Coronation Fund Managers Ltd. Decreases Stock Position in Alphabet Inc. $GOOGL

Coronation Fund Managers Ltd. trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 27.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,386 shares of the information services provider’s stock after selling 5,867 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in Alphabet were worth $3,740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Murphy & Mullick Capital Management Corp raised its holdings in Alphabet by 2.0% in the third quarter. Murphy & Mullick Capital Management Corp now owns 10,453 shares of the information services provider’s stock valued at $2,550,000 after acquiring an additional 200 shares in the last quarter. Sierra Ocean LLC increased its position in shares of Alphabet by 1.7% in the 3rd quarter. Sierra Ocean LLC now owns 4,382 shares of the information services provider’s stock valued at $1,065,000 after purchasing an additional 72 shares during the last quarter. Mason & Associates Inc raised its holdings in shares of Alphabet by 14.9% in the 3rd quarter. Mason & Associates Inc now owns 18,507 shares of the information services provider’s stock valued at $4,499,000 after purchasing an additional 2,401 shares in the last quarter. Vista Capital Partners Inc. raised its holdings in shares of Alphabet by 71.4% in the 3rd quarter. Vista Capital Partners Inc. now owns 7,245 shares of the information services provider’s stock valued at $1,761,000 after purchasing an additional 3,019 shares in the last quarter. Finally, Wulff Hansen & CO. lifted its position in shares of Alphabet by 2.0% during the 3rd quarter. Wulff Hansen & CO. now owns 19,685 shares of the information services provider’s stock worth $4,785,000 after purchasing an additional 385 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on GOOGL shares. Evercore reissued an “outperform” rating and issued a $400.00 target price (up from $325.00) on shares of Alphabet in a report on Thursday, February 5th. Rosenblatt Securities upped their price objective on Alphabet from $279.00 to $357.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $400.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Barclays restated an “overweight” rating and set a $360.00 target price (up from $315.00) on shares of Alphabet in a research note on Thursday, February 5th. Finally, Phillip Securities raised Alphabet from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, forty-three have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $366.57.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: MarketBeat highlights Alphabet’s “quiet edge” — big hidden assets (14% stake in Anthropic, an early SpaceX stake and massive device distribution) that amplify AI and cloud upside beyond Search and YouTube. Alphabet’s Quiet Edge: The Hidden Assets Powering Its Run
• Positive Sentiment: South Korea approved Google’s request to export high‑precision map data — clears a major market access barrier for Google Maps and mapping-related revenue/opportunity in Korea. South Korea approves Google bid to export high-precision map data
• Positive Sentiment: Reports say Meta will rent Google’s TPU AI chips for model training — validation of Google’s AI infrastructure business and a potential multi‑billion revenue stream for cloud/TPU services. Google signs multibillion-dollar AI chip deal with Meta, Information reports
• Positive Sentiment: Alphabet folded robotics unit Intrinsic into Google and signals Gemini may power next‑gen robots — deepens AI product integration and expands commercial AI addressable market. Alphabet’s robotics platform Intrinsic joins Google to support AI models
• Positive Sentiment: Google launched Nano Banana 2 (image‑generation model) with faster, better outputs — product improvements that help retain user engagement across AI services. Google rolls out Nano Banana 2
• Positive Sentiment: Billionaire Stanley Druckenmiller increased his Alphabet stake again — a notable institutional vote of confidence often read positively by the market. Druckenmiller Piled Into Alphabet
• Neutral Sentiment: Zacks and other analyst pieces reiterate Alphabet’s AI‑fueled edge in Search and Cloud vs. Meta, reinforcing the consensus growth story but not changing near‑term guidance. Meta Platforms vs. Alphabet: Which Digital Ad Behemoth Has an Edge?
• Neutral Sentiment: Waymo’s planned expansion toward Chicago signals long‑term commercialization progress but remains a multi‑year revenue story rather than an immediate profit driver. Waymo to bring driverless cars to Chicago
• Negative Sentiment: Belgian competition watchdog opened a probe into Google’s online ad pricing practices — regulatory and legal risk that could pressure ad revenue or require business changes. Belgian watchdog opens probe into Google’s online ad price practices
• Negative Sentiment: Internal tensions: 100+ Google AI employees urged limits on some military uses of Gemini, highlighting governance/ethical frictions that could complicate product deployment and public perception. Google Workers Seek ‘Red Lines’ on Military A.I.
• Negative Sentiment: Schaeffer’s options commentary warns bulls to watch for faltering action and offers a trade for subscribers — a signal some traders are positioning for short‑term downside or increased volatility. Bulls Should Keep Watch on Faltering Alphabet Stock

Alphabet Stock Up 1.4%

GOOGL stock opened at $311.76 on Friday. The company has a market cap of $3.77 trillion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09. The company has a fifty day moving average price of $320.99 and a 200 day moving average price of $282.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $349.00.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.25. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion for the quarter, compared to the consensus estimate of $111.24 billion. Sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current year.

Alphabet Dividend Announcement

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

Insider Activity

In other news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was 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 represents a 2.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 933 shares of Alphabet stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $336.55, for a total transaction of $314,001.15. Following the completion of the transaction, the chief accounting officer owned 9,916 shares in the company, valued at approximately $3,337,229.80. This trade represents a 8.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,112,482 shares of company stock worth $119,145,289 over the last quarter. 11.64% of the stock is owned by insiders.

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.