SP Asset Management LLC Has $35.80 Million Stake in Alphabet Inc. $GOOGL

SP Asset Management LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,268 shares of the information services provider’s stock after acquiring an additional 2,156 shares during the quarter. Alphabet accounts for 2.8% of SP Asset Management LLC’s portfolio, making the stock its 9th biggest holding. SP Asset Management LLC’s holdings in Alphabet were worth $35,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of GOOGL. Brighton Jones LLC boosted its stake in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Alphabet by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock valued at $2,826,000 after purchasing an additional 506 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its position in shares of Alphabet by 9.6% during the second quarter. Hutchens & Kramer Investment Management Group LLC now owns 4,900 shares of the information services provider’s stock valued at $862,000 after buying an additional 431 shares during the last quarter. Thompson Investment Management Inc. increased its holdings in Alphabet by 0.5% in the 2nd quarter. Thompson Investment Management Inc. now owns 167,789 shares of the information services provider’s stock worth $29,569,000 after buying an additional 805 shares in the last quarter. Finally, Fourpath Capital Management LLC raised its position in Alphabet by 16.9% in the 2nd quarter. Fourpath Capital Management LLC now owns 4,691 shares of the information services provider’s stock worth $827,000 after buying an additional 677 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud momentum: reported/covered Cloud revenue growth (surge ~48% Y/Y) that underpins upside in enterprise AI demand and improves near-term monetization outlook. Google (GOOGL) Cloud Revenue Just Surged 48%
• Positive Sentiment: Product roadmap / AI hardware: Google I/O set for May 19–20, with expectations of a 2026 launch for Google’s first smart AI glasses — a potential new consumer product cycle and headline AI device. Google announces I/O developer conference where AI glasses could be rolled out
• Positive Sentiment: Strategic partnership and infrastructure demand: India’s Adani Group plans a large investment in AI data centers alongside Google and Microsoft — signals increased hyperscaler demand and cloud expansion in a major market. India’s Adani Group To Invest $100 Billion In AI Data Centers
• Positive Sentiment: Big investor confidence signal: Berkshire Hathaway’s Q4 filing kept its Alphabet stake steady while trimming Amazon — a high-profile vote of confidence in Alphabet’s cloud/AI strategy. Berkshire & AI Hyperscalers: Buffett Holds GOOGL, Dumps AMZN
• Positive Sentiment: Green-energy support for operations: Ormat signed a long-term geothermal PPA to supply Google in Nevada — reduces energy / ESG risk for data center operations. Ormat signs 150 MW geothermal power deal with NV Energy to supply Google in Nevada
• Neutral Sentiment: Waymo regulatory/oversight: Waymo defended its use of remote-assistance staff to Congress and said they haven’t been used to drive robotaxis on public roads — reduces some regulatory uncertainty but keeps oversight visible. Waymo defends use of remote assistance workers in robotaxi operations
• Negative Sentiment: High-profile stake reduction: Terry Smith (Fundsmith) reportedly sold about half his Alphabet holding — a headline that can add selling pressure or signal rotation among institutional holders. The ‘English Warren Buffett’ Just Dumped Half His Alphabet Stake
• Negative Sentiment: Regulatory/geopolitical risk in India: New talks of age-based social media restrictions in India could reduce engagement/ads across platforms, representing a regional regulatory risk for ad revenue. India discussing age-based restrictions with social media firms, top minister says
• Negative Sentiment: CapEx & tech-rotation pressure: Analysts and coverage note that Alphabet’s elevated 2026 CapEx plan to scale AI compute (reported guidance cited previously) has contributed to a short-term pullback amid broader megacap profit-taking. Alphabet’s Pullback: A Second Chance for Long-Term Investors?

Insider Activity

In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $19.00, for a total value of $35,060,852.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $335.18, for a total transaction of $10,893,350.00. Following the completion of the transaction, the chief executive officer directly owned 2,179,372 shares in the company, valued at $730,481,906.96. This trade represents a 1.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,032,408 shares of company stock valued at $94,926,707 in the last three months. 11.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of Alphabet from $365.00 to $400.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Truist Financial set a $385.00 target price on shares of Alphabet in a report on Thursday, February 5th. Phillip Securities upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, November 7th. UBS Group set a $348.00 price target on Alphabet and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Evercore reaffirmed an “outperform” rating and issued a $400.00 price objective (up previously from $325.00) on shares of Alphabet in a report on Thursday, February 5th. Three analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $363.10.

Alphabet Price Performance

NASDAQ GOOGL opened at $302.02 on Wednesday. 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 Inc. has a 12 month low of $140.53 and a 12 month high of $349.00. The stock has a market cap of $3.65 trillion, a price-to-earnings ratio of 27.94, a PEG ratio of 1.79 and a beta of 1.09. The company’s 50 day moving average is $320.73 and its two-hundred day moving average is $277.10.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data 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. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. As a group, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

Alphabet 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.