Dock Street Asset Management Inc. Sells 37,999 Shares of Alphabet Inc. $GOOGL

Dock Street Asset Management Inc. lessened its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 62.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,855 shares of the information services provider’s stock after selling 37,999 shares during the period. Alphabet comprises approximately 0.7% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 24th largest holding. Dock Street Asset Management Inc.’s holdings in Alphabet were worth $7,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GOOGL. PMV Capital Advisers LLC bought a new stake in Alphabet in the fourth quarter valued at approximately $38,000. iSAM Funds UK Ltd bought a new stake in Alphabet in the third quarter valued at approximately $53,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Alphabet in the third quarter valued at approximately $53,000. Corsicana & Co. bought a new stake in Alphabet in the third quarter valued at approximately $54,000. Finally, Sellwood Investment Partners LLC bought a new stake in Alphabet in the third quarter valued at approximately $63,000. Institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Royal Bank Of Canada upped their price objective on Alphabet from $375.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. DA Davidson upped their price objective on Alphabet from $300.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Truist Financial set a $385.00 price objective on Alphabet in a research note on Thursday, February 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $370.00 price objective on shares of Alphabet in a research note on Thursday, February 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-four have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $367.33.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $327.30, for a total transaction of $10,637,250.00. Following the sale, the chief executive officer owned 2,211,872 shares of the company’s stock, valued at $723,945,705.60. This represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,069,344 shares of company stock valued at $104,708,426 in the last ninety days. 11.55% of the stock is currently owned by company insiders.

Alphabet Price Performance

Alphabet stock opened at $305.46 on Wednesday. Alphabet Inc. has a 12 month low of $143.03 and a 12 month high of $349.00. The stock’s 50 day moving average is $308.04 and its 200-day moving average is $297.62. 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 company has a market capitalization of $3.70 trillion, a price-to-earnings ratio of 28.26, a PEG ratio of 1.81 and a beta of 1.12.

Alphabet (NASDAQ:GOOGL) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 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 company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

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

Trending Headlines about Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Broadcom signs a multi‑year deal to develop and supply Google’s next‑generation custom AI chips and data‑center components, reducing supply uncertainty for Google’s AI racks and supporting cloud/AI margin leverage. Broadcom signs long-term deal to develop Google’s custom AI chips (Reuters)
• Positive Sentiment: Expanded Broadcom/Google/Anthropic collaboration increases compute capacity commitments and validates strong demand for Google’s TPUs and rack infrastructure — a positive for Google Cloud positioning and unit economics. Broadcom agrees to expanded chip deals with Google, Anthropic (CNBC)
• Positive Sentiment: Anthropic’s increased compute deal with Google and Broadcom underscores rising demand for Google‑hosted model capacity and could boost revenue from enterprise AI partnerships. Anthropic ups compute deal with Google and Broadcom (TechCrunch)
• Positive Sentiment: CEO Sundar Pichai says the AI shift creates more opportunities to invest in startups (SpaceX, Anthropic cited), signaling proactive capital deployment into strategic AI partners and potential long‑term ecosystem benefits. Pichai: AI shift opens opportunities to invest in startups (CNBC)
• Positive Sentiment: Waymo opens driverless rides to the public in Nashville, advancing commercial autonomy efforts and potential ride‑hailing revenue streams for Alphabet’s self‑driving unit. Waymo Opens Driverless Rides to the Public in Nashville (CNET)
• Neutral Sentiment: Analyst commentary and trending coverage (Zacks, Citizens analyst update, market pieces) keep Alphabet on investors’ watchlists; these items support interest but don’t change fundamentals immediately. Alphabet lapping the market (Zacks)
• Negative Sentiment: Shareholder pressure over data‑center water and power use highlights potential permitting delays, higher compliance costs and reputational risk for large buildouts. Investors press Amazon, Microsoft and Google on water, power use (Reuters)
• Negative Sentiment: A NYT analysis questions the accuracy and sourcing of Google’s AI‑generated overviews, flagging reputational and regulatory risks that could affect ad quality and product trust. How Accurate Are Google’s A.I. Overviews? (NYT)
• Negative Sentiment: Insider sale by Alphabet’s CAO was reported; size is modest but such filings can be viewed negatively in short term. Insider Selling: CAO Sells Stock (American Banking News)

About Alphabet

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.