Alphabet Inc. $GOOGL Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its stake in Alphabet Inc. (NASDAQ:GOOGL) by 10.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,652,203 shares of the information services provider’s stock after purchasing an additional 243,104 shares during the period. Alphabet comprises 1.4% of Assetmark Inc.’s investment portfolio, making the stock its 12th biggest position. Assetmark Inc.’s holdings in Alphabet were worth $644,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Delta Asset Management LLC TN grew its holdings in Alphabet by 0.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 6,153 shares of the information services provider’s stock worth $1,496,000 after acquiring an additional 37 shares in the last quarter. Matisse Capital lifted its position in shares of Alphabet by 0.3% during the 3rd quarter. Matisse Capital now owns 14,814 shares of the information services provider’s stock worth $3,601,000 after purchasing an additional 38 shares during the last quarter. Breakwater Investment Management grew its stake in shares of Alphabet by 1.0% during the third quarter. Breakwater Investment Management now owns 4,228 shares of the information services provider’s stock worth $1,028,000 after purchasing an additional 41 shares in the last quarter. Wealth Alliance Advisory Group LLC grew its stake in shares of Alphabet by 1.0% during the third quarter. Wealth Alliance Advisory Group LLC now owns 4,045 shares of the information services provider’s stock worth $983,000 after purchasing an additional 41 shares in the last quarter. Finally, Clearview Wealth Advisors LLC increased its holdings in Alphabet by 3.3% in the third quarter. Clearview Wealth Advisors LLC now owns 1,281 shares of the information services provider’s stock valued at $312,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL opened at $307.38 on Friday. The stock has a market capitalization of $3.72 trillion, a P/E ratio of 28.43, a P/E/G ratio of 1.84 and a beta of 1.09. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $349.00. The company’s fifty day moving average is $320.89 and its two-hundred day moving average is $281.45. 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 (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share for the quarter, beating 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%. On average, sell-side analysts predict 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. Shareholders of record on Monday, March 9th will be given 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 dividend payout ratio is presently 7.77%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google struck a multibillion-dollar deal to rent its Tensor Processing Units to Meta, validating TPU demand and directly boosting Google Cloud/infra revenue potential. Google signs multibillion-dollar AI chip deal with Meta
• Positive Sentiment: Analyst coverage highlights accelerating Google Cloud growth, heavy AI-driven demand and a large backlog (~$240B cited), supporting faster revenue expansion and margin leverage from cloud services. AI Push Provides a Boost to GOOGL’s Cloud Business
• Positive Sentiment: Google launched Nano Banana 2, an upgraded AI image generator with faster speeds and better text rendering — another visible product that drives user engagement and showcases Gemini-era AI improvements. Google launches Nano Banana 2
• Positive Sentiment: Longer-term optionality from stakes and partnerships: coverage points to Alphabet’s meaningful Anthropic stake (equity upside + Google Cloud infra revenue) and other private holdings that could materially boost valuation if monetized. Alphabet’s Quiet Edge: The Hidden Assets Powering Its Run
• Positive Sentiment: Waymo is expanding testing to Chicago and Charlotte as it scales autonomous ride‑hailing — a revenue diversification story that supports the long-term “Other Bets” growth narrative. Waymo to begin testing in Chicago and Charlotte
• Neutral Sentiment: Alphabet folded robotics software unit Intrinsic into Google — operational consolidation that may speed commercialization but has limited near-term revenue impact. Former Alphabet ‘moonshot’ robotics company Intrinsic is folding into Google
• Neutral Sentiment: Google reported disruption of a China-linked hacker network — positive for security posture and enterprise trust but unlikely to move near-term fundamentals. Google disrupts Chinese-linked hackers
• Negative Sentiment: EU regulatory pressure: Google is testing a new search layout to show rivals’ vertical results more prominently in Europe to try to avoid a fine — a change that could reduce some direct monetization in affected result types if broadly adopted. Google to test changes to search results as EU fine looms
• Negative Sentiment: Minor regional/legal friction: a small Russian fine was reported for distributing VPN apps — reputational/regulatory noise but immaterial to global results. Russia fines Google for distributing VPN services
• Negative Sentiment: Market signals: there were reports of insider selling and mixed analyst flows (price-target moves), which can prompt short-term profit-taking after a long GOOGL run. Alphabet Shares Down After Insider Selling

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOOGL. China Renaissance lifted their price target on Alphabet from $330.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 6th. BNP Paribas Exane assumed coverage on Alphabet in a research note on Monday, November 24th. They set an “outperform” rating and a $355.00 target price for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $375.00 price target (up from $330.00) on shares of Alphabet in a research note on Tuesday, January 13th. Guggenheim reissued a “buy” rating and set a $375.00 price objective (up from $330.00) on shares of Alphabet in a report on Monday, December 1st. Finally, Raymond James Financial upgraded shares of Alphabet from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-three have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $366.57.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the sale, the chief executive officer owned 2,818,524 shares of the company’s stock, valued at approximately $856,605,814.08. The trade was a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $19.00, for a total transaction of $35,060,852.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,112,482 shares of company stock valued at $119,145,289 in the last quarter. Corporate insiders own 11.64% of the company’s stock.

About Alphabet

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.