Auctus Advisors LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,953 shares of the information services provider’s stock, valued at approximately $927,000. Alphabet accounts for approximately 0.9% of Auctus Advisors LLC’s holdings, making the stock its 6th largest position.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new stake in shares of Alphabet in the 3rd quarter valued at about $31,000. Manning & Napier Advisors LLC purchased a new position in shares of Alphabet during the third quarter worth about $32,000. Tripletail Wealth Management LLC purchased a new position in shares of Alphabet during the third quarter worth about $40,000. Retirement Wealth Solutions LLC increased its position in shares of Alphabet by 145.0% in the third 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 last quarter. Finally, Bay Harbor Wealth Management LLC raised its stake in Alphabet by 56.8% in the third quarter. Bay Harbor Wealth Management LLC now owns 218 shares of the information services provider’s stock valued at $53,000 after purchasing an additional 79 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Wall Street bullishness — analysts have raised or reiterated high price targets (Wells Fargo lift tied to Google Cloud monetization; Needham reaffirmed a $400 target), supporting upside expectations for GOOG. Wells Fargo Raises PT on Alphabet Needham Reiterates Buy
- Positive Sentiment: Institutional and notable investor interest — long‑running D. E. Shaw position and reported bets from prominent investors (e.g., Paul Tudor Jones, Stanley Druckenmiller) are read as confidence in Alphabet’s AI/cloud growth story. D. E. Shaw Is Bullish
- Positive Sentiment: AI product & efficiency catalysts — launches and upgrades (Veo 3.1 Lite, Lyria 3 Pro) plus claims of large memory‑efficiency gains (TurboQuant) improve competitive positioning and lower AI operating costs, which supports Google Cloud margins and investor sentiment. Veo 3.1 Lite Lyria 3 Pro AI efficiency / market reaction
- Positive Sentiment: Macro / flow support — broad risk‑on session and gains in tech heavy ETFs (QQQ, SPY contributors) are lifting mega‑caps like GOOG as index momentum and passive flows benefit large holdings. ETF/Index flow contribution
- Neutral Sentiment: Longer‑term cloud/ad market tailwinds — coverage pieces highlight Google Cloud’s rapid revenue/backlog growth and a secular rise in digital ad spend, which are supportive fundamentals but are already priced in to some extent. Digital ad spend theme Cloud & AI infra context
- Neutral Sentiment: New hardware/service experiments (e.g., screenless Fitbit band with subscription model) point to product diversification but are early stage for revenue impact. Fitbit band report
- Negative Sentiment: Regulatory and content risks — groups of child‑development experts and some governments are pressing Google/YouTube over AI‑generated content for kids; Indonesia has summoned Google over child social media curbs — these raise reputational and compliance risk for YouTube monetization. Experts urge YouTube action Indonesia summons Google
- Negative Sentiment: Legal worries & insider selling — ongoing legal headlines and repeated insider sales (documented filings) create short‑term volatility and investor caution. Legal woes piece Insider sale
Insider Activity
Alphabet Trading Up 2.8%
Shares of GOOG opened at $294.90 on Thursday. The firm has a market cap of $3.57 trillion, a price-to-earnings ratio of 27.28, a PEG ratio of 1.76 and a beta of 1.13. 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 Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $350.15. The firm has a 50 day moving average price of $310.41 and a 200-day moving average price of $296.32.
Alphabet (NASDAQ:GOOG – Get Free Report) 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. The company had revenue of $113.83 billion for the quarter, compared to analyst estimates of $111.24 billion. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.15 EPS. As a group, equities research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.
Alphabet Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, March 9th. Alphabet’s dividend payout ratio (DPR) is 7.77%.
Analysts Set New Price Targets
Several brokerages have issued reports on GOOG. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $370.00 target price on shares of Alphabet in a research report on Tuesday, January 20th. Jefferies Financial Group restated a “buy” rating and set a $365.00 price objective on shares of Alphabet in a research report on Monday, January 5th. Wedbush reaffirmed an “outperform” rating and set a $370.00 price objective on shares of Alphabet in a report on Thursday, February 5th. Truist Financial set a $350.00 target price on shares of Alphabet in a research report on Friday, December 5th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $345.00 target price on shares of Alphabet in a research note on Thursday, February 5th. Nine equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $345.71.
View Our Latest Stock Analysis on GOOG
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.
See Also
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Free Report).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.
