C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,072 shares of the information services provider’s stock after buying an additional 1,762 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Alphabet were worth $4,092,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in GOOGL. PMV Capital Advisers LLC acquired a new stake in Alphabet in the 4th quarter valued at approximately $38,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Alphabet during the third quarter valued at $53,000. iSAM Funds UK Ltd acquired a new position in shares of Alphabet during the 3rd quarter valued at $53,000. Corsicana & Co. acquired a new position in shares of Alphabet during the 3rd quarter valued at $54,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Alphabet during the 3rd quarter valued at $63,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Alphabet news, insider John Kent Walker sold 8,993 shares of the stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $275.89, for a total transaction of $2,481,078.77. Following the completion of the transaction, the insider owned 51,808 shares in the company, valued at approximately $14,293,309.12. This represents a 14.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frances Arnold sold 112 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $302.99, for a total value of $33,934.88. Following the transaction, the director 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. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,068,744 shares of company stock worth $104,505,914 over the last 90 days. 11.64% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Report on GOOGL
Key Headlines Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Broadcom extended a multi‑year agreement with Google to supply chips for TPUs through 2031, which UBS says eases investor concerns about Google’s chip sourcing and supports near‑term AI infrastructure demand. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS
- Positive Sentiment: Favorable AI deal coverage (Anthropic/TPU opportunity) and bullish commentary position Alphabet as an AI‑infrastructure play, reinforcing upside expectations for revenue from cloud and TPU sales. Catalyst Alert: Anthropic Deal Makes Alphabet Stock a Must-Buy
- Positive Sentiment: Large investor activity: Stanley Druckenmiller materially increased his Alphabet stake last quarter, a high‑profile buy that can lift sentiment among momentum and institutional investors. Stanley Druckenmiller Made 1 Huge Bet That Still Looks Attractive Today and Cut 2 Top Positions
- Positive Sentiment: Operational/strategy tailwinds: Google is funding nationwide AI training for manufacturing workers, supporting enterprise adoption of its AI stack and strengthening longer‑term demand for cloud/AI services. Google partners on AI training for thousands of American manufacturing workers
- Positive Sentiment: Market sentiment and upgrades: Zacks and other outlets highlight positive analyst momentum (Zacks Rank upgrade and positive writeups), which supports buying interest today. What Makes Alphabet (GOOGL) a New Buy Stock
- Neutral Sentiment: Analyst price‑target moves are mixed: several firms reaffirm or trim targets (Citizens/JMP reaffirmed outperform at $385; Stifel trimmed its target slightly but stayed Buy; Wolfe cut to $360, while some outlets show higher targets), leaving a range of expectations for future upside. Stifel adjusts price target on Alphabet Price Target Raised to $420
- Neutral Sentiment: Startups and ecosystem activity (e.g., Primepoint’s $10M seed round led by AI veterans) show continued AI ecosystem growth but have indirect impact on Alphabet’s near‑term fundamentals. Primepoint closes $10M seed round
- Neutral Sentiment: Long‑term technology pivots (quantum computing coverage) are discussed as multi‑year catalysts; these are strategic positives but unlikely to move near‑term earnings. Quantum Computing Stocks: Is Google’s Tech Roadmap Changing?
- Negative Sentiment: Ad‑revenue competition: eMarketer/WSJ reports project Meta overtaking Google as the top global digital‑ad revenue company by end‑2026, a key long‑term risk for Google’s core search/ad margin profile. Meta poised to surpass Google in digital ad revenue for first time
Alphabet Stock Up 1.3%
Shares of GOOGL opened at $321.39 on Tuesday. The company has a market capitalization of $3.89 trillion, a P/E ratio of 29.73, a PEG ratio of 1.95 and a beta of 1.12. 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 one year low of $146.10 and a one year high of $349.00. The business’s 50 day simple moving average is $306.41 and its 200-day simple moving average is $299.57.
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (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 firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 8.9 EPS for the current fiscal year.
Alphabet Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s dividend payout ratio is currently 7.77%.
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.
Featured Articles
Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGL – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
