Childress Capital Advisors LLC Sells 2,589 Shares of Alphabet Inc. $GOOG

Childress Capital Advisors LLC lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,043 shares of the information services provider’s stock after selling 2,589 shares during the quarter. Alphabet makes up approximately 1.0% of Childress Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Childress Capital Advisors LLC’s holdings in Alphabet were worth $5,976,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Alphabet by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,529,742 shares of the information services provider’s stock valued at $24,240,469,000 after purchasing an additional 7,904,434 shares during the last quarter. Danske Bank A S bought a new stake in shares of Alphabet in the 3rd quarter valued at $678,198,000. Holocene Advisors LP bought a new stake in shares of Alphabet in the 2nd quarter valued at $455,745,000. Alliancebernstein L.P. boosted its stake in shares of Alphabet by 5.8% in the 3rd quarter. Alliancebernstein L.P. now owns 40,032,291 shares of the information services provider’s stock valued at $9,749,864,000 after purchasing an additional 2,209,203 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Alphabet by 208.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,130,681 shares of the information services provider’s stock valued at $273,026,000 after purchasing an additional 2,177,855 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 1.4%

Shares of Alphabet stock opened at $342.32 on Friday. The stock has a fifty day simple moving average of $308.26 and a 200 day simple moving average of $304.62. Alphabet Inc. has a 12-month low of $149.49 and a 12-month high of $350.15. The company has a market capitalization of $4.14 trillion, a P/E ratio of 31.67, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11.

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

Alphabet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued 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 0.2%. Alphabet’s dividend payout ratio is currently 7.77%.

Analysts Set New Price Targets

A number of research firms have issued reports on GOOG. Sanford C. Bernstein restated a “market perform” rating and set a $345.00 price target on shares of Alphabet in a report on Thursday, February 5th. UBS Group restated a “neutral” rating and set a $348.00 price target (up from $345.00) on shares of Alphabet in a report on Thursday, February 12th. Scotiabank restated an “outperform” rating and set a $400.00 price target (up from $375.00) on shares of Alphabet in a report on Thursday, February 5th. JPMorgan Chase & Co. increased their price target on Alphabet from $385.00 to $395.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research note on Monday. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $351.73.

Insider Buying and Selling

In other news, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the sale, the insider directly owned 13,227 shares in the company, valued at $3,987,279.15. The trade was a 78.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the transaction, the chief executive officer directly owned 2,818,524 shares of the company’s stock, valued at $856,605,814.08. This represents a 1.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,037,294 shares of company stock valued at $94,216,897 over the last quarter. Corporate insiders own 12.99% of the company’s stock.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google confirmed a planned up to $40 billion commitment to AI startup Anthropic — $10B invested now and up to $30B contingent on performance — signaling a deep strategic partnership that should drive Google Cloud revenue, TPU demand and long‑term AI market share. PYMNTS: Google Doubles Down on Anthropic
• Positive Sentiment: Market and media reaction pushed GOOGL coverage higher today: outlets and traders flagged the deal as bullish for Google Cloud, TPU sales and infrastructure partners, contributing to the stock uptick. Blockonomi: Stock Climbs on $40B Anthropic Partnership
• Positive Sentiment: Alphabet’s recent fundamentals and AI product momentum (Gemini, TPU launches, Cloud partnerships) give investors confidence the Anthropic deal can translate into higher monetization and ad/search engagement — analysts have raised targets and reiterated buys ahead of Q1 earnings. ProactiveInvestors: Buy Rating Ahead of Q1
• Neutral Sentiment: The additional $30B is contingent on milestones — positive if targets are met, but it spreads the cash out over time and ties part of the commitment to execution risk and market conditions. TechCrunch: Google to Invest Up to $40B in Anthropic
• Neutral Sentiment: Global AI competition is intensifying (including from Chinese players) — this validates demand but keeps pricing and product dynamics uncertain. Yahoo Finance: China’s DeepSeek Preview
• Negative Sentiment: Regulatory risk: the EU is pressing Google to give AI rivals access to Android features — any mandated access could weaken parts of Google’s mobile moat and limit competitive advantage for Gemini on Android. PYMNTS: EU Pressure on Android Access
• Negative Sentiment: Scale of AI spending and infrastructure roll‑outs raises CapEx and free‑cash‑flow pressure; investors should watch upcoming Q1 results and FCF guidance for signs the investments are converting into profitable growth. Seeking Alpha: Q1 Preview — CapEx Risks

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.