
• Neutral Sentiment: Broadcom’s expanded arrangement also includes providing computing capacity to Anthropic using Google’s AI processors — this could generate cloud‑revenue or cost recovery opportunities but also helps a competing AI vendor scale. Broadcom agrees to expanded chip deals with Google, Anthropic
• Neutral Sentiment: Intel’s push into advanced chip packaging and talks with cloud providers could reshape the supply chain and introduce new competition/partners for AI infrastructure; this is a sector development to monitor. Intel Targets Amazon, Google on AI Chip Packaging
• Neutral Sentiment: Analyst/opinion pieces highlighting Alphabet’s ~27x P/E and earnings outlook provide supportive narrative for value‑oriented investors but are commentary rather than new fundamentals. Alphabet: Why Strong Money Likes It At 27x P/E
• Negative Sentiment: Wells Fargo trimmed its price target on Alphabet, signaling some analyst caution that can weigh on sentiment even if the new target remains above current levels. Wells Fargo & Company Cuts Alphabet Price Target
• Negative Sentiment: Insider selling by Alphabet’s CAO was reported, a small but negative signal investors watch for timing and magnitude. Insider Selling: Alphabet CAO Sells Stock
• Negative Sentiment: Shareholder pressure and community opposition over water and power use have already led to abandoned data‑center projects; environmental and permitting risks could raise costs or delay capacity expansion. Investors press Amazon, Microsoft and Google on water, power use

Insider Buying and Selling 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 transaction 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 approximately $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 617 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total value of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares of the company’s stock, valued at $2,923,235.59. This represents a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,101,844 shares of company stock valued at $115,147,751 in the last ninety days. 11.64% of the stock is currently owned by company insiders.

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.