Cordant Inc. Invests $5.76 Million in Alphabet Inc. $GOOG

Cordant Inc. bought a new stake in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,346 shares of the information services provider’s stock, valued at approximately $5,757,000. Alphabet accounts for about 2.4% of Cordant Inc.’s investment portfolio, making the stock its 13th biggest holding.

A number of other large investors have also added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new position in Alphabet in the 3rd quarter worth $31,000. Manning & Napier Advisors LLC acquired a new stake in shares of Alphabet during the third quarter valued at about $32,000. Tripletail Wealth Management LLC acquired a new stake in shares of Alphabet during the third quarter valued at about $40,000. Retirement Wealth Solutions LLC increased its position in shares of Alphabet by 145.0% during the third 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 during the last quarter. Finally, Bay Harbor Wealth Management LLC increased its position in shares of Alphabet by 56.8% during the third 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 during the last quarter. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of analyst reports. Guggenheim reissued a “buy” rating and issued a $375.00 price target on shares of Alphabet in a report on Monday, December 1st. Citigroup restated a “market outperform” rating on shares of Alphabet in a report on Wednesday, December 17th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a research report on Tuesday, January 20th. Canaccord Genuity Group increased their target price on Alphabet from $330.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Finally, TD Cowen reissued a “buy” rating and set a $365.00 price target (up from $355.00) on shares of Alphabet in a research report on Thursday, February 5th. Nine 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $345.71.

Key Stories Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Alphabet is deepening its AI infrastructure ties by backing a massive Texas data‑center project to be leased by Anthropic — a strategic move that secures capacity for large AI models and strengthens a key partner relationship. Read More.
• Positive Sentiment: Wall Street has been raising targets: Needham and other analysts have issued $400+/high‑3xx targets and firms like Wells Fargo raised theirs recently — supporting medium‑term upside narratives despite the pullback. Read More.
• Positive Sentiment: Fundamentals remain strong: recent quarterly beats, accelerating Google Cloud backlog (~$240B reported), and rapid Gemini adoption underpin revenue visibility and long‑term growth expectations. Read More.
• Positive Sentiment: Google Research’s TurboQuant memory‑compression work has spooked memory suppliers but can be a net positive for Alphabet — lower AI infrastructure costs and greater model efficiency improve margins and competitive positioning. Read More.
• Neutral Sentiment: Technically the stock is in a correction from its highs and some commentators frame the selloff as a buying opportunity; price action below key short‑term supports is increasing volatility but not yet changing the longer‑term bull case. Read More.
• Negative Sentiment: Legal risk intensified after a high‑profile jury found YouTube (Alphabet) liable in a social‑media addiction bellwether case — the direct damages are small but the ruling increases headline and litigation risk across many pending suits and could force product or regulatory changes that hit engagement/ads. Read More.
• Negative Sentiment: Broader market and geopolitical pressures: a tech sector selloff (Nasdaq weakness, Iran war worries) and legal blows to peers like Meta have amplified outflows from large cap tech, pressuring GOOG along with the group. Read More.
• Negative Sentiment: Institutional/insider moves and high‑profile position trims (reported sales and some billionaire reductions) add selling pressure and headline risk in the near term. Read More.

Insider Activity

In other Alphabet news, Director John L. Hennessy sold 1,050 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $303.41, for a total transaction of $318,580.50. Following the sale, the director directly owned 4,631 shares of the company’s stock, valued at approximately $1,405,091.71. This represents a 18.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $307.89, for a total transaction of $10,006,425.00. Following the completion of the transaction, the chief executive officer owned 1,642,060 shares in the company, valued at approximately $505,573,853.40. The trade was a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,110,165 shares of company stock valued at $118,134,117 over the last quarter. 12.99% of the stock is owned by company insiders.

Alphabet Stock Performance

Shares of GOOG stock opened at $273.76 on Friday. The stock has a market capitalization of $3.31 trillion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.60 and a beta of 1.10. Alphabet Inc. has a one year low of $142.66 and a one year high of $350.15. The company’s 50-day simple moving average is $312.93 and its 200-day simple moving average is $295.39. 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:GOOG) last announced its quarterly earnings data on Thursday, February 5th. The information services provider reported $2.82 earnings per share 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 firm had revenue of $113.83 billion during the quarter, compared to analyst estimates of $111.24 billion. During the same period in the previous year, the company earned $2.15 earnings per share. Alphabet’s quarterly 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, March 9th. This represents a $0.84 annualized dividend and a yield of 0.3%. Alphabet’s payout ratio is presently 7.77%.

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.