Alphabet Inc. $GOOG is First Horizon Corp's 10th Largest Position

Key Points

• First Horizon Corp trimmed its Alphabet stake by 6.9% in Q4 to 115,843 shares (about $36.35M), making GOOG roughly 1.6% of its portfolio and its 10th-largest holding.
• Insider selling has been notable — CEO Sundar Pichai sold 32,500 shares (~$9.88M) and insiders sold 2,037,294 shares (~$94.22M) over the past three months, though insiders still own about 12.99% of the company.
• Alphabet recently beat Q results (EPS $2.82 vs. $2.59; revenue $113.83B, +18% YoY) and benefits from AI/cloud catalysts (DoD adoption of Gemini, reported Anthropic investment), but faces regulatory scrutiny in the EU and near-term margin pressure from rising depreciation and AI investments.

First Horizon Corp decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,843 shares of the information services provider's stock after selling 8,603 shares during the quarter. Alphabet comprises about 1.6% of First Horizon Corp's portfolio, making the stock its 10th biggest holding. First Horizon Corp's holdings in Alphabet were worth $36,352,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GOOG. Brighton Jones LLC grew its holdings in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock worth $22,901,000 after buying an additional 6,410 shares in the last quarter. Worldquant Millennium Advisors LLC boosted its position in shares of Alphabet by 76.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,865,304 shares of the information services provider's stock valued at $330,886,000 after acquiring an additional 806,681 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of Alphabet during the 2nd quarter valued at about $658,000. Financial Advisors Network Inc. boosted its position in shares of Alphabet by 7.7% during the 2nd quarter. Financial Advisors Network Inc. now owns 7,945 shares of the information services provider's stock valued at $1,409,000 after acquiring an additional 565 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its position in shares of Alphabet by 10.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 37,310 shares of the information services provider's stock valued at $6,618,000 after acquiring an additional 3,616 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

Key Headlines Impacting Alphabet

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: U.S. Department of Defense added Google’s Gemini for Government models to its secure GenAI.mil platform, a commercial validation that can boost cloud and AI contract momentum for Google Cloud. Benzinga: What's Behind The Boost In Alphabet Stock Today?
• Positive Sentiment: Reports of a large strategic investment/commitment tied to Anthropic (reported as up to $40B) and ongoing cloud commitments have fueled optimism that Alphabet is doubling down on generative-AI partnerships and cloud demand. Blockonomi: Alphabet Surges on $40B Anthropic Investment
• Positive Sentiment: CFRA and other commentators name Alphabet among the best positioned in the “Mag 7” earnings slate because of AI/search strength and cloud tailwinds—supporting a bullish near-term view into earnings. YouTube: Angelo Zino Preview
• Neutral Sentiment: Analysts and previews expect robust Q1 top-line growth (consensus ~ $107B) with AI and Cloud driving upside, but note the report is a potential catalyst that could swing the stock either way. Seeking Alpha: All-Time Highs May Be Ahead
• Neutral Sentiment: New regional investments—Google and South Korea agreed to build an AI campus in Seoul—strengthen international AI R&D ties and talent pipelines but are longer‑term positives. Reuters: Google to build AI campus in South Korea
• Negative Sentiment: EU regulators are pressing Google to open Android and certain services to AI rivals—followed by guidance on access to Gemini-like services—which raises regulatory compliance costs and potential product changes. TechXplore: EU tells Google to open Android to AI rivals
• Negative Sentiment: Analysts and some research warn that rising depreciation and AI-related investments could pressure Q1 EPS and margins in the near term, creating downside risk if earnings miss expectations. Seeking Alpha: Depreciation Pressuring EPS
• Negative Sentiment: Large insider selling and a notable institutional reduction (PROVIDENT TRUST CO reduced GOOG/GOOGL positions) are red flags for some investors and add selling pressure ahead of earnings. Quiver Quant: Insider & Fund Activity

Insider Buying and Selling

In other Alphabet 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 transaction, the director owned 4,631 shares of the company's stock, valued at $1,405,091.71. This represents a 18.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $303.92, for a total transaction of $9,877,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,818,524 shares in the company, valued at $856,605,814.08. The trade was a 1.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,037,294 shares of company stock valued at $94,216,897 over the last three months. Company insiders own 12.99% of the company's stock.

Alphabet Trading Up 1.8%

NASDAQ GOOG opened at $348.52 on Tuesday. The firm's 50-day moving average is $309.11 and its two-hundred day moving average is $306.19. Alphabet Inc. has a 12 month low of $149.49 and a 12 month high of $350.90. 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 stock has a market capitalization of $4.22 trillion, a P/E ratio of 32.24, a PEG ratio of 2.12 and a beta of 1.13.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Thursday, February 5th. The information services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.59 by $0.23. Alphabet had a net margin of 32.81% and a return on equity of 35.01%. The company had revenue of $113.83 billion for the quarter, compared to analysts' expectations of $111.24 billion. During the same quarter in the prior year, the company posted $2.15 earnings per share. Alphabet's revenue for the quarter was up 18.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Alphabet Inc. will post 11.53 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on GOOG shares. TD Cowen reissued a "buy" rating and set a $375.00 price target (up from $365.00) on shares of Alphabet in a research report on Thursday, April 16th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Monday, April 20th. Royal Bank Of Canada reissued an "outperform" rating and set a $375.00 price target on shares of Alphabet in a research report on Thursday, January 15th. Sanford C. Bernstein reissued a "market perform" rating and set a $345.00 price target on shares of Alphabet in a research report on Thursday, February 5th. Finally, Canaccord Genuity Group boosted their price target on shares of Alphabet from $330.00 to $390.00 and gave the company a "buy" rating in a research report on Wednesday, January 7th. Seven 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. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $351.73.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.