Nisa Investment Advisors LLC increased its stake in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 12.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,904,124 shares of the information services provider’s stock after purchasing an additional 216,050 shares during the period. Alphabet accounts for about 8.5% of Nisa Investment Advisors LLC’s portfolio, making the stock its 5th largest position. Nisa Investment Advisors LLC’s holdings in Alphabet were worth $595,991,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Santori & Peters Inc. raised its position in Alphabet by 10.3% during the 4th quarter. Santori & Peters Inc. now owns 1,339 shares of the information services provider’s stock worth $419,000 after buying an additional 125 shares during the last quarter. Meyer Handelman Co. raised its position in Alphabet by 0.4% during the 4th quarter. Meyer Handelman Co. now owns 117,700 shares of the information services provider’s stock worth $36,840,000 after buying an additional 419 shares during the last quarter. Westmount Partners LLC raised its position in Alphabet by 15.4% during the 4th quarter. Westmount Partners LLC now owns 28,644 shares of the information services provider’s stock worth $8,966,000 after buying an additional 3,821 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in Alphabet by 1.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 229,711 shares of the information services provider’s stock worth $71,900,000 after buying an additional 3,774 shares during the last quarter. Finally, Guided Capital Wealth Management LLC raised its position in Alphabet by 26.1% during the 4th quarter. Guided Capital Wealth Management LLC now owns 8,090 shares of the information services provider’s stock worth $2,532,000 after buying an additional 1,676 shares during the last quarter. 40.03% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on GOOGL shares. Truist Financial set a $385.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Royal Bank Of Canada raised their price target on shares of Alphabet from $375.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Loop Capital raised their price target on shares of Alphabet from $320.00 to $355.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Jefferies Financial Group raised their price target on shares of Alphabet from $365.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, KeyCorp set a $370.00 price target on shares of Alphabet and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Three research analysts have rated the stock with a Strong Buy rating, forty-four have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $367.33.
Key Stories Impacting Alphabet
Here are the key news stories impacting Alphabet this week:
- Positive Sentiment: Broadcom signs a multi‑year deal to develop and supply Google’s next‑generation custom AI chips and data‑center components, reducing supply uncertainty for Google’s AI racks and supporting cloud/AI margin leverage. Broadcom signs long-term deal to develop Google’s custom AI chips (Reuters)
- Positive Sentiment: Expanded Broadcom/Google/Anthropic collaboration increases compute capacity commitments and validates strong demand for Google’s TPUs and rack infrastructure — a positive for Google Cloud positioning and unit economics. Broadcom agrees to expanded chip deals with Google, Anthropic (CNBC)
- Positive Sentiment: Anthropic’s increased compute deal with Google and Broadcom underscores rising demand for Google‑hosted model capacity and could boost revenue from enterprise AI partnerships. Anthropic ups compute deal with Google and Broadcom (TechCrunch)
- Positive Sentiment: CEO Sundar Pichai says the AI shift creates more opportunities to invest in startups (SpaceX, Anthropic cited), signaling proactive capital deployment into strategic AI partners and potential long‑term ecosystem benefits. Pichai: AI shift opens opportunities to invest in startups (CNBC)
- Positive Sentiment: Waymo opens driverless rides to the public in Nashville, advancing commercial autonomy efforts and potential ride‑hailing revenue streams for Alphabet’s self‑driving unit. Waymo Opens Driverless Rides to the Public in Nashville (CNET)
- Neutral Sentiment: Analyst commentary and trending coverage (Zacks, Citizens analyst update, market pieces) keep Alphabet on investors’ watchlists; these items support interest but don’t change fundamentals immediately. Alphabet lapping the market (Zacks)
- Negative Sentiment: Shareholder pressure over data‑center water and power use highlights potential permitting delays, higher compliance costs and reputational risk for large buildouts. Investors press Amazon, Microsoft and Google on water, power use (Reuters)
- Negative Sentiment: A NYT analysis questions the accuracy and sourcing of Google’s AI‑generated overviews, flagging reputational and regulatory risks that could affect ad quality and product trust. How Accurate Are Google’s A.I. Overviews? (NYT)
- Negative Sentiment: Insider sale by Alphabet’s CAO was reported; size is modest but such filings can be viewed negatively in short term. Insider Selling: CAO Sells Stock (American Banking News)
Alphabet Stock Performance
GOOGL opened at $305.46 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.01 and a quick ratio of 2.01. The firm has a fifty day moving average price of $308.04 and a 200 day moving average price of $297.62. Alphabet Inc. has a 1 year low of $143.03 and a 1 year high of $349.00. The stock has a market cap of $3.70 trillion, a P/E ratio of 28.26, a P/E/G ratio of 1.81 and a beta of 1.12.
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its earnings results on Wednesday, February 4th. The information services provider reported $2.82 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $113.83 billion during the quarter, compared to analysts’ expectations of $111.24 billion. Equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current year.
Alphabet Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a $0.21 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet’s payout ratio is 7.77%.
Insiders Place Their Bets
In other news, Director John L. Hennessy sold 1,050 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $303.41, for a total value of $318,580.50. Following the completion of the sale, the director directly owned 4,631 shares in the company, valued at $1,405,091.71. The trade was a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frances Arnold sold 112 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $302.99, for a total value of $33,934.88. Following the completion of the sale, the director owned 18,418 shares of the company’s stock, valued at $5,580,469.82. This trade represents a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 2,069,344 shares of company stock valued at $104,708,426. 11.55% of the stock is owned by insiders.
Alphabet 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.
See Also
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