Alphabet Inc. $GOOG Position Trimmed by Calamos Advisors LLC

Key Points

• Calamos Advisors LLC trimmed its Alphabet stake by 3.9%, selling 37,517 shares and leaving it with 924,074 shares worth about $289.97 million, making GOOG its 12th-largest holding (1.1% of the portfolio).
• Alphabet topped Q1 estimates with EPS $5.11 vs $2.68 and $109.9B revenue, driving stock gains, analyst upgrades (average target ~$362.73, some notes up to $515) and optimism from AI/cloud catalysts including a reported $200 billion Anthropic commitment to Google Cloud.
• Insiders have been net sellers recently: CEO Sundar Pichai sold 32,500 shares (~$10.0M) and insiders disposed of 158,553 shares (~$47.95M) over the last 90 days.

Calamos Advisors LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 924,074 shares of the information services provider's stock after selling 37,517 shares during the quarter. Alphabet makes up 1.1% of Calamos Advisors LLC's investment portfolio, making the stock its 12th largest holding. Calamos Advisors LLC's holdings in Alphabet were worth $289,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bravias Capital Group LLC grew its stake in Alphabet by 3.9% during the 4th quarter. Bravias Capital Group LLC now owns 1,748 shares of the information services provider's stock valued at $549,000 after acquiring an additional 66 shares in the last quarter. Cypress Asset Management Inc. TX grew its stake in Alphabet by 8.1% during the 4th quarter. Cypress Asset Management Inc. TX now owns 50,788 shares of the information services provider's stock valued at $15,937,000 after acquiring an additional 3,808 shares in the last quarter. Brown Financial Advisory purchased a new position in Alphabet during the 4th quarter valued at about $251,000. Segment Wealth Management LLC grew its stake in Alphabet by 3.4% during the 4th quarter. Segment Wealth Management LLC now owns 45,049 shares of the information services provider's stock valued at $14,136,000 after acquiring an additional 1,496 shares in the last quarter. Finally, Golden Reserve Retirement LLC purchased a new position in Alphabet during the 4th quarter valued at about $1,145,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GOOG. UBS Group reaffirmed a "neutral" rating and set a $348.00 target price (up from $345.00) on shares of Alphabet in a research note on Thursday, February 12th. Pivotal Research reaffirmed a "buy" rating and set a $470.00 target price (up from $420.00) on shares of Alphabet in a research note on Wednesday, April 29th. DZ Bank raised Alphabet to a "strong-buy" rating in a research note on Monday, February 16th. Sanford C. Bernstein reissued a "market perform" rating and issued a $345.00 price target on shares of Alphabet in a research note on Thursday, February 5th. Finally, Phillip Securities cut Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Wednesday, April 15th. Six analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $362.73.

Alphabet Trading Up 1.2%

Shares of NASDAQ GOOG opened at $384.34 on Wednesday. The stock has a market cap of $4.65 trillion, a price-to-earnings ratio of 29.32, a PEG ratio of 1.62 and a beta of 1.25. The business has a 50 day simple moving average of $313.83 and a 200 day simple moving average of $309.58. Alphabet Inc. has a 52 week low of $149.49 and a 52 week high of $388.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.92 and a current ratio of 1.92.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 EPS for the quarter, beating the consensus estimate of $2.68 by $2.43. The business had revenue of $109.90 billion during the quarter, compared to analysts' expectations of $106.96 billion. Alphabet had a return on equity of 38.99% and a net margin of 37.92%.The firm's quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.81 EPS. On average, research analysts predict that Alphabet Inc. will post 13.72 earnings per share for the current fiscal year.

Alphabet Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 8th. This is an increase from Alphabet's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. Alphabet's dividend payout ratio (DPR) is currently 6.41%.

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Reported huge Anthropic commitment to Google Cloud — The Information/Reuters reported Anthropic has agreed to spend roughly $200 billion with Google Cloud over multiple years, a deal that would materially boost cloud bookings and long‑term revenue visibility. Anthropic commits $200B to Google Cloud (Reuters)
• Positive Sentiment: Analysts turning more bullish and lifting price targets — Multiple firms have raised targets (including a street‑high $515 note), citing AI upside, custom models and accelerating cloud monetization, supporting higher valuation multiples. Analyst $515 target (TipRanks)
• Positive Sentiment: Record highs and strong Q1 fundamentals — Investors are pricing in Q1 beats (EPS and revenue), 60%+ cloud growth and a ballooning cloud backlog that underpins multi‑year revenue conversion. That momentum is driving buying interest. Alphabet hits record highs (Yahoo)
• Positive Sentiment: Product / infrastructure moves could expand addressable market — Google moving to sell TPUs directly and scale AI compute options could accelerate revenue capture and challenge competitors in AI infrastructure. Google to sell TPUs directly (247WallSt)
• Neutral Sentiment: U.S. government access and stress‑testing of AI models — The administration expanded programs to let government scientists and agencies review unreleased models (including DeepMind) to assess risks; this is a mix of oversight and validation. US stress tests of AI models (Reuters)
• Neutral Sentiment: Capital markets: large euro bond sale with strong demand — Alphabet tapped the euro market with a multi‑tranche offering to fund AI infrastructure; strong order books reduce financing risk but also highlight heavy near‑term CapEx plans. Euro bond offering (Reuters)
• Negative Sentiment: Employee unrest and DoD/defense work — DeepMind staff have pushed for union recognition and protested military contracts; classified DoD engagements raise reputational and retention risks that could affect operations. DeepMind union vote over military deals (Business Insider)
• Negative Sentiment: Regulatory/privacy push in EU — A top Google scientist warned that EU proposals to share search data with rivals could expose user data, signaling potential regulatory headwinds and business model risk if rules tighten. EU data sharing concerns (Reuters)

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer owned 1,642,060 shares of the company's stock, valued at $505,573,853.40. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Kent Walker sold 8,993 shares of the company's stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $275.89, for a total value of $2,481,078.77. Following the sale, the insider directly owned 51,808 shares of the company's stock, valued at $14,293,309.12. The trade was a 14.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 158,553 shares of company stock valued at $47,951,856. Insiders own 12.99% of the company's stock.

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.

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