Bourne Lent Asset Management Inc. Reduces Stock Holdings in Alphabet Inc. $GOOG

Bourne Lent Asset Management Inc. lessened its holdings in Alphabet Inc. (NASDAQ:GOOG) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,717 shares of the information services provider’s stock after selling 7,915 shares during the period. Alphabet makes up approximately 10.8% of Bourne Lent Asset Management Inc.’s portfolio, making the stock its 3rd biggest holding. Bourne Lent Asset Management Inc.’s holdings in Alphabet were worth $32,546,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GOOG. Imprint Wealth LLC purchased a new position in Alphabet in the third quarter worth $31,000. Manning & Napier Advisors LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at $32,000. Tripletail Wealth Management LLC purchased a new stake in shares of Alphabet during the 3rd quarter valued at $40,000. Retirement Wealth Solutions LLC raised its stake in shares of 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 purchasing an additional 116 shares during the period. Finally, Bay Harbor Wealth Management LLC raised its stake in shares of 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 purchasing an additional 79 shares during the period. 27.26% of the stock is owned by institutional investors.

Alphabet Trading Up 5.0%

Shares of GOOG stock opened at $286.71 on Wednesday. The stock has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 26.52, a PEG ratio of 1.60 and a beta of 1.10. The company’s fifty day simple moving average is $311.08 and its two-hundred day simple moving average is $296.33. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $350.15. 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 (NASDAQ:GOOG) last announced its quarterly earnings results 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 company had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. During the same period in the previous year, the business earned $2.15 earnings per share. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Alphabet Dividend Announcement

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

Insider Buying and Selling at Alphabet

In related news, insider John Kent Walker sold 47,574 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider owned 13,227 shares of the company’s stock, valued at approximately $3,987,279.15. The trade was a 78.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 955 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $298.00, for a total transaction of $284,590.00. Following the sale, the chief accounting officer directly owned 9,918 shares in the company, valued at $2,955,564. This trade represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,092,234 shares of company stock worth $112,487,971. 12.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several research reports. Pivotal Research restated a “buy” rating and set a $420.00 price target (up from $400.00) on shares of Alphabet in a research report on Thursday, February 5th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Alphabet in a research report on Tuesday, January 20th. TD Cowen reiterated 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. UBS Group reissued a “neutral” rating and set a $348.00 target price (up from $345.00) on shares of Alphabet in a research report on Thursday, February 12th. Finally, Wells Fargo & Company upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Nine research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average price target of $345.71.

More Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google introduced Veo 3.1 Lite, a lower‑cost video AI model (same speed as Veo 3.1 Fast but at roughly half the cost) — this can broaden developer adoption, increase Google Cloud inference volume and improve monetization of AI services. Article Title
• Positive Sentiment: Alphabet rolled out Lyria 3 Pro for longer AI‑generated music tracks (up to 3 minutes), expanding its creative AI product stack and potential content‑creation revenue/use cases. Article Title
• Positive Sentiment: Wall Street remains constructive on Alphabet’s AI/cloud opportunity: analysts highlight strong cloud growth, big backlog and high price targets — supportive background for multiple‑quarter upside. Article Title
• Neutral Sentiment: Google researchers published a paper showing quantum computers may reduce resources needed to break ECDLP‑256 (bitcoin encryption) by ~20x — underscores Google’s R&D leadership but has limited direct revenue impact for Alphabet. Article Title
• Neutral Sentiment: GOOG’s weight in major ETFs (QQQ, VTI, VOO) means passive/ETF flows amplify moves — gains in broader tech/AI names helped bid the stock. Article Title
• Negative Sentiment: Legal/regulatory headlines remain a drag: coverage of a social‑media addiction verdict and related lawsuits has created headline risk and prompted caution among some investors (appeals expected). Article Title Article Title
• Negative Sentiment: Publishers reported traffic/margin pressure from Google search changes (e.g., Future Plc margin warning), highlighting potential downstream ad‑revenue and partnership frictions. Article Title
• Negative Sentiment: Regulatory scrutiny continues globally (e.g., Indonesian summons over child social media curbs), a reminder of policy risks that can create episodic volatility. Article Title

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.