Blume Capital Management Inc. Lowers Position in Alphabet Inc. $GOOG

Blume Capital Management Inc. decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,845 shares of the information services provider’s stock after selling 2,120 shares during the quarter. Alphabet accounts for about 3.8% of Blume Capital Management Inc.’s portfolio, making the stock its 3rd largest holding. Blume Capital Management Inc.’s holdings in Alphabet were worth $19,933,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GOOG. Robinson Smith Wealth Advisors LLC increased its stake in Alphabet by 1.8% during the 3rd quarter. Robinson Smith Wealth Advisors LLC now owns 2,070 shares of the information services provider’s stock worth $504,000 after acquiring an additional 36 shares during the period. Searle & CO. lifted its position in shares of Alphabet by 0.6% during the 3rd quarter. Searle & CO. now owns 5,703 shares of the information services provider’s stock valued at $1,389,000 after acquiring an additional 36 shares during the period. BankPlus Wealth Management LLC grew its holdings in shares of Alphabet by 1.2% during the 3rd quarter. BankPlus Wealth Management LLC now owns 3,143 shares of the information services provider’s stock worth $766,000 after purchasing an additional 37 shares in the last quarter. Activest Wealth Management increased its position in shares of Alphabet by 0.5% in the third quarter. Activest Wealth Management now owns 7,997 shares of the information services provider’s stock worth $1,948,000 after purchasing an additional 38 shares during the period. Finally, Cedar Mountain Advisors LLC increased its position in shares of Alphabet by 11.8% in the third quarter. Cedar Mountain Advisors LLC now owns 370 shares of the information services provider’s stock worth $90,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $375.00 price objective on shares of Alphabet in a research note on Thursday, January 15th. Wolfe Research upped their price target on shares of Alphabet from $290.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. UBS Group reissued a “neutral” rating and issued a $348.00 price objective (up from $345.00) on shares of Alphabet in a research note on Thursday. Oppenheimer restated an “outperform” rating and set a $360.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Finally, BNP Paribas Exane initiated coverage on Alphabet in a report on Monday, November 24th. They issued an “outperform” rating on the stock. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $343.90.

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $19.00, for a total transaction of $35,060,852.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 17,829 shares of the firm’s stock in a transaction on Tuesday, December 30th. The shares were sold at an average price of $314.89, for a total transaction of $5,614,173.81. Following the transaction, the insider directly owned 42,972 shares of the company’s stock, valued at $13,531,453.08. The trade was a 29.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,069,864 shares of company stock worth $105,985,041. 12.99% of the stock is owned by corporate insiders.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet’s results and AI traction remain strong: Cloud revenue and enterprise backlog are accelerating and Gemini user metrics/support drive upside to long‑term monetization. Zacks: The Zacks Analyst Alphabet…
• Positive Sentiment: Waymo deployment of next‑gen robotaxis signals commercial progress for Alphabet’s autonomous‑vehicle unit, a longer‑term growth catalyst. CNBC: Waymo begins deploying next‑gen Ojai robotaxis
• Neutral Sentiment: Some large asset managers are net buying while others trimmed positions — BNP Paribas added a multi‑million share position in GOOG, offsetting other institutional reductions. QuiverQuant: BNP Paribas fund update
• Neutral Sentiment: Reported short‑interest figures in recent feeds show zero shares (likely a data anomaly), so shorting activity is not a clear driver today.
• Negative Sentiment: Alphabet completed a very large multi‑currency debt offering (including long‑dated tranches/century bond reports), which has spooked some investors worried about aggressive debt‑funded CapEx and the lack of customary bond protections. Reuters: Alphabet bonds’ lack of guardrails…
• Negative Sentiment: Management guided 2026 CapEx sharply higher (~$175–$185B), and the market has treated that as a near‑term cash‑flow/headwind risk despite its AI rationale — this contributed to post‑earnings weakness. Zacks: Alphabet drops 7% post Q4 earnings
• Negative Sentiment: EU antitrust scrutiny has resurfaced: regulators are probing Google’s search‑ads auction/pricing practices in Europe, introducing regulatory risk for ad monetization. Reuters: Google targeted by EU over search advertising auction practices
• Negative Sentiment: Notable institutional trimming reported in 13F updates (e.g., Neuberger, Swiss National Bank saw reductions), which can pressure intraday liquidity/psychology even as other funds add exposure. QuiverQuant: Neuberger Berman fund update

Alphabet Stock Performance

NASDAQ GOOG opened at $306.02 on Friday. The firm’s fifty day moving average price is $321.87 and its two-hundred day moving average price is $275.04. The stock has a market cap of $3.69 trillion, a PE ratio of 28.31, a PEG ratio of 1.82 and a beta of 1.10. 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 fifty-two week low of $142.66 and a fifty-two week high of $350.15.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.23. The company 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%.Alphabet’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the business posted $2.15 EPS. On average, equities analysts expect that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Alphabet Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s payout ratio is 7.77%.

Alphabet Company 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.