Cibc World Market Inc. Sells 4,785 Shares of Alphabet Inc. $GOOG

Cibc World Market Inc. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,623,358 shares of the information services provider’s stock after selling 4,785 shares during the quarter. Cibc World Market Inc.’s holdings in Alphabet were worth $395,369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Alphabet during the 2nd quarter valued at approximately $4,298,572,000. Vanguard Group Inc. grew its position in shares of Alphabet by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 416,753,033 shares of the information services provider’s stock worth $73,927,821,000 after buying an additional 5,182,111 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Alphabet by 73.5% during the third quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider’s stock valued at $2,388,775,000 after buying an additional 4,154,929 shares during the period. Laurel Wealth Advisors LLC raised its holdings in shares of Alphabet by 17,547.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider’s stock valued at $731,331,000 after acquiring an additional 4,099,366 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Alphabet by 330.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,989,463 shares of the information services provider’s stock worth $707,691,000 after acquiring an additional 3,062,590 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the transaction, the chief accounting officer directly owned 8,962 shares of the company’s stock, valued at $2,798,832.60. This represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $296.64, for a total value of $9,640,800.00. Following the completion of the sale, the chief executive officer owned 2,304,619 shares of the company’s stock, valued at $683,642,180.16. The trade was a 1.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,064,308 shares of company stock valued at $104,383,469 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOG opened at $306.02 on Monday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.70 trillion, a P/E ratio of 28.31, a P/E/G ratio of 1.80 and a beta of 1.10. The business’s 50 day moving average price is $321.87 and its 200-day moving average price is $276.14. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $350.15.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.23. Alphabet had a return on equity of 35.01% and a net margin of 32.81%.The business had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. During the same quarter in the previous year, the business earned $2.15 earnings per share. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. Equities research analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is currently 7.77%.

Key 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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GOOG shares. KeyCorp set a $370.00 price objective on shares of Alphabet in a research report on Thursday, February 5th. Citigroup reiterated a “market outperform” rating on shares of Alphabet in a research report on Wednesday, December 17th. Rosenblatt Securities set a $279.00 price objective on shares of Alphabet in a report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on Alphabet from $385.00 to $395.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Finally, Mizuho set a $325.00 target price on Alphabet in a research report on Thursday, October 30th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $343.90.

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.