Channing Capital Management LLC Acquires 2,828 Shares of Alphabet Inc. $GOOG

Channing Capital Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,596 shares of the information services provider’s stock after purchasing an additional 2,828 shares during the quarter. Channing Capital Management LLC’s holdings in Alphabet were worth $6,477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Norges Bank acquired a new stake in shares of Alphabet in the second quarter worth $4,298,572,000. JPMorgan Chase & Co. boosted its holdings in 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 period. Vanguard Group Inc. grew its position in 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 purchasing an additional 5,182,111 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Alphabet by 73.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 9,808,152 shares of the information services provider’s stock worth $2,388,775,000 after purchasing an additional 4,154,929 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its holdings in shares of Alphabet by 17,547.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,122,727 shares of the information services provider’s stock worth $731,331,000 after purchasing an additional 4,099,366 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insiders Place Their Bets

In related news, Director John L. Hennessy sold 600 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $306.73, for a total transaction of $184,038.00. Following the completion of the sale, the director owned 20,624 shares in the company, valued at $6,325,999.52. This trade represents a 2.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 47,574 shares of Alphabet stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $301.45, for a total transaction of $14,341,182.30. Following the transaction, the insider directly owned 13,227 shares of the company’s stock, valued at $3,987,279.15. This represents a 78.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,112,482 shares of company stock worth $119,145,289 in the last quarter. 12.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research reports. Wolfe Research increased their target price on shares of Alphabet from $290.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $360.00 price target on shares of Alphabet in a report on Thursday, February 5th. Raymond James Financial upgraded Alphabet from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $315.00 to $400.00 in a research report on Thursday, January 22nd. Guggenheim restated a “buy” rating and set a $375.00 price objective on shares of Alphabet in a research report on Monday, December 1st. Finally, TD Cowen restated a “buy” rating and issued a $365.00 target price (up from $355.00) on shares of Alphabet in a research note on Thursday, February 5th. Nine analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $343.90.

Alphabet Trading Down 0.2%

GOOG stock opened at $310.92 on Wednesday. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $350.15. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $321.06 and its 200-day moving average is $281.65. The firm has a market cap of $3.76 trillion, a P/E ratio of 28.76, a P/E/G ratio of 1.83 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $111.24 billion. During the same quarter last year, the company earned $2.15 EPS. Alphabet’s revenue was up 18.0% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The company also recently announced 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. 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 currently 7.77%.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Analysts and deep-dive bullish takes argue AI-driven capex will widen Alphabet’s competitive moat — Q4 strength (18% revenue growth, 48% Cloud) supports faster recurring revenue and margin expansion, underpinning multi-hundred-dollar price targets. Read More.
• Positive Sentiment: Wells Fargo moved to a more constructive rating (upgrade/Overweight), part of a cluster of bullish analyst notes and raised price targets (median ~ $370), supporting upside expectations. Read More.
• Positive Sentiment: Deep strategic assets and partnerships (14% stake in Anthropic, early SpaceX stake, Gemini distribution across devices) are being highlighted as underappreciated value drivers that reinforce long-term upside. Read More.
• Positive Sentiment: Operationally supportive energy and data‑center deals: Google announced a 1.9GW clean-power backing (including a 100‑hour battery) and utilities (Xcel, AES) signed supply agreements for new data centers — reduces energy risk for large AI builds. Read More. and Read More.
• Neutral Sentiment: Industry context: Bridgewater estimates Big Tech will invest roughly $650B in AI this year — validates the sector capex trend that benefits hyperscalers but doesn’t single out winners. Read More.
• Negative Sentiment: Intensifying AI‑chip competition and trade‑secret tensions (Google vs. Nvidia, new entrants raising capital) could pressure costs and supplier dynamics — a nearer-term risk to margins and model-training economics. Read More. and Read More.
• Negative Sentiment: Investor concerns about the pace of AI capex hitting free cash flow and accounting scrutiny — social/analyst chatter and high-profile skepticism (Michael Burry) raise questions about FCF, depreciation, and reported margins. Read More. and Read More.
• Negative Sentiment: Recent insider selling activity (including CEO filings) is being noted by market participants and can sap near‑term sentiment despite institutional bullishness. Read More.

About Alphabet

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.