Arta Finance Wealth Management LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,683 shares of the information services provider’s stock, valued at approximately $2,092,000. Alphabet comprises 1.1% of Arta Finance Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding.
Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its stake in Alphabet by 1.8% during the 2nd quarter. State Street Corp now owns 229,954,269 shares of the information services provider’s stock valued at $40,524,841,000 after purchasing an additional 4,008,374 shares during the last quarter. Capital World Investors boosted its stake 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 valued at $12,910,542,000 after purchasing an additional 11,605,785 shares during the last quarter. Capital Research Global Investors boosted its stake in Alphabet by 15.7% during the 3rd quarter. Capital Research Global Investors now owns 50,732,476 shares of the information services provider’s stock valued at $12,333,076,000 after purchasing an additional 6,874,381 shares during the last quarter. Invesco Ltd. boosted its stake in Alphabet by 2.3% during the 3rd quarter. Invesco Ltd. now owns 45,186,112 shares of the information services provider’s stock valued at $10,984,744,000 after purchasing an additional 1,034,292 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Alphabet by 1.0% during the 3rd quarter. Legal & General Group Plc now owns 39,250,829 shares of the information services provider’s stock valued at $9,541,877,000 after purchasing an additional 392,547 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director John L. Hennessy sold 1,050 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $303.41, for a total value of $318,580.50. Following the transaction, the director directly owned 4,631 shares of the company’s stock, valued at approximately $1,405,091.71. This trade represents a 18.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the firm’s stock in a transaction 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 sold 2,068,744 shares of company stock worth $104,505,914 in the last quarter. Company insiders own 11.64% of the company’s stock.
More Alphabet News
- 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
Analysts Set New Price Targets
Several analysts have commented on the company. UBS Group set a $348.00 target price on Alphabet and gave the company a “neutral” rating in a research note on Thursday, February 5th. Arete Research increased their target price on Alphabet from $380.00 to $405.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada increased their target price on Alphabet from $375.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. KeyCorp set a $370.00 price target on Alphabet and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, Evercore restated an “outperform” rating and issued a $400.00 price target (up from $325.00) on shares of Alphabet in a research note on Thursday, February 5th. Three analysts have rated the stock with a Strong Buy rating, forty-four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $366.76.
Check Out Our Latest Report on GOOGL
Alphabet Stock Performance
GOOGL stock opened at $321.39 on Tuesday. The company has a market cap of $3.89 trillion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. Alphabet Inc. has a 1 year low of $146.10 and a 1 year high of $349.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The stock’s fifty day moving average price is $306.41 and its 200-day moving average price is $299.57.
Alphabet (NASDAQ:GOOGL – Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. The firm had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%. On average, equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio (DPR) 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 Stories
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.
