Alphabet Inc. $GOOG Shares Purchased by Cove Private Wealth LLC

Cove Private Wealth LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,846 shares of the information services provider’s stock after purchasing an additional 2,035 shares during the period. Alphabet accounts for about 3.6% of Cove Private Wealth LLC’s holdings, making the stock its 6th biggest holding. Cove Private Wealth LLC’s holdings in Alphabet were worth $12,190,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new position in Alphabet during the third quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new position in Alphabet during the third quarter worth about $32,000. Tripletail Wealth Management LLC purchased a new position in Alphabet during the third quarter worth about $40,000. Lynch Asset Management Inc. purchased a new position in Alphabet during the third quarter worth about $61,000. Finally, Winnow Wealth LLC purchased a new position in Alphabet during the third quarter worth about $63,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total value of $9,877,400.00. Following the completion of the transaction, the chief executive officer owned 2,818,524 shares in the company, valued at $856,605,814.08. The trade was a 1.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of Alphabet stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,037,294 shares of company stock valued at $94,216,897 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google rolled out a new set of AI agent tools and an enterprise Gemini Agent platform to compete with Anthropic and OpenAI — a direct monetization push for Google Cloud that boosts expectations for faster enterprise adoption. Google launches new AI agent tools
• Positive Sentiment: Alphabet unveiled eighth‑gen TPUs split into TPU 8t (training) and TPU 8i (inference) to cut model costs and differentiate Google Cloud from Nvidia — a strategic infrastructure move that could improve margins and attract large AI workloads. Google Cloud launches two new AI chips
• Positive Sentiment: Thinking Machines Lab signed a multi‑billion dollar deal to expand on Google Cloud’s AI infrastructure, validating demand for Cloud’s GPU/TPU capacity and pipeline revenue potential. Thinking Machines multi‑billion deal
• Positive Sentiment: Merck announced a multi‑year partnership that could direct up to $1B of AI infrastructure and engineering spend to Google Cloud — a large, high‑visibility enterprise win. Merck to partner with Google Cloud
• Positive Sentiment: BMO raised its price target and called Alphabet a go‑to way to own AI, a notable sell‑side endorsement that can lift sentiment and flows into the stock. BMO raises target to $410
• Neutral Sentiment: Google added AI automation to Workspace and built Chrome features for enterprises — product progress that supports long‑term monetization but has uncertain near‑term revenue impact. Google updates Workspace
• Neutral Sentiment: Google partnered with Cadence to accelerate automated chip design (Gemini integration) — strategically relevant for in‑house silicon efforts, but timing and revenue contribution remain uncertain. Google partners with Cadence
• Negative Sentiment: Large reported institutional reductions (several fund 13F filings show big cuts to GOOG/GOOGL positions), which can create short‑term selling pressure even if driven by rebalancing. Janney 13F reduction
• Negative Sentiment: Insider selling (disclosed director sale of ~1,050 shares) adds to negative optics for some investors, though the trade size is small versus Alphabet’s market cap. Insider sale filing

Alphabet Trading Up 2.2%

NASDAQ GOOG opened at $337.73 on Thursday. The firm has a 50 day simple moving average of $306.97 and a 200-day simple moving average of $303.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. Alphabet Inc. has a one year low of $149.49 and a one year high of $350.15. The firm has a market cap of $4.09 trillion, a price-to-earnings ratio of 31.24, a PEG ratio of 2.05 and a beta of 1.13.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, February 5th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. The company had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.Alphabet’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.15 EPS. Equities research analysts anticipate that Alphabet Inc. will post 11.53 EPS for the current fiscal year.

Alphabet Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were paid a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a yield of 0.2%. Alphabet’s payout ratio is currently 7.77%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Raymond James Financial raised shares of Alphabet from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $315.00 to $400.00 in a research note on Thursday, January 22nd. UBS Group reaffirmed a “neutral” rating and set a $348.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. Truist Financial set a $385.00 target price on shares of Alphabet in a research note on Wednesday. Wells Fargo & Company raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Finally, Canaccord Genuity Group increased 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. Eight investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $347.16.

Alphabet Profile

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.