Alphabet Inc. $GOOGL Shares Bought by Savant Capital LLC

Savant Capital LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 15.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 174,328 shares of the information services provider’s stock after acquiring an additional 23,929 shares during the period. Savant Capital LLC’s holdings in Alphabet were worth $42,379,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GOOGL. Moment Partners LLC grew its holdings in Alphabet by 9.3% during the second quarter. Moment Partners LLC now owns 5,896 shares of the information services provider’s stock worth $1,039,000 after acquiring an additional 504 shares during the period. Welch Group LLC grew its stake in shares of Alphabet by 4.0% during the 2nd quarter. Welch Group LLC now owns 64,262 shares of the information services provider’s stock worth $11,325,000 after purchasing an additional 2,467 shares during the period. Brooktree Capital Management purchased a new position in shares of Alphabet in the 2nd quarter valued at about $352,000. Griffin Asset Management Inc. lifted its stake in shares of Alphabet by 13.9% in the third quarter. Griffin Asset Management Inc. now owns 58,731 shares of the information services provider’s stock valued at $14,277,000 after purchasing an additional 7,180 shares during the period. Finally, Birchcreek Wealth Management LLC lifted its stake in shares of Alphabet by 2.9% in the second quarter. Birchcreek Wealth Management LLC now owns 8,028 shares of the information services provider’s stock valued at $1,415,000 after purchasing an additional 223 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alphabet

In other news, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $19.00, for a total transaction of $35,060,852.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 8,962 shares in the company, valued at $2,798,832.60. This represents a 23.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 2,032,408 shares of company stock worth $94,926,707. 11.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GOOGL. President Capital lifted their price target on shares of Alphabet from $323.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft boosted their target price on Alphabet from $370.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $370.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $395.00 price target (up previously from $346.00) on shares of Alphabet in a research note on Thursday, February 5th. Finally, Citic Securities increased their price objective on shares of Alphabet from $230.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $363.10.

Alphabet Stock Up 0.4%

GOOGL stock opened at $303.33 on Thursday. The company has a 50 day moving average price of $320.40 and a two-hundred day moving average price of $277.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.01 and a current ratio of 2.01. The stock has a market capitalization of $3.67 trillion, a P/E ratio of 28.06, a PEG ratio of 1.77 and a beta of 1.09. Alphabet Inc. has a one year low of $140.53 and a one year high of $349.00.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.25. 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%. As a group, sell-side analysts expect that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Announces Dividend

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

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Berkshire Hathaway kept its Alphabet stake while cutting Amazon — a high-profile endorsement of Alphabet’s cloud/AI strategy that investors view as a vote of confidence. Read More.
• Positive Sentiment: Strategic demand signal: India’s Adani Group plans a massive AI data-center investment with Google and others, implying future hyperscaler cloud demand in a large growth market. Read More.
• Positive Sentiment: Product roadmap: Google I/O set for May (expectations for AI glasses and other AI-driven consumer launches) provides a visible catalyst for new product monetization. Read More.
• Positive Sentiment: Operational/ESG tailwind: a long-term geothermal PPA will supply Google’s Nevada operations, supporting data-center resilience and sustainability goals. Read More.
• Neutral Sentiment: Waymo oversight: Waymo defended its use of remote-assistance workers to Congress, which clarifies operations but leaves regulatory attention intact. Read More.
• Neutral Sentiment: Product refresh: Google introduced the $499 Pixel 10a with AI features — positive for device ecosystem but modest near-term revenue impact versus cloud/ads. Read More.
• Neutral Sentiment: Insider activity: Director John Hennessy sold 600 shares (small dollar amount relative to market cap) — noted by the market but not a material red flag. Read More.
• Negative Sentiment: High-profile trimming: Terry Smith (Fundsmith) reportedly cut about half of his Alphabet position — a headline that can create short-term selling pressure or signal rotation. Read More.
• Negative Sentiment: Macro/strategy risk: Analysts and coverage flag near-term pullback due to Alphabet’s elevated AI/compute CapEx and broader megacap rotation; some pieces call the stock in correction territory. Read More.
• Negative Sentiment: Service reliability: a recent YouTube outage (tens of thousands affected) briefly tests trust in Google’s consumer platforms and could draw short-term media attention. Read More.

Alphabet Company 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.