Cultivar Capital Inc. Buys New Stake in Alphabet Inc. $GOOG

Cultivar Capital Inc. purchased a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,952 shares of the information services provider’s stock, valued at approximately $1,554,000. Alphabet makes up about 1.0% of Cultivar Capital Inc.’s investment portfolio, making the stock its 11th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the stock. Imprint Wealth LLC purchased a new stake in shares of Alphabet in the third quarter worth about $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $32,000. Tripletail Wealth Management LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at about $40,000. Retirement Wealth Solutions LLC lifted its position in Alphabet by 145.0% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 196 shares of the information services provider’s stock worth $48,000 after acquiring an additional 116 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its position in Alphabet by 56.8% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 218 shares of the information services provider’s stock worth $53,000 after acquiring an additional 79 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet News Summary

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: AI momentum — Google’s Gemini upgrades and other AI improvements are boosting Search engagement and product monetization potential, supporting the longer-term ad and cloud growth thesis. Analysts and AI-focused commentary highlight upside from AI-driven search/product improvements. Zacks: Alphabet Relies on AI to Boost Search Growth
• Positive Sentiment: Analyst/institutional support — Some firms have nudged up FY EPS estimates and price targets (Erste, MarketBeat coverage of broad analyst upgrades), reflecting confidence in cloud, search and Gemini monetization — a stabilizing factor for long-term holders. MarketBeat: Analyst Optimism and Upgrades
• Neutral Sentiment: Operational milestones — Waymo and DeepMind deals (robotics, AD miles) show execution in adjacent growth areas; positive for long-term optionality but limited near-term revenue impact. These are credibility wins but not big drivers of current quarter results. Blockonomi: Waymo Milestone
• Negative Sentiment: Landmark liability verdicts — A Los Angeles jury found Google (YouTube) liable in a youth social-media addiction case; the ruling is being framed as a bellwether that could spur more suits and regulatory scrutiny. Investors are pricing in higher legal/regulatory risk and potential compliance costs, which has pressured the stock today. Reuters: US jury verdicts tee up fight over tech liability shield
• Negative Sentiment: Sector spillover from AI/chip headlines — Google researchers’ memory-compression news (and the related debate) has sparked volatility across memory/chip suppliers; that throws a short-term cold shower on tech sentiment and can drive indiscriminate selling in megacaps despite the company being the source of the innovation. CNBC: Google AI breakthrough pressures memory chip stocks

Insider Activity at Alphabet

In other news, Director John L. Hennessy sold 1,050 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $303.41, for a total value of $318,580.50. Following the sale, the director owned 4,631 shares in the company, valued at approximately $1,405,091.71. This represents a 18.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2017 Gp L.L.C. Gv sold 1,845,308 shares of the 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,110,165 shares of company stock valued at $118,134,117. 12.99% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on GOOG. UBS Group reaffirmed a “neutral” rating and issued a $348.00 price objective (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Wedbush reissued an “outperform” rating and set a $370.00 target price on shares of Alphabet in a research report on Thursday, February 5th. JPMorgan Chase & Co. upped their target price on shares of Alphabet from $385.00 to $395.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a report on Tuesday, January 20th. Finally, Truist Financial set a $350.00 price target on shares of Alphabet in a research note on Friday, December 5th. Nine investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $345.71.

Alphabet Price Performance

GOOG stock opened at $280.74 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.11. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $350.15. The stock’s 50 day moving average is $314.06 and its two-hundred day moving average is $294.73. The company has a market capitalization of $3.40 trillion, a PE ratio of 25.97, a P/E/G ratio of 1.70 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, beating 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 company had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. During the same period in the prior year, the business posted $2.15 EPS. The business’s revenue was up 18.0% on a year-over-year basis. Analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

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

Alphabet Company Profile

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.